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Tag: Vikas Purohit

  • Vikas Purohit named CEO new business ventures at The Times of India

    Vikas Purohit named CEO new business ventures at The Times of India

    MUMBAI: The Times of India (BCCL) has appointed Vikas Purohit as CEO new business ventures, entrusting him with spearheading new growth initiatives. In this role, he will identify high-potential business opportunities, craft strategic plans, and lead execution to build scalable, profitable ventures.

    Purohit brings a wealth of experience, having previously led Meta India’s small business group, supporting over 10 million enterprises. He has also served as CEO of Tata CLiq Fashion and held key management positions at Amazon Fashion, Reliance Brands, and Aditya Birla Fashion & Retail.

    An alumnus of IIT BHU with a PGDBM from IIM Bangalore, Purohit’s expertise in digital commerce and retail makes him a formidable force in business innovation.

  • Tata CLiQ Luxury & American Express tie up to dominate luxury market

    Tata CLiQ Luxury & American Express tie up to dominate luxury market

    MUMBAI: Tata CLiQ Luxury and American Express have inked an exclusive partnership aimed at premium and aspiring clientele of luxury experiences. This first of its kind strategic partnership between a global payments company and Tata CLiQ will capitalise on the demand for trusted and secure shopping experiences, especially with contactless shopping gaining prevalence and preference over the past year.

    Throughout the year, both brands will introduce initiatives to encourage luxury consumption across India, including access through the pan India distribution reach of Tata CLiQ Luxury. The partnership will offer unique experiences and thoughtfully curated services for American Express’ premium customers which include bespoke shopping experiences, access to stylish events, thought leadership gatherings, white glove delivery services, a dedicated concierge desk and unique privileges and including membership of Tata CLiQ Luxury’s exclusive by-invite-only privilege program – the Select Club.

    Special offers will be introduced to increase trials, services to promote online adoption of high-ticket purchases and conversations with taste makers around luxury trends. Additionally, centurion and platinum card holders will receive access to shopping on Tata CLiQ Luxury in a manner second to none. For example, the company said, Tata CLiQ Luxury will create a behind the scenes access to a special American Express desk for preferred / privileged customers.

    Tata CLiQ CEO Vikas Purohit said, “At Tata CLiQ Luxury, we are committed to nurture and foster the luxury market in India. It gives us immense pride to partner with American Express in bringing the best to Indian consumers. We aim to provide luxury consumers with benchmark (contactless) luxury experiences irrespective of where they reside. Our overall purpose is to make luxury accessible in hassle free manner and enable the luxury ecosystem in India take the leap.”

    American Express Banking Corp India, SVP & CEO Manoj Adlakha said, “Various industry reports peg India’s luxury market at $50 billion in 2020 and growing at 15 per cent plus annually. As a brand catering to premium lifestyle expectations, we are continually innovating and investing in capabilities and partnerships to enhance our card members’ experience. We are focused on delivering exclusive access and experiences to our card members, and this partnership with Tata CLiQ Luxury will further strengthen our suite of offerings. Providing a seamless omni-channel experience is critical for brands to build engagement and loyalty as customers increasingly crave experiences which foster connections and digital solutions that make their personal and professional lives easier.”

    Traditionally, demand for luxury retail has been in the main metros. With this partnership, both Tata CliQ Luxury and American Express will work together to enable luxury households across the far reaches of the country to enjoy iconic global and Indian luxury brands and labels.

  • Paytm hires ITC’s Varun Khullar as head of partnerships – payments bank

    Paytm hires ITC’s Varun Khullar as head of partnerships – payments bank

    MUMBAI: Paytm has hired former ITC executive Varun Khullar for its payments bank business. 

     

    Khullar will lead the partnerships division and will be responsible for building relationships with potential partners such as insurance companies, banks and non-banking financial institutions.

     

    Prior to joining Paytm, Khullar, an alumnus of IIT Madras and Indian School of Business, Hyderabad, worked with companies like Boston Scientific Corporation, McKinsey & Co and ITC. 

     

    Paytm vice president Amit Sinha said, “We are looking at building a robust leadership team for our Payments Bank business over the next three – four months. Varun’s professional career, his rich experience and demonstrated dynamism in an evolving business eco-system is the perfect combination for us at this juncture. We’re pleased to have him on board to head the partnerships division of our upcoming business.”

     

    Khullar added, “Paytm’s proposed Payments Bankis in sync with the national vision of a cashless economy with greater financial inclusion for all. It is indeed an honour to be a part of this vision. I’m thrilled to come on board at one of the fastest scaling m-commerce and payments platforms in the country and look forward to a mutually successful tenure at Paytm.”

     

    Khullar’s appointment comes three weeks after Paytm brought Amazon India’s Vikas Purohit on board in a similar leadership position for its Payments Bank. The company aims to recruit 3,000 people for the business and has also enlisted the services of management consulting majors, Ernst & Young and McKinsey& Co to help in the rollout.

  • Best Deal TV ties up with Amazon.in

    Best Deal TV ties up with Amazon.in

    MUMBAI: The newly launched home shopping channel Best Deal TV has partnered with e-commerce giant Amazon.in. Through this, customers will get an opportunity to buy a variety of celebrity backed fashion and lifestyle products on Amazon.in platform too.

     

    Amazon Fashion, India head Vikas Purohit said, “Our exclusive tie-up with India’s first celebrity home shopping channel, Best Deal TV reinforces our vision of transforming the way India sells and buys. We believe that tele-shopping and online shopping will work in synergy for Indian consumers, giving them more and varied selection of products and purchase options. We look forward to delighting our customers across the country with our offering of wide and unique selection at low prices and fast delivery experience.”

     

    Best Deal TV CEO Raj Kundra added, “We are delighted to launch our products exclusively on India’s largest online store, Amazon.in and help consumers buy not just celebrity endorsed products but also affordable quality products from Best Deal TV selection on Amazon India. Reaching out to the consumers in every nook and corner of the country with exclusive brands especially endorsed by celebrities is now possible with Amazon India.”

     

    The fashion and jewellery collection includes Shilpa Shetty’s designer Slim Shape Jeans, her very own line of sarees, Satyug Mangalsutra bracelet, Neeta Lulla’s sarees and Anushka Dandekar’s line of jeggings. The platform will soon launch Akshay Kumar’s exclusive AK clothing range and many more just a click away. The beauty and lifestyle selection includes products from other Bollywood and famous celebrities like Akshay Kumar’s Twist Head-phones, Neha Dhupia’s hair extensions, Farah Khan’s air loc containers, Bipasha Basu’s suggested air fryers, celebrity endorsed and owned mobile phone brands, TV’s and many more such exciting and innovative products.