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Tag: Pradeep Parameswaran

  • Uber appoints Prabhjeet Singh as president of India, south Asia

    Uber appoints Prabhjeet Singh as president of India, south Asia

    NEW DELHI: Ride-hailing platform Uber on Thursday said it has elevated Prabhjeet Singh as president of India and south Asia operations. In his new role, Singh will oversee the next phase of growth in the company's mobility business and ensure safety of riders  and drivers across India, Sri Lanka and Bangladesh, a statement said.

    Singh was previously serving as director operations (India and south Asia) and head of cities. "I'm delighted to announce that Prabh is replacing me as Uber's new president for India and south Asia, one of our fastest growing and most strategic markets. Prabh is a passionate and innovative leader and has been instrumental in helping build Uber from the ground up and established our category leadership in the ride-sharing market," Uber regional general manager for Asia Pacific Pradeep Parameswaran said.

    Singh said, “I’m thrilled to have been given the responsibility of leading Uber in India and south Asia, and look forward to collaborating with exceptional teams and gifted colleagues across the Uber family to strengthen our services and product offerings. Uber is an integral part of the fabric of our cities and as they start moving again, we have prioritised the highest standards of safety, sustainability, and service that our riders and drivers expect of us.’’  

    Recently, other key south Asian leaders have also been elevated to wider, regional roles. Former India SA president Pradeep Parameswaran is now the regional general manager APAC.

    Singh, an IIT-Kharagpur and IIM-A alum, joined Uber in August 2015 from McKinsey and Co where he was an associate partner. He will be supported in his new role by a seasoned regional leadership team.

  • Uber India appoints Manisha Lath Gupta as head of marketing

    Uber India appoints Manisha Lath Gupta as head of marketing

    MUMBAI: Uber India has announced the appointment of Manisha Lath Gupta as the head of marketing for India. She will take over from Sanjay Gupta, who will soon move to Uber US and Canada in a new role. This announcement follows the recent appointment of Pavan Vaish as the head of central operations.

    Manisha Lath Gupta will oversee marketing initiatives for rides and eats business for India South Asia. A seasoned marketer, entrepreneur and leader, she comes with over 20 years of experience across consumer goods, banking, ecommerce, and fintech. Over the course of her career, she has conceptualised and executed brand campaigns, driven digital performance and has run a successful start-up.

    Uber India and South Asia president Pradeep Parameswaran commented on the new appointment, “In line with Uber’s India growth strategy, we continue to build and strengthen a team of industry experts who appreciate the impact of ridesharing and drive innovation for a better tomorrow. We are delighted to have Manisha join us as Uber’s marketing head. We would also like to thank Sanjay for being a thought partner and for helping build a strong, diverse and engaged marketing team. His movement to the US & Canada team underlines India’s position as a talent exporter and we wish him the best for his new role.”

    Manisha Lath Gupta, said, “I am extremely thrilled to be part of Uber’s India journey as it continues to transform mobility and make meaningful impact. I look forward to develop deeper brand engagement and add innovative solutions to the marketing mix.”

    Gupta started her career with Unilever in India, where she spent close to eight years (1997-2004) and another six years (2004-2010) across two different roles at Colgate Palmolive. Later, she successfully transitioned to the banking industry as the EVP & chief marketing officer at Axis Bank.

    She turned full-time entrepreneur in 2014, with her start-up venture IndianArtCollectors.com, an e-commerce portal for original Indian contemporary art, which she had founded in 2005 as a moonlighting venture and was acquired by NDTV in 2015.

  • DEN Networks to de-merge broadband biz; consolidate cable TV enterprises

    DEN Networks to de-merge broadband biz; consolidate cable TV enterprises

    NEW DELHI: With an aim of creating a distinct identity for each of its enterprises, major multi-satellite operator Den Networks Ltd to merge 23 subsidiaries in the cable business and to de-merge its broadband business into a wholly owned subsidiary.

    The Board of Directors has granted in-principle approval for the changes following corporate action subject to regulatory and shareholder approval.

    The aim is to strengthen the single brand leading to a stronger market presence, providing customers with a seamless on-board experience, and removing any other brand perceptions and distinctions in customers’ minds.

    The structure will result in economies of scale and reduce administrative and regulatory compliances and a more focused operational effort, realising synergies in terms of compliance, governance, administration and cost synergies.

    The de-merger of broadband will enable a focused attention on the Internet Service Provider business and achieve structural and operational efficiency, enhanced competitiveness and greater accountability besides accelerating value creation for shareholders, the company said.

    Furthermore, the separation will allow DEN to aggressively focus on the significant growth potential for high speed data and related services in India.

    DEN also intends to take the lead in driving wire line broadband penetration in India.

    DEN Networks CEO Pradeep Parameswaran said, “We are focused on creation of a distinct identity for each of our businesses and the recent in-principle board approval is a step in this direction. This corporate structure will strengthen the  brand while also giving us an opportunity for shareholder value creation.”

  • DEN Networks to de-merge broadband biz; consolidate cable TV enterprises

    DEN Networks to de-merge broadband biz; consolidate cable TV enterprises

    NEW DELHI: With an aim of creating a distinct identity for each of its enterprises, major multi-satellite operator Den Networks Ltd to merge 23 subsidiaries in the cable business and to de-merge its broadband business into a wholly owned subsidiary.

    The Board of Directors has granted in-principle approval for the changes following corporate action subject to regulatory and shareholder approval.

    The aim is to strengthen the single brand leading to a stronger market presence, providing customers with a seamless on-board experience, and removing any other brand perceptions and distinctions in customers’ minds.

    The structure will result in economies of scale and reduce administrative and regulatory compliances and a more focused operational effort, realising synergies in terms of compliance, governance, administration and cost synergies.

    The de-merger of broadband will enable a focused attention on the Internet Service Provider business and achieve structural and operational efficiency, enhanced competitiveness and greater accountability besides accelerating value creation for shareholders, the company said.

    Furthermore, the separation will allow DEN to aggressively focus on the significant growth potential for high speed data and related services in India.

    DEN also intends to take the lead in driving wire line broadband penetration in India.

    DEN Networks CEO Pradeep Parameswaran said, “We are focused on creation of a distinct identity for each of our businesses and the recent in-principle board approval is a step in this direction. This corporate structure will strengthen the  brand while also giving us an opportunity for shareholder value creation.”

  • DEN Networks appoints Sanjay Jain as group CTO

    DEN Networks appoints Sanjay Jain as group CTO

    NEW DELHI: DEN Networks has appointed Sanjay Jain as group chief technology officer (CTO) and will lead the company’s technical verticals of both cable and broadband.

     

    Jain brings about 25 years of experience in cable, satellite communications, broadband and telecom companies.

     

     Jain joins DEN from Bharti Airtel where he was working as the CTO for Upper North handling technical operation of wireless and wireline telecom network of four yelecom circles. At Bharti Airtel, he also worked as CTO for the DTH business and propelled Airtel DTH into leadership position by focusing on technological innovation while in parallel, keeping an equal thrust on the quality of customer experience and driving execution excellence.

     

    He has previously held senior leadership positions with HFCL group, IBM, Reliance Infocomm, Spectranet and Shyam Antenna in senior leadership roles with a focus on building long-term strategies, driving technological innovation and sustaining process excellence.    

                   

     DEN CEO Pradeep Parameswaran said, “It is our pleasure to welcome a veteran professional like Sanjay to our fold .His immense experience will help us build technology platforms that will further strengthen our leadership position, I look forward to his contribution in the critical sphere of technology and customer experience as we embark on a trajectory of rapid growth in digital cable and broadband internet and transform ourselves into a B2C brand.” 

  • Den Network reports 11.5% growth in FY-2015 cable subscription revenue; posts loss

    Den Network reports 11.5% growth in FY-2015 cable subscription revenue; posts loss

    BENGALURU: Den Networks Ltd reported that its cable business subscription revenues net off LCO share grew 11.5 per cent to Rs 966 crore in FY-2015 from Rs 866 core in FY-2014. In the current quarter, cable business subscription revenues net off LCO share grew 13 per cent to Rs 252 crore from Rs 223 crore in Q4-2014.

     

    Note: 100,00,000 = 100 lakh = 10 million = 1 crore

     

    Including LCO share, Den Networks cable business subscription revenues grew 3.6 per cent to Rs 1093 crore in FY-2015 from Rs 1055 crore in FY-2014. Cable business subscription revenues including LCO share in Q4-2015 declined seven per cent to Rs 265 crore from Rs 285 crore in Q4-2014.

     

    In FY-2015, Den Networks reported loss of Rs 144.01 crore as compared to a profit of Rs 38.40 crore in the previous year. Loss in Q4-2015 was Rs 61.15 crore as compared to a profit of Rs 10.05 crore in the corresponding year ago quarter. Loss in Q3-2015 was slightly higher Rs 62.60 crore

     

    Den Networks says that it added 10 lakh set top boxes (STB) in FY-2015, taking the total STBs deployed to approximately 70 lakh. It says further that its current digital subscriber base in Phase 1 and 2 stood at approximately 51 lakh.

     

    Let us look at the other numbers reported by Den Networks

     

    Den Networks TIO in FY-2015 at Rs 1129.64 crore was 1.2 per cent more than the Rs 1116.69 crore in FY-2014. TIO in Q4-2015 at Rs 270.30 crore was 10.5 per cent lower than the Rs 301.86 crore in Q4-2014, but 0.6 per cent more than the Rs 268.81 crore in Q3-2015.

     

    Total expense (TE) in FY-2015 at Rs 1223.18 crore was 27.2 per cent more than Rs 961.92 crore in FY-2014. TE in Q4-2015 at Rs 323.79 crore was 20.3 per cent more than the Rs 269.18 crore in Q4-2014 and was 2.2 per cent more than the Rs 316.75 crore in Q3-2015. 

     

    The company’s content cost in FY-2015 at Rs 454.52 crore was 22.3 per cent more than the Rs 371.73 crore in FY-2014. Content cost in Q4-2014 at Rs 139.13 crore was 38 per cent more than the Rs 100.85 crore in Q4-2014 and 26.4 per cent more than the Rs 110.06 crore in Q3-2015.

     

    Den’s EBIDTA (without considering other income) in FY-2015 at Rs 92.41 crore was much lower than the Rs 302.17 crore in FY-2014. Q4-2015 EBIDTA was negative Rs 5.97 crore in Q4-2015 as compared to an EBIDTA of Rs 73.18 crore in Q4-2014 and EBIDTA of Rs 0.28 crore in the immediate trailing quarter.

     

    Company Speak

     

    Den Networks CEO Pradeep Parameswaran said, “We are laying the foundation of building a powerful consumer franchise in broadband, cable television and television shopping. Significant investments are being made to bring disruptive consumer offerings to the market. We are augmenting our historical strength in cable operations with high quality talent in all functions. Besides focus on internal changes, I am also hopeful of a stronger collaboration with LCOs’ and other industry partners to take steps for successful execution of digitisation process thus supporting the government push towards digital India. Our excitement in the scale of opportunities and our ability to capture it continues to remain strong.”

     

    “We have seen positive results on subscription revenues and collections in Q4 of the current year. The profitability has been impacted because of the new business initiatives of the company including broadband, TV Shop and Football as we build Den Networks for the future,” added Parameswaran.

  • DEN Networks gets new CEO in Pradeep Parameswaran

    DEN Networks gets new CEO in Pradeep Parameswaran

    MUMBAI: Multi system operator (MSO) DEN Networks has roped in Pradeep Parameswaran as its new chief executive officer (CEO). The position was left vacant after SN Sharma, one of the founding members of DEN Networks quit in September 2014.

     

    Parameswaran   joins   DEN  from McKinsey  and  Co  where  he  was  a partner  and  was  leading  the telecoms,  media  and  technology practice  in  India  and  of  the  operations  and  technology  function  within  telecoms,  media  and technology in Asia.

     

    He holds an engineering   degree from   Mumbai   University   with a Masters in Management Studies from Jamnalal Bajaj and an MBA from Vanderbilt University in the US. Besides McKinsey, he has also worked with Hindustan Unilever and AT Kearney.