CEOS
Healthtech startup Cloudphysician appoints Oyo's Mandar Vaidya as India CEO
Cloudphysician's new India CEO, Vaidya, drives tech-enabled healthcare with industry expertise, strategic partnerships, and global expansion.
CXO-level shifts rearrange top deck at Indian startups
The world of startups witnessed a series of top-level movements in the first half of 2024, including Naveen Tahilyani taking the helm as CEO of Tata Digital and the resignation of Surinder Chawla, managing director and chief executive officer of Paytm Payments Bank.
NIIT appoints Pankaj Jathar as CEO
Jathar has experience in consumer-focused businesses, spanning e-commerce, startups and D2C ventures. He will be responsible for capitalising on new opportunities through the integration of GenAI to drive innovation and growth, the company said in a statement.
Canon India appoints Toshiaki Nomura as president and CEO
Canon India has appointed Toshiaki Nomura as its new President and CEO starting July 1. Nomura, with Canon since 1999, previously led Canon's Business Imaging Solution division in Southeast and South Asia. He aims to leverage India's dynamic market potential, focusing on core imaging and printing while expanding into new segments like surveillance and industrial printing. Under Nomura's leadership, Canon plans aggressive expansion into tier-2 and 3 cities, strengthening its brand presence nationwide.
Why Indian IT companies are moving into New Jersey
Top Indian IT companies are zeroing in on New Jersey as its hub, with their top executives and a majority of Indian-origin engineers who work in the US making the city their base. India is New Jersey’s second-largest foreign direct investor and a majority of New Jersey’s immigrant population hails from India.
Skoda Auto CEO's strategy for Indian market: Humility, learning, customer focus and a new partner
Skoda Auto's CEO Klaus Zellmer highlights India's pivotal role in the company's global strategy, noting it as the most attractive and competitive auto market. With a robust development base in Pune, Skoda plans to leverage India's potential for expansion into ASEAN and the Middle East.
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Satya Nadella, Sundar Pichai hail India's historic T20 World Cup victory
Tech honchos Satya Nadella, Sundar Pichai, and others hailed India's historic win over South Africa in a nerve-wrenching final of the ICC T20 World Cup at the Kensington Oval in Barbados on Saturday.
JPMorgan India bank CEO Singh quits before end of term
Prabdev Singh, CEO of JPMorgan Chase Bank in India, has stepped down prematurely from his three-year term. Pranav Chawda, currently heading commercial banking, will expand his role to lead India Corporate Banking. Singh, known as PD, joined JPMorgan in 2010 after a decade at HSBC. JPMorgan has operated in India since 1922, with four branches nationwide.
CEO succession planning is important. But how you go about it makes all the difference
Succession planning, including CEO succession plans and leadership pipelines, is crucial for company stability and success. Companies with robust succession plans outperform peers by 20% in revenue growth. Neglecting leadership pipelines can cost companies nearly $1 trillion annually, emphasizing the importance of effective planning.
CEO posts about his 'honest' firing approach on LinkedIn, faces backlash online
Matthew Baltzell, CEO of Cap X Media, faced a social media backlash after posting about firing an employee on LinkedIn. His 10-minute meeting with the employee, offering a severance package and a future reference, was seen as both professional and insensitive by different users. While some praised his transparency, others criticized his approach as tone-deaf and unprofessional. Baltzell emphasized the importance of handling exits with respect and maintaining a positive company culture.
Sheela Foam sees 14-15 pc CAGR growth in next 3-5 yrs: CEO Nilesh Mazumdar
Sheela Foam, owner of Sleepwell and Kurlon, projects a 14-15% CAGR growth over the next 3-5 years, according to CEO Nilesh Mazumdar. Following its acquisition of Kurlon, Sheela Foam aims to surpass Rs 1,000 crore in revenue. The company plans to expand market share and maintain distinct brand identities for Sleepwell and Kurlon.
More women made the list of top-paid CEOs in 2023, but their numbers are still small compared to men
Of the 341 CEOs in the AP's 2024 compensation survey, 25 are women, the highest number since the survey began in 2011. Lisa Su of AMD is the highest-paid female CEO, earning $30.3 million. The median pay for female CEOs increased by 21% to $17.6 million, outpacing male CEOs whose median pay rose by 12% to $16.3 million. Despite these gains, the highest-paid male CEOs still earn significantly more, and women often face the "glass cliff," being appointed to leadership roles during company crises.
Tech Mahindra subsidiary Comviva names Rajesh Chandiramani as CEO
Comviva, a digital solutions provider, has appointed Rajesh Chandiramani as CEO and whole-time director, effective June 1, 2024. Chandiramani succeeded Manoranjan 'Mao' Mohapatra, who retired in May 2024. Chandiramani previously held senior leadership roles at Tech Mahindra. Comviva aims to strengthen its position as a global leader in customer experience and data monetisation solutions.
NARCL board recommends P Santhosh as MD & CEO
The board of NARCL recommends P Santhosh as the MD and CEO, succeeding N Sundar. Santhosh, a former Canara Bank CGM, has been the interim CEO since January. Several SBI officials were in the running for the position.
Thierry Delaporte, India's highest-paid CEO: Salary, Wipro role, education, experience
For the second consecutive year, Thierry Delaporte, the former managing director and CEO of Wipro, became the highest-paid CEO in the IT sector in FY24. On April 6, Delaporte submitted his resignation, and the company named 32-year veteran Srinivas Pallia in his stead.
LinkedIn India, Satya Nadella face MCA penalty: LinkedIn says reviewing fine for next step
LinkedIn is reviewing penalties imposed by the Ministry of Corporate Affairs for violating SBO norms. The Rs 27.1 lakh fines target LinkedIn India, Microsoft's CEO Satya Nadella, CEO Ryan Roslansky, and others. The order requires disclosure of significant beneficial owners, penalizing non-compliance. Appeal options are available within 60 days.
MCA fines LinkedIn India, Satya Nadella and 8 others for violation of Companies Act, 2013
In its order, reviewed by ET, the Registrar of Companies for the national capital region of Delhi and Haryana under the MCA said the company and the officials are liable for penal action for "failure to take necessary steps as per section 90-4A (of the Companies Act) to identify the SBO in relation to the company".
CapitaLand Investment appoints Sumit Gera as CEO- India Business Park
Sumit Gera appointed CEO of India Business Park by CapitaLand Investment Limited as part of leadership succession strategy. Gera takes over from Gauri Shankar Nagabhushanam, who becomes CEO of CapitaLand India Trust (CLINT), Asia’s first property trust focused on India. Sanjeev Dasgupta will be succeeded by Nagabhushanam in August 2024.
A leaner M&M charting new expansion path, looks to enter new industry, list 2 businesses, step up global presence
The group also aims to ensure that Tech Mahindra and Mahindra & Mahindra Financial Services (Mahindra Finance) realise their full potential besides bolstering the logistics, holidays and real estate businesses, which have been identified as “growth gems”
India among world's high-growing mkts; enterprise needs, innovation great fit for us, says Red Hat CEO
Red Hat - the enterprise open-source solutions company that IBM bought in 2019 for about USD 35 billion, marking its biggest acquisition ever - is working with a "great" foundation base in India and is at an exciting point where the company is amplifying capabilities with technology roles.
Apurva Sahijwani joins Avendus Wealth as MD and CEO
Avendus Wealth Management has named Apurva Sahijwani as its new managing director and CEO. Sahijwani, with extensive experience in the financial sector, will oversee the wealth team and utilize Avendus's platform to offer comprehensive advice to clients. Previously, he led Burgundy Private at Axis Bank and held various managerial roles at Kotak Wealth, ICICI Bank, HSBC, and Citibank.
Avinash Ramesh Godkhindi re-appointed as MD, CEO of Zaggle
Zaggle Prepaid Ocean Services, the parent company of fintech startup Zaggle, re-appoints Avinash Ramesh Godkhindi as MD and CEO. Godkhindi, with Zaggle since 2012, led Citibank's PremierMiles card launch in India. A University of Chicago Booth School of Business alumnus, he brings two decades of financial and fintech experience to Zaggle, founded by Raj P Narayanam in 2011. The company went public in 2023 with its IPO.
ET 40 under 40: Elite jury set to pick CEOs of tomorrow
Nita Ambani leads the 10th year of The Economic Times’ 40 under Forty listing, with a 13-member jury selecting India Inc’s future business leaders in Mumbai on May 9, including prominent figures from various industries.
Sanjeev Nautiyal to be Ujjivan Small Finance Bank's new MD & CEO
Sanjeev Nautiyal, former deputy managing director of State Bank of India, is set to become the managing director and CEO of Ujjivan Small Finance Bank from July 1 for a three-year term, approved by the Reserve Bank of India. He will join early as president, collaborating with current MD Ittira Davis for a smooth transition. Ujjivan, with significant loan and deposit figures, is among the prominent small finance banks.
India emerged as the most preferred market for tech giants: Apple CEO Tim Cook
India's tech importance rises with Apple's holistic approach, boosting revenue and market focus. Tim Cook praises India's talent pool and supply chains, emphasizing the significance of Indian production for global competitiveness.
Tata Sons Chairman N Chandrasekaran's top three focus areas for 2024: Growth, growth & growth
This was the theme that brought together around 500 Tata group leaders at the JW Marriott Marquis in Dubai over the weekend for their annual offsite meeting, said top executives at the $270 billion conglomerate. Trent chairman Noel Tata and his three children - Neville, Leah and Maya - attended the meet.
Pine Labs' Setu names former SAP executive Anand Raisinghani new CEO
API infrastructure company Setu, affiliated with merchant-focused digital payments firm Pine Labs, announced the appointment of Anand Raisinghani as its new CEO. With over two decades of experience, Raisinghani previously served as Vice President and Head of Professional Services at SAP India, and has worked with tech giants like Equifax, IBM, and Wipro. He will collaborate closely with Setu's co-founder Nikhil Kumar.
Vivek Wadhera joins Orix India as CEO & MD
Vivek Wadhera appointed Orix India's managing director and chief executive from April 2, with prior experience as group CFO. His expertise in money markets and strategic planning will enhance service offerings and customer experiences.
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