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Messe Stuttgart India Appoints Sachin Patil As New MD, CEO

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“We have full faith in his ability to achieve remarkable milestones and further our commitment to facilitating international trade partnerships,” Roland Bleinroth, President of Landesmesse Stuttgart GmbH commented on the appointment

 

Messe Stuttgart India appointed Sachin Patil as the new Managing Director (MD) and Chief Executive Officer (CEO). He previously served as the official representative in India for Messe Stuttgart.

“We are thrilled to expand our footprint in India’s dynamic market. Sachin Patil’s proven leadership capabilities and vision align perfectly with our goals. We have full faith in his ability to achieve remarkable milestones and further our commitment to facilitating international trade partnerships,” Roland Bleinroth, President of Landesmesse Stuttgart GmbH commented on the appointment.

Sachin Patil’s professional journey reflects his dedication to creating intellectual properties, orchestrating successful preliminary launches, shaping corporate strategies and driving business, said the press report.

Messe Stuttgart India is the Indian subsidiary of the globally acclaimed Messe Stuttgart based in Germany. It functions as the curator of trade fairs to stimulate industry growth and international partnership.

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Paytm Payments Bank Appoints Surinder Chawla As MD And CEO

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The term for the appointment is three years

Paytm Payments Bank Limited (PPBL) on Sunday received approval from the Reserve Bank of India (RBI) for the appointment of veteran banker Surinder Chawla as its new Managing Director (MD) and Chief Executive Officer (CEO). The term for the appointment is three years. 

Chawla’s appointment comes as part of PPBL’s ongoing efforts to strengthen its leadership team, enhance its technology capabilities and drive financial inclusion in the country. Chawla brings with him experience in Retail Banking spanning over 28 years across marquee institutions such as HDFC Bank, RBL Bank, ABN Amro Bank and Standard Chartered Bank.

He is a merit-listed Chartered Accountant, who joins PPBL from RBL Bank, where he served as Head – Branch Banking and focused on expanding the CASA base, fee revenue, and cross-selling across channels. Prior to joining RBL Bank in 2013, Chawla spent about 12 years in key senior management positions at HDFC Bank, culminating in his role as Head of the Retail Liabilities Product Group. As Senior Executive Vice President at HDFC Bank, Mr. Chawla also worked as the head for the Southern, Eastern and Northern regions at different points in his career.

The appointment will become effective upon the completion of the requisite regulatory formalities, PPBL said in its BSE filing.

In a statement, Vijay Shekhar Sharma, Chairman of Paytm Payments Bank Board, said, “I am pleased to welcome Surinder to Paytm Payments Bank to drive our unwavering commitment to deepening financial inclusion and offering an exceptional mobile-first banking experience in India. His rich experience in banking and deep understanding of the Indian financial landscape will bring the necessary expertise to further empower Paytm Payments Bank’s mission.”

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Ramamurthy Becomes MD, CEO of BSE, SEBI approves appointment

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Previously, Sundararaman Ramamurthy has served as the senior vice president of the National Stock Exchange (NSE) after which he took up the position of chief operating officer at Bank of America, India. The senior position at BSE has been vacant since July following the resignation from its last managing director Ashish Kumar Chauhan

The Securities and Exchange Board of India (SEBI) approved the appointment of Sundararaman Ramamurthy as managing director and chief executive officer of Bombay Stock Exchange, as per the disclosure made by the exchange on 28 November.

The said appointment will require shareholder’s approval, the market regulator added in the disclosure.

Previously, Ramamurthy has served as the senior vice president of the National Stock Exchange (NSE) after which he took up the position of chief operating officer at Bank of America, India, according to social media accounts.

The senior position at BSE has been vacant since July following the resignation from its last managing director Ashish Kumar Chauhan who held the position to join rival exchange NSE as its CEO.

Former deputy governor of the Reserve Bank of India (RBI), SS Mundra is currently the chairman of BSE. The board comprises of six other directors which excludes Ramamurthy. Out of six, five of them are public interest directors, whereas one of them is a shareholder director.

Business men giving a handshake. Business concept

Birla Corporation Announces Sandip Ghose As New MD & CEO

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Ghose will take over the role of managing director and chief executive officer and assume his new role as of January 2023 for a period of three years

Birla Corp on Friday announced the appointment of Sandip Ghose as managing director and chief executive officer. 

Ghose will take over the role of managing director and chief executive officer and assume his new role as of January 2023 for a period of three years.

Also, the company accepted the resignation of its managing director and chief executive officer, Arvind Pathak. Pathak, in his resignation, mentioned that he is leaving the company for personal reasons, and serve his current role until 31 December 2022.

Ghose has more than three decades of experience with both large multinational corporations, such as LafargeHolcim and Unilever, and family-run businesses, such as ABP Group and HT Media. Ghose was even part of the senior leadership team responsible for launching the Hindustan Times and Mint newspapers in Mumbai.

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Vinay Golikeri Joins Bacardi As MD

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Golikeri has been engaged with Bacardi since 2003

Bacardi India has announced the appointment of Vinay Golikeri as Managing Director, India. Golikeri comes in succession to Sanjit Randhawa who is moving to Dubai, UAE to take on the new role of Director, External Affairs, Asia Middle East & Africa, and Global Travel Retail. Both roles will come into effect from January 2023.

As the MD, Golikeri would be heading the India Leadership Team and will be reporting to Vijay Subramaniam, Regional President, Asia, Middle East & Africa, and Global Travel Retail. In a public statement, Subramaniam said, “India is a dynamic and fast-evolving market, and is vital to our global growth. As we continue to develop the Bacardi portfolio of premium brands, Vinay’s agility in identifying growth opportunities within diverse environments and his relentless focus on execution will be essential in achieving our future ambitions.”

Golikeri has been engaged with Bacardi since 2003. He started his career in the rum category in India and went ahead with Bacardi across global roles in London before being engaged in the marketing and commercial leadership roles in GTR for Hong Kong. Most recently, he held the position of MD, Global Travel Retail, based in Dubai.

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Santosh Iyer Succeeds Martin Schwenk As Mercedes-Benz India’s New MD & CEO

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Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations

German luxury carmaker Mercedes-Benz has named Santosh Iyer as the Managing Director & CEO of the Indian operations with effect from January 1, 2023.

Iyer, 46, is currently working as Vice President, Sales & Marketing and would be the first Indian to lead Mercedes-Benz India operations.

Iyer replaces Martin Schwenk who will assume the responsibility as the President and Chief Executive Officer of Mercedes-Benz Thailand.

“As the company transitions into an exciting future with emerging mobility trends and unending possibilities, I am thoroughly convinced Mercedes-Benz will achieve new heights with the passion, vision and dynamic leadership that Santosh drives in,” Schwenk noted.

Associated with Mercedes-Benz India since 2009, Iyer has been in leadership roles across diverse functions including sales, marketing, customer services, communications and Customer relationship management (CRM).

In 2016, he was appointed as Vice President, Customer Services & Retail Training business. In July 2019, he took over as the Vice President, Sales & Marketing leading digital transformation of the business and achieving the highest ever-online sales penetration.

“Mercedes-Benz is at the cusp of transitioning to an exciting, electrified future and it is a privilege for me to steer the internal brand, introduce emerging trends and continue to define new benchmarks for our customers,” Iyer noted.

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Colliers appoints Kanchana Krishnan as Managing Director, Chennai

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Colliers expands business operations in the region to grow existing and introduce new service lines

Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) today announced the appointment of Kanchana Krishnan as Managing Director, Chennai, with immediate effect.

Kanchana is a highly-seasoned real estate professional and one of the senior-most industry leaders in Chennai.

Kanchana has close to two decades of experience in the commercial real estate industry in Chennai. In her long and illustrious career, Kanchana has advised some of the leading global occupiers, owners, and investors on their real estate strategies.

Kanchana has held senior leadership roles at Knight Frank, Cushman & Wakefield, and most recently at JLL India, where she headed their office leasing, retail, and data centre businesses in the Chennai region along with leading the landlord representation business for India.

A passionate and renowned industry leader, Kanchana joins Colliers with a focus on business development to build the scale of its transaction service lines in the Chennai region and drive exceptional results for clients. She will leverage her existing network of strong relationships with leading landlords, occupiers, and global investors to lead client relationship management in the region and expand Colliers’ client base to amplify the potential and reach of the brand.

Kanchana will strengthen the company’s existing transaction service lines in Chennai and identify opportunities to introduce new service line specialisations by hiring and developing the best industry talent.

Ramesh Nair, CEO, India & Managing Director, Market Development, Asia, Colliers said: “I am delighted to welcome Kanchana to Colliers and am confident that her track record, connections, and experience will help us become markets leaders in Chennai. Also, Kanchana is a

ground-breaker in a traditionally male-dominated industry and increasing the number of women in leadership roles is a priority at Colliers. We are proud that we have onboarded a top-notch, high calibre, and passionate talent like Kanchana.”

Kanchana Krishnan added: “We are at an exciting phase where real estate markets are witnessing a tectonic shift in the way we look at the built environment, and these shifts are going to shape the Indian real estate market like never before.

I am very excited to be joining an enterprising team of experts at Colliers who truly believe in diversity and inclusion. My priorities will be to focus on improving market share and revenues and nurturing a high-performance ecosystem.”

Sebi

Govt appoints SBI MD Ashwini Bhatia as Sebi member

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The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of three years from the date of assumption of charge, sources said.

The government has appointed State Bank of India (SBI) managing director Ashwani Bhatia as whole-time member (WTM) of the Securities and Exchange Board of India (SEBI).

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Bhatia as a member initially for a period of three years from the date of assumption of charge, sources said.

With Bhatia getting appointed as WTM, there is now only one post of WTM left to be filled in SEBI, sources said.

Bhatia, who is due to retire in May, this year, was elevated as the managing director of SBI in August 2020. Prior to that, he was working as the managing director and chief executive officer of SBI Mutual Fund.

He started his career with SBI in 1985 as a probationary officer. Over a 33-years tenure with SBI, he has donned many hats. He has taken the lead in revamping the entire credit structure and processes of SBI.

Last month, the government appointed Madhabi Puri Buch as the new chairperson of Sebi, the first woman to head the capital market regulator.

She replaced Ajay Tyagi, whose five-year term came to an end on February 28.

PTI

Fintech

Ashneer Grover quits as BharatPe MD

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“Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda for upcoming Board meeting that included submission of the PWC report regarding his conduct and considering actions based on it. The Board reserves the right to take action based on the report’s findings,” Bharatpe said in a statement.

Fintech firm BharatPe’s managing director Ashneer Grover has resigned minutes after receiving an upcoming board meeting agenda, which included consideration of action against him based on the report submitted by advisory firm PwC.

“Ashneer Grover resigned as Managing Director and from the Board Director of BharatPe minutes after receiving the agenda for upcoming Board meeting that included submission of the PWC report regarding his conduct and considering actions based on it. The Board reserves the right to take action based on the report’s findings,” Bharatpe said in a statement.

Query sent to Grover did not elicit any reply.

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SeQuent Scientific Appoints Rajaram Narayanan As Managing Director And CEO

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The pharmaceutical industry leader shall be leading SeQuent through next phase of consolidation and growth

SeQuent has announced that its Board of Directors has appointed Rajaram Narayanan as Managing Director and Chief Executive Officer (“MD and CEO”), effective 11 April 2022. Mr. Narayanan, who has served in senior leadership roles across the pharmaceutical, consumer goods and services industries, succeeds Manish Gupta who will be stepping down effective 10 April 2022 after serving as MD and CEO of SeQuent for the past eight years. Mr. Gupta will continue to serve as a strategic advisor to the company until July 2022.

Headquartered in Mumbai, SeQuent is India’s largest animal healthcare company and a top 20 animal health player globally. The company is currently focused on executing on its “SeQuent 2.0” growth strategy by scaling its presence in existing markets, expanding into new international markets, and accelerating research and development in animal health Active Pharmaceutical Ingredients (“APIs”) and formulations, including value-added generics. Mr. Narayanan will oversee the company’s next phase of growth and expansion. SeQuent is backed by global investment firm Carlyle.

With over 25 years of experience, Mr. Narayanan has a strong track record of leading revenue and profitability growth across multiple industries including pharmaceuticals. He joins from Sanofi India Limited, where he was the Managing Director and Country Chair for India. At Sanofi, he led the strategic reorientation of its India business operations, resulting in accelerated growth in key therapies and significant transformation of Sanofi’s market operations. Before this, he was Chief Marketing Officer at Airtel, India’s leading telecommunications company. Mr. Narayanan started his career at Hindustan Unilever Ltd., where he held various leadership roles in India and other Asian markets for over 18 years, building and managing many iconic consumer brands. 

Dr. Kamal K Sharma, Non-Executive Chairman of SeQuent said, “We are delighted to welcome Rajaram as MD and CEO of SeQuent as he has a solid track record of successfully transforming businesses in highly complex and regulated industries. His strategic vision as well as operational expertise and rigor will be pivotal for the company’s next phase of growth and success, and the Board of Directors looks forward to working with him.”

“On behalf of the board and management, I would also like to thank Manish for his valuable contributions and his commitment over the years in building SeQuent’s global market leadership and wish him the best in his future endeavours. We also like to express our appreciation for agreeing to take on a strategic advisory role within the company to ensure a smooth transition,” he added.

On his appointment as MD & CEO of SeQuent, Rajaram Narayanan said, “I am honoured to join SeQuent, particularly at a time when the global animal healthcare industry is growing at a significant pace due to increased demand for quality livestock and food safety, and a rise in adoption of companion animals. As one of the leading animal healthcare companies globally, SeQuent is uniquely positioned to seize these market opportunities, and I am excited to lead the company through its next phase of development.”

Neeraj Bharadwaj, Non–Executive Director of SeQuent and Managing Director, Carlyle India Advisors Private Limited, said, “Rajaram has a proven track record as Country Head at Sanofi and has significant experience driving value for all key stakeholders. We welcome him to SeQuent’s management team and will work closely with him to drive value creation for the company through deeper market penetration with existing customers, introduction of new products in APIs, and global expansion in formulations. I would also like to thank Manish for his unwavering commitment to SeQuent and for helping establish the company as a global top 20 animal health player.”

Manish Gupta, current (outgoing) MD & CEO of SeQuent said, “It has been a privilege leading SeQuent over the past eight years and having the opportunity to transform the company into one of the world’s leading animal healthcare companies. I believe that SeQuent will be well-served under Rajaram’s leadership as it enters the next phase of growth and expansion. I am grateful to the Board of Directors, the leadership team, and all the employees at SeQuent for being a part of this journey and making this a rewarding experience for me.”

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