Effective leadership is a crucial component of a positive work environment since it significantly impacts a group's culture, direction, and productivity. In addition to creating a happy workplace, strong leadership boosts engagement, raises employee happiness, and enhances organizational performance. Businesses with strong CEOs typically beat their rivals, innovate more, and retain a higher percentage of their workforce. Here are the Key appointments by Industry Behemoths in 2024.
Rakesh Singh Named as New CEO of Paytm Money
Rakesh Singh has been named CEO of Paytm Money, the wealth management platform owned by One 97 Communications Ltd. Singh, the CEO of brokerage services at the PayU-backed Fisdom, joined Paytm Money last month. Paytm Money rivals services like Groww, Upstox, Zerodha, and Angel One. With revenue of Rs 132.8 crore, the wealthtech platform ended FY23 with a net profit of Rs 42.8 crore.
Prosus Elevates Ashutosh Sharma to Lead India, Southeast Asia Market
Ashutosh Sharma has been promoted to head Prosus's investments in Southeast Asia and India, one of the country's largest technology investors. Up until recently, Sharma led Prosus's venture division in India. Sharma joined Prosus in 2016, before which he was at Norwest Venture Partners and Qualcomm Ventures.
Sharma, who attended IIT-BHU Varanasi, oversaw the fund's investments in Meesho and Swiggy. In addition to actively collaborating with portfolio companies like Mensa Brands and Urban Company, he will oversee future investments for Prosus. In India and its neighbouring regions, Sharma will spearhead early and growth-plus prospects. Prosus aims to support outstanding technology businesses in a variety of industries, either through majority or controlled investments. The current state of the market gives well-capitalized enterprises like ours the chance to make investments in companies that will define a generation.
Microsoft India Onboard Irina Ghosh as COO
Irina Ghose has been appointed as the new chief operating officer of Microsoft India. In her new role, Ghose oversees Microsoft's whole national activities. Drawing on her more than two decades of expertise as a Microsoft employee, she hopes to continue working with more than 14,000 partners and clients, support India's digital transformation, and develop skill-building platforms for the country's youth.
SAP Appoints Subramanian Ananthapadmanabhan as SVP and Head of Midmarket
Subramanian Ananthapadmanabhan, also known as Subbu, has been appointed as the Senior Vice President and Head of the Mid Market by SAP Asia Pacific Japan. Under Subbu's leadership, a group of employees throughout the region will use the power of intelligent enterprise solutions to transform their companies. He will be responsible for spearheading the company's go-to-market strategy, emphasizing customer lifetime value enhancement, cloud hypergrowth, and the identification and development of new market categories.
Meesho Debdoot Mukherjee as Chief Data Scientist of Meesho
Meesho names Debdoot Mukherjee as the chief data scientist Meesho. Mukherjee takes charge of the business's efforts to use artificial intelligence to improve the intelligence and efficiency of every facet of the e-commerce industry. He will be in charge of Meesho's 30-person AI team, which he intends to grow to three times its current size by the end of the year.
Wipro appointments Anis Chenchah as CEO, APMEA and Satya Easwaran as Country Head of India
Anis Chencha has been appointed as the Chief Executive Officer of APMEA (Asia Pacific, India, Middle East, and Africa) and as a member of Wipro's executive board. Chenchah has been providing business process services, IT, and consulting for more than 20 years. Previously, Chenchah had a variety of leadership roles in Capgemini Financial Services in Europe and the Middle East.
Wipro also announced Satya Easwaran's appointment as the Country Head of India. Easwaran will help clients succeed in their business and digital transformation initiatives by utilizing Wipro's capabilities and investments in cloud, digital, engineering R&D, data/analytics, and cybersecurity.
Zypp Electric Strengthens Leadership Team with New Appointments
The executive team of Zypp Electric, a prominent tech-enabled EV-as-a-service platform in India, has welcomed four seasoned professionals to the company. These calculated hirings demonstrate Zypp's dedication to growing quickly and innovating as it works to upend the electric vehicle (EV) market in the country.
As the Senior Vice President (SVP) of E2W Operations, Ricky Singh joins Zypp Electric and brings a lot of expertise leading business expansion strategies. Having worked for organisations like Snapdeal, Healthkart, and Olx Autos, he is well-positioned to spearhead Zypp's aggressive expansion plans inside the two-wheeler industry.
Rahul Yadav joins Zypp Electric as Vice President (VP) of Technology, where he will oversee efforts in product and technology to grow the company's EV division. He has extensive expertise in converting business needs into cutting-edge tech products and has previously worked with Radio Mirchi, Airtel, and Times Internet. His goal of quadrupling Zypp's growth this year demonstrates his dedication to promoting technological innovation that improves the user experience.
At Zypp Electric, Sudhir Sharma assumes the position of Senior Vice President (SVP) of Finance. He has a track record of accomplishment in a variety of fields, including wellness, logistics, and software as a service. He will oversee finance and investor relations at Zypp and has experience in fundraising, cash flow management, strategic planning, and stakeholder management. His emphasis on establishing sound financial and operational procedures is in line with Zypp's goal of turning a profit this year while fostering long-term expansion and prosperity.
As the Vice President of E3W Operations, Sudipto Shome joins Zypp Electric. He specializes in growing the logistics operations for three- and four-wheelers across the country. Having completed his studies at NIT and XLRI Jamshedpur, Shome has a plethora of knowledge from his time working at CarDekho (Girnarsoft) and Manipal Group. His ability to build companies profitably and strike a careful balance between cost and quality will be crucial to Zypp's operational profitability and expansion in the wheeler market.
Yatra Online Appoints Gaurav Luthra as Chief Business Officer
With great pleasure, Yatra Online announces Gaurav Luthra's appointment as Chief Business Officer for New Business Development. With more than 28 years of expertise in the field, Gaurav is well-suited for his new position and will be leading the company's efforts to increase the range of corporate travel options it offers, with a special emphasis on mid-market clients. Having held the position of managing director of FCM Travel, which is a division of Flight Centre Travel Group (FCTG) in Australia, Luthra has had a distinguished career. He is known for his creative approach to product creation, technical innovation, and building strong partnerships with suppliers to boost revenue growth.
In his new position at Yatra, Luthra hopes to improve the company's mid-market and SME products by leveraging his extensive experience and demonstrated leadership abilities. Some of the new services he plans to introduce are business traveler-focused vehicle rentals and visa assistance. It is anticipated that this endeavor will result in substantial revenue growth for Yatra, hence strengthening its dedication to providing its customers with exceptional travel experiences.