Stone Sapphire India appoints Shobhit Singh as CEO in a move to drive growth

Stone Sapphire India Pvt Ltd- known for its wide range of products, including toys, stationery, homeware, and sports equipment- has appointed Shobhit Singh as its new CEO. Shobhit Singh has been a key figure in driving innovation and growth at Stone Sapphire India.

In his new role, he is expected to lead the company toward becoming a global leader in the distribution of iconic and value-added products across various categories. Singh shared, "I am honoured to step into the role of CEO and lead Stone Sapphire into its next phase of growth. Our vision is to bring iconic and relevant brands to the Indian retail market, catering to diverse customer needs. We aim to achieve a significant milestone of clocking Rs 1,000 crore in revenue over the next four years while maintaining our commitment to quality and customer satisfaction."

Stone Sapphire India Pvt Ltd is now looking to expand its portfolio to include fast-moving consumer goods (FMCG) and other household categories, reflecting a sector-agnostic approach aimed at capturing a larger share of the Indian retail market.

Singh added, "Stone Sapphire’s journey started with a strong focus on kids’ products, but we are now moving towards a broader market presence. Our goal is to cultivate purpose-driven brands that not only meet customer needs but also enrich the lives of our employees, dealers, and distributors. We are committed to creating a business that is relevant to all stakeholders, including suppliers, consumers, investors, and partners."

In addition to expanding its product portfolio, Stone Sapphire India Pvt Ltd is also focused on strengthening its distribution network. The company recently opened a new office in Noida, complementing its existing offices in Mumbai and Baroda, along with depots in Delhi and Bangalore.