Advertising
Global Mergers, Local Ripples: Consolidations reshape India's ad land as clients seek 'single-window' partners
Truecaller appoints Rishit Jhunjhunwala as new CEO
Rishit Jhunjhunwala is set to assume his new position at Truecaller on January 9, following the departure of the current CEO, Alan Mamedi.
Rishit Jhunjhunwala has been with Truecaller since 2015 and currently serves as the chief of products and managing director of the company's India division.
Swedish software company Truecaller announced on Wednesday the appointment of Rishit Jhunjhunwala as its new chief executive officer, effective January 9, 2025, as per reports.
Jhunjhunwala, who has been with Truecaller since 2015 and currently serves as the chief of products and managing director of the company's India division will succeed incumbent CEO Alan Mamedi, who will step down from his role.
Co-founders Mamedi and Nami Zarringhalam revealed in a letter to stakeholders that they have chosen to relinquish their operational duties at Truecaller by June 30, 2025. However, both will continue to play an integral role in shaping the company's future as board members and advisors.
In addition to the leadership changes, Truecaller reported robust financial performance, with quarterly net sales increasing by 15% year-over-year to reach 457 million Swedish crowns (approximately $42.21 million).
Read more:
SPOTLIGHT
As India eyes global leadership in media, entertainment and gaming, Storyboard18's Digital Entertainment Summit, set to take place on June 27 in the capital, will spotlight the bold strategies, policy pathways and creative innovations shaping the future of the industry.
Read MoreIN PHOTOS: At Global Pioneers Summit, visionaries chart the future of business and creativity
From the chiefs of Nestle, Diageo, Colgate, PepsiCo, Zetwerk and CRED to AI visionaries, marketing mavens, top creators, ad legends and leading global agencies' CEOs, the brightest minds converged at the Storyboard18 Global Pioneers Summit for an action-packed day of meaningful dialogues on creativity, commerce and culture.