Praana Group Strengthens Global Presence with Darpan Parikh's Appointment

Praana Group's Strategic Expansion

On March 12, 2026, Praana Group made headlines with the appointment of Darpan Parikh as a board member and the new Chief Executive Officer of Galata Chemicals. This noteworthy decision comes as part of the conglomerate's strategy to further its global expansion in the specialty chemicals sector.

Praana Group, known for its diversification and presence in specialty chemicals and fiberglass, is set on evolving into a comprehensive platform within the industry. Darpan Parikh brings over 25 years of extensive leadership experience in strategy, commercial transformation, product portfolio management, and supply chain excellence. His previous roles at SABIC and General Electric saw him spearheading global sales and supply chain organizations, enhancing operational performance across complex international structures. Notably, Parikh holds both an MBA and a Master’s degree in Plastic Engineering, assets that will aid him in navigating the intricate landscape of the chemical industry.

In his position as CEO of Galata Chemicals, Parikh will be tasked with steering the company towards achieving its global growth aspirations. He aims to bolster Galata's standing in specialty and high-performance additives for coatings, PVC, technical plastics, and industrial markets. His strategic objectives include promoting operational excellence, expanding product offerings, and nurturing customer relationships within Galata's international sphere.

As a Praana Board member, Parikh will also influence the strategic alignment of the Group's diverse specialty chemicals and fiberglass branches. His expertise will be vital in driving integration initiatives and ensuring long-term value creation across Praana’s enterprises.

Vishal Goenka, Vice Chairman of the Praana Group, commented on Parikh's appointment, stating, "Darpan's global experience, strategic mindset, and commitment to building high-performance teams perfectly align with our vision for an innovative expansion of Praana."

Parikh expressed enthusiasm regarding his new role, voicing, "I am thrilled to join Galata Chemicals and the Praana Group and look forward to building on the strong foundation of the company to endorse disciplined growth and an operational focus."

This executive change highlights Praana Group's commitment to fortifying its global platform for specialty chemicals. The Group aims to uphold its longstanding heritage of quality, governance, and innovation built over nearly seven decades.

About Praana

Founded in 1956, Praana Group is a multinational company headquartered in India, with a robust global production footprint spanning entities such as Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals, and 3B Fibreglass. In 2025, Praana achieved significant milestones, including final agreements to acquire Owens Corning's glass reinforcement business, enhancing its advanced materials strategy, and a planned purchase from Halliburton that expands its capabilities in specialty chemicals catering to energy and industrial markets. Additionally, agreements with Arkema to acquire a manufacturing facility in the Netherlands will strengthen its portfolio of specialty additives.

For more inquiries:

India Corporate Office
Name: Deepa Viswanath
Email: [email protected]

US Office
Name: Anthony Brown
Email: [email protected]

Europe Office
Name: Gülşah Yazicioglu Kun
Email: [email protected]