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Tag: chief financial officer

  • Eureka Forbes strengthens its board of directors & leadership team

    Eureka Forbes strengthens its board of directors & leadership team

    Mumbai: Eureka Forbes (EFL), India’s leading health and hygiene brand, has announced the appointment of Shashank Shankar Samant as a non-executive independent director. Also, Shubham Srivastava has been roped in as chief product and technology officer, and Gaurav Khandelwal has been brought in as chief financial officer.

    Samant is currently the chairman of GlobalLogic, following his retirement as president and CEO on 30 September. Under his leadership, GlobalLogic has experienced explosive growth in size, reach, and revenue, all while developing a strong reputation and a culture that fosters engaged employees.

    Prior to this, Samant was president of Ness Technologies, where he founded and built their product engineering services business and grew it to a successful IPO on the Nasdaq exchange in 2004. He has worked in leadership roles at leading technology organisations like IBM and Hewlett-Packard. Samant also serves as a member of the board of directors at Office Depot.

    Srivastava will drive digital transformation at Eureka Forbes. A seasoned tech product entrepreneurial leader with strong business acumen, he will be responsible for building the technology platform and products that will drive digital transformation at EFL.

    Prior to this, Srivastava was the chief technology officer for Hindustan Times Digital Streams, where he drove their digital transformation, helping them become one of the top digital media brands in the country. He has also worked with organisations like MakeMyTrip (India’s biggest OTA), iTrust (a fintech start-up acquired by Karvy), and Aricent (a telecom software company), and has founded Tekch, a SAAS platform for operating commercial real estate. Academically, he has a B. Tech. in Computer Science and Engineering from IIT, Dhanbad.

    Srivastava says, “I look forward to working with the team to produce innovative solutions that will drive digital transformations at Eureka Forbes.”

    Khandelwal will be leading the finance, commercial, legal, and secretarial functions of Eureka Forbes. He is a chartered accountant with two decades of experience in India, the United States, and the United Kingdom. Prior to joining the Eureka Forbes leadership team, he has worked in the FMCG, telecommunication, and hospitality sectors with organisations like Hindustan Unilever, Airtel, and Oyo Hotel and Homes. He holds the CA rank and has extensive experience in business transformation and driving profitable growth.

    Khandelwal says, “It is an honour to be associated with an iconic brand like Eureka Forbes. I look forward to working with the team to further build on the foundations of the company and to take Eureka Forbes into its next phase of competitive and profitable growth.”

    Welcoming Samant, board chairman Arvind Uppal said, “I extend a warm welcome to Samant. His experience in the digital ecosystem will provide strategic guidance in this area. In addition to Samant, it is an honour to share the board with industry stalwarts, including recent additions like Gurveen Singh and Vinod Rao. With Gurveen’s expertise spanning over four decades in talent development and HR solutions and Vinod’s global experience of over three decades across the FMCG/consumer durable industries, I am confident that Eureka Forbes is well poised for transformation.”

    Advent International India managing director Sahil Dalal said, “Samant with his strong background in technology and digital, will bring in strategic thinking on the technology and digital roadmap. His joining further strengthens the board as we seek to transform Eureka Forbes. With the amalgamation of experienced industry veterans on the board and pedigreed professionals in management, Eureka Forbes is all set to strengthen and fortify its market leadership position.”

    Eureka Forbes managing director and CEO Pratik Pota said, “I am delighted to welcome Srivastava and Khandelwal to the Eureka Forbes family. Their leadership and contribution will be invaluable in driving the transformation at EFL.”

  • 9X Media’s Bhupendra Makhi starts his new innings as CEO

    9X Media’s Bhupendra Makhi starts his new innings as CEO

    Mumbai: The largest music broadcaster, 9X Media has elevated Bhupendra Makhi to the position of chief executive officer (CEO). The new role allows him to spearhead strategic business developments for the company. His vivid experience will facilitate strengthening the company’s objectives and focus on areas to build business for the long term. Having a proven track record of producing excellent results, he will focus to embark on a new journey and take 9X Media to a higher level of growth by engaging audiences through its disruptive content.

    Bhupendra brings extensive knowledge of the financial sector as well as an impressive track record in the media & entertainment industry.

    During his long tenure with 9X, Bhupendra was also the company’s chief financial officer (CFO), having risen through the ranks from vice-president of finance. He has been with the company since 2007.

    Commenting on his elevation as CEO, Bhupendra Makhi said, “I am grateful to our investors and the board for entrusting me with this role. 9X Media has reached an important stage, having met significant milestones, and achieving positive performance. We remain highly encouraged and I look forward to continuing to work closely with all the teams for the benefit of the company and creating value for our stakeholders.”

  • Kunal Lakhara promoted as chief financial officer of Pocket Aces

    Kunal Lakhara promoted as chief financial officer of Pocket Aces

    Mumbai: The digital entertainment company, Pocket Aces, has elevated Kunal Lakhara to the new position of chief financial officer. Prior to this, Kunal was the vice president of finance & operations and a key member of the executive leadership team at the company.

    Kunal joined Pocket Aces in 2017 as one of the earliest leaders in the management team, and has helped spearhead tremendous growth at the company, including $75 million raised in equity and debt across Pocket Aces and the company’s gaming arm Loco, and the successful spin-off of Loco into a separate entity in July 2021.

    He leads a team of 10 that manages investor reporting, cash flow management, bank relationships, lawyer relationships, audit, production finance, brand copyrights, IP rights, and legal matters at Pocket Aces.

    Kunal has a rich experience of over 16 years in the fields of finance and accounts, with an overall eight years spent building the finance domain in well-regarded startups such as Citrus Pay, which was acquired by Naspers in 2017.

    Kunal started his career with Citigroup in its investment banking team, helping clients raise money through equity and debt instruments. Kunal is a chartered accountant and graduated with a first class degree in finance from Mumbai University.

    Commenting on his new role, Kunal Lakhara said, “I am humbled and thrilled to take up the new role as the Chief Financial Officer of Pocket Aces. It has been a fantastic journey so far working with Aditi on the company’s mission of solving boredom. It is a proud moment to see how the company has grown from length to length in these years, and I’m truly thankful for all the support and hard work of my team members. I look forward to making significant contributions to further scaling Pocket Aces.”

    Commenting on the appointment, Pocket Aces co-founder and CEO Aditi Srivastava said, “Kunal has been a trusted partner and friend, instrumental to our growth from an early stage startup in 2017 to now becoming the biggest new age media player in India. His function is like an army-if his team maintains the right checks and balances, the rest of us can sleep peacefully at night. With Kunal in this new role as our Chief Financial Officer, our focus is to demonstrate a hugely profitable new age media company that benefits all stakeholders, including audiences, talent, employees, clients, and investors.”

  • Ixigo onboards Rahul Gautam as group CFO

    Ixigo onboards Rahul Gautam as group CFO

    Mumbai: Travel app ixigo has announced the onboarding of Rahul Gautam as group chief financial officer. He will replace former group CFO Ravi Gupta, who has resigned due to personal reasons.

    Rahul brings considerable experience in capital markets, corporate finance, and business advisory and will be leading the finance function for ixigo with a specific focus on corporate finance and corporate development, mergers and acquisitions, public markets and investor relations, growth, risk management and financial reporting.

    Rahul has held various leadership roles, most recently serving as senior vice president – finance at PVR Ltd, where he was responsible for various roles including corporate finance and mergers and acquisitions. Prior to this, he has worked with organisations such as SBI Capital Markets Ltd, Religare Capital Markets Ltd and Deloitte Haskins and Sells. 

    Rahul holds a bachelor’s degree in commerce (honours) from the University of Delhi. In 2004, he also became a member of the Institute of Chartered Accountants of India.

  • iTV Network appoints RK Arora as group CFO

    iTV Network appoints RK Arora as group CFO

    Mumbai: iTV Network has announced the appointment of RK Arora as group chief financial officer (CFO). In this role, he will report to the network’s board. 

    A chartered accountant by profession, Arora has formidable experience in finance, distribution, overall operations and formulating strategies for the organisation. 

    “It is a nice moment to come back to iTV network. With so much change and disruption unfolding in the news industry, this is an opportune time to work with increased focus on growth and innovation,” stated RK Arora on his new assignment.

    Arora is armed with leadership experience of around two-and-a-half decades in news broadcasting, spanning the entire spectrum from strategic vision and planning to execution. He has previously held various senior executive positions with various media houses like ZMCL, News Nation, India News, News 24, and India TV.

    “We believe that the market is evolving rapidly, throwing up unique opportunities. Arora’s mandate is to leverage the strengths of the news network even while retaining unwavering focus on each individual channel brand,” said iTV Network founder Kartikeya Sharma. “He  brings with him enviable leadership and depth of experience and will be of immense value to the network.”

  • Zee Learn appoints Anish Shah as chief financial officer

    Zee Learn appoints Anish Shah as chief financial officer

    Mumbai: Zee Learn on Tuesday announced the appointment of Anish Shah as chief financial officer (CFO).

    Shah is a chartered accountant with more than two decades of experience. He has experience across various industries like fin-tech, telecommunications, airlines and manufacturing. His functional experience includes various areas of finance like finalisation of Accounts, IND-AS, business finance, MIS, FP&A, budgeting, accounts payable, cash flow management, SAP automation, cost optimisation, financial modeling etc.

    Shah’s last work experience was with IL&FS Securities as its chief financial officer. Before that, he was with Jet Airways as head of financial controls. At Jet Airways. Shah was responsible for FP&A, business finance and cost optimisation.

    Prior to joining Jet Airways, he was with Reliance Jio as general manager (finance, compliance and accounts). There he was responsible for project and operations budgeting, preparing business plans, business commercials, SAP implementation, and automation.

  • FarEye appoints Manoj Rathi as chief financial officer

    FarEye appoints Manoj Rathi as chief financial officer

    Mumbai: FarEye, a global SaaS platform transforming last-mile deliveries, has announced the appointment of Manoj Rathi as its chief financial officer. 

    Rathi brings over 27 years of experience in leadership roles at Genpact, Grofers, BirlaSoft, DXC Technology, NIIT, etc and was recently associated with Dalmia-OCL.

    He has been involved in several M&A transactions & integration and spearheaded finance transformation, process re-engineering & digitisation initiatives. He has built ‘high-performance’ teams across the globe and driven excellence by enabling, empowering and motivating team members towards achieving optimal results. 

    Rathi has worked in the IT services space for almost 20 years, as well as  e-commerce and manufacturing sectors with Indian & foreign multinationals managing the global finance, taxation, legal and secretarial functions. 

    “I am delighted to welcome Manoj to the FarEye management team. He is a seasoned leader and brings remarkable experience with a proven track record of results-driven leadership. His appointment will contribute to our next phase of expansion, pushing our mission to make logistics better for everyone,” said FarEye CEO and co-founder Kushal Nahata.

    Rathi’s appointment comes at a time when FarEye is expanding its business across the globe. The company plans to increase its strength by over 1,000 in the coming year, said the statement.

    Speaking about his appointment Manoj Rathi said, “I look forward to working with FarEye’s team to actualise their vision and take it to the next level of excellence.I am quite confident that we can develop and execute new plans to drive the company’s growth to new highs.”

  • ZebPay appoints Tarun Jain as chief financial officer

    ZebPay appoints Tarun Jain as chief financial officer

    Mumbai: Homegrown crypto-asset exchange ZebPay has announced the appointment of Tarun Jain as its chief financial officer (CFO).

    In this role, Jain will shape the strategic and long-term financial direction of ZebPay’s business. He will work closely with the leadership team to scale the organisation and its systems for the next phase of growth, said the statement.

    Some of the key focus areas for Jain include planning, implementing, and managing all financial activities of the company. In addition to business planning, he will also be responsible for budgeting, forecasting, and leading strategic business negotiations, the company stated.

    “We welcome Tarun to the ZebPay Ohana (family). We have been working very hard to democratise crypto assets and with Tarun on board, we are spearheading the growth journey,” said ZebPay Co-CEO Avinash Shekhar. “Tarun’s varied experience in different sectors brings the resilience and acumen needed to help ZebPay reach the last mile of India and make crypto-assets a common name in the households. We are looking forward to this change.”

    With more than 17 years of experience as a chartered accountant with various startups and MNCs, Jain possesses strong expertise in financial management, investor relations, fundraising, strategic planning, commercial negotiation, and risk management, the company said. Before joining ZebPay, he was working with Lithium Urban Technologies as CFP, after having succeeded in several leadership positions in organisations such as Zoomcar, Herman Miller, and Warner Bros.

    “I am looking forward to supporting the development of ZebPay’s business and its suite of industry-first products for crypto investors in India,” said Tarun Jain on his new role. “ZebPay is on a path to becoming the foremost crypto player in India and I am glad to be leading the financial and strategic direction.”

  • Plum bolsters leadership team with two new appointments

    Plum bolsters leadership team with two new appointments

    Mumbai: Beauty brand Plum has bolstered its leadership team as it plans to deepen its omnichannel network across geographies, expand its product offering across newer segments and drive business transformation. The company has brought on board Shivani Behl as chief marketing officer and Gaurav Sarda as chief financial officer.

    The new appointees will work closely with founder and CEO Shankar Prasad to further accelerate the growth of brand Plum, said the statement.

    “We are thrilled to welcome Shivani and Gaurav to our core leadership team as we embark on our next phase of growth,” said Prasad. “Their values, skills, and expertise will complement the functional strength of our current top leadership team. Together, we look forward to shaping the company into something we all can be proud of.”

    Behl brings with her over 15 years of diverse experience across sales and marketing and has worked on building iconic brands across retail, FMCD, and beauty industries. She has held leadership positions at Lakme Lever, Shoppers Stop, and Reliance Brands.

    At Plum, she will be responsible for scaling growth across the levers of brand and marketing, partnerships, community culture and engagement, and product innovation. “It is an interesting juncture for D2C beauty brands and Plum in particular. I believe Plum’s potential is unlimited, and look forward to working with the entire Plum team to build and accelerate the brand’s momentum in the months and years to come,” stated Behl.

    Sarda has rich experience of more than 14 years, he last served at Marico Ltd as head – manufacturing commercial. At Plum, he will work closely with the rest of the senior leadership team to drive and grow the company’s financial and development strategy. “As the company continues to scale, I look forward to leveraging my background to implement the next phase of operational excellence and further strengthen the strong financial foundation, aligning it to the rapid growth and enabling overall business excellence,” said Sarda on his new role.

  • UdChalo appoints Abani Kant Jha as CFO

    UdChalo appoints Abani Kant Jha as CFO

    Mumbai: udChalo, a consumer tech company focusing on Indian defence personnel and their dependents, has announced the appointment of Abani Kant Jha as chief financial officer.

    In his role, Jha will contribute to strategy formulation in alignment with the organisation’s long-term objectives and goals, planning and management of company resources to maximise ROI, identifying cost-saving projects and leading the treasury of the organisation for effective deployment of funds, said the company in a statement.

    He will lead a team of tax experts, consultants, and the finance team at udChalo and play a key role in bringing investments for the next growth phase of the organisation, it added.

    Welcoming Jha on board, udChalo CEO Ravi Kumar said, “We are confident that his expertise in global finance will benefit us to have better financial operations, identify risks, and setting up processes to mitigate them.”

    Jha comes with 25 years of industry experience. In his most recent role, he was with Jindal Flims as director of business operations & CFO. He was previously associated with companies like EaseMyTrip, Aditya Birla Group, Koutons, DP World and Reliance Industries, where he held significant roles and handled global positions at leadership levels. 

    On his appointment, Jha stated, “I believe udChalo has a great business model and talented management team that uniquely positions it to capitalise on the changing environment. I look forward to working with the team.”