Tech Mahindra (TechM) has announced appointment of Mohit Joshi as MD & CEO: Mr. Mohit Joshi will take over after the existing CEO and MD, Mr. CP Gurnani, retires on December 19, 2023. Mohit Joshi will join well before that date to allow sufficient transition time, as per TechM.
We model three scenarios for Grasim as (1) it succeeds and gains market share of 20% by FY30 but hurts industry EBITDA margin by 150bps, (2) Moderate success for Grasim with 10% market share by FY30 and industry EBITDA margin decline by 250bps and (3) Grasim fails to gain market share more than 5% by FY30 but indulges in price war and hurts industry EBITDA margin by 400bps.