Honasa names Shivang Jain CEO of BTM Ventures, parent of Reginald Men
Honasa Consumer has elevated internal strategist Shivang Jain to lead BTM Ventures, parent of men's grooming brand Reginald Men, in its first major leadership move since taking a majority stake in December 2025. The shift comes as Honasa shares trade at ₹478, up 68% YTD, near a 52-week high of ₹491.35.
What happened
Honasa Consumer appointed Shivang Jain as CEO of BTM Ventures, parent of men's grooming brand Reginald Men, the first major leadership move since acquiring a
Key facts
- ₹478.00 share price
- 1.22% up
- 52-week high ₹491.35
- 68% YTD gain
- ₹15,577 crore market cap
- 7 brands
Why this matters
The elevation of an internal candidate over an external hire indicates Honasa intends to run BTM Ventures as a controlled bolt-on rather than an arm's-length portfolio bet.
What to watch
- Next quarterly results: BTM/Reginald Men contribution to consolidated revenue
- Any exit of BTM founders or senior team post-elevation
- New product launches or category expansion under Reginald Men
- Stock reaction near 52-week high of ₹491.35 — breakout vs profit-taking
- Additional leadership hires or org restructuring across Honasa portfolio
- Honasa to announce revenue/GMV targets for Reginald Men within next earnings call
- Expand Reginald Men into quick-commerce and modern trade via existing Honasa channels
- Increase marketing spend and possible celebrity/influencer campaign for men's grooming
- Signal further M&A or full buyout of BTM Ventures minority stake