Honasa Consumer Limited on Tuesday appointed Shivang Jain as Chief Executive Officer of BTM Ventures, the parent company of men’s grooming brand Reginald Men, marking the first major leadership move since the Gurugram-based beauty conglomerate acquired a majority stake in BTM Ventures in December 2025.

Jain, who previously served as VP of Corporate Strategy and Chief of Staff at Honasa, will now oversee strategic direction and business operations at BTM Ventures. The appointment is an internal promotion, with Jain having worked directly with Honasa’s founders on portfolio expansion and strategic planning.

The announcement comes on a strong trading day for Honasa stock. Shares of the company were up 1.22 per cent at ₹478.00 as of 2.24 pm on the NSE, touching a 52-week high of ₹491.35 intraday. The stock has gained over 68 per cent year-to-date and 65 per cent over the past year, significantly outperforming the Nifty 500, which is down 3 per cent YTD. The company’s market capitalisation stands at approximately ₹15,577 crore.

Before joining Honasa, Jain spent over a decade in investment banking and consulting, with stints at Avendus Capital, EY, and JPMorgan Chase & Co. He holds a PGDBM from XLRI Jamshedpur.

BTM Ventures was founded in August 2022 by Trisha Reddy Talasani and focuses on science-backed personal care products. Its flagship brand, Reginald Men, marked Honasa’s entry into the men’s grooming segment.

Honasa CEO Varun Alagh said Jain’s understanding of the company’s brand-building approach made him the right choice to scale BTM Ventures. Honasa currently operates a portfolio of seven brands and is India’s largest digital-first beauty and personal care company by market positioning.

Published on July 14, 2026