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Amway India Appoints Sundip Shah as Chief Marketing Officer
MUMBAI: Amway India Enterprises Pvt Ltd, India’s largest selling FMCG Company and a wholly owned subsidiary of Amway Corporation, USA, has appointed Sundip Shah as Chief Marketing officer, Amway India. Mr. Shah takes over the responsibility from Naveen Anand who has been promoted to a new global role at Amway Corporations, headquarters, Michigan. In his new role, Mr. Shah will be responsible for managing the overall marketing operations. He will be based in Amway India’s corporate headquarters in Gurgaon (NCR).
Mr. Shah brings with him a rich experience of over 23 years in diverse fields including sales, marketing, advertising and new product development. Mr. Shah is well respected for his extensive skills and knowledge across various management functions. Prior to joining Amway, he worked with Heinz India Private Limited where he was heading marketing and played an instrumental role in driving business growth.
Congratulating Mr. Shah on his appointment, Mr. William S. Pinckney, Managing Director & CEO, Amway India said, “The success of a company often rests on a solid reputation and it is the marketing function that helps build this reputation. Sundip Shah is an accomplished manager, communicator and marketing specialist with a proven track record of enhancing the company’s performance. He has worked on a number of strategies that have helped drive growth. It is his desire to excel and his commitment towards work that has helped him achieve professional accomplishments.”
Mr. Shah is an Engineering Graduate from Indian Institute of Technology, Banaras Hindu University, Varanasi and a Post Graduate from Indian Institute of Management, Ahmadabad. His other interests include movies, bridge, table tennis and swimming.
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UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
