MAM
Pizza Hut elevates Unnat Varma as APAC MD
MUMBAI: Pizza Hut International, a subsidiary of Yum! Brands, has elevated the post of Unnat Varma from MD India Subcontinent to MD of Asia Pacific region. Varma will be based out of Singapore and report to Vipul Chawla, President, Pizza Hut International. He will be looking after over 5,500 stores across 22 countries.
The company has also integrated its India sub-continent unit into the Asia Pacific business unit.
Varma has an impressive work experience of 24 years. He had joined Yum! Brands as director marketing with KFC, in 2006. He then went on to work for Taco Bell as GM, and Pizza Hut as GM and MD for India Subcontinent Region. Prior to joining Yum! Brands. Unnat Varma had worked with Gillette for around 12 years.
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.
