MAM
Jayant Kapre joins Avon as new MD India
MUMBAI: Avon announced the appointment of Jayant Kapre as the new managing director for Avon India. In his new role, Kapre will be responsible for driving the overall growth for Avon businesses in India.
Kapre is a seasoned leader with more than two decades of work experience across industries. He has spent the last 10 years building profitable businesses from the ground up in Indian as well as south-east Asian markets. Kapre has a successful track record of leading multinational organisations, while independently managing the complete business and P&L (Profit and Loss) responsibilities.
In his previous roles, he has worked with Unilever, Wrigley, PepsiCo and United Biscuits across business leadership roles. He is a specialist in starting up businesses and brands in new spaces, and further, has experience in managing various go-to-market channels viz. general trade, modern trade and e-commerce.
Commenting on his new role at AVON, Kapre said, “I am truly inspired by the work AVON has been delivering over the last 130 years to economically empower women through beauty and the commitment to making a positive social, economic and environmental impact to local communities. Together with a strong purpose-driven approach at heart, innovative and iconic products to meet the needs of Indian consumers and a highly capable team, I am looking forward to driving the next phase of growth for the business and contributing to its success.”
Kapre has done his masters in business administration from IIM Ahmedabad, one of the top B-schools of India, and BA in economics from Hindu College, Delhi University.
Brands
Oyo parent Prism appoints former Sebi chief Ajay Tyagi to Board
Former market regulator joins Prism to strengthen governance for IPO
NEW DELHI: Prism, the parent entity of Oyo, has appointed former Sebi chairman Ajay Tyagi as an independent director, as the hospitality firm gears up for its planned Rs 6,650 crore initial public offering (IPO).
Tyagi, a 1984-batch IAS officer, served as chairman of the Securities and Exchange Board of India (SEBI) from 2017 to 2022. His appointment is aimed at strengthening the company’s governance framework and providing strategic oversight as it moves closer to a public listing.
He joins a high-profile board that already includes several prominent names from global business and policy circles. These include Troy Matthew Alstead, former CFO and group president of Starbucks; Aditya Ghosh, co-founder of Akasa Air; Deepa Malik, paralympic athlete and Padma Shri awardee; William Steve Albrecht, professor of accountancy at Utah State University; and Bejul Somaia, partner at Lightspeed Venture Partners.
Prism founder Ritesh Agarwal, said Tyagi’s experience in capital markets regulation and public-institution stewardship will be critical as the company scales operations and enhances long-term accountability.
The company recently filed preliminary papers with Sebi to raise Rs 6,650 crore through a confidential route. Market sources estimate its valuation will be in the range of $7 billion to $8 billion.
Over the course of his career, Tyagi has held senior roles in the ministry of finance, where he oversaw investment policy and financial-sector reforms. His induction to the Prism board signals a renewed focus on aligning the company’s internal standards with the stringent requirements of public markets as it advances toward its IPO.
