MAM
RCom appoints Srinivas as circle business head (wireless)
MUMBAI: Reliance Communications has strengthened its senior management team with the appointment of Srinivas M as the company’s circle business head, wireless business, Tamil Nadu and Kerala.
Srinivas will be based out of RCom’s Chennai office and will report to RCom’s national head for GSM operations Ramesh Menon.
Reliance Communications CEO Gurdeep Singh said, “We are delighted to have a person of Srinivas’ experience and stature on board the RCom Wireless Leadership Team, as he brings with him relevant industry insights and knowledge, which will help us bolster our operations in Southern India. We wish him the best in his new role and are confident of further consolidating our presence in the Tamil Nadu and Kerala circles under his leadership.”
Prior to joining Reliance Communications, Srinivas was working with Idea Cellular as chief operating officer, managing the National Pre-Paid and distribution business of the telco, based out of the corporate office in Mumbai for a period of 10 years.
Srinivas has also worked with Agro Tech Foods, Wrigleys, Data Access and Madura Coats.
Brands
Dabur buys minority stake in Ras Beauty for Rs 60 crore
Dabur Ventures deal backs fast-growing luxury skincare brand
MUMBAI: Dabur India Limited has dipped into the world of luxury skincare, signing a definitive agreement to acquire a minority stake in Ras Beauty Private Limited for Rs 60 crore. The investment marks the first bet from Dabur Ventures, the FMCG major’s Rs 500 crore platform set up in October 2025 to back high-potential, new-age direct-to-consumer brands.
Founded in Raipur by Shubhika Jain, her sister Suramya Jain and their mother Sangeeta Jain, Ras Beauty has grown from a family-led passion project into a fast-scaling “Farm-to-Face” skincare label. Its range of face elixirs, serums and moisturisers blends essential oils with nature-derived actives, striking a balance between botanical purity and laboratory precision.
The numbers tell their own story. Ras has clocked a three-year Cagr of around 75 per cent and an annual run rate of approximately Rs 100 crore, all while maintaining strong gross margins. That growth has been fuelled by a digital-first approach, in-house R&D and manufacturing, and a sharp focus on clean, sustainable sourcing.
Dabur India executive director and group head corporate strategy Abhinav Dhall, said the company was drawn to Ras’s distinct positioning at the intersection of nature, science and luxury. He added that the premium beauty segment is poised for robust expansion over the coming decade, and that Ras is well placed to capture that opportunity.
For Ras, the partnership is as much about scale as it is about shared philosophy. Co-founder and CEO Shubhika Jain said Dabur’s 141-year legacy of building trusted, purpose-led brands makes it a natural ally. The capital infusion, she noted, will help accelerate the brand’s omnichannel footprint, deepen research capabilities and invest in team and brand building, with an eye on establishing Ras as a leading Indian luxury skincare name both domestically and overseas.
With this move, Dabur is not just investing in a skincare label. It is placing an early wager on India’s growing appetite for premium, conscious beauty, and signalling that heritage FMCG players are ready to play in the new-age D2C arena.
