MAM
Texmaco Rail & Engineering reshuffles key financial and compliance roles
MUMBAI: Texmaco Rail & Engineering Ltd. has announced significant management changes to enhance its financial oversight and regulatory framework.
Following a board meeting today, the company approved key appointments based on recommendations from the nomination and remuneration committee.
From 1 April 2025, Kishor Kumar Rajgaria will take over as chief financial officer (CFO). Previously serving as Joint CFO and company secretary, he has over two decades of experience in business planning, taxation, internal audit, and governance. His contributions have been integral to Texmaco’s financial strategy and compliance framework.
Additionally, Manaksia, SREI, and Emami veteran Sandeep Kumar Sultania will assume the role of company secretary & compliance officer. A seasoned professional with 27 years of experience, he has held management positions in these companies. As a chartered accountant, company secretary, & cost & management accountant, he brings extensive expertise in strategic finance, auditing, and regulatory compliance.
Commenting on the changes, vice chairman & executive director Indrajit Mookerjee said, “These management changes mark an exciting phase for Texmaco Rail & Engineering Rajgaria and Sultania’s extensive expertise and proven track records will play a vital role in further enhancing the company’s financial strength and compliance framework. I am confident that under their leadership, Texmaco will continue to achieve milestones in its growth journey.”
Managing director Sudipta Mukherjee added, “We are delighted to welcome Sultania into the management team and congratulate Rajgaria on his new role. Their appointments reflect our dedication to building a resilient organisation poised to meet evolving industry demands. Both head bring invaluable experience and strategic acumen, which will undoubtedly reinforce Texmaco’s commitment to operational excellence and sustainable growth.”
These appointments underscore Texmaco Rail’s commitment to strengthening its corporate governance and financial strategy, ensuring a solid foundation for future growth.
Digital
AI set to transform media and entertainment industry
From creation to monetisation, AI is rewriting how stories are made and found
MUMBAI: Artificial intelligence is no longer a backstage tool in media and entertainment. It is fast becoming the main act. Delivering the keynote at the FICCI-EY M&E Industry Report launch, Meta managing director and country head Arun Srinivas, laid out how AI is transforming the entire value chain, from content creation to discovery and monetisation.
At the heart of this shift is access. AI is breaking long-standing barriers of language and reach, allowing content to travel further than ever before. Films, short-form videos and creator-led stories are now being dubbed, subtitled and even lip-synced across multiple languages with ease. The result is a more fluid, borderless entertainment ecosystem where stories find audiences far beyond their original markets.
Discovery, Srinivas noted, is undergoing an equally dramatic shift. On platforms such as Instagram and Facebook, a significant share of content consumption now comes from recommendations rather than followers. AI-driven systems are increasingly acting as matchmakers, connecting viewers with content tailored to their interests. In simple terms, content no longer waits to be found, it finds you.
For advertisers and platforms, this intelligence is translating into sharper targeting and improved efficiency. AI tools can identify the right audiences, optimise campaigns and even assist in crafting narratives for advertisements. What was once manual and intuitive is now data-driven and predictive.
India, Srinivas argued, sits at the centre of this transformation. With millions of creators producing content in dozens of languages, the country is both a testing ground and a growth engine for AI-led innovation. A large and rapidly digitising population, widespread smartphone adoption and expanding 5G access are further accelerating this shift towards a digital-first media economy.
Creators are already tapping into AI tools for editing, translation, dubbing and audience insights, enabling them to refine content in real time. Studios, meanwhile, are using predictive models to gauge consumer sentiment and optimise release strategies. Advertisers are deploying AI across campaigns, while developers continue to build new layers of tools and services on top of these platforms.
Srinivas also pointed to emerging interfaces that could redefine how content is consumed. From AI-powered assistants embedded in everyday apps to wearable devices offering immersive, on-the-go entertainment and real-time translation, the next wave of innovation is set to be more interactive and deeply personalised.
The broader message was clear. AI is not just enhancing the media business, it is restructuring it. As creators evolve into full-fledged studios and content becomes inherently multilingual, the lines between production, distribution and consumption are blurring.
With its scale, diversity and digital momentum, India is uniquely positioned to lead this shift. If storytelling has always been the country’s strength, Srinivas suggested, AI could well be the force that amplifies it to a global stage.
