Arun Misra to Lead Vedanta Group as CEO After Demerger

Arun Misra is expected to become the CEO of Vedanta Ltd. within the next two months, according to media reports. He has led Hindustan Zinc since 2020, and under his leadership, the company’s FY26 revenue grew nearly 20% to ₹40,844 crore, while profit increased 34% to ₹13,832 crore. The leadership change comes as Vedanta transitions into a portfolio of independently listed, sector-focused companies. 

Vedanta’s post-demerger structure gives each vertical its own governance and financial framework, aiming for precise financial focus. The timing of Misra’s appointment aligns with the group’s strategy to strengthen management as the new entities begin independent operation. His experience in managing large-scale mining operations at Hindustan Zinc is well-suited to overseeing Vedanta’s diversified resource portfolio, which currently includes separately listed aluminium, oil, gas, power, and iron & steel companies. 

Vedanta’s restructuring established four new listed companies – Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel – alongside the residual Vedanta Ltd., which holds base metals and zinc assets. The demerger, which focused on simplifying the corporate structure and allowing clear valuations, was completed, with each new entity, from listing day, demonstrating a combined market capitalisation gain of between ₹49,000 crore and ₹63,000 crore compared with pre-demerger levels.

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Anil Agarwal, Vedanta chairman, has publicly stated his belief that each of the five listed companies could, over time, achieve valuations of $100 billion, supported by pre-planned expansion in major sectors. Expert analysts forecast that separate listings will improve transparency and allow investors to take roles based on their outlook for specific commodities.