#India #Mumbai #Praana Group #Galata Chemicals #Darpan Parikh

Praana Group Expands Globally with New Appointment

The Praana Group, a diversified conglomerate known for its specialized chemicals and fiberglass manufacturing, has recently announced the appointment of Darpan Parikh as a board member and CEO of Galata Chemicals. This strategic move signifies a pivotal moment in Praana's ongoing evolution as an integrated platform for advanced materials and specialty chemicals.

Darpan Parikh comes to Galata Chemicals with an impressive background, boasting over 25 years of extensive global leadership experience. His expertise spans across product portfolio management, business transformation, and supply chain excellence. Before joining Galata, Mr. Parikh held senior positions at SABIC and General Electric, directing international sales and supply chain operations while significantly enhancing operational performance in large-scale organizations. His academic qualifications include an MBA and a Master’s degree in Plastics Engineering, equipping him with both practical knowledge and theoretical understanding in the field.

As CEO of Galata Chemicals, Mr. Parikh is set to lead the global growth strategy, aiming to strengthen the company’s position in specialty additives and performance coatings for PVC and technical plastics. His role focuses on driving operational excellence, expanding the customer portfolio, and fostering deeper customer engagement within Galata’s global footprint. Additionally, as a board member at Praana Group, he will play a crucial role in shaping the strategic direction across the group's diverse operations in specialty chemicals and fiberglass, underpinning long-term value creation initiatives and integration strategies.

Vishal Goenka, the Vice President of Praana Group, expressed his optimism regarding Mr. Parikh's appointment, stating, “Darpan’s international experience, strategic mindset, and team-building capabilities align seamlessly with our vision for Praana’s growth driven by innovation.” Mr. Parikh shared his excitement about joining Galata and Praana, expressing eagerness to leverage the company’s strong foundations to drive disciplined growth and operational focus.

This appointment underscores Praana Group’s commitment to enhancing its global platform for specialty chemicals while upholding a legacy of quality, governance, and innovation that has evolved over nearly seven decades.

About Praana Group

Founded in 1956, Praana Group is a multinational conglomerate based in India that operates from various manufacturing locations, including Sterling Specialty Chemicals, Galata Chemicals, Artek Surfin Chemicals, and 3B Fibreglass. In 2025, Praana finalized several significant acquisition agreements:

1. With Owens Corning: To acquire its glass-fiber reinforcing business, which will further enhance its global advanced materials platform and bolster its disciplined growth strategy focusing on international markets.
2. With Halliburton: For the acquisition of part of its Multi-Chem business, which will expand its capabilities in specialty chemicals within the energy and industrial markets.
3. With Arkema: To acquire the Vlissingen production plant in the Netherlands and related plastic additives business, including MBS copolymers and acrylic impact modifiers, thereby strengthening the specialty additives platform at Galata Chemicals.

For further information, please contact:

• - India Headquarters: Deepa Viswanath, Email: [[email protected]]
• - United States: Anthony Brown, Email: [[email protected]]
• - Europe: Gülşah Yazicioglu Kun, Email: [[email protected]]