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Tag: Atul Singh

  • Raymond appoints Atul Singh as EVP, to lead the Group

    Raymond appoints Atul Singh as EVP, to lead the Group

    MUMBAI: Textile, apparel, retail & real estate conglomerate, Raymond has announced the appointment of Atul Singh to lead the Group. As Raymond is gearing to mark its centenary year in 2025, the company is on a transformation journey by strengthening its leadership by bringing diverse experience on board, it said in a statement.

    The nomination and remuneration committee of Raymond has recommended Singh’s appointment as executive vice-chairman to the Board of Raymond Ltd subject to and post securing necessary regulatory clearances.

    Singh comes with diversified experience of over 35 years of leading multi-billion dollar businesses across several geographies globally. Singh worked at Coca-Cola for about two decades in several senior leadership positions and concluded his journey there as chairman of Asia Pacific and spearheaded businesses across 25 countries. 

    Before joining Coca-Cola, Singh worked at Colgate-Palmolive for 10 years where he held several leadership positions globally. His last stint at Colgate-Palmolive was country manager, Nigeria.

    Commenting on the appointment, Raymond chairman & managing director Gautam Hari Singhania said, “I have always believed in the philosophy of demarcating ownership and management that brings in global expertise & good governance. Raymond is at an inflection point and has embarked upon the journey to be a future-ready organisation to achieve profitable growth and value unlocking. As we are headed to complete 100 years of our existence, strong leadership for the organisation will propel us to scale up our businesses both in domestic and global markets. With his impeccable track record, I am confident that Atul will lend his expertise for Raymond to sustain and grow in each of the businesses we operate.”

    In his new role, Singh said “Raymond is one of the most reputed home-grown brands from India and has enormous growth potential. It is very exciting to be part of the transformation journey and lead the organisation to its centenary year. I look forward to contribute and chart out a growth path for the organisation and shareholder value creation.”

  • Salman Khan back as Thumps Up brand ambassador

    MUMBAI: Salman Khan has returned as brand ambassador to promote Coca-Cola‘s soft drink brand Thumps Up in India.

    The Bollywood actor had endorsed the brand for a while prior to 2003.

    The beverage major has also signed an agreement with ‘Being Human‘, the Salman Khan Foundation, to jointly promote, conceive and execute charitable and social activities.

    Coca-Cola India and South West Asia president and CEO Atul Singh said, “Salman‘s appeal cuts across age groups and socio economic strata, just like Thums Up. The brand‘s core values of masculinity, adventure, thrill and excitement will further be amplified by Salman‘s association and will help us take the brand to the next level.”

    As an ambassador, Khan will be associated with consumer activation and marketing programmes for the brand. He will also be working with the company to promote Career Development Centres, school education and other programmes jointly conceived by the two parties.

    Khan said, “I look forward to this partnership with Thums Up, a soft drink that I have grown up with. I am also excited at the association between Being Human and Coca-Cola India, where the two organisations will work together on community welfare projects.”

  • Venkatesh Kini elevated to Coca-Cola India SVP

    MUMBAI: Venkatesh Kini, currently VP-marketing – Global Juice, has been appointed as the senior vice president for India region.

    To ensure complete and end-to-end focus on the business, all the three core pillars of business growth — Franchise Leadership, Consumer Marketing and Customer and Commercial Leadership — will report to Kini.

    Additionally, Neeraj Garg, currently VP providing franchise leadership support to Company Owned Bottling Operations (CBO) in India will assume the responsibility of SWA region and Juice business.

    Both these executives will report to Coca-Cola India and SWA Business Unit , president Atul Singh.

    The changes in the designation are a part of realignment of the company‘s operating structure.

    Coca-Cola India and South West Asia Business Unit comprising key markets – India, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives has announced a new operating structure in keeping with its business priorities.

    Effective 1 October, the Business Unit will organise around two major operating regions: India region and South West Asia (SWA) region constituting of the potential markets of Bangladesh, Sri Lanka, Nepal, Bhutan and Maldives.

    “India is one of the key growth markets for The Coca-Cola Company and the Business Unit‘s role is critical to the Company achieving its 2020 Vision. We have been growing for the last 24 quarters and the India market is now amongst the top 7 markets for the Company. As we move into the next phase of our journey, we have a solid foundation and necessary momentum in our business. This is the time to take the next step in our evolution. We now need to have the scale and resources to capture latent growth across the Business Unit. Also, keeping in mind the market realities, we need to be more responsive and have a sharper and deeper focus on our business. The new structure lends us stability and robustness and positions us well to capture the latent growth in our markets” Singh said.

    “Kini and Neeraj are proven business leaders and I look forward to partnering with them and the rest of my leadership team, Company owned bottling partner (Hindustan Coca-Cola Beverages Pvt. Ltd) and the franchise bottlers as we continue our journey towards our 2020 Vision”, Singh added.

    This announcement does not impact Hindustan Coca-Cola Beverages Pvt. Ltd, the Company owned bottling operations in India.

    Kini is serving the company since over 14 years now. He has more than 20 years of experience in India and US, in marketing, sales and general management roles.

    Vikas Chawla who will assume the responsibility of VP- operations, providing franchise leadership support to the company owned bottling operations (CBO) and to all the franchise bottlers in India, will report to Kini.

    The Emerging Markets business led by Sanjiv Gupta and Commercial Beverages business led by Shourov Mukherjee, will also report to Kini. To continue focus on retailer training and capability building, through the Parivartan program and other similar initiatives, the Coca-Cola University led by R. C. Datta too will report to Kini.

  • Coca-Cola to invest $2 bn in India

    Coca-Cola to invest $2 bn in India

    MUMBAI: Coca-Cola will splurge $30 billion over the next five years starting 2012, out of which India‘s share is $2 billion.

    Coca-Cola and its bottling partners in India will invest in consumer marketing and brand building, innovation, expansion of distribution and cold drink equipment placement as well as further development of manufacturing capacity to meet growing consumer demand.

    India is a strategic growth country for the company, ranking among its top 10 markets in volume globally and is the largest market in the Eurasia and Africa Group. The aim is to make India one of the top 5 coke markets by the end of this decade.
     
    Coca-Cola is looking at doubling its India revenues this decade.

    Coca-Cola president Eurasia and Africa Group Ahmet C Bozer said, “India is one of our most important growth markets as we work toward our 2020 Vision of doubling system revenues and servings this decade. The opportunity in the packaged beverage segment is immense, and our efforts in India are focused on being the beverage of choice all day, every day. If we continue to do the right things each day and at all times, it would not surprise me if India becomes one of the top five markets for the company globally by the end of this decade.”

    Coca-Cola has already invested over $2 billion in India since it re-entered the country in 1993. The investments announced today by Coca-Cola will further catalyze economic growth and create new opportunities for the local community. 
     
    Coca-Cola India and South West Asia president and CEO Atul Singh said, “This investment is a part of our long-term commitment to invest in innovation, partnerships and a portfolio of brands that will enable us to grow our business in a sustainable and responsible way. In addition to our infrastructure and capabilities, the new investment will also focus on enhancing the consumer experience, building brand loyalty and contributing to environmental sustainability and community development. Our India business has been growing at a robust rate over the last five years, and our goal is to continue this growth momentum. The country‘s demographics, economic and social parameters are all huge drivers of growth and we have to ensure that we capitalize on the opportunity.”

    The Coca-Cola company has continuously registered volume growth in India for the past 21 quarters, 15 of which have seen double-digit growth.