MAM
Bertelsmann arm acquires majority stake in Networkplay
MUMBAI: The publishing division of European media conglomerate Bertelsmann AG Gruner + Jahr has acquired a majority stake in Indian digital advertising network Networkplay.
Digital advertising agency Webchutney, incubated by Networkplay in 2008, was funded by Capital18, the venture capital arm of the Network18 group.
Gruner + Jahr India CEO Kuldip Singh will join the board at Networkplay shortly. He will also be the CFO of Networkplay.
The agency has presence on Internet, mobile and DTH platforms and partnerships with advertisers and publishers.
Since inception, Networkplay has been involved in creating effective and scalable advertising solutions across all digital platforms. Over the last three and a half years, the company has grown to reach an execution capability of over four billion impressions per month across 500 publishers and 350 advertisers.
Networkplay has also brought global event franchises such as ad:tech and iMedia Summits to India, in partnership with dmg::events, a leading international events company that manages over 80 events in over 25 countries.
Webchutney founder and CEO Sidharth Rao said, “Ram and his team have built an amazing business from an idea a few years ago. We are very proud and delighted to have believed in Networkplay‘s vision from the first day. A partnership with a leading global company, Gruner + Jahr, will propel Networkplay on a stronger, higher growth path.”
Gruner + Jahr is a media group and its Electronic Media Sales (EMS) division is a leader in the digital advertising space in Europe. G+J recently acquired majority stake in MaXposure Media and this is their second strategic investment in India.
BMR Advisors was the exclusive advisor to Capital18 and Webchutney on this transaction.
MAM
Bajaj Electricals appoints Rahul Pundir as chief supply chain officer
24-year P&G veteran to lead unified SCM from 2 March 2026.
MUMBAI: Bajaj Electricals just plugged in a supply chain superstar because when your operations need to run like clockwork, you don’t settle for a dim bulb. Bajaj Electricals Limited has appointed Rahul Pundir as chief supply chain officer, effective 2 March 2026. In this role, Pundir will spearhead the company’s unified supply chain management function, overseeing logistics, manufacturing, sourcing, planning and quality to build greater agility, resilience and efficiency.
Pundir brings over 24 years of global experience from Procter & Gamble, where he led complex supply chain operations across Asia, the Middle East & Africa, India and Japan. Known for driving large-scale digital transformations, he sharpened forecasting accuracy, enhanced manufacturing excellence and strengthened inventory agility in diverse markets.
Bajaj Electricals chairman Shekhar Bajaj said, “We are delighted to welcome Rahul Pundir to the Bajaj Electricals team. Supply chain excellence lies at the heart of how we serve our customers and partners every day. Rahul’s rich global experience and deep operational expertise will further strengthen our capabilities and help us build a more agile, resilient, and future-ready organisation.”
Bajaj Electricals Managing Director and CEO Sanjay Sachdeva added, “We are thrilled to welcome Rahul Pundir to Bajaj Electricals at an exciting phase of our growth. Rahul’s leadership will help us unlock greater efficiencies, elevate service levels, and build a more agile organisation that supports our long-term growth ambitions.”
The appointment comes as Bajaj Electricals headquartered in Mumbai with FY 24-25 turnover of Rs 4,828 crore continues to expand its portfolio across consumer appliances, fans, consumer lighting and professional lighting solutions under the Bajaj and Morphy Richards brands. Part of the $100 billion Bajaj Group founded by Jamnalal Bajaj in 1938, the company has maintained consumer trust for over 87 years through innovation and quality.
In an industry where every link in the chain matters, Bajaj isn’t just adding a new officer, it’s powering up its entire operation, one strategic hire at a time.
