Mr Gupte brings with him over four decades of leadership experience across Banking, Financial Services, Information Technology, and Manufacturing sectors.

Gurgaon; May 16, 2025: Ester Industries Limited, a leading manufacturer of Polyester Films and Specialty Polymers, is pleased to announce the appointment of Mr Abhay Anant Gupte as an Additional Director in the capacity of Independent Director, effective 6th May 2025. This appointment is subject to the approval of shareholders and marks a significant step in strengthening the company's leadership as it continues its growth journey.

Mr Gupte brings with him over four decades of leadership experience across Banking, Financial Services, Information Technology, and Manufacturing sectors. He currently serves as the Managing Director and Chief Executive Officer of Manipal Technologies Limited (MTL). A postgraduate from IIT Delhi, Mr Gupte has previously held senior leadership roles at esteemed organizations such as American Express Bank, GE Capital, Logica, and EDS, with responsibilities across India, Europe, and Asia. He is also an Independent Director of one of the large public listed company that innovates banking technology products , and has been a trusted mentor to senior executives of leading global brands.

Welcoming Mr Gupte to the Board, Mr Arvind Singhania, Chairman and CEO of Ester Industries Limited, said, "We are pleased to welcome Mr Abhay Anant Gupte to the Board of Ester Industries as an Independent Director. His extensive global leadership experience, coupled with deep insights across diverse industries, will bring significant strategic value to our Board. As we pursue new opportunities and advance our position in the sectors we operate in, we look forward to benefiting from his guidance and expertise. We are confident that his vision and stewardship will support our efforts to unlock new avenues of growth, enhance stakeholder value, and accelerate Ester’s journey towards becoming a Leader in BOPET Films and Specialty Polymers.”

Commenting on his appointment, Mr Abhay Anant Gupte said, " I am honoured to join the Board of Ester Industries, a company that has consistently demonstrated innovation, operational excellence, and a strong commitment to sustainable growth. With its deep-rooted expertise in BOPET Films and Specialty Polymers and expanding global footprint, Ester is well-positioned to capitalize on emerging opportunities. I look forward to working closely with the Board and the leadership team to contribute to the company’s strategic vision, drive stakeholder value, and support its endeavours to drive long-term, sustainable growth."

This appointment reinforces Ester Industries’ commitment to upholding the highest standards of governance and bringing diverse expertise to its leadership as it embarks on its next phase of expansion.