July 6, 2016


PrashantNew leadership team for Young Entrepreneurs Group of CITI


Prashant Mohota of Gimatex elected as Chairman


New Delhi, Tuesday, 5th July 2016: The Young Entrepreneurs Group (YEG) of Confederation of Indian Textile Industry (CITI) elected its new leadership team in its meeting held on 30 June 2016 at Mumbai. Mr. Prashant Mohota, Managing Director of Gimatex Industries, was elected as the new chairman. A brief profile of Mr. Mohota is attached herewith. Mr. Ashish Saraf, Chief Financial Officer of Technocraft Industries was elected as the Vice-Chairman, YEG.

Speaking at the occasion Mr. Mohota said, “I am really excited that the mantle of leading the young group of textile entrepreneurs was handed over to me at a time when India is on the cusp of change. Lot of focus is given by political and business class to the youth energy. I hope to harness it in right direction to ensure that the future of Indian textile decision makers become a discernible force”.

Mr. Naishadh Parikh, Chairman of CITI, congratulated the newly elected. “We want more young entrepreneurs in CITI’s board. I am confident that they will bring some fresh energy to the Confederation. I extent my full support to the team,” he said.

About YEG Group

 The Young Entrepreneurs Group (YEG) of Confederation of Indian Textile Industry (CITI) is a forum for young entrepreneurs in the textile industry holding management positions. Any entrepreneur less than 40 years of age and holding a managerial position in a textile unit is eligible to join the group.

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Profile of Mr. Prashant Mohota