Overview

• Parent company Imagine Marketing named Gaurav Nayyar CEO, moving cofounder Sameer Mehta to executive director and keeping Aman Gupta as a non-executive director.
• The company recently received SEBI’s nod for a confidential DRHP, with reports indicating a potential raise of about INR 2,000 crore in the listing.
• boAt returned to profit in FY25 with net income of INR 60.4 crore as operating revenue edged down about 1% to INR 3,073.3 crore.
• Audio products remained the mainstay, rising to INR 2,586 crore in FY25 revenue, while wearables fell 40% year-on-year to INR 330.4 crore.
• Nayyar becomes the third CEO in three years and brings two decades of strategy and operations experience, including senior roles at Bain & Company and KPMG.