Spykar, one of India’s largest denim brands, announces the promotion of Sanjay Vakharia to the position of Chief Executive Officer. Sanjay co-founded the brand in 1992 and was the COO & Director since 2014. The announcement comes at the back of an excellent year for the business where the brand clocked retail sales of over Rs. 550 cr. The revenues of Spykar have doubled and the profits grew by 4x in the last 3 years. The business was acquired by the Metdist group from Prasad Pabrekar in 2014. The Metdist Group is owned by the Bagri family, led by Apurv Bagri. The group is a global conglomerate with diversified interests in metal, hospitality, fashion and technology.