Karthik Balagopalan has stepped down as Managing Director of PUMA India to focus on family priorities in Germany. A PUMA veteran since 2006, he previously served as the brand’s Global Director of Retail and E-commerce before taking charge of the India business. During his tenure, Balagopalan played a key role in driving PUMA’s growth through strong retail leadership and direct-to-consumer strategy. He had succeeded Abhishek Ganguly, who led PUMA India for nearly a decade.