Manmohan Ram, Managing Partner, Sundari Silks
No matter how much girls love flaunting western dresses; sarees hold a special place in their hearts. The vibrant colors, intricate designs, and rich fabrics make their hearts melt for the gorgeous sarees. If you love Indian ethnic wear and want to find the best luxury collections, Chennai-based Sundari Silks is here for you. With a legacy of 80+ years, it brings forth India's diverse handloom heritage to the world. Through the finest fabrics from across the land and the magical hands that work, Sundari Silks has gained a special place in the hearts of its customers. This legendary brand has now turned into one of the go-to online shopping portals for many new-gen shoppers. The brand best defines the phrase `Customer is the king!' It wins its customers with highquality products and ensures that they are satisfied, at all times. Everything from your apparel, to accessories, and decors, this retail cum e-Commerce platform beats the charts with its best fashion sense, where it provides traditional fashion essentials & ethnic collections, all in one place.
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Top 10 Leaders in e-Commerce – 2022
E-Commerce in India is at an initial stage when compared to that of global e-Commerce market. But the sector is growing at a very fast pace. It is the fastest growing and most exciting channel for commercial transactions. Seeing the highly favourable conditions and unexplored market in India, numerous global companies are eyeing on the Indian e-Commerce market. Rising income levels and growing awareness opens opportunity for many international brands in India. There is a growing appetite for international brands and better-quality foreign products amongst young Indians. Several categories including lifestyle products, consumer electronics, clothing, footwear, jewelry & accessories, health & beauty, household goods, art & collectibles, event tickets and online music are doing well for online sales. Especially sectors like event tickets, online music, clothing and consumer electronics are boosting the e-Commerce market in India.
Electronics is the biggest online retail sales category with a share of 48 percent, followed closely by apparel at 29 percent. The evolution of digital payments, hyperlocal logistics, analytics driven customer engagement and digital advertisements are the biggest reasons for the growth of e-Commerce sector in India. Initiatives like Digital India, Skill India, Startup India and Make in- India are supporting the growth of e-Commerce sector. Artificial Intelligence (AI) and machine learning make it possible for the customer to have automated, personalized shopping experiences. The piece of technology cannot be replaced in the stores. Increasing voice searches is increasing the possibility of utilizing the benefits of AI. Augmented reality (AR) has been a complete game changer for e-Commerce. These have added more to the growth of the industry.
There are more than 19,000+ e-Commerce companies in India, and it’s challenging to cut through the clutter. There are e-Commerce companies and their leaders from the all-encompassing providers to the super-niche selling goods. Even as regions begin to reopen, e-Commerce growth keeps climbing. Global e-Commerce sales are expected to reach $5 trillion in 2022, and $6 trillion by 2024. Merchants continue to follow consumer demand online, flocking to e-Commerce in record numbers. Amazon.in is leading the Indian e-Commerce market, with e-Commerce net sales of US $1,082 million in 2020 generated in India, followed by Ajio.com with US$ 983 million. Third place is taken by Bigbasket.com with revenues of US $929 million.
In this issue of CEO Insights, we bring you a list of ‘Top 10 Leaders in e-Commerce – 2022’ who have leveraged their extensive industry expertise and experience for the growth and profit of the respective organisations in which they have served. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.
Company Logo | Company Management | Company Name | Company Description |
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Amit Agarwal, Country Head | Amazon | An alumnus of IIT Kanpur, and the man behind the staggering rise of the company surpassing all the internal milestones in the Indian e-Commerce market |
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Ashish Hemrajani, Founder-CEO | BookMyShow | After completing his MBA from Sydenham University in 1997, he gave in to his passion for entrepreneurship, and founded India's number 1 online ticket booking platform BookMyShow for concerts, movies, plays, sports and live events |
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Deep Kalra, Founder | MakeMyTrip | Being a co-chair of CIIs National Committee on Tourism and Hospitality, he is passionate about Sustainable Tourism and has been championing this cause through the firm's Foundation |
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Falguni Nayar, Founder & CEO | Nykaa | An alumna of IIM Ahmedabad, leading the largest beauty retailer of the country and empowering customer choices and enabling brands to reach the breadth and depth of the country, & playing a critical role in developing the beauty market in India |
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Jitendra Joshi , CEO | Ambab Infotech | A Statistics graduate from Mumbai University, he has years of working experience with World’s Biggest marketplaces, Top Retailers, Leading SaaS solution Providers and Specialized e-Commerce Solution agencies |
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Kalyan Krishnamurthy, CEO | Flipkart | He Holds an MBA degree from Asian Institute of Management, the Philippines, and another MBA in Finance from UIUC College of Business, Illinois (US) ,and leading the the largest e-Commece in the country |
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Manmohan Ram, Managing Partner | Sundari Silks | With a legacy of 80+ years, his firm bring forth India's diverse handloom heritage to the world by providing the finest fabrics across the country |
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Prashant Jadhav, Co-Founder & CTO | FirstCry | He leverages the firm's success by having epertise in digital transformation and innovation across channels (web, mobile, social, kiosk, POS, in-store, warehousing, customer care, logistic), and Artificial Intelligent, Machine Learning and Big Data initiatives |
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Sarika Singh, COO-Dhampur Green Founder & Director-Myriad Resources | Dhampure Speciality Sugars | A business transformation leader, a communication expert, a published author, and an ace wordsmith who weaves content strategically impacting a wide spectrum of target audience |
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Siddharth Arya,, Design Director | Myntra | With around 20 years of experience in the Indian Fashion industry, his journey has lead him by various hights through Corporate attire designing, Film Costume designing, Celebrity dressing and more |
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