Just a year after the acquisition by Quikr, the three founders of real estate portal Common Floor viz. Sumit Jain, Vikas Malpani, and Lalit Mangal have quit the company. CommonFloor was working as an independent entity, to date, post-acquisition. After their resignation, it is still unclear on whether the trio will be heading towards another venture together or will be opting for separate gigs.
Also, Bengaluru-based online lingerie retailer, Zivame’s founder Richa Kar has stepped down from the daily business operations of the portal. Shaleen Sinha, who was hired as the Chief Operating Officer (COO), in November 2015, has taken over, as a result of what is being called an investor-led rejig.
Let’s have a look at other important movers and shakers of the week.
Nirvana Excursions Ropes In Ex-Associate Vice President Of 24x7booking
M. Kadiravan, former Associate VP of online booking platform 24x7booking.com, has joined Nirvana Excursions.
Kadiravan excels in handling and contracting groups for International tours and has single-handedly managed and expanded the entire customized travel and MICE divisions of 24x7booking.com. He has also been solely responsible for setting up the holiday products division and designing all the new and innovative packages for the platform.
Over the course of his career, Kadiravan has also been responsible for handling all-India sales and operations and product development for Via.com and handling the setup of new divisions for Cox And Kings India.
Bharti AXA General Insurance Appoints Sanjeev Srinivasan As CEO & MD
Bharti AXA General Insurance, a joint venture between Bharti Enterprises and AXA, has appointed Sanjeev Srinivasan as its Chief Executive Officer and Managing Director.
Sanjeev joined Bharti AXA in August 2016 as Chief Commercial and Principal Officer and now takes over the role of CEO & MD. Sanjeev’s main focus will be to drive Bharti AXA’s go-to-market strategy of creating a balanced portfolio, driving new distribution tie-ups and creating a customer centric brand to drive profitable growth.
Sanjeev comes with a stellar track record of over 20 years of experience spanning both life and general insurance, manufacturing, and logistics. He joined Bharti AXA from ICICI Lombard where he was heading Marketing, Bank assurance and e-business in his last assignment.
He has earlier worked with leading companies including Fullerton India Credit Limited, ING Life Insurance, Mahindra & Mahindra Ltd, Xerox India Limited and DHL Worldwide.
CoinTribe Ropes In Sunil Gulati As Independent Director
An IIM-A Gold medalist, Sunil has over 33 years of global experience in the banking industry and has served in senior positions in several multinational and domestic banking entities including Bank of America, GE Capital Services India, ING, Yes Bank and RBL Bank.
Sunil is the Chairman of Merisis Advisors, a boutique investment bank and an Independent Director at Empays Payment Services, and Varthana Finance. He is also an advisor to Suryoday Microfinance and Insense Analytics. He is also a Council Member of Gerson Lehrman Group, a Charter Member of TiE Mumbai and serves on the Investment Committees at Infinity Alternatives Advisors and WEH Ventures. He has previously been an Independent Director at Aztec Technologies as well as a board trustee at ING Investment Management.
Over the past 15 years, Sunil has been pivotal in rapidly growing and transforming banking institutions to establish them as mainstream national players. In his previous stint, his contributions enabled RBL Bank to grow more than 15 times across corporate, retail, capital markets, agriculture and financial inclusion in a period of six years while maintaining one of the best quality asset portfolios in the country.
Previously, he was the Group President at Yes Bank in its early growth phase and was responsible for a range of portfolios including risk, wholesale banking and retail assets.
Tech Mahindra Head CP Gurnani Joins Scale Ventures
Delhi-based Scale Ventures that invests primarily in early-in-revenue startups has appointed CP Gurnani – CEO & MD of Tech Mahindra and present Chairman of NASSCOM as their Chairman (Advisory). Gurnani brings in more than three decades of vast experience on table for Scale Ventures.
Gurnani, a chemical engineer from the National Institute of Technology, Rourkela has over 35 years of experience in the industry. He has previously worked at Hewlett-Packard Limited, Perot Systems (India) Limited and HCL Corporation Ltd, and led the merger of Tech Mahindra with Satyam.
CP was chosen as the Ernst and Young ‘Entrepreneur of the Year [Manager]’, CNBC Asia’s ‘India Business Leader of the Year’, Dataquest ‘IT person of the Year’ – for the year 2013 and Business Standard ‘CEO of the Year’ 2014. He was also recently awarded the ‘Best CEO of the Year’ at the Forbes India Leadership Awards 2015. He was also recently being featured among the top 100 global CEOs as part of The Wall Street Journal CEO Council 2016.
CP strongly believes in promoting child education. He is an active member of the Tech Mahindra Foundation – launched in 2007 to help the underprivileged children with 116,000 beneficiaries & counting. CP, along with his wife Anita, have founded ‘Titliyan’ – an NGO located in Noida spreading smiles, happiness, and education to more than 140 underprivileged children – a dream project for the Gurnanis.