And Designs ropes in Milind Sarwate as director

Fashion designer Anita Dongre-promoted And Designs India Ltd (ADIL) has appointed Milind Sarwate, former Marico Group CFO, as an independent director of the company. Sarwate, who had resigned from Marico a year ago, has more than three decades of experience in finance, HR, strategic planning and business development. He is a chartered accountant and company secretary.

At Marico, he has held various roles like CFO, CHRO and member of group executive committee besides playing a role in corporate restructuring, talent management, corporate branding and social responsibility, among others.

Established in 1995, And Designs India was founded by Anita Dongre, Meena Sehra and Mukesh Sawlani. It retails apparels under three brand names: And, Anita Dongre and Global Desi. The firm has 154 company-owned stores and over 500 multi-brand large format stores in 59 cities. Recently, it entered Mauritius with four stores across the three brands.

In 2013, Future Lifestyle Fashions, a part of the Kishore Biyani-led Future Group, struck an agreement to sell its 22.86 per cent stake in ADIL. The buyer is believed to be global PE firm General Atlantic. Last October, And Designs appointed Ganesh Babu as chief financial officer and Monica Bhandari as chief human resources officer.