Business
Praana Group Advances Strategic Expansion with Appointment of Darpan Parikh
Praana Group, a diversified conglomerate with businesses spanning specialty chemicals and fiberglass, and Galata Chemicals, a global leader in specialty additives and performance chemicals, have announced the appointment of Darpan Parikh as the Member of their Board and Chief Executive Officer of Galata Chemicals. This appointment marks an important milestone in the Group's continued evolution as a globally integrated specialty chemicals and advanced materials platform.
About this update from Saudi Basic Industries Corp.
[{"type":"text","content":"Praana Group Appoints Darpan Parikh as Board Member of Praana Group and CEO of Galata Chemicals Amid Strategic Global Expansion","length":127,"tagName":"p","attribs":{}},{"type":"text","content":"MUMBAI, India and JERSEY CITY, N.J., Feb. 17, 2026 /PRNewswire/ -- Praana Group, a diversified conglomerate with businesses spanning specialty chemicals and fiberglass, and Galata Chemicals, a global leader in specialty additives and performance chemicals, have announced the appointment of Darpan Parikh as the Member of their Board and Chief Executive Officer of Galata Chemicals. This appointment marks an important milestone in the Group's continued evolution as a globally integrated specialty chemicals and advanced materials platform.","length":545,"tagName":"p"},{"type":"image","alt":"Praana Group Logo","displaySize":"","headline":null,"caption":"Praana Group Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":399,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/7d215e4ce87707e379336a2c982bfb73"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/3mVRHRlglZOvqbdsPuCb6w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/7d215e4ce87707e379336a2c982bfb73","width":399,"height":400}}},{"type":"text","content":"Parikh brings extensive global leadership experience of more than 25 years across strategy, commercial transformation, product portfolio management, and supply chain excellence. He joins Galata following senior leadership roles at SABIC and General Electric, where he led global sales and supply chain organizations and drove operational performance across complex international businesses. He holds an MBA and a Master's degree in Plastics Engineering.","length":457,"tagName":"p"},{"type":"text","content":"As CEO, Parikh will lead Galata Chemicals' global growth strategy, strengthening its position in specialty and performance additives for coatings, PVC, engineering plastics, and industrial markets. His mandate includes driving operational excellence, portfolio expansion, and deeper customer engagement across Galata's international footprint. As a Member of the Board of Praana Group, he will contribute to the strategic direction of the Group's diversified specialty chemicals and fiberglass businesses, supporting integration initiatives ...