Honasa Consumer, the parent company of beauty and personal care brand Mamaearth, has stepped down from his role, two people aware of the developments told ET.
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Master’s decision to resign comes at a time when the Gurgaon-based company is undergoing a massive offline distribution restructuring that has severely impacted its financials.
“He has conveyed his decision to Varun (Alagh)...and is likely to quit soon,” one of the persons cited above said.
Master, who joined Honasa Consumer in August 2021, has earlier had stints at companies such as Airtel and Nokia. He joined the company from job-listing portal Shine, where he was CEO.
Like Honasa Consumer’s founder and CEO Varun Alagh, Master also started his career at Hindustan Unilever.
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