Bajaj Auto, two-wheeler and three-wheeler company, has appointed Abraham Joseph as managing director of the company's wholly owned subsidiary, Chetak Technology. And, Ramtilak Ananthan will take up the position of chief technology officer at Bajaj Auto. 


Joseph, who has 35 years of experience, under his leadership, the company will pivot to become a high-tech organisation focused on developing core competencies across the spectrum of cutting-edge automotive technologies, stated a media report. 


Ananthan comes with an experience of more than 30 years at Bajaj Auto, In 2013, he was elevated to the position of vice president – R&D. Then, in 2019, he assumed the role of head – test & validation, overseeing the complete test and validation function, further added the report.

Read More: <a href="https://www.storyboard18.com/brand-makers/media-monks-india-appoints-shouvik-roy-to-spearhead-business-transformation-29497.htm">Media.Monks India appoints Shouvik Roy to spearhead business transformation</a>

Bajaj Auto strengthens its leadership team; Abraham Joseph and Ramtilak Ananthan take up newer roles

Abraham Joseph takes over as managing director of the company's wholly owned subsidiary, Chetak Technology. And, Ramtilak Ananthan will take up the position of chief technology officer at Bajaj Auto.

IPG Mediabrands chief Shashi Sinha's succession plan revealed; 'It has to be someone from within...'

HUL appoints Vipul Mathur as Executive Director, Personal Care

Womb Communications appoints Anurag Gupta as CEO

Colgate-Palmolive India's Priyanka Khaneja Gandhi quits

Unilever's Sahib Singh joins SLN Coffee as CEO

Pravis acquires a stake in StreamO, an ad-tech gaming platform

Representational image via Unsplash

Zee-Sony merger saga ends: Timeline of the failed merger

Why are Indian brands advertising in NYC's Times Square?

What Herman Melville’s Moby-Dick teaches us about leadership

Advertising is in the position where tobacco was: IPG's Arun Kumar 

Biz Moves: Interactive Avenues, Verve Media, Foxymoron and Grapes

There is an opportunity for building a better agency, not just a different one: Manja's Prajato Guha

Moment marketing | The priority of being first rather than being right is a misplaced one, says ASCI chief

Raymond re-appoints Gautam Singhania as MD amidst high-profile divorce fight

Apple reports revenue dip in Q2 2024, services hit all-time high despite lower iPhone sales

Coca-Cola bottler HCCB eyes IPO to tap India's booming beverage market: Reports

Piyush Pandey

Adtech regulation a priority for Modi govt in third term: MoS Rajeev Chandrasekhar

Credibility of news and platforms are as important as monetisation challenges: Anurag Thakur

HUL: Meet the leaders who have emerged from "The CEO Factory"

Punit Goenka addresses Zee employees; ensures no layoffs due to failed merger

Disney's strategic sale to Viacom18 set to boost market share to 40 percent

The Leader's Edge: Storyboard18 in conversation with leaders, decision makers and disruptors

Nobody’s Perfect Retro Porsche Ad

In Conversation With Raja Rajamannar, Mastercard

Shahid Kapoor And Varun Ganjoo Speaks On PokerBaazi's Campaign

In conversation with IHCL’s Puneet Chhatwal & GroupM’s Kate Scott-Dawkins

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Storyboard18 x The English Nut: How to pronounce these 10 brand names

Experts' Take On Reinvention Of Ad Campaigns Through Technology

Experts Speak On Key Emerging Trends In Cannes Lions Entries

Leaders of the future have to be outstanding human beings: Nestle MD

In conversation with VMLY&R’s Hari Ramanathan

Unilever's Chief People and Transformation Officer, Nitin Paranjpe, took to LinkedIn to share a story about defying self-doubt and finding unexpected joys in embracing a personal challenge, even if the results are... well, let's just say entertaining.


“I am musically challenged. I struggle with rhythm; I don’t have any natural talent. Around twenty years ago, I decided to test this. I wanted to see, if you are challenged in a particular field, what can you do with effort and discipline,” he said in his post.


<iframe src="https://www.linkedin.com/embed/feed/update/urn:li:share:7191801373401792512" height="747" width="504" frameborder="0" allowfullscreen="" title="Embedded post"></iframe>


Almost 20 years ago Paranjpe found someone to teach him the keyboard. “If you want to know the outcome of that study, I still play badly. That’s how I challenged I am,” he said.


But then it was still a win for him because he always thought he wouldn't be able to string together a tune even if he was given the notes. Paranjpe goes on about his tryst with music. 


He didn’t find a lot of success in his learning story but definitely found joy. “Anyone who listens to me today could well say-My god! After so many years you still suck,” he said.


And to that he’d say, “Yeah, and that's okay. You have no idea where I was compared to where I am now.” Paranjpe ended the note with a profound thought. He said, “What started off purely as a challenge has turned out to be a lot of fun.”


Read More: <a href="https://www.storyboard18.com/brand-makers/hul-appoints-vipul-mathur-as-executive-director-personal-care-takes-over-from-madhusudhan-rao-30619.htm">HUL appoints Vipul Mathur as Executive Director, Personal Care</a>

Unilever’s Nitin Paranjpe shares an endearing story about his lack of musical talent

The marketing industry plays a dynamic role in influencing consumer behaviour and fostering economic growth. After the grand success of the first two editions of Storyboard18 Visionaries, held in Gurugram and Bengaluru, the program is now gearing up to be in the city of marketing and creative excellence, Mumbai. 


The third edition of Visionaries to be held on Friday, April 26th will witness some of the biggest names in brand marketing come together to celebrate the brilliance of marketing mavens.


Read More: <a href="https://www.storyboard18.com/brand-makers/sustainability-at-heart-and-purpose-defines-the-path-diageos-hina-nagarajan-24779.htm">Sustainability at heart and purpose defines the path: Diageo India's Hina Nagarajan</a> 


Storyboard18 Visionaries celebrates luminaries from the world of brands and marketing who have disrupted and revolutionised the way we approach media and advertising. The Visionaries is a one of its kind platform that presents opportunities for the sharpest minds in the business to convene, celebrate excellence and exchange ideas that power growth. It is a night of gala celebration shaping the future of marketing in India.


The city chapters of Visionaries aim to bring together meaningful conversations, spotlighting path-breaking achievements and future gazing strategies.


Read More: <a href="https://www.storyboard18.com/brand-makers/storyboard18-visionaries-britannias-varun-berry-shares-leadership-lessons-24840.htm">Storyboard18 Visionaries: Britannia's Varun Berry shares leadership lessons</a> 


The Mumbai event promises to be an evening to remember, with the coming together of iconic leaders and new-age marketers. The event will feature a keynote address by Bharat Puri, CEO, Pidilite Industries and a special address by Santosh Iyer, MD and CEO, Mercedes-Benz India Pvt Ltd. The evening will spotlight leading marketers from a wide-range of brands including HDFC Bank, P&G, Mercedes, Hindustan Unilever, Visa, L'Oreal, Mondelez, Spotify, UltraTech and Mahindra Group, among others. It will also feature engaging conversations with Nishant Kalra, Country Vice President, Salesforce, and MVS Murthy, CMO, Federal Bank, among others. The Visionaries programme for CXOs and executives brings a ringside view into ways of shaping consumer behaviour.


Read More: <a href="https://www.storyboard18.com/quantum-brief/storyboard18-visionaries-bengaluru-chapter-blockbuster-celebration-of-marketing-brilliance-24771.htm">Storyboard18 Visionaries - Bengaluru chapter: Blockbuster celebration of marketing brilliance</a> 


The Visionaries programme for CXOs and executives provides unparalleled insights of how the best and brightest function in complex times. So, meet us at the point where cutting-edge ideas and visionary leaders who are changing our approach to media, marketing and advertising, converge to power transformation.


Read More: <a href="https://www.storyboard18.com/the-visionaries">The Visionaries</a>

Storyboard18 Visionaries Mumbai Edition is here!: Join the celebration of marketing mavens

The Derma Co., an active ingredient backed skincare brand from Honasa Consumer Limited, marked a milestone of achieving an annual revenue rate of INR 500 crore. "This achievement underscores Honasa Consumers’ capabilities to craft and scale new brands with strategic innovations, delivering exceptional skincare solutions to consumers across India," Honasa Consumer said in a statement. The milestone demonstrate the strength of the brand's on-trend, data-based innovation strategy, the company stated. 

Its focus on leveraging data for product innovation and responding swiftly to emerging trends continues to be a cornerstone of the strategy, the company added. 

Commenting on this milestone, Varun Alagh, Co-Founder, Chairman and Chief Executive Officer of Honasa Consumer Limited, says “The Derma Co.'s remarkable achievement of INR 500 crore annual run rate is a strong testament to our strategic brand-building approach at Honasa Consumer Limited. Our success is an output of in-depth consumer study of the evolving consumer demands and being able to innovate swiftly to deliver differentiated propositions to our consumers. This focus on excellence has helped us set new benchmarks across the active ingredient-based skincare segment. At Honasa, we are committed to continue our quest towards fueling our innovations and offer brands that serve the evolving consumer demands.”

Last month, Honasa Consumer Limited, the parent of Mamaearth, also launched ‘Staze’, a colour cosmetic line in a bid to enter the segment currently dominated by the likes of L'Oreal, Lakme, Sugar. “Staze is poised to carve its niche with a distinct emphasis on performance and innovation. We firmly believe that Gen Z consumers, who are seeking value and innovation, and Staze is uniquely positioned to meet and exceed their expectations", said Ghazal Alagh, Chief Innovation Officer, Honasa Consumer Ltd.

Varun Alagh added, “Honasa has always been at the forefront of innovation and being the pioneers in the BPC industry, we recognised a vital opportunity to address the burgeoning demand for innovative yet accessible colour cosmetics. And with the colour cosmetics segment boasting a remarkable CAGR of 12 percent and a substantial size of Rs 15,000 crore, it became evident that there was a gap in the market. These factors paved the way for Staze…”



Mamaearth-maker Honasa Consumer's second brand, The Derma Co., enters the Rs 500 crore ARR club

For Nidhi Mehta, director - finance, GOZOOP Group, Chief Financial Officers’ role extends beyond traditional finance boundaries. They are responsible for the finance and accounting professionals who perform operational functions and services in a strategic advisory role to the CEO and the rest of the C-suite peers. 


In a conversation with Storyboard18, she added, “A CFO's role commands a lot of respect in the ad agency as they advise other department heads, assist them in maximising revenues and controlling expenses without sacrificing customer needs and the agency's reputation.”


Edited Excerpts


Tell us about your career trajectory and journey. Where and how you started and what got you here.


I am a chartered accountant by profession. Post my three-year article ship, this is my first corporate job at GOZOOP Group. Years back I had not heard of GOZOOP but there was definitely a vibe when I entered the office for an interview. 


Digital Marketing was a thriving industry then and the core management at GOZOOP was impressive. The job profile offered was perfect and hence, there were no second thoughts. It's been years since that decision and since then there has been no looking back. 


What led you to join the advertising agency ecosystem in finance? What were your initial impressions and thoughts of the ad agency business? 


Advertising is always an exciting industry. In this new emerging era, where there is a wave of entrepreneurship and brand building, marketing today plays the most pivotal role for any new business start-up. Digital marketing helps thousands of new business entrepreneurs push boundaries and drive impact. 


How has the role of a CFO in an ad agency changed over the years? What does the job entail today? Where have you seen the biggest changes in what the role and function mean to the business? 


The CFO's role is extending beyond traditional finance boundaries and an increasing number of finance leaders view it as a pathway to the CEO position. The modern CFO is aspirational. 


Once mere observers in the boardroom, they are now crafting long-term strategies that ensure organisational stability. They are integral members of the top executive team, possessing a profound understanding of the company's vision. 


How do other departments and functions in the agency view the role of the CFO and the finance function? 


A CFO's and finance team's role in an ad agency is viewed as the most challenging role as they oversee the company's financial activities. This includes being responsible for the finance and accounting professionals who perform operational functions and services in a strategic advisory role to the CEO and the rest of the C-suite peers. 


A CFO's role commands a lot of respect in the ad agency as they advise other department heads, assist them in maximising revenues and controlling expenses without sacrificing customer needs and the agency's reputation.


How has the agency business model evolved? What have been the key changes and disruptions according to you and the impact of these shifts on the ad agency business model? 


Advertising agencies have evolved by leaps and bounds. It began with a simple printed ad in a newspaper and evolved into radio and television, commercials, billboards and digital advertising in the modern era. Advertising techniques have also become more sophisticated, incorporating psychology and consumer behaviour studies to create persuasive and effective campaigns.

 
Agencies are facing threats from all places. Is the business model future-ready? 


It is definitely future-ready as today the focus has shifted from the product to address consumer needs. With the emergence of new technologies and data-driven approaches, agencies can remain indispensable by tapping into this potential. 


However, with the pace of changes happening across the industry, agencies that do not develop a framework and plan for modernising their operational model that's inclusive of AI and technology will likely encounter increased challenges with both client and talent retention. 


From your observation, do you see any gender inequality or disparity in the finance function across levels? Agency leadership has traditionally been male dominated and advertising was seen as a boys club. Does that hold true for finance as well and the CFOs in advertising?


Not at all. The finance department at GOZOOP was and is always driven by women leadership. As far as the industry is concerned, there are several factors that lead to one's leadership goal.


What are the steps ad agencies must take to advance CFOs' role in advertising?


Agencies should enhance better communication between CFOs and other departmental heads. Regular meetings between them are needed to negotiate and discuss expenses and budgets that are aligned to the company's goals. 


A CFO should be made an integral part of all important decision-making of the agency as finance and marketers think and behave very differently. A combination of their brainstorming where marketers are driven by creativity and finance is driven by numbers and budgets could lead to some amazing outcomes for both the client and the agency.


What according to you are the biggest threats facing the advertising agency business today?

In-housing and talent retention are two of the biggest pressures that agencies face today. The threat remains that a brand will bring certain functions in-house, leaving agencies without that business. Brands are in-house because they believe they can do better work in a cheaper, faster and more transparent way. The other big issue is around both recruitment and retention of talent. There has always been volatility for agencies around talent. 


What are the trends you are currently witnessing in advertising, and what is the role of a CFO in such a scenario?


The rapid emergence of AI and the increasing role of technology within business operations is the current trend. CFOs should follow a test-and-learn approach where with their ability they are ready to take a smart risk and foresee how certain trends will impact their business. 


They should encourage the team to begin taking steps now to experiment with AI, explore how technology can drive operational value for the business, and help them understand how internal talent is spending their time and how to maximise their value for the business. 


Read More: <a href="https://www.storyboard18.com/brand-makers/managing-your-mind-at-work-and-beyond-isnt-easy-it-takes-a-lot-of-maturity-and-wisdom-says-bajaj-autos-deepika-warrier-16913.htm">Managing your mind at work and beyond isn't easy; it takes a lot of maturity and wisdom, says Bajaj Auto’s Deepika Warrier</a>

CFOs breaking boundaries, crafting long-term strategies for organisational stability: Nidhi Mehta, GOZOOP Group

Anupam Mittal, the founder and CEO of People Group and Shaadi.com, and a prominent investor on Shark Tank India, is widely recognized for his strategic investments in renowned startups and unicorn companies such as Ola Cabs, BigBasket, Druva, among others. Mittal is also one of the leading voices to take on big tech firms like Google and Meta, slamming them for their "unfair" monopolistic practices in markets like India. 

On April 9, Meta "arbitrarily" disabled his company's account, prompting Mittal to call out the Mark Zuckerberg-led company on social media. Mittal also tagged Meta's India operations' head Sandhya Devanathan in the post. 

A frustrated Mittal said, "So, shockingly our Meta account was arbitrarily disabled this morning with nobody in the know or able to help, even at our scale. This is the dysfunction of Big Tech & monopolies, something hashtag#cci must take note of. Sandhya Devanathan" 

Netizens chimed in with sympathies and suggestions. Relating to Mittal's frustration users said Meta is "only sale no support" while some urged Mittal to assemble all the Sharks and create their own Made-in-India social media platform like X (formerly Twitter) and Facebook. 

When Mittal took on Google 

On March 1, Google announced it would remove apps from 10 Indian developers, including Shaadi.com, Naukri.com, jeevansathi.com, and Bharat Matrimony, from its Play Store in India for non-compliance with its billing policies. Among the most prominent voices that spoke out against Google's practices, was Anupam Mittal. 

“Today is a dark day for India Internet,” Mittal said as he came out hitting hard against Google’s action of delisting Indian apps. 

Mittal wrote on X, “Google has delisted major apps from its app store even though legal hearings are underway @CCI_India & @indSupremeCourt Their false narratives & audacity show they have little regard for India. Make no mistake - this is the new Digital East India Co and this #Lagaan must be stopped! Pls RT and #SaveOurStartups”.

<a href="https://www.storyboard18.com/brand-marketing/anupam-mittal-asks-is-google-evil-as-the-battle-between-google-and-indian-app-developers-rages-on-25363.htm">Read more: Anupam Mittal asks, "Is Google evil?", as the battle between Google and Indian app developers rages on</a>

<a href="https://www.storyboard18.com/brand-marketing/interactive-avenues-anupam-mittals-first-investment-as-an-angel-investor-25997.htm">Read more: Interactive Avenues: Anupam Mittal’s first investment as an angel investor</a>

Angry Mittal?: Anupam Mittal "shocked" after Meta disables his company's account

DTDC Express Ltd., a leading express logistics provider in India has elevated Abhishek Chakraborty as its Chief Executive Officer. In his new role, Chakraborty will continue to propel DTDC forward, solidifying its position as a front-runner in the logistics industry with the aim to drive substantial growth and innovation for the company.

Chakraborty said: “Encapsulating our direction of “Building a NextGen DTDC for GenNext DTDCians”,... together we will continue to foster a culture of shared success and excellence.”

Before assuming the role of CEO, Chakraborty led DTDC as Executive Director for 15 years. He played a pivotal role in establishing a strategic partnership between DTDC and Geopost (owned by La Poste). He also spearheaded the DTDC and Amarex partnership and introduced many initiatives like launching the MyDTDC app and introducing DTDCShipAssure™, DTDC’s 100 percent money-back guarantee service that enabled the company to achieve new heights. His strategic leadership expanded the company’s network to 16,000+ partners, serving 96 percent of India’s population and the larger South Asian diaspora globally.

DTDC operates India’s largest physically accessible express logistics Network and has over 16,000+ exclusive channel partners that contribute to its sales and service capabilities.

DTDC Express promotes Abhishek Chakraborty to the CEO position

MakeMyTrip has achieved a significant milestone in its two-decade-long journey by becoming accessible worldwide, the company said in an announcement this week. 

MakeMyTrip has now expanded its reach to over 150 countries, including major travel markets such as the UK, Germany, Japan, Italy, France, and others, besides the US and the UAE. 

“The rigorous standards of compliance and commitment to data protection we have in place for our Indian business helped us transition smoothly towards stringent international compliances,” said Rajesh Magow, co-founder and chief executive officer of MakeMyTrip.

“We are indebted to the trust and affection that we have received from Indian travelers for over two decades and continue to hold ourselves to higher standards and standard operating procedures (SOPs) on a regular basis. Our decision to make MakeMyTrip accessible globally is a result of this very goal – testing our processes against rigorous protocols across the world to enable our travelers to book or modify their travel purchases on the platform without any roadblocks wherever they are geographically,” he said.

MakeMyTrip said the platform has also ensured compliance with various international regulations, including the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), to accomplish this expansion.

Magow added, “Our global accessibility will help us reach the vast Indian diaspora. Importantly, this expansion will enable us to cater to a broader audience, fostering increased inbound travel to India. Our extensive coverage, offering accommodations in more than 2,000 cities, will assist international tourists in discovering the hidden gems of India.”




MakeMyTrip CEO on expansion in 150 countries: Global accessibility will help MMT reach Indian diaspora

When Storyboard18 asked Maruti Suzuki's Shashank Srivastava what interests him outside of work, he said, "My hobby is chess, and I make it a point to keep up with the latest trends in the game." He told us, "It not only helps me focus on something other than work, but also, chess is a great game which involves a lot of planning. It involves a lot of discipline." Discipline and planning are what he seems to have perfected at Maruti Suzuki India, a firm known for its meticulous planning and emphasis on discipline given the brand's Japanese lineage and influence. 

 
On March 27, the auto major elevated Shashank Srivastava from the position of Head – Marketing and Sales to ‘Member Executive Committee’. In many ways, it's an end of an era in the marketing world, as Srivastava moves on from his current role and into an advisory one as part of a core leadership group. 


Read More: <a href="https://www.storyboard18.com/watch-listen/media-dialogues-with-storyboard18-maintaining-continuity-in-change-maruti-suzuki-mindshare-drive-ahead-19528.htm">Media Dialogues with Storyboard18: Maintaining continuity In change, Maruti-Suzuki & Mindshare drive ahead</a>


A Maruti lifer, Srivastava is a leading figure in the Indian business and marketing world, having led the country's top carmaker as its sales and marketing boss for several years. Srivastava started his career at the automotive company in 1989. It was his first job after graduating from Indian Institute of Management, Ahmedabad (IIM-A). Holding a bachelor's degree in telecommunication and electronics engineering from National Institute of Technology (NIT), Bhopal, he joined IIM-A in 1987. Despite having offers from the Asian Paints and Larsen & Toubro (L&T), Srivastava was very clear that his path lay in the automotive industry and with Maruti Suzuki. 


Read More: <a href="https://www.storyboard18.com/brand-makers/maruti-suzukis-shashank-srivastava-it-is-crucial-to-celebrate-achievements-to-foster-a-positive-work-environment-15928.htm">Maruti Suzuki’s Shashank Srivastava: It is crucial to celebrate achievements to foster a positive work environment</a> 


Srivastava, the marketing maven who is an avid reader of books on science and especially quantum physics, has been a strong proponent for constant learning and adapting with the times. He emphasised empowering his team members through collaboration and communication. “My intention is to help others succeed and become leaders in their own right. True leadership is, therefore, not about being in charge but inspiring and guiding others to achieve their full potential,” he said. It is about creating a culture of continuous learning and development; “When we invest in our colleagues’ growth and development, we develop better leaders and build a more substantial organisation.” 


In a previous conversation with Storyboard18, when asked about a work and life hack he swears by, Srivastava had said,"Time boxing is a very powerful productive technique. What you do is you schedule specific blocks of time for different tasks. That's something which optimises efficiency. For a life hack, I would say, practice gratitude. It significantly improves one's overall well-being. If one is grateful for what you have, big or small, it helps you appreciate the good things, and makes you feel better." 


Read More: <a href="https://www.storyboard18.com/brand-makers/marutis-shashank-srivastava-on-why-indians-no-longer-need-to-kick-tyres-or-smell-leather-to-buy-cars-4932.htm">Maruti’s Shashank Srivastava on why Indians no longer need to kick tyres or smell leather to buy cars</a>

Maruti's former marketing boss Shashank Srivastava keeps this quote in his diary

Gangu Ramsay, cinematographer, filmmaker, and one of the seven Ramsay Brothers has passed away at the age of 83. Ramsay was known for producing horror films like ‘Purani Haveli’ and ‘Tehkhana’. 


In the 1970s and 1980s, Ramsay Brothers—originally known as Ramsinghani—began to make a string of B-grade films in the horror genre. The films, which highlighted vampires, werewolves, zombies, etc became popular for showcasing a mix of horror and erotica.


Gangu had also worked in television, with shows such as "The Zee Horror Show", "Saturday Suspense", "X Zone" and "Nagin" to his credit, as stated by a CNBC-TV18 report.


Some of his other films that he produced include Veerana, Bandh Darwaza, Do Gaz Zameen Ke Neeche.


In the book ‘In A Cult of Their Own: Bollywood Beyond Box Office’, writer Amborish Roychoudhury explained how each and every aspect of filmmaking was handled by the Ramsay brothers, highlighted an ET report.


Kumar penned scripts, Kiran composed sounds, Gangu was the cameraman, Keshu assisted with cinematography, and Arjun took care of post-production and editing. Direction was handled by Tulsi and Shyam, the report further stated.


Read More: <a href="https://www.storyboard18.com/brand-makers/unacademys-former-cmo-karan-shroff-joins-lightfury-games-as-ceo-28509.htm">Unacademy’s former CMO Karan Shroff sets up LightFury Games</a>

Gangu Ramsay, one of the seven Ramsay Brothers passes away at 83

Sanjay Nayar, a well-known name in the global financial markets and Founder and Chairman, Sorin Investment Fund, has taken over as President of the Associated Chambers of Commerce and Industry of India (ASSOCHAM). Nayar is married to Nykaa's CEO and founder Falguni Nayar.
 
Nayar brings an experience of four decades in global financial and capital markets, including 25 years at Citi and nearly 14 at KKR, before retiring last year. He established KKR India operations in 2009 after leaving Citigroup. At KKR, Sanjay led investments of around USD 14 Billion in Private Equity, Real Estate, Infrastructure, and Credit with Private equity being the largest at approximately USD 10 billion valuation. He has worked across senior leadership positions in Citigroup for 25 years in India, UK, and USA. He served as the CEO of Citigroup's Indian and South Asian operations and was a member of Citigroup’s Global Management Committee and Asia Executive Operating Committee.

He serves as a Non-Executive Director at the new-age E-commerce company NYKAA founded by him and his wife Falguni Nayar. He was recently appointed as a non-official member of the Board of Trade, Government of India, representing the private sector, and is a member of the National Startup Advisory Council. He is also a member of the Board of the US-India Strategic Partnership Forum (USISPF), the Governing Board of the Indian School of Business (ISB), a member of the Advisory Board of Habitat for Humanity, Chairman of Grameen Impact Investments India (GIII); and Founder – Board Member of Centre for Social and Economic Progress (CSEP).


Nayar said, "It is indeed a great honor for me to be elected as the President of ASSOCHAM, the apex institution with a history of over 100 years in its service to the Nation. During my Presidency, my ASSOCHAM colleagues and I will work closely with the government on the visionary goal of our Hon'ble Prime Minister Shri Narendra Modi for India to become a developed nation with a multi-fold increase in the country's per capita income and continuation of bold economic growth. I look forward to supporting the efforts being made by the industry to achieve the country’s sustainability goals." 


"India remains a bright spot in the global economy and we must leverage this position further. Given the recent success of Startup Mahakumbh led by ASSOCHAM, I look forward to catalyzing the startup culture backed by private and public savings”, he said.


“ASSOCHAM would continue to play a pro-active role in the endeavour of nation building. Aligned with its four growth pillars, I look forward to furthering efforts to facilitate the MSME segment, through improved financing and digitization. The Chamber would remain an active partner of the government in the policy formulations for inclusive growth with a sense of social responsibility", said Nayar.

 

Sanjay Nayar takes over as ASSOCHAM President

Raymond Ltd.'s board re-appointed Gautam Singhania as Managing Director for a five-year term starting July 1, 2024. This decision comes amidst a highly publicised divorce settlement dispute with his estranged wife, Nawaz Modi-Singhania.


The move follows the removal of Ms. Modi-Singhania from the boards of three Raymond-linked companies in April 2024. The couple announced their separation in November 2023 and the settlement dispute has garnered a lot of attention.


Despite the personal controversy, Raymond Ltd. highlighted Singhania's past achievements and leadership qualities in the regulatory filing announcing his re-appointment.


“Gautam Hari Singhania is a commerce graduate from the University of Mumbai. Mr. Singhania took over the reins of Raymond Limited as Chairman & Managing Director in September 2000. He has been responsible for the strategic decision of restructuring the Raymond Group, initiating the divestment of its noncore businesses of Steel, Cement and Synthetics,” the filing statement said, “Post divestment, the Group has consolidated its position with a focused market-oriented approach. The group has made enormous progress under the stewardship of Mr. Singhania and his vision is to take the Raymond Brand from being amongst the most respected Indian brands to being amongst the best in the global markets,” it added. 


“With a drive for creating new Brands, Singhania has taken active interest in the launch of new products and is successfully directing the Group towards sustained growth. Under the leadership of Mr. Singhania, the Group has made a remarkable foray into Real Estate business,” the statement said.


Read More: <a href="https://www.storyboard18.com/brand-makers/raymonds-sunil-kataria-elected-as-chairman-of-isa-15050.htm">Raymond’s Sunil Kataria re-elected as chairman of ISA </a>

Sahib Singh, who led Unilever as a national account manager, has joined SLN Coffee as chief executive officer. In his previous role, Singh was responsible for account management and business delivery for more than 30 Modern trade customers including More retail, Vishal Mega Mart, Star Bazaar and Spencer's retail.

Singh started his career at Unilever as a business leadership trainee and held various roles in different capacities. As the head of e-commerce, Singh was responsible for setting the eCommerce channel for Unilever Russia, Ukraine and Belarus. He also worked on digital Route to Market solution for Unilever Russia.

Read More: <a href="https://www.storyboard18.com/brand-makers/hul-appoints-vipul-mathur-as-executive-director-personal-care-takes-over-from-madhusudhan-rao-30619.htm">HUL appoints Vipul Mathur as Executive Director, Personal Care</a>

Anurag Gupta, who led ada, a marketing company as chief operating officer, has joined Womb Communications as chief executive officer.

Gupta, who started his career at Ogilvy & Mather, went on to work across DDB Mudra Group, WPP and Wunderman.

As the chief growth officer - Asia Pacific, Wunderman, Gupta hacked growth through setting up e-commerce practice in Asia Pacific, new business acquisition in China, India, Indonesia and worked with regional clients to expand group footprint.

As the chief operating officer at WPP, his responsibility was to integrate more than 25 WPP agencies in the region to grow WPP’s business, provide thought leadership in creating innovative agency models, and enhance core creative product by integrating the creative, digital, insight and media agencies on WPP’s biggest brands.


Read More: <a href="https://www.storyboard18.com/brand-makers/paytm-moneys-ceo-varun-sridhar-resigns-30599.htm">Paytm Money's CEO Varun Sridhar resigns</a>

Priyanka Khaneja Gandhi, who led Colgate-Palmolive India as Director - Integrated Brand Experience Lead at Colgate-Palmolive (India) Ltd, has moved on from the company, Gandhi confirmed the development with Storyboard18. She stated, "The journey at Colgate-Palmolive has been nothing short of glorious." Her next move, as of now is unknown.

Gandhi began her career at Starcom Worldwide, and went on to work at Madison Communications.

In her role as the associate director & head - integrated marketing communication & e-commerce marketing, Gandhi oversaw creative, media and digital functions for the company & all its brands to develop & deploy communication/brand solutions. As part of the same role, Gandhi managed the overall planning and deployment of all advertising spend to ensure maximum effectiveness of the communication to deliver brand KPIs, in the most efficient manner.

Read More: <a href="https://www.storyboard18.com/brand-makers/hul-appoints-vipul-mathur-as-executive-director-personal-care-takes-over-from-madhusudhan-rao-30619.htm">HUL appoints Vipul Mathur as Executive Director, Personal Care</a>

Varun Sridhar, who led Paytm Money, the wealth management platform of One 97 Communications Ltd, as chief executive officer, has moved on from his position. Rakesh Singh succeeds Sridhar as the CEO. Previously, Sridhar was the CEO at FinShell India (FinShell - An OPPO Group Company)

Sridhar began his career at ConvergeLabs Software Technologies and went on to work across Citibank, Deutsche Bank, Value Partners, BNP Paribas and FinShell.

As the head of individuals at international retail banking, at BNP Paribas, his role was to lead key business development projects and have strategic oversight for ‘Individual’ clients (consumer banking) in - Ukrsibbank in Ukraine (~500 branches), BGZ-BNPP in Poland (~500 branches), TEB in Turkey (~600 branches). 

Read More: <a href="https://www.storyboard18.com/brand-makers/paytms-cmo-sumit-mathur-quits-to-join-glanbia-performance-nutrition-as-country-head-28265.htm">Paytm's CMO Sumit Mathur quits to join Glanbia Performance Nutrition as country head</a>

Paytm Money's CEO Varun Sridhar resigns

Pradeep Parameswaran, who led Uber as regional general manager - Asia Pacific, has been promoted as global head of Uber for Business, Business Development and Fleets. 

He said, "While Fleets and BD are long standing passions of mine within Uber, especially in the APAC region, I’m excited to take the Uber for Business reins from Susan Anderson, another APAC Uber alum, who is moving to another exciting new role within Uber, leading our growth thrust in Grocery."


According to him, "Uber for Business has launched strong solutions to help businesses and their employees go anywhere and get anything. In just the last year or so, the team has built products to elevate the business travel experience and invested in supporting our clients’ sustainability goals. We’ve forged deals with auto dealerships, logistics companies, airlines, healthcare orgs, and more. 
Today, Uber for Business works with 200,000 customers globally, including over 60% of the Fortune 500."

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Parameswaran added, "I am equally excited to build Uber's capabilities to be the best platform for Fleets on Delivery and Mobility, including Autonomous Vehicles. We are the largest demand platform globally for Rides and Eats. We are keen to leverage this platform to also make Uber a strong partner for small and large fleets who can scale fast, streamline operations and be profitable with Uber's support."

He started his career at Hindustan Unilever and went on to work across A.T.Kearney Dallas, McKinsey and Company and DEN Networks.


Read More: <a href="https://www.storyboard18.com/brand-makers/fcb-ulka-names-hemant-shringy-as-the-new-cco-30574.htm">FCB Ulka names Hemant Shringy as the new CCO</a>

Uber elevates Pradeep Parameswaran as the global head - Uber

Special Olympics Bharat announces the appointment of V.K. Mahendru as executive director.

 
In his new role, Mahendru will oversee all aspects of the organisation and management, while also serving as a mentor. He has a B. Tech in Civil Engineering from PEC Chandigarh & subsequently acquiring a Diploma in Management. Mahendru began his career in ONGC as a Civil Engineer & held key positions such as Head, Corporate Sports, Head of Vigilance Department, Chief Corporate and Parliamentary affairs & finally as Executive Director, headed the regional office of Mumbai. 

 
V.K. Mahendru stated, "I am delighted to be appointed as the Executive Director of Special Olympics Bharat, an organisation extremely close to my heart. I am closely attached to sports and also to our Special Olympics athletes. I look forward to putting in my efforts, work, and efficiency that would lead towards the betterment and development of our organisation and our precious athletes.”

 
Mahendru comes with a background of experience in Table Tennis and Badminton during college education. In his capacity as of Head, Corporate Sports Division at ONGC between 2009 and 2014, he managed 22 disciplines, recruiting and grooming sportspersons. 


He has managed 400 National and international sportspersons including some cricketers such as Virender Sehwag, Virat Kohli, Ishant Sharma, Gautam Gambhir, Pankaj Advani (Billiards & Snooker) and Ashwini Ponnappa (Badminton) to name a few, with 30 sportspersons having won national awards. 

 
Mallika Nadda, President, Special Olympics Bharat, said, “Mr. V.K. Mahendru brings a great deal of experience and knowledge to our team. I am fully confident that his expertise, along with his capabilities and skills will further elevate the working of our organisation and the well-being of our athletes. We extend a warm welcome to him and greatly look forward to his upcoming contributions to Special Olympics Bharat.”


Read More: <a href="https://www.storyboard18.com/watch-listen/storyboard18-x-just-sports-i-why-are-brands-including-e-sports-in-their-sports-marketing-itinerary-132.htm">Why are brands including e-sports in their sports marketing itinerary?</a>

Special Olympics Bharat appoints VK Mahendru as executive director

FCB Ulka appointed Hemant Shringy as its new chief creative officer.

As chief creative officer, Shringy will be partnering closely with FCB Ulka CEO Kulvinder Ahluwalia to lead the FCB Ulka offices across the country. He will also be a key member of FCB Group India’s creative leadership, collaborating with leaders across agencies to continue to elevate the work across the network.

With more than two decades of experience, Shringy's influence inspires brands such as P&G's Ariel, Whisper, Gillette, Visa, WhatsApp and eBay to embrace distinctiveness, guiding them towards the pursuit of creative excellence, stated the agency.

On the appointment, Dheeraj Sinha, FCB Group CEO of India and South Asia, said, "Our focus on building a new-age agency demands fresh perspectives. At FCB, our goal is to unite top-tier creative talent and demonstrate that creativity serves as an economic multiplier. Hemant’s track record of delivering outstanding creative solutions, resulting in brand recognition and business expansion, positions him ideally as the creative helm for FCB Ulka."

"I'm so excited to join Dheeraj, Nitin, and Kulvinder, along with the entire team at FCB. I can't wait to create a great partnership with our clients that leads to creatively effective work. There is such tremendous work happening around the world, and I think when the right people come together, magic happens. I've seen it. And I have a great feeling about this,” added Shringy on joining FCB Ulka.


Read More: <a href="https://www.storyboard18.com/brand-makers/havas-india-elevates-nikhil-guha-as-executive-creative-director-30505.htm">Havas India elevates Nikhil Guha as executive creative director</a>

FCB Ulka names Hemant Shringy as the new CCO

 
Priya Barve has joined WPP as India’s Client Lead for Hindustan Unilever Limited (HUL). Barve brings over two decades of experience in advertising and marketing, and has held leadership roles with Google, Mondelez, and Leo Burnett across Asia-Pacific. She brings a rich and diverse perspective on communications and media, having worked on both - the agency and client side, as well as with tech platforms.

 
Barve is known for her insights and experience in consumer and digital landscape in emerging markets across Asia. Passionate about F&B, outside of work Priya is best known for having participated in MasterChef Asia in 2015. 


“A consummate professional, Priya brings a wealth of experience in aiding business success and digital transformation, as well as key local insights that needed to win in many Indias. HUL is one of WPP’s key clients, one with whom we have had the pleasure of working with for a number of years,” said WPP Chief Client Officer for India, Shubha George. 
 

“We are delighted to see Priya joining the team to lead such an important client relationship and look forward to driving further business growth and innovation together with Unilever,” George added. 
 


Priya Barve joins WPP as client lead for HUL

Girish Mathrubootham, who led Freshworks, a cloud based software-as-a-service company as the chief executive officer, has been transitioned to the position of executive chairman.

Dennis Woodside, who is the president, at Freshworks, succeeds Mathrubootham as the CEO.

Mathrubootham highlighted, "After spending almost 14 years since founding Freshworks as a tiny startup in Chennai to scaling it to be a global SaaS player and the first Indian SaaS company to list on the Nasdaq, I’m excited to announce that I’m stepping into a new role as Executive Chairman of Freshworks. Dennis Woodside, our President, will be our new CEO. Congratulations to Dennis today on his new role as CEO and President of Freshworks."

He added, "Going forward I will be spending more time on product vision and AI strategy, and I look forward to spending additional time with our product teams in India and customers globally."

Woodside stated, "Today I’m honored to step into the role of CEO at Freshworks. What Girish has created is truly special and I’m excited to build on what he started 14 years ago. Thank you, Girish, for your partnership and friendship over the last 18 months. We stand before extraordinary opportunities and have the right foundation to make them possible - a winning combination of our focus on delighting customers and our product innovation."

Mathrubootham started his career at HCL Cisco ODC, and went on to work across eFORCE, AdventNet and Zoho Corporation.


Bajaj Auto strengthens its leadership team; Abraham Joseph and Ramtilak Ananthan take up newer roles

Abraham Joseph takes over as managing director of the company's wholly owned subsidiary, Chetak Technology. And, Ramtilak Ananthan will take up the position of chief technology officer at Bajaj Auto.

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