Category: Regulators

Mumbai: Triumph International, the Swiss lingerie brand and a global leader in the intimate apparel industry, has announced the appointment of Ankur Damani as the commercial director for India & Sri Lanka. In his new position, Damani will play a key role in driving growth for Triumph Lingerie by developing a robust business strategy aimed at boosting sales and maximising retail net profit in the Indian market.

This strategic move emphasises the brand’s commitment to establishing a strong foothold within India’s lingerie and innerwear market. Damani, an experienced business leader who has demonstrated exceptional leadership in various retail categories, including athleisure, golf, handbags, sports, and fashion, possesses a proven track record of successfully launching and scaling consumer brands across multiple channels, with a deep understanding of global best practices and international markets.

Bringing over 18 years of experience across a diverse range of international and Indian brands, Damani will spearhead efforts to achieve three-fold growth in the coming years. He will be responsible for overseeing annual revenue and P&L driving Triumph’s next chapter of growth in India and Sri Lanka.

Prior, he was the country head of Le Creuset, the prestigious French premium cookware brand, where he played a significant role in expanding the brand’s presence through retail, wholesale, e-commerce, hospitality, and corporate channels.

He started his career at Reebok, where he spent five years driving retail operations, sales, and key account management. Notably, he was a key stakeholder in rolling out Adidas Global Retail Training & SOPs in India.

“I look forward to collaborating with Triumph’s brilliant leadership team. Our category traditionally speaks to how women look. How it fits the body. How it enhances or eases. But we are capturing how women want to feel, beyond physical expectations or needs. This is the most intimate part of anyone. We understand that everyone needs a different solution, and we are here to deliver for that very reason. I am excited for my new role and will focus on our unified vision is to be seen as the most desirable lingerie brand in India,” said Ankur Damani.

An esteemed industry professional, Damani has also been recognised with several accolades, including the BW Retail 40 Under 40 award by Business World and the Topmost Retail Minds – CEO Award by the Asia Africa GCC Retail & Shopping Centre Congress & Awards.

He holds a degree in B. Com (Hons) from St Xavier’s College Kolkata, followed by an MBA (Marketing) from IMT Ghaziabad in 2006.

Mumbai: Edelweiss Tokio Life Insurance, a new-age life insurance company, has appointed Saba Adil as its chief human resource officer. She will be responsible for driving the organization’s people strategy, and work closely with the Leadership team to attract, develop, and retain talent to build an inclusive, growth-oriented culture.

Edelweiss Tokio Life Insurance MD & CEO Sumit Rai said, “We are excited to welcome Saba to the Leadership Team and look forward to continuing our work on building an employee-centric organization where our People can thrive. With Saba’s impressive experience, I am certain we will see significant improvement in organizational capabilities, which will bring us closer to the long-term goals set for our company.” 

Adil said, “Edelweiss Tokio Life has the right business and people fundamentals in place with a clear leadership direction of being a profitable and sustainable organization. I am looking forward to build on that foundation to encourage people to learn, grow, and innovate with the company. We want to keep building an organization which fosters an inclusive environment for its People and promotes an emotional connect with the company.”

Adil has 25 years of experience in HR and has additionally handled business roles in operations, customer service, risk, and marketing. Before Edelweiss Tokio Life, Adil has held leadership positions at Raheja QBE GI, Avanse Financial Services, Aegon Life Insurance, and MGL.   

Mumbai: The board of Tata Capital Housing Finance Limited (TCHFL), the subsidiary of Tata Capital Limited, has onboarded Sarosh Amaria, as the managing director- TCHFL with effect from 18 July. Amaria joins after having served as the managing director of Tata Capital Financial Services Limited (TCFSL) for over three years.

He has a rich experience of over 25 years with the Tata Group. He joined Tata Capital as part of its founding team in 2007 and played a pivotal role in setting up and growing the Commercial and SME Finance Business catering to a wide spectrum of corporate and SME customers.

He subsequently took over as managing director of TCFSL and under his leadership the business witnessed significant expansion and growth in profitability across Retail, SME & Commercial segments.

Speaking about the appointment, Tata Capital Limited managing director and CEO Rajiv Sabharwal said, “Under Sarosh’s leadership, we look forward to bolstering our housing finance portfolio. Given the depth and breadth of his knowledge, I am confident TCHFL will go from good to great. We thank him for his immense support in transforming the TCFSL business and wish him all the best in his new role.”

Mumbai: Wavemaker (part of GroupM), India’s most awarded media agency has announced a series of key strategic changes to its leadership team to continue its dominant position in the industry and boost growth.  

Wavemaker chief strategy officer Premjeet Sodhi will be soon taking on the role of global head of measurement & analytics. In his new role, Sodhi will be part of Wavemaker’s Global Consultancy team which supports clients in adopting future-proofed marketing practices to advance transformative growth, protecting outcomes in the near-term, and creating disproportionate advantage in the long-term. Sodhi will report into Anna Hickey, global consultancy lead and will be based out of New York. A media veteran with over 25 years of rich experience, Sodhi joined Wavemaker in 2020 as chief growth officer before taking on the role of Chief Strategy Officer.

Taking on the baton from Sodhi, Mansi Datta will transition into chief strategy officer. Datta, a proficient leader has been heading North & East region operations at Wavemaker since 2020. Datta joined Wavemaker as general manager in 2015. During her stint, Datta has built great client partnerships, bolstered agency operations, and built an incredible team.  

Wavemaker chief client officer & office head – West Shekhar Banerjee will be taking on the additional responsibility of managing North & East for Wavemaker India. Banerjee joined Wavemaker in 2018 to lead operations for the West region and has built an incredibly strong business.  He has built a world class team that has delivered an exceptional product to our clients. Under Banerjee’s leadership, Wavemaker West has grown from strength to strength, doing great work, winning awards, and consistently winning new business.

Speaking on these leadership changes, Wavemaker CEO – South Asia  Ajay Gupte said, “It makes me extremely happy and satisfied to see our leaders stepping into larger & diverse roles within the ecosystem. I firmly believe, Wavemaker provides a vast stimulating platform for our people to grow. With these changes, I am confident we will make a massive difference to our clients and people. I wish Premjeet, Mansi & Shekhar all the best in their new roles and I am confident we will continue to create more positive disruptions in the industry.”     

In their new roles, Datta and Banerjee will report into Gupte.

Mumbai: The Ajeenkya DY Patil Group is pleased to announce Taruna Maheshwari as the new chief executive officer (CEO), marking a significant milestone in the Group’s four-decade legacy. With this appointment, Maheshwari becomes the first woman to hold the prestigious CEO position within the Group. ADYPG, a diversified conglomerate with a turnover of five thousand crores, operates across various sectors including K12 and higher education, healthcare, hospitality, and infrastructure.

Dr Ajeenkya DY Patil, Chairman, stated, “Taruna’s invaluable leadership skills and strategic acumen make her a remarkable addition to our team. With her wealth of experience, compelling vision, and exceptional track record, she is the perfect fit to lead the group. As we embark on our journey of digital transformation, global expansion, and ambitious growth, we are confident that she will position the group for long-term success”.

Taruna’s impressive 16-year tenure with the group as the Group Chief Finance Officer has been truly instrumental. Her qualifications as both a chartered accountant and a cost accountant (ICWA) have equipped her with 23 years of valuable post-qualification experience spanning Education, MNC, Real Estate, and Infrastructure sectors.

In recognition of her outstanding financial acumen and innovative approach, Taruna was honoured with the prestigious Woman CFO ‘Innovation Leader of the Year Award’ at the Indian CFO Summit in 2021. This accolade further solidifies her expertise in formulating adept financial strategies, encompassing evaluation, forecasting, cost accounting, cash management, metrics analysis, and hands-on leadership.

Reflecting on this significant milestone, Ms Taruna Maheshwari expressed, “I am incredibly proud and deeply honoured to transition to this new role at the Group, which has a long and respected history. The Group has maintained a remarkable growth trajectory over the years. I intend to further exemplify this through strategic vision, empathetic culture, and operational excellence. I look forward to working with our Chairman to reinvent the group radically and reinforce its leadership position in the sectors we operate”.

The Ajeenkya DY Patil group is looking forward to a power-packed year, with new developments and expansions in the education and healthcare sectors. Adding to the same, Dr Ajeenkya stated, “In an era of Industry 4.0, burgeoning digital technologies, the Group has set its sights on online education in the form of GoSchool, an online school and GoLearn, an online continuing education provider. It is keenly expanding its DY Patil International School franchise operations to cover the length and breadth of the country. With our four upcoming hospital projects in Mumbai, Pune and Delhi, we are well-positioned to establish a new model of affordable, high-quality healthcare. With new hospitality projects about to be commissioned the group is developing large-scale real-estate development projects in Pune”.

In a new era of growth and innovation, ADYPG celebrates the paramount collaboration of the entire group and the visionary leadership of the new CEO, forging a path towards a better and brighter future.

Mumbai: Hindware Home Innovation Limited, one of the fastest-growing consumer appliances companies in India announced the appointment of Salil Kapoor as the chief executive officer (CEO), effective 11 July.

In his new role, Kapoor will lead the consumer business overseeing both Consumer Appliances and Retail divisions along with the water heater JV with Groupe Atlantic of France. His focus will be on fostering profitable and sustainable growth, while elevating the company’s market position in line with the long term objectives of the Group. As an industry veteran in consumer durables, his expertise in market expansion, innovation, and building strong customer relationships will be instrumental in further strengthening Hindware Home Innovation Limited as a key player in the industry.

With a career spanning over three decades, he brings a wealth of diverse experience, having held leadership positions at leading industry brands such as LG Electronics, Samsung, Microsoft, Dish TV, and Voltas. His last assignment was as the business unit head of appliances Business Unit at Orient Electric.

Speaking of the announcement, Hindware Home Innovation Limited chairman and managing director Sandip Somany said, “I am delighted to welcome Salil Kapoor as the new CEO. We are deeply committed to making Hindware Home Innovation a leading consumer appliance brand and offer our customers high-end innovative products. He is an exceptional business leader with an excellent track record across multiple leading companies in the consumer goods industry. His experience and profound understanding of the consumer appliance industry aligns well with our growth ambitions.”

Commenting on his appointment, Kapoor said, “I am thrilled to join Hindware Home Innovation Limited, one of the most consumer-focused appliances companies in the Indian market. With disruption being the new norm, HHIL is leveraging deep consumer insights and the latest technology to offer differentiated and best-in-class products that can add value to fast-evolving consumer lifestyles. I look forward to collaborating with the highly talented team and committed partners to leverage our collective strengths and further build on the company’s success, explore new avenues for growth, and deliver exceptional value to our customers and stakeholders.”

Kapoor is an Engineer and also holds a Master’s degree from the Faculty of Management Studies, New Delhi. He also contributes to the industry as an Executive Committee Member at the Consumer Electronics and Appliances Manufacturers Association (CEAMA) and serves as a Member of the Board of Directors at the Electronics Sector Skills Council of India (ESSCI).

Mumbai: Michelin today announced the appointment of Shantanu Deshpande as managing director for Michelin in India. Deshpande will be based out of Pune, India.

Across his 23-year tenure with Michelin, Deshpande has held various leadership roles in sales and marketing, both in India and in other geographies such as North America, Africa, Middle East and Asia.

Deshpande joined Michelin India in 1999 as an area sales manager. He was appointed India marketing director in 2007 and in this role, he was instrumental in establishing the company’s presence in the country.

From 2012 to 2015, Deshpande served as vice president marketing with a Michelin subsidiary in North America.  He was director marketing B2B business for Africa, India & Middle East Region from 2015  to 2020. Since 2020, Deshpande served as global marketing director for Michelin Group’s Urban Business Line based out of Bangkok.

Mumbai: WION presents season two of ‘Billion Dollar Idea’: charting the extraordinary stories of individuals building big businesses, India’s premier international news channel, WION, is thrilled to announce the highly anticipated season 2 of its talk show, ‘Billion Dollar Idea,’ hosted by news anchor and entrepreneur, Jasper Reid. With 12 highly engaging episodes, the new season aims to inspire and empower viewers in pursuit of bigger dreams.

‘Billion Dollar Idea’ Season 2 delves into the rapidly evolving landscape of Indian business, exploring both traditional and disruptive enterprises by talking to experienced and emerging entrepreneurs as well. The show provides an intimate glimpse into the personal journeys and motivations of its notable guests, sharing their successes, setbacks, and the stories behind their remarkable achievements.

Season two introduces a revamped format, featuring in-person and on-location interviews with Jasper Reid (the founder and CEO of International Market Management) engaging in informal chats with guests who have founded or lead enterprises valued at $1.0 billion or whose firms have the potential to become ‘Unicorns.’

Episode 1 of ‘Billion Dollar Idea’ Season 2 goes live on Sunday, 16 July 2023 and features thought-provoking conversations with Anish Achuthan, co-founder of Open Money, India’s 100th unicorn, as he shares candid insights into making his #BillionDollarIdea a reality.

WION chief business officer Madhu Soman commented on the approach of Season 2, saying, “With the second season of Billion-Dollar Idea, we plan to dig deeper and unpack the method behind the madness. And Jasper, with his slightly irreverent and freewheeling style, has this uncanny ability to get the mind behind the money to open up while keeping things conversational yet compelling.”

Jasper Reid, entrepreneur, and host of the show added “An entrepreneur’s journey is never easy. It requires unwavering zeal, the courage to face failure, and the willingness to take risks and handle uncertainty. As I explore the struggles and triumphs of each of the 12 entrepreneurs, I hope their stories will inspire many others in the future.”

WION – The World is One News, renowned for its comprehensive analysis of global issues, has amassed a subscriber base of over seven million on YouTube. The channel consistently outshines many Indian English News channels, including India Today, NDTV, and Times Now, in terms of monthly viewership on digital platforms.