Bengaluru, January 28, 2025 – Wonderla Holidays Limited (NSE: WONDERLA) has announced major leadership changes, including the promotion of Arun K Chittilappilly as Executive Chairman & Managing Director, the appointment of Aprameya Radhakrishna as an Independent Director, and the retirement of Founder-Chairman Kochouseph Chittilappilly.
Key Management Changes
1. Arun K Chittilappilly Appointed as Executive Chairman & MD
- Current Role: Managing Director.
- New Role: Managing Director & Executive Chairman.
- Effective Date: January 27, 2025.
- Significance: This transition marks a generational leadership shift, as the company prepares for future expansion in the amusement park and hospitality sectors.
2. Reappointment of Anjali Nair as Independent Director
- Effective Date: April 1, 2025.
- Term: 5 years.
- Role: Non-Executive Independent Director.
3. Appointment of Aprameya Radhakrishna as Independent Director
- Effective Date: February 1, 2025.
- Term: 5 years.
- Background:
- Serial entrepreneur and angel investor in the Indian startup ecosystem.
- Founder of TaxiForSure and Koo App.
- Holds a Bachelor’s degree in Electronics & Communication from NIT Karnataka and an MBA from IIM Ahmedabad.
- Recognized in Fortune India’s 40 Under 40 list.
4. Retirement of Founder-Chairman Kochouseph Chittilappilly
- Effective Date: March 31, 2025.
- Legacy:
- Founder of Wonderla Holidays & V-Guard Industries.
- Played a key role in making Wonderla one of India’s leading amusement park brands.
Strategic Implications
- Leadership Realignment for Growth: The appointment of Aprameya Radhakrishna, an experienced tech entrepreneur, hints at Wonderla’s potential digital expansion and future innovation strategies.
- Continued Corporate Governance: The reappointment of Anjali Nair ensures board stability and strategic oversight.
- Founder’s Exit Marks a New Era: With Kochouseph Chittilappilly’s retirement, Wonderla enters a new phase of leadership, with Arun K Chittilappilly spearheading growth and expansion efforts.