Top Trending Appointments News & Highlights
FICCI President-Elect Anant Goenka for 2025–2026
Anant Goenka, the vice chairperson of the RPG Group, has been named the Federation of Indian Chambers of Commerce and Industry's (FICCI) 2025–2026 president-elect. A significant leadership change in one of India's oldest and most significant business chambers was announced on Tuesday.In addition to being the Vice Chairperson of RPG Group, a diverse Indian industrial conglomerate with interests in industries like infrastructure, IT, healthcare, and tires (CEAT), Anant Goenka is currently the Senior Vice President of FICCI. Within the RPG Group, Goenka, a third-generation business executive, is renowned for spearheading digital transformation and modernizing processes. He graduated from Northwestern's Kellogg School of Management and the University of Pennsylvania's Wharton School. A generational change and the increasing impact of young industry leaders in influencing India's policy and economic discourse are signaled by his appointment as FICCI president-elect. The incumbent FICCI President and Vice Chairman & Managing Director of Emami Group, Harsha Vardhan Agarwal, will be replaced by Anant Goenka. Second-generation businessman Harsha Vardhan oversaw FICCI during the 2024–2025 term. Under his direction, FICCI made a substantial contribution to business-government cooperation by concentrating on MSME reforms, exports, ESG, and inclusive growth.One of the most well-known business associations in India is the Federation of Indian Chambers of Commerce and Industry, or FICCI, which was established in 1927. Additionally, it is essential to Participating in policy debates on behalf of Indian industries Talking about economic reforms with the authorities Encouraging global trade alliances putting together prestigious events such as the India Innovation Summit, FICCI Frames, and FICCI Flo
Published 16 Oct 2025 05:25 PM
Dan Katz was named the first deputy managing director of the IMF.
Dan Katz joins the IMF as First Deputy Managing Director on October 6, 2025, bringing a wealth of global finance and U.S. Treasury experience.The International Monetary Fund (IMF) Executive Board authorized Dan Katz's nomination as its First Deputy Managing Director on October 3, 2025, with effect from October 6, 2025. IMF Managing Director Kristalina Georgieva made the nomination, which comes at a crucial moment as the world economy negotiates intricate changes in inflation, trade, and geopolitics. With a solid history in international finance, economic policy, and strategic diplomacy, Katz's selection represents a major change in the IMF's leadership. The most recent position Dan Katz held was Chief of Staff at the U.S. Department of the Treasury, where he was Treasury Secretary Scott Bessent's primary counselor. Among his duties were directing discussions on regional and bilateral financial platforms and establishing both domestic and foreign economic policies, most notably the U.S. economic cooperation with Ukraine.
Published 15 Oct 2025 05:42 PM
Vikram Dayal is named the new head of IOCC by Air India after Choorah Singh resigns.
According to sources on Tuesday, Air India has named Vikram Dayal as the new Head of its Integrated Operations Control Centre (IOCC) after Choorah Singh, the IOCC Head and Senior Vice President, resigned.Sources claim that Singh, who assumed the position in October 2023, has resigned to pursue chances in Ireland. He resigned after being identified in a DGCA letter earlier this year along with two other officials for alleged crew scheduling and rostering errors in June.Regarding the leadership transition, the carrier owned by the Tata Group has not yet released a formal comment.On October 26, Air India Express is scheduled to begin operating direct flights between Agartala and Bagdogra, linking the state capital with North Bengal and offering easy access to well-known locations like Darjeeling, Kalimpong, Mirik, and Sikkim. A new chapter in Tripura's aviation connectivity will be marked by the service, which will launch at the same time as the winter flight schedule. A 180-seater Boeing will fly this route every day, according to reports. The return flight will leave Agartala at 6:10 PM and land in Bagdogra at 7:20 PM, while the departure flight will leave Bagdogra at 4:30 PM and arrive in Agartala at 5:40 PM.Bookings for tickets have already begun, and it has been stated that costs have been maintained reasonable for regular travelers, making family vacations to North Bengal more accessible than before.As part of its Northern Winter 2025 schedule, Air India also announced that it will be expanding its flights to the United Kingdom. As on October 26, there will be a fourth daily flight between Delhi and London (Heathrow).According to a press statement, the new route would offer 1,196 seats per week each way between Delhi and London (Heathrow), increasing Air India's frequency from 24 to 28 times per week this winter.
Published 14 Oct 2025 05:42 PM
Castrol India's MD Steps Down, New CEO Takes Over
A significant participant in the lubricant industry, Castrol India, is going through a leadership change. The present Managing Director, Kedar Lele, will leave at the end of December 2025 in order to pursue other possibilities. He continues to serve as Wholetime Director & Head of B2C Sales, although the company has named Saugata Basuray as Interim CEO, effective January 2026.A board decision states that Lele will formally step down as Managing Director on December 31, 2025, at the end of business. His decision to "pursue other opportunities" is cited as the reason. Since assuming leadership duties not long ago, his time as MD has been rather short.Saugata Basuray will take on the additional role of Interim CEO on January 1, 2026, until a new Managing Director is chosen. He is still employed in his previous role as Head of B2C Sales and Wholetime Director. His title will be changed to "Wholetime Director & Interim CEO" in light of the new hire. Having worked for Castrol since 1999 in a variety of leadership roles across verticals and territories, Basuray is an experienced veteran of the organization. Internal stability and continuity: Castrol India appears to emphasize stability during transition if it selects a leader who is already a part of the organization. Leadership development: While a more permanent replacement is being found, Basuray is a viable temporary option due to his extensive expertise and institutional memory. Market reaction: The revelation caused the company's share price to slightly decline, indicating that investors are sensitive to changes in the company's leadership. The upcoming strategic period: This change in leadership comes at a time when the lubricant industry is dealing with issues related to changing mobility trends, like electric cars, the need for sustainability, and shifting automotive ecosystems.
Published 13 Oct 2025 05:21 PM
Appointments
Appointments
The Indian Olympic Association has named Raghuram Iyer as its CEO.
Following a rigorous vetting process by the nominating body, the Indian Olympic Association (IOA) has announced the appointment of seasoned professional Raghuram Iyer as its new CEO, which is a significant development.Following a rigorous screening process by the nominating committee, the Indian Olympic Association (IOA) has made a significant development with the appointment of seasoned professional Raghuram Iyer as its new CEO. The International Olympic Committee (IOC) reminded everyone of the long-awaited appointment, which brings a lot of experience to the forefront.The Professional Experience of Iyer The previous CEO of the Rajasthan Royals, Raghuram Iyer, brings a wealth of experience and a varied professional background to his current position. His background includes holding important roles with two of the Lucknow Super Giants' and Rising Supergiants' IPL teams. In addition, he was the CEO of the table tennis team RPSG Mavericks and contributed to ATK Mohun Bagan in the Indian Super League. Resolving the IOC's Concerns. The International Olympic Committee (IOC) has emphasized time and again how important it is to have a dedicated CEO for the IOA, and in response, Raghuram Iyer has been appointed. With this action, the IOA hopes to fortify its administrative framework and improve its capacity to handle the challenges of global sports governance. Careful Selection Procedure The choice ofDual Responsibilities Come to an End The All India Football Federation (AIFF) President and joint secretary of the IOA, Kalyan Chaubey, oversaw the CEO duties at the organization prior to Iyer's appointment. Iyer's appointment as CEO signals the end of his joint leadership role and the return to a more concentrated approach to managing IOA's operations.
Asian Development Bank has appointed Vikas Sheel, a senior IAS official, as Executive Director.
Remarkably, experienced bureaucrat Mr. Vikas Sheel is currently the Executive Director of the Asian Development Bank (ADB) in Manila, highlighting India's dedication to global development.India has demonstrated its global commitment by appointing seven talented civil workers to important positions overseas. Remarkably, experienced bureaucrat Mr. Vikas Sheel is currently the Executive Director of the Asian Development Bank (ADB) in Manila, highlighting India's dedication to global development.Vikas Sheel's Latest Position at ADB ADB's Executive Director is Vikas Sheel, an Indian Administrative Service (IAS) officer from the 1994 batch. In his current capacity as Jal Jeevan Mission's Additional Secretary and Mission Director, he contributes invaluable experience that helps India's representation at this esteemed institution. Advisor to the Executive Director of ADB, Smita Sarangi At ADB in Manila, Philippines, Smita Sarangi has been named an advisor to the executive director. Her knowledge will be extremely useful when India and ADB collaborate on significant development projects. Beijing's Role for Kalyan Revella Senior bureaucrat Kalyan Revella joins the Indian Embassy in Beijing as a Counsellor (Economic). India's diplomatic and commercial interests in China are emphasized by this appointment. Senthil PandianBrussels: The Role of M Balaji M Balaji, an IAS officer from the 2005 batch, has been named the Deputy Chief of Mission in the Indian Embassy in Brussels. India's diplomatic connections to the European Union are intended to be strengthened by this appointment. The IMF's Parveen Kumar's role Former Indian Revenue Service (IRS) income tax officer Parveen Kumar was hired in 2004 and is currently an advisor to the executive director of the International Monetary Fund (IMF) in Washington, DC, USA. This is a reflection of India's involvement in global financial institutions. The Diplomatic Position of Tanu Singh at the WTO in Geneva In order to advocate India's interests in global trade, Tanu Singh, an Indian Trade Service officer from the 2012 batch, is appointed as the First Secretary in the Permanent Mission of India to the World Trade Organization (WTO) in Geneva.
Vice Chief of Navy Appointed Vice Admiral Dinesh Tripathi
On official assumption of the position, Vice Chief of Naval Staff became Vice Admiral Dinesh K. Tripathi, AVSM, NM.After a lengthy naval career, Vice Admiral Dinesh K. Tripathi, AVSM, NM, formally assumed the role of Vice Chief of the Naval Staff on January 4, 2024. At the National War Memorial, a somber homage to the fallen warriors honored the assumption of this important post.A floral wreath at the National War Memorial honors the sacrifice made by soldiers. Vice Admiral Dinesh K. Tripathi honored the courageous souls who gave their lives in the service of their country with a sign of respect and memory. His act of laying a floral wreath at the National War Memorial demonstrates his profound feeling of obligation and respect for those who have sacrificed their lives for the nation. A Legendary Naval Career: From Sainik School Rewa to Vice Chief of Naval Staff Vice Admiral Tripathi's Indian Navy career commenced on July 1, 1985, upon his commissioning. He attended the National Defence Academy at Khadakwasla and Sainik School Rewa, and his career has been characterized by a number of significant postings andAn Expert in Electronic Warfare and Communication With a focus on communication and electronic warfare, Dinesh K. Tripathi held a variety of positions on front-line warships. He served as the Electronic Warfare Officer and Signal Communication Officer before becoming the Principal Warfare Officer and Executive Officer of the Guided Missile Destroyer INS Mumbai. Strategic Appointments and Commander of Indian Naval Ships Vinash, Kirch, and Trishul demonstrated his leadership abilities. Important staff and operational positions such as Fleet Operations Officer of the Western Fleet, Director of Naval Operations, Principal Director of Network Centric Operations, and Principal Director of Naval Plans were also part of his professional path. Ascending to Notoriety: Vice Chief of Naval Staff to Rear Admiral He was appointed Assistant Chief of Naval Staff and later promoted to Rear Admiral.Making Sure You're Ready for Battle in Tough Times As the Director General of Naval Operations, Vice Admiral Tripathi made sure that the Navy remained a "Combat Ready, Credible, Cohesive and Future Proof Force" throughout the difficult times brought on by the COVID-19 pandemic. During his tenure, there was a high rate of Naval Maritime Operations, demonstrating adaptability and resilience in the face of difficulty. Notable Accomplishments and Honors Graduated from Defence Services Staff College, Wellington, Vice Admiral Tripathi has received honors from the US Naval War College, Newport, Rhode Islands, including the coveted Robert E. Bateman International Prize and the Thimmaiya Medal. On January 24, Vice Admiral Dinesh K. Tripathi, AVSM, NM, assumed the position of Vice Chief of the Naval Staff. Upon assuming command, the Flag Officer laid a floral wreath at the National War Memorial as a symbol of respect for the Bravehearts who gave their lives in defense of the country.
P Santhosh, CGM of Canara Bank, is appointed MD of NARCL
The National Asset Reconstruction Company (NARCL) has named P Santhosh, Chief General Manager of Canara Bank, as Managing Director.Unexpectedly, P Santhosh, Chief General Manager of Canara Bank, has been named Managing Director of National Asset Reconstruction Company (NARCL) from January 5, taking over for the resignation of Natarajan Sundar. The sector is taking notice of the sudden shift in leadership at the government-backed asset restoration group.Senior Management Resignations Having held the position of Deputy Managing Director at State Bank of India, Natarajan Sundar is the second senior official to leave NARCL before the appointed term was completed. The NARCL was left in a state of uncertainty in August when Karnam Sekar, the organization's chairman at the time, likewise resigned without giving a reason. As with Karnam Sekar before him, Sundar took over as Managing Director on May 30, 2022, with a two-year term in place. The fact that both resignations happened before the two-year period was up raised concerns about NARCL's stability and organizational structure. Proposal for a Merger and Prior Changes in Leadership A plan to combine NARCL with India was intimately related to Karnam Sekar's unexpected resignation.With the public sector NARCL serving as the primary asset reconstruction business and the private sector IDRCL serving as a resolution agency, the merger plan sought to streamline both organizations' activities. Nonetheless, the proposed merger now has more uncertainty due to the unanticipated changes in leadership. Future Change in Leadership NARCL is anticipated to extend an invitation to apply for the open job shortly after P Santhosh assumes the role of Managing Director. Santhosh will be instrumental in guiding the asset reconstruction firm through its mandate of collecting problematic loans and aiding their resolution. He joined NARCL on a deputation from Canara Bank. Overview of Finances Ten public sector banks transferred Rs 11,617 crore in bad loans as of November.P Santhosh, who is presently Canara Bank's Chief General Manager (CGM), has been deputated to lead NARCL as its temporary MD & CEO in light of this departure. It is anticipated that Santhosh, who comes from Canara Bank, will lead NARCL during this period of change.
NALSA Executive Chairperson to Be Named Justice Sanjiv Khanna
The President of India has named Justice Sanjiv Khanna as the National Legal Services Authority's (NALSA) executive chairperson, which is a noteworthy step. Justice S. K. Kaul, who retired on December 25, was replaced as the Supreme Court's most senior justice by Justice Khanna. This appointment follows the established practice of designating the second-most senior Supreme Court judge to the pivotal role of NALSA Executive Chairman.Authority for National Legal Services (NALSA) The Legal Services Authorities Act of 1987 created the National Legal Services Authority (NALSA), a governmental organization. This group is essential in giving the less fortunate members of society free legal assistance and works to establish up Lok Adalats for the peaceful resolution of conflicts. Qualities of the NALSA Leadership Framework. The Chief Justice of India, who also serves as the organization's Patron-in-Chief, and an experienced Supreme Court judge, who serves as the Executive Chairman, lead NALSA. Its two-tiered leadership structure guarantees a thorough and equitable method of operation. Legal Services at No Cost Giving free legal services to qualified individuals—such as women, children, SC/STs, disabled people, victims—is one of NALSA's main goals.On December 29, 2023, the Department of Justice released a notification to that effect. The position was previously occupied by Justice Sanjiv Khanna, the senior puisne judge of the Supreme Court. Justice Khanna was just named National Legal Services Authority (NALSA) Executive Chairperson.
FAITH Chairman Puneet Chhatwal Appointed
The Federation of Associations in Indian Tourism & Hospitality (FAITH) has named Puneet Chhatwal, the managing director and CEO of Indian Hotels Company Limited, as its new chairperson.The CEO and Managing Director of Indian Hotels Company Limited, Puneet Chhatwal, was recently named the Federation of Associations in Indian Tourism & Hospitality (FAITH)'s new chairperson. He takes over for retired ITC Hotels Executive Director Nakul Anand with this move. Chhatwal's Two Leadership Roles Re-elected in 2022, Chhatwal is a well-known figure in the hotel industry. He will also continue to serve as President of the Hotel Association of India (HAI). He is strategically positioned in this dual role to lead and represent the sector at the national and wider association levels. Nakul Anand retired, which meant that he gave up his membership in the FAITH as well as his position there.Maintaining Goals and Continuity at FAITH Puneet Chhatwal is well-positioned to guarantee the smooth continuation of FAITH's projects and goals in her role as the organization's new chairperson. FAITH, which is made up of several national travel associations, is essential in showcasing the variety of aspects of the Indian tourism and hospitality sectors. Asssociations with ties to travel agencies, hotels, convention & exhibition organizers, restaurants, and tourist destinations are among the members. This change in leadership is consistent with a positive future for the hotel sector in India. According to a recent survey, there will be a strong quarter ahead, with Revenue Per Available Room (RevPAR) expected to rise by 17–18%. This bullish forecast is explained by the increasing trend in average room prices. The Effect of Chhatwal on the Contribution of FAITH Puneet Chhatwal,
Gwanggu Lee is named the new MD & CEO of Kia India.
Vivek Srivastava's appointment to the Ministry of Home Affairs' Director General of Fire Service, Civil Defence, and Home Guards was recently approved by the ACC.Vivek Srivastava, an experienced 1989-batch Indian Police Service (IPS) officer of Gujarat cadre, was appointed as the Ministry of Home Affairs' Director General of Fire Service, Civil Defence & Home Guards by the Appointments Committee of the Cabinet (ACC) recently.On December 28, the Department of Personnel and Training Issues an Official Order. The Department of Personnel & Training (DoPT) issued an order on December 28 making the decision official. This important appointment will begin on the day Srivastava assumes the role and run through June 30, 2025, or until additional directives are given, whichever comes first. The History of Vivek Srivastava With more than three decades of experience, Vivek Srivastava has had a distinguished career as an Indian Police Service (IPS) officer. Since joining the military in 1989, he has held a number of positions, demonstrating his commitment to public service and leadership abilities. Srivastava has a reputation for being devoted to maintaining law and order and has continuously shown competence in his jobs withinProspective Projects and Obstacles There will probably be a number of chances and difficulties during Srivastava's term in the new position. Organizing house guards, civil defense, and fire services requires careful planning and coordination. Srivastava will be crucial in guaranteeing the security and welfare of the populace in his capacity as head of these essential departments, especially in times of emergency and unanticipated circumstance.With immediate effect, Gwanggu Lee has been named as the new Managing Director and Chief Executive Officer of Kia India.With immediate effect, Gwanggu Lee has been named as the new Managing Director and Chief Executive Officer of Kia India. Gwanggu Lee, the company's new MD and CEO, succeeds Tae Jin Park, marking a significant change in the company's leadership.Changes at Kia India Gwanggu Lee will succeed Kook Hyun Shim and Tae Jin Park as Kia India's third MD and CEO. After a distinguished 36-year career with Kia Corporation and a noteworthy four-year tenure with Kia India, Tae Jin Park, the former MD and CEO, is retiring. The change is a reflection of the company's resolve to appoint experienced executives to drive its revolutionary path. Experience and Skill in Leadership Gwanggu Lee has a wealth of experience spanning over 30 years in the automobile industry. Throughout his long career, he has held leadership positions in both developed and developing economies in a variety of capacities. Key roles at Kia Headquarters in Central and South America, as well as the US, Canada, Italy, and Mexico, have been held by Lee. His
Geetika Mehta is the new managing director of NIVEA India.
Leading manufacturer of personal hygiene products Nivea India has named Geetika Mehta as its new managing director. The famous brand made a calculated move with this important statement.The most recent managing director, Geetika Mehta, has extensive experience in the fast-moving consumer goods (FMCG) industry. Her career path includes a recent position as managing director of the massive candy company Hershey India, which she assumed in July 2021. Prior to joining Hershey, Mehta worked for almost twenty years at Hindustan Unilever Ltd., a significant participant in the consumer products sector, where she held a variety of positions in several divisions. a track record of success in international markets Mehta has a track record of successfully managing large-scale enterprises and growing small businesses. She has worked in a variety of areas throughout her career, including South Africa, Brazil, Thailand, and South Asia. Nivea's announcement showcases her vast experience and strategic vision, which flawlessly aligns with The Brand Portfolio and Ownership of Nivea Owned by Beiersdorf AG, a company established in Germany, Nivea boasts a broad range of brands that extend beyond personal hygiene. La Prairie, Hansaplast, Eucerin (cosmetics), and other brands are part of the roster. Furthermore, Beiersdorf is a well-known producer of technical adhesive tapes for the industrial, craft, and consumer markets through its fully owned affiliate Tesa SE. Important Financial Data and Beiersdorf AG's Worldwide Presence The Hamburg, Germany-based Beiersdorf AG reported strong sales of €8.8 billion for the fiscal year 2022. With more than 20,000 workers worldwide, the organization is clearly well-established in the global market. The Goals of Geetika Mehta for Nivea India Mehta gave her reflections on the new position as follows: "As we navigate the always changing skincare landscape, my focus will be on
The new director of home guards, civil defense, and fire service is Vivek Srivastava.
Vivek Srivastava's appointment to the Ministry of Home Affairs' Director General of Fire Service, Civil Defence, and Home Guards was recently approved by the ACC.Vivek Srivastava, an experienced 1989-batch Indian Police Service (IPS) officer of Gujarat cadre, was appointed as the Ministry of Home Affairs' Director General of Fire Service, Civil Defence & Home Guards by the Appointments Committee of the Cabinet (ACC) recently.On December 28, the Department of Personnel and Training Issues an Official Order. The Department of Personnel & Training (DoPT) issued an order on December 28 making the decision official. This important appointment will begin on the day Srivastava assumes the role and run through June 30, 2025, or until additional directives are given, whichever comes first. The History of Vivek Srivastava With more than three decades of experience, Vivek Srivastava has had a distinguished career as an Indian Police Service (IPS) officer. Since joining the military in 1989, he has held a number of positions, demonstrating his commitment to public service and leadership abilities. Srivastava has a reputation for being devoted to maintaining law and order and has continuously shown competence in his jobs withinProspective Projects and Obstacles There will probably be a number of chances and difficulties during Srivastava's term in the new position. Organizing house guards, civil defense, and fire services requires careful planning and coordination. Srivastava will be crucial in guaranteeing the security and welfare of the populace in his capacity as head of these essential departments, especially in times of emergency and unanticipated circumstance.
Tyagi Ravindra Kumar appointed Power Grid Corporations CMD
Sreekant Kandikuppa, who resigned at the age of superannuation, has been replaced as the new Chairman and Managing Director (CMD) by Ravindra Kumar Tyagi.Leading state-owned company Power Grid Corporation announced a major leadership transition on January 1. Sreekant Kandikuppa, who resigned at the age of superannuation, has been replaced as the new Chairman and Managing Director (CMD) by Ravindra Kumar Tyagi.Tyagi, who is 57 years old, brings a plethora of expertise and experience to his new position. He received his degree in Electrical Engineering from Punjab Engineering College (PEC), Chandigarh. He furthered his education by earning an M.Tech in Energy Studies from the esteemed IIT Delhi. Being recognized by Carnegie Mellon University in the United States as a "Fulbright Scholar" adds even more credibility to his academic background. Various Experiences in the Power Industry Tyagi, who has worked in the electricity industry for more than 33 years, has occupied a number of important roles in major public sector undertakings (CPSUs). His experience managing multifunctional projects in several business domains, such as asset management, engineering, and business development, both locally and internationally, has distinguished him during his time at POWERGRID. Director of Operations Contributions Prior to AscendingScholarly Input In addition to being a seasoned professional, Tyagi actively participates in the academic community. He has written more than fifty technical articles that have been presented at both national and international conferences. This facet of his professional background demonstrates his dedication to innovation and knowledge exchange in the power industry.
Upcoming January 2024 films include Fighter, Main Atal Hoon, Merry Christmas, Kalki 2898 AD, and more.
January 2024 will see the release of several other movies, including He Went That Way, Lal Salaam, Guntur Kaaram, and Mean Girls. View the complete list by clicking the link below.Many film companies have a number of films scheduled for release in January 2024 as we start a new year. Movies like Fighter, Kalki 2898 AD, Merry Christmas, Main Atal Hoon, and more are highly anticipated by fans. We present to you an intriguing slate of movies that you should definitely see out in January 2024, as the list goes on. (Also Read: Year Ender 2023: Emergency, Emergency: Major Hindi movie releases of 2024, Fighter, Kalki 2898 AD to Merry Christmas). The late Prime Minister Atal Bihari Vajpayee is the subject of the planned biopic. The movie opens in theaters on January 19, 2024. Pankaj Tripathi plays the lead in Main Atal Hoon, which is directed by Ravi Jadhav. Ravi Jadhav and Rishi Virmani co-wrote the movie.
10club, a D2C firm, names Kavitha Rao as COO and cofounder.
Kavitha Rao has joined 10club, a direct-to-consumer (D2C) firm that specializes in the kitchen and home categories, as cofounder and chief operational officer. In October of last year, the company changed its focus from roll-up commerce to direct-to-consumer (D2C) branding. The announcement coincided with a slowing in the growth rates of acquired brands in the domestic market over the past year, which has affected the roll-up business as a whole.The company currently functions as a single brand, marketing its own goods both offline—through owned and third-party stores—and online. On the other hand, roll-up commerce businesses purchase numerous internet retailers and brands while frequently keeping their unique identities. They then attempt to enhance performance by means of improved management and pooled knowledge.According to 10club, Rao will oversee day-to-day operations, develop the company's category plan, and lead retail operations across both physical and online channels. Rao was managing director of Accenture's retail division before this. Rao told ET that the company's new goal is to open its first physical location in the first half of FY25. In addition to partnering with distributors to sell its products in large quantities, it is collaborating with D2C competitors like Wakefit to offer products in their stores.By the end of March 2023, 10club is expected to have an annualized revenue run rate of Rs 100 crore, according to Rao. The company is concentrating on generating sales in a profitable manner, he continued, without providing any additional information regarding the current profitability status.
Rajat Diwakar is appointed CEO of iD Fresh Foods India.
Rajat Diwakar has been named CEO of iD Fresh Food's India division, the business announced on Friday. Diwakar worked as the Managing Director of Marico Bangladesh Limited before being hired by iD Fresh Foods. Additionally, he has over 20 years of experience leading FMCG companies.Leader of iD Fresh India, Rajat Diwakar Delhi, New: iD Fresh Food, a ready-to-cook packaged food firm, strengthened its leadership team on a national and international level on Friday by appointing industry veteran Rajat Diwaker as the India CEO and PC Musthafa as the Global CEO.Today, iD Fresh Food announced the appointment of Rajat Diwaker, a seasoned industry veteran, as the CEO for India. Rajat is a seasoned professional with more than 20 years of experience in the FMCG sector. He was the Managing Director of Marico Bangladesh Limited in his previous position. Additionally, he serves as a director on the board of Bangladesh's Foreign Investors' Chamber of Commerce and Industry (FICCI).In addition to continuing to lead the board of directors, PC Musthafa, who founded iD Fresh and served in that capacity for almost 20 years, now assumes the position of global CEO. Musthafa will be in charge of iD Fresh's worldwide market innovations, as well as international expansions, strategic acquisitions, the development of food-tech capabilities, and organizational culture inspiration.iD Fresh plans to designate specific Business Heads and CEOs for every international market as part of its expansion strategy. In actuality, the business is currently employing a US CEO. At present, more than one-third originates from sources outside of India. In 2024, the company intends to increase its presence in the current markets while branching out into new ones like Singapore and Australia.The global CEO of iD Fresh Food, PC Musthafa, commented on the most recent development, saying, "iD Fresh's journey has been incredibly rewarding so far, and we continue to make tremendous strides." I'm happy to have Rajat Diwaker join the iD Fresh team. I have no doubt that in the years to follow, we will accomplish greater things and win over more hearts under his capable and visionary leadership. And because of the unwavering support from customers that we have accumulated over the years, I am excited to lead the brand into new international markets as we set off on new experiences.
Prerna Korla becomes a Director of Communications for Asia Pacific at Mastercard.
Prerna Korla is a new Director of Communications for Asia Pacific at Mastercard. With over 15 years of significant experience, Prerna is a communication and PR specialist who has worked with leading Indian and international B2B and B2C brands. Prerna spent more than two years as Manager, Senior Communications at Microsoft before joining Mastercard.She was the Uber South Asia and India Consumer Communications Lead. Prerna has also collaborated with a number of PR companies, such as Edelman and MSL Group India. Prerna Korla has been appointed by Mastercard India as the director of communications for Asia Pacific. She leaves Microsoft after working there for two years as a senior communications manager. Korla updated her LinkedIn post on this development. Korla was the head of customer communications for a brief period of time at Uber before.
Harish Bhat, a cautious marketer who made difficult choices
Following 36 years of service, Harish Bhat retired from Tata Sons as the firm's Brand Custodian. He will continue to serve as an advisor to the company and as a non-executive director on the boards of Tata Starbucks, Trent, Infiniti Retail (Croma), and Tata AIA Life Insurance firm.Fali Vakeel Lowe Lintas Chairman Fali Vakeel stated that he has always appreciated working with Bhat. Bhat was fair and made difficult decisions, according to Vakeel, who called him the "embodiment of a client." When it came to job ethics, he was among the most equitable clients. The ability to be fair while still being able to make difficult decisions would be the one trait I would have to inherit from him.Vakeel and Bhat contributed to numerous Tanishq campaigns. When asked which of this association's campaigns he preferred, Vakeel replied, "It is hard to say which was my favorite, pretty much all of them were excellent." They highlighted the core of the brand and were incredibly attractive. Beyond work, Vakeel revealed that Bhat is a music lover and wasn't bashful about it. "Apart from being a pleasure to work with, he had a wonderful personality and was a great client."Parmeswaran Ambi Ambi Parmeswaran, a brand expert, remembers collaborating with Bhat on several important Tata Group projects. Parmeswaran said, "His simplicity and humility are what I really admire about him." the capacity to approach a problem from its most sympathetic angle. Along with being a very gifted and hardworking writer, he has penned several best-selling books and essays." Parmeswaran added, "Bhat has strong views about the role of brands and advertising in a changing society." "When I approached him to do an interview for my book 'Nawabs Nudes Noodles,' he was gracious with his time!" He has enjoyed that book as well, and I appreciate his good remarks about my other novels," Parmeswaran continued.
