New Delhi, Oct. 31 -- Ramprasad Sridharan, former MD & CEO of Benetton India is set to take over as managing director of Puma India, according to two people aware of the development. India is one of the German sportswear retailer's fasting growing markets where it faces intensifying competition.

Sridharan will succeed Karthik Balagopalan who stepped down as the managing director of Puma India earlier this week.

Puma declined to comment on Sridharan's appointment. He did not respond to Mint's questions on the new position.

Sridharan has held senior leadership roles in the Asia-Pacific region and the UK, helming Benetton India since June 2021. Prior to this, he held senior positions at footwear brand Clarks and L'eros Fashions.

Puma's n...