MAM
Sanjay Agarwal’s family office acquires stake in Jaipur Lit Fest producer – Teamwork Arts
Mumbai: The family office of Sanjay Agarwal, founder, AU Small Finance Bank, has joined hands with Teamwork Arts, producer of the world’s largest literary gathering, the renowned Jaipur Literature Festival – the ‘Greatest Literary Show on Earth’.
Teamwork Arts produces 33 annual festivals across 72 cities in 21 countries including Australia, Canada, Egypt, France, Germany, Hong Kong, Italy, Israel, Korea, Singapore, South Africa, Spain, UK, USA.
Teamwork Arts co-founder Sanjoy K Roy and his colleagues bring together a seasoned team excelling in creativity and in curating g immersive experiences that intersect knowledge, literature and the arts and innovation, Sanjay Agarwal and his family office bring their financial heft and understanding to help grow the existing Teamwork Arts brands and create new opportunities and platforms for excellence in the arts. Collectively, the two organisations have joined hands to envisage and create value for the arts in India and abroad.
This year, Teamwork Arts brings to the city of Jaipur the grand literary extravaganza, the Samsung Galaxy Tab S9 Series Jaipur Literature Festival, which will see over 550 writers, speakers, and performers, representing 16 Indian and 8 international languages. The Indian languages include Assamese, Awadhi, Bengali, Hindi, Kannada, Kashmiri, Kurukh, Malayalam, Odia, Punjabi, Rajasthani, Sanskrit, Tamil, Toda, Urdu, and the Banjara language – Lamani (Lambada). In its 2023 edition, the iconic Festival reached out to 250 million people.
Sanjay Agarwal, a Jaipur native and visionary banker, understands the power of ideas. Taking tradition forward, Sanjay Agarwal’s family office, known for fostering art, culture, and sports, is proud to preserve the legacy of Jaipur Literature Festival, and other literary festivals and their cultural significance. Marking a significant association between banking and culture, he sees a deeper and meaningful connection by being an integral part of Teamwork Arts. This bears upon itself the responsibility to craft a platform for ‘Freedom of Expression’, where knowledge, innovation, and creativity thrive. His commitment to Jaipur’s cultural ecosystem is reflected in initiatives like ‘AU Jaipur Marathon’, ‘AU Jairangam’ and ‘Ibaadat’ programmes etc.
AU Small Finance Bank founder, MD & CEO Sanjay Agarwal said, “My association with Sanjoy K. Roy and Teamwork Arts will be instrumental in various experiential and intellectual events hosted across the world. We look forward to weaving new chapters into the rich tapestry of literary events, creating a space where ideas flourish, voices resonate, and the cultural spirit of the nation finds global relevance sonance. It is a profound and joint responsibility to not only preserve the cultural legacy but also elevate it to new heights. I am both honoured and thrilled to embark on this incredible journey with Teamwork Arts, the Samsung Galaxy Tab S9 Series Jaipur Literature Festival being the maiden event.”
Speaking at the occasion, Jyoti Agarwal said, “Both Sanjay and I believe in the power of culture to bind and propel societies and consider it our duty to support initiatives in this space. The Jaipur Literature Festival has been an iconic initiative and is especially dear to us given its Jaipur roots. We have long admired the great work being done by Teamwork Arts and feel humbled and honoured to be part of its even more purposeful, future journey. Sanjay and I see an immense potential in Teamwork Arts to help build a better society, fuelled by culture, art, dialogue, and a never-satisfying hunger for knowledge.”
Supporting the vision, Teamwork Arts MD Sanjoy K Roy said, “We are delighted to join hands with the Sanjay Agarwal Family Office and see this as a way to continue to create value for the arts and to take forward the responsibility of creating diverse platforms for artistic expression where knowledge, innovation, and creativity come hand in hand.”
The Jaipur Literature Festival brings together some of the world’s best intellectual minds on a singular platform where ideas, ideologies, viewpoints, and worldviews are discussed, debated, and challenged. Dubbed as the world’s ‘greatest’ literary gathering, the Jaipur Literature Festival takes India to the world and brings the world to India.
MAM
Tata Communications CEO A S Lakshminarayanan retires
Seasoned leader hands over reins after guiding the company through key growth years.
MUMBAI: Tata Communications is turning a new page and this time, the chapter is being written by a fresh voice from the same trusted book. The company has announced the retirement of its managing director and chief executive officer, A S Lakshminarayanan, effective at the close of business on 13 April 2026. Lakshminarayanan’s departure marks the end of a significant chapter in the company’s leadership journey.
The board expressed appreciation for his contributions during his tenure, acknowledging the role he played in shaping the organisation. In January 2026, the board had already appointed Ganesh Lakshminarayanan as managing director and CEO (Designate), ensuring a smooth leadership transition.
Ganesh Lakshminarayanan brings over three decades of experience across domestic and global enterprises. He currently serves as Managing Director and Group Vice President at ServiceNow India, where he has focused on driving enterprise adoption of AI-led digital transformation and strengthening go-to-market capabilities. Prior to this, he led Bharti Airtel’s enterprise business as CEO of Airtel Business and earlier headed its Enterprise division. His career also includes roles as Chief Operating Officer at Capillary Technologies, along with advisory positions at Ernst & Young and Sequoia Capital.
The transition reflects Tata Communications’ focus on continuity while bringing in fresh perspectives to navigate the rapidly evolving digital infrastructure landscape.
In the fast-moving world of global communications, leadership changes are like well-timed signal switches necessary to keep the network strong and the journey smooth. As A S Lakshminarayanan steps down, Ganesh Lakshminarayanan steps up, ready to carry forward the legacy while steering the company into its next phase of growth.
