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Tag: Amit Jain

  • Aseem Kaushik succeeds Amit Jain as L’Oréal’s new managing director for India

    Aseem Kaushik succeeds Amit Jain as L’Oréal’s new managing director for India

    Mumbai: L’Oréal announced the appointment of Aseem Kaushik as managing director for India on Monday. Kaushik took over for Amit Jain, who decided to retire at the end of the year.

    Jain will continue his association and assume the role of chairman for L’Oréal India to build on key stakeholder relationships in India.

    Since joining in June 2018 as country managing director, Jain, with 30 years of rich experience with renowned companies like ICI, Coca-Cola, Viacom, and Akzo Nobel, has held strategic leadership roles across the globe.

    During his 4.5-year tenure at L’Oréal, he doubled the growth of the company and took it to a position of strength, notably by building strong local leadership and evolving new digital capabilities to accelerate eCommerce.

    Speaking about his successor,  Jain said, “Kaushik was one of the pioneers who set up new businesses and laid the foundation for L’Oréal’s growth in India today. I am delighted to welcome him back after his assignments abroad and to hand over the reins to him. He is a born entrepreneur, and his transformative leadership will help take L’Oréal India to new heights.”

    Kaushik has been with L’Oréal for 27 years and has held many leadership positions within the group. He started his career in 1995 in the consumer products division of India, where he set up and expanded field operations. He then took on several leadership roles in the professional products division (PPD) and was instrumental in creating the modern salon industry in India and building a successful, sustainable business model with partners.

    Most recently, he led international teams in PPD; first in Asia Pacific (APAC) and then in the South Asia Pacific Middle East and North Africa (SAPMENA) zone, driving an ambitious online + offline transformation agenda for the professional hair industry of the future.

    “Jain leaves a strong legacy to follow. India is the next big frontier for the L’Oréal group, and I am looking forward to bringing the best of beauty and consumer experiences to a new connected world.  I’m excited to join a team of very talented people and keep creating a positive impact on the broader community,” said Kaushik.

  • 1 percent improvement in marketing capability fit is linked 2.5 percent increase in sales growth: MMA Global study

    1 percent improvement in marketing capability fit is linked 2.5 percent increase in sales growth: MMA Global study

    MUMBAI: As per a global study by MMA, a 1 percent improvement in marketing capability fit is associated with a 2.5 percent increase in sales growth and 2.35 percent increase in market value. Based on this insight, MMA has developed a structured approach by creating a capability fit map for organisations to evolve into winning marketing organisations. 

    MMA India, a part of MMA global hosted the 11th edition of its biggest marketing event “MMA Impact India 2022 – The Future of Modern Marketing” with key stakeholders across industries to champion the theme of enabling organisations to evolve into winning marketing organisations. 

    Popularly recognised as a credible marketing think tank that brings effective solutions for marketers, MMA also unveiled three informative reports titled “Brand Safety Reimagined: A Toolkit for the Modern Marketer”, “Modern Marketers Guide to Leveraging Data” and “Martech 2022 and Metrics that Matter” at the event. 

    The Digital Marketer Brand Safety survey 2022 revealed that while knowledge of brand safety guidelines exists, the implementation is weak in India. The Brand Safety Reimagined toolkit report is an initiative by MMA to highlight why brand safety and suitability need to be part of the marketer’s agenda and explains why it should be owned by marketing organisations. The Modern Marketers Guide to Leveraging Data and Martech report highlights that most organizations have 25 percent to 75 percent data aggregated in a unified data mart. However, many organizations lack the clarity of how unified data can help in improving the connected customer experience.

    In addition to these two toolkits, MMA also unveiled a white paper titled ‘Metrics that Matter’ which is an MMA India Board initiative with meta. It talks about two common key concerns: ‘What are the metrics that matter and must be measured?’ and ‘How do we measure the cross-media impact of advertising across all digital and non-digital media’?

    MMA India country head, board member Moneka Khurana said, “Our theme of Impact this year of evolving into a winning marketing organisation is more inevitable today than ever before. We are in an era of Digital Darwinism where technology and consumers are evolving faster than businesses can naturally adapt. 52 percent of companies on the fortune 500 list have become obsolete in the past 20 years. Evolving is no longer an option, it is a necessity to succeed. At Impact this year, we have unveiled a framework that helps businesses evolve with the ever-changing consumer”.

    MMA India board chair, L’Oréal India managing director Amit Jain said, “The interaction between consumers and brands has been evolving rapidly – it is closer, personal, powerful, and pervasive. Hence, the marketing function needs to be nimble and swift to effectively cater to this evolution. Winning Marketing Organisations need to keep customer value and company value at the heart of all their initiatives. To create a strong recall among consumers for your brand, effective storytelling is key. If you have a good story, there is no reason why a customer will not connect with your brand”.

    The sessions focussed on the tenets of engagement, experience and exchange -commonly referred to as the ‘3E’ formula to attract, acquire and retain the consumer through effective marketing. This year, at Impact 2022, leaders and experts are discussing, debating and having a constructive discourse on the aspects of the winning marketing organisation framework. It is a fresh take on strategies to retool the marketing field, so that brands can innovate on their product plans.

  • CarDekho appoints Sharad Saxena as CEO of used car business

    CarDekho appoints Sharad Saxena as CEO of used car business

    Mumbai: Homegrown auto-tech company CarDekho Group has appointed Sharad Saxena as CEO of the used car business. He will operate out of the company’s Gurugram office and will report to CarDekho Group CEO and co-founder Amit Jain.

    In this role, Saxena will oversee the pan-India used car business of the company, team development and work on strengthening the organisation’s business offering through retail and dealer relationships, said the company in a statement.

    “Sharad’s proven track record of scaling up varied businesses profitably in demanding circumstances, team development and strategic thinking will be immensely beneficial as we embark on CarDekho’s next growth phase,” stated Amit Jain. “His deep knowledge and expertise will enable us to supercharge the Used Car business while we continue delighting our customers.’

    With 16+ years of experience in various globally reputed organisations across a wide range of sectors, Saxena has built and nurtured several high-performing teams and businesses. He is a well-respected business leader with expertise in strategic business management, large-scale business transformation, and people leadership.

    Before joining CarDekho, he was working with McKinsey & Co India as a senior advisor serving large pharma and healthcare clients on business strategy, commercial excellence, and digital transformation. Before McKinsey, he was working with OYO Rooms as COO for their flagship hotels franchise business in South Asia. His other professional experience spans different marquee organisations (ITC Ltd, Max Healthcare, Ranbaxy) in various strategic capacities.

    He is an alumnus of IIT Delhi and IIM Ahmedabad.

    “I am very excited to be a part of the CarDekho Group and lead the used car team, which has achieved several milestones in the recent past,” said Sharad Saxena. “I look forward to working with the team to provide an exceptional experience to our customers, execute the organization’s growth plans and create exponential value for all the stakeholders.’

    With a presence in over 100 markets across India, CarDekho is on track to launch its flagship CarDekho Mall and mega refurbishment factories across multiple cities throughout the country, said the statement.

  • BharatPe ropes in Amit Jain as chief risk officer

    BharatPe ropes in Amit Jain as chief risk officer

    New Delhi: BharatPe on Wednesday appointed Amit Jain as its chief risk officer. A seasoned professional in credit risk and portfolio management, Jain will work closely with BharatPe’s co-founder and CEO, Ashneer Grover and BharatePe’s group president, Suhail Sameer, said the company.

    Prior to joining BharatPe, he was the chief risk officer for consumer lending at Bajaj Finance.

    Jain has over 17 years of experience in portfolio and credit risk management across consumer and SME lending, in renowned banking and financial institutions. During his stint of over nine years at Bajaj Finance, he held multiple roles including managing Risk for Personal Loans, Consumer Lending, Credit Card, EMI Cards and Payments, as well as Business Head for the EMI Cards Portfolio. Prior to Bajaj Finance, he held a senior role at SBI Cards in Risk, and Credit Policy team. He has also worked with Standard Chartered Bank and GE Capital.

     

    Commenting on the appointment, BharatPe co-founder and CEO Ashneer Grover said, “Talent at BharatPe is an amalgamation of Grade A operators with industry experience and passion to do things differently. Amit Jain joining us from Bajaj is a great validation for our lending business model and sets us up for building a high quality book at scale. I look forward to working closely with Amit to build a differentiated lending team and business with a wider set of products for our merchants.”

     

    The new appointment is part of the company’s larger goal to strengthen its leadership team. Earlier this year, BharatPe roped in PAYBACK’s former MD and CEO, Gautam Kaushik to lead the payments business, and Amarchand Mangaldas’ former partner Sumeet Singh as general counsel and head of corporate strategy.

    Talking about his new role, Jain said, “These are exciting times in the digital lending industry and I look forward to working with this incredible team at BharatPe and serving the credit needs of millions of unbanked and underserved merchants in the country. I believe, with my experience of leading risk and credit for several products in great institutions like Bajaj Finance, I would be able to make a meaningful impact at BharatPe, and therefore, in the lives of our merchants.”

  • Mayank Jain joins CarDekho Group as CEO – new auto business

    Mayank Jain joins CarDekho Group as CEO – new auto business

    MUMBAI: Auto-tech company CarDekho has further fortified its leadership team by appointing Mayank Jain as CEO of its new auto business. He will be responsible for strengthening the organisation’s new auto offering, and deepening engagement with OEMs, dealer network and other enterprise partners. He will operate out of the company’s Gurugram office and report to CarDekho CEO & co-founder Amit Jain.

    Mayank brings in rich experience of over 18 years working in technology, media and telecom sectors in India and Internationally. Prior to this, he was the CEO of the Hindi news cluster at Network18, where he managed a cluster of seven news channels. He has held leadership roles in sales, marketing, product management and strategy in companies such as Disney Star, British Telecom, Samsung, and HT Media.

    CarDekho Group CEO & co-founder Amit Jain said, “I am delighted to welcome Mayank Jain to the CarDekho family. Mayank is a highly reputed professional in the media world and has an impressive track record of scaling businesses across varied industries. His deep customer understanding, and expertise will enable us to design and provide the best auto-tech solutions to our partner customers.”

    Mayank Jain said, “I am delighted to join the CarDekho group and have the opportunity to work with one of the best teams in the auto-tech space. Our market leading portfolio of auto portals & platforms help customers buy cars, bikes, commercial vehicles and other products and services, whilst our suite of innovative solutions & technology enables auto manufacturers and dealers to build their brands and sell more.”

    Over the years, Mayank has made an enormous contribution across different industries. In the year 2019, he received the IMPACT 40 under 40 award for achievement in Media, Marketing and Advertising industry. He is a Computer Engineer and an MBA from INSEAD, and also holds a Post Graduate Diploma in Management from MDI Gurgaon.

  • Amit Jain named chairperson of MMA India board of directors

    Amit Jain named chairperson of MMA India board of directors

    MUMBAI: MMA, formerly known as the Mobile Marketing Association, has appointed L’Oréal India managing director Amit Jain as chairperson of its India board of directors.

    Jain succeeds Priya Nair, who is the executive director – beauty and personal care at Hindustan Unilever. Nair will move into a new role as chair emeritus of MMA India.

    “MMA has been doing stellar work in helping marketers use insights and tools to harness the convergence of marketing and technology to drive personalised and customised engagement, in line with evolving consumer needs and purchase behaviour. I am delighted to take on this role and lead MMA’s commitment to shape the future of marketing today by bringing brands closer to consumers through connected consumer journeys," Jain said.

    MMA India country head Moneka Khurana added, “Amit Jain’s business leadership, progressive outlook and experience in managing credible boards will help in shaping the future of Modern Marketing for MMA India at a time when it’s central to all marketers to drive business ROI, customer engagement and innovations.”

    MMA Asia Pacific managing director Rohit Dadwal said "Amit Jain’s deep knowledge of digital marketing in the 21st century will prove invaluable to the furthering of MMA’s mission in advancing modern marketing in India. I look forward to working with Amit and would like to thank Priya for her invaluable contribution and for paving the way forward.”

  • CarDekho to invest $20 million in the pre-owned car business

    CarDekho to invest $20 million in the pre-owned car business

    NEW DELHI: CarDekho will invest $ 20 million (approx. Rs 150 crore) in its used car business in the ongoing financial year.

    The Girnar Software owned venture plans to open 250 franchise stores this year and ramp up this network to over 1,000 retail locations by 2022. The franchise outlets would be branded CarDekho Trustmark stores.

    The used car market is seeing a surge in demand as buyers are increasingly preferring for personal mobility instead of public transportation due to Covid2019 scare.

    CarDekho co-founder, Amit Jain said, “There is a surge in demand for used cars as this pandemic has reinforced the need for a personal vehicle. In FY20, there were 1.3 used car transactions for every new car transaction. We see this number going well above 1.8 times in the current year as people prefer personal mobility at a lower cost. We are entering into the franchise business model for selling Trustmark cars with the aim of providing economical personal mobility solutions to people in the most transparent and hassle-free manner.”

    The pre-owned car market in India crossed 4 million units in size as the industry saw tailwinds post the GST rationalization to 12-18% and penetration of organized channels, said findings of the Indian Blue Book, compiled by Mahindra First Choice Wheels Ltd, released last year.

    The Trustmark stores will also provide on the spot Loans and insurance service along with RC transfer facility under one roof. Moreover, the evaluation report of every Trustmark car is transparently available on the website and any customer can see it and discuss it before buying.

    Announcing its foray, the company said it has launched its first franchise store for the sale of certified used cars in Jaipur. The next upcoming stores are planned in Delhi NCR and Bengaluru respectively.  

    The company already operates over 50 CarDekho Gaadi stores across India where it acquires used cars from their existing owners.

    Earlier in June, CarDekho reported that its digital platform saw a 99% recovery in customer traffic for used cars after the lockdown wherein cars in the ₹1-5 lakh range saw maximum traction.

  • L’Oreal India appoints Amit Jain as managing director

    L’Oreal India appoints Amit Jain as managing director

    MUMBAI: L’Oreal India has appointed Amit Jain as a new India managing director succeeding Jean Christophe Letellier who will shift within L’Oréal group after a five-year stint in the country.

    L’Oreal is one of the largest cosmetics company and has developed activities in the field of hair colour, skin care, sun protection and many others.

    Jain will join the company from August this year and will be the first Indian MD after the French cosmetics giant entered in 1991.

    L’Oreal South Asia Pacific Zone vice president Pierre-Yves Arzel said, “We believe that Amit’s rich global experience with a deep understanding of India, transformational leadership skills and inclusive personality will be an important asset in further developing L’Oréal’s business in India. His mission is to build on our rich talent base and global brands, to make L’Oréal India an engine for growth in Asia,”

    Prior to this, Jain was the managing director of North-West Europe for Akzo Nobel, based in Amsterdam. Jain has also worked in companies including Coca- Cola and Viacom.

    Under Jean-Christophe Letellier’s leadership, India saw significant sales growth, revolutionised digital and e-commerce platforms, and achieved ambitious targets in skill development and environmental sustainability.

    The company, which is almost synonymous with Bollywood actress and its brand ambassador Aishwarya Rai Bachchan in India, face competition from global rivals Unilever and Procter and Gamble

  • Virat Kohli becomes Uber India’s first brand ambassador

    Virat Kohli becomes Uber India’s first brand ambassador

    MUMBAI: Indian cricket team captain Virat Kohli has now become the face of Uber, the ridesharing app.

    Kohli is the brand’s first brand ambassador in India. This is a first of its kind initiative across the Asia Pacific region for the brand.

    Uber India and South Asia president Amit Jain said, “We are extremely delighted to sign on Virat Kohli to bat as the brand ambassador for Uber India. His commitment to India on and off the field is commendable—from bagging world titles for the country to advocating positive change-he is invested in making a difference to the community at large. In Virat, we’ve found a partner who reflects the drive we share with everyday India while embodying our commitment to serving the country. Today, we are the most-preferred ride-hailing service in this market and we will continue to invest and innovate in ways that will benefit our driver partners and riders.”

    Commenting on his association with Uber, Kohli said, “As a cricketer, I travel a lot and I have personally enjoyed the seamless experience of booking an Uber. It’s great to see how the company is using technology to revolutionise the way people move around cities and is empowering millions by creating economic opportunities. I am very excited to join hands with a company that is so committed to the people and cities that it operates in.”

    Besides being the face of the brand, Kohli will be actively involved in a series of marketing and customer-experience initiatives to be rolled out by Uber India.

    Uber India and South Asia head of marketing Sanjay Gupta added, “Virat is the embodiment of India’s ambitions on the world’s stage; he anchors the aspirations of billions and it’s the little things he does that bring joy to their lives. It’s this balance of purpose with a larger responsibility to citizens of the world that makes him the perfect partner to realising Uber’s commitment to India.”

  • Demoted Zee exec Samir Ahluwalia calls it a day

    Demoted Zee exec Samir Ahluwalia calls it a day

    MUMBAI: After the confirmation of the exclusive news of the demotion of a top Zee executive published in Indiantelevision.com in June this year, his descent was a foregone conclusion.

    The exit of Zee Business editor Samir Ahluwalia two months after your portal broke the demotion news has now been confirmed. Ahluwalia today officially called it a day after 19 years of association with Zee Media.

    Sources stated that Ahluwalia received several warnings from ZEEL chairman Dr. Subhash Chandra in the past for his connection with the case of alleged extortion of Rs 100 crore from a company owned by industrialist and former MP Naveen Jindal.

    In a townhall meeting at Zee a few months ago, the editor was hauled up by Chandra’s confidante, Amit Jain. The latter reportedly reminded Ahluwalia about his job becoming unsafe due to this case.

    Ahluwalia had also spent time in Tihar Jail as he is also an accused along with news anchor Sudhir Chaudhary in the extortion case.