MAM
Assembly Global appoints Vivekanand Kini as regional director APAC
MUMBAI: From Yahoo to Hungama, from HP to Akzonobel and now, the Assembly hall. Vivekanand Kini has joined Assembly Global as regional director for client experience, a move that marks the next chapter in a 15-year-plus career spent shaping digital journeys for some of the world’s biggest brands.
Kini, who steps into the role this September, brings 18 years of experience across digital marketing, e-commerce, and client strategy, including 8 plus years in leadership positions. Most recently, he was regional head of digital & e-commerce at Akzonobel (2022–2025), where he spearheaded digital growth across Asia. Before that, he helmed HP’s digital marketing for over six years (2016–2022), leading campaigns and customer experience initiatives out of Gurgaon.
His career foundation was laid at agencies and media firms: Havas Media (2013–2016) as associate director for media, Saatchi & Saatchi (2012–2013) as senior manager for client servicing, and Yahoo (2011) where he drove online media spends in retail. He began his digital journey at Hungama (2010–2011), managing brand solutions for marquee clients such as 7UP, Bacardi, LG, and Maruti Suzuki.
At Assembly Global, Kini will be tasked with deepening client relationships, scaling regional strategies, and ensuring Assembly’s philosophy of Showup, Makechange, and Winwell translates into measurable client success. His portfolio of skills spans Adobe experience manager, marketing mix modelling, conversion optimisation, growth marketing, customer insight, and media trends expertise Assembly hopes will fortify its client-first positioning in Asia.
Kini described the new role as a “perfect fit” for his passion for partnership and impact: “Mobility, technology and customer behaviour are evolving rapidly. This is an opportunity to reimagine client experience at scale, powered by both empathy and innovation.”
For Assembly, a company known for its digital-first, culture-driven marketing approach, Kini’s appointment comes as it doubles down on APAC expansion and builds on its strong momentum with global clients.
Looks like Assembly has found its newest building block and Kini is ready to cement lasting partnerships.
Brands
Ola Electric revenue falls, losses continue in December quarter
Company cuts expenses and seeks fresh funds as sales slow and regulators raise questions.
MUMBAI: It seems Ola Electric is currently navigating a bit of a patchy connection, and we are not just talking about a dropped Bluetooth sync on the dashboard. The electric vehicle (EV) giant’s latest financial results for the quarter ended 31 December 2025 have hit the wires, and the numbers are looking more short circuit than supercharged.
The company’s consolidated revenue from operations for the December quarter came in at Rs 470 crore, a significant deceleration from the Rs 690 crore recorded in the preceding quarter. The comparison to the same period last year is even more stark, when revenue stood at a much loftier Rs 1,045 crore. Despite a small recharge of Rs 18 crore from previously unclaimed government subsidies under the EMP5-2024 and PM E-Drive schemes, the overall income trajectory has clearly lost its torque.
Total income for the quarter stood at Rs 504 crore, while the bottom line remained firmly in the red, with a quarterly loss of Rs 487 crore. For the nine-month period ending December 2025, the total accumulated loss has now ballooned to a staggering Rs 1,333 crore.
In an effort to keep the wheels from falling off, Ola has been aggressively downshifting its expenditure. Total expenses for the quarter were slashed to Rs 741 crore, a massive drop from the Rs 1,505 crore spent during the same quarter the previous year.
This belt-tightening suggests a pivot toward leaner operations as the company attempts to find a sustainable cruising speed. However, even with these deep cuts, the going concern tag is being sustained largely by Rs 1,503 crore in remaining IPO proceeds, along with a fresh shareholder approval to raise another Rs 1,500 crore through equity or convertible securities.
The National Stock Exchange (NSE) and SEBI have also been examining the matter closely, questioning why Ola’s press claims did not align with official Vahan portal data. The company had earlier announced 25,000 units sold in February 2025, but has now clarified to regulators that this figure referred to vehicle bookings rather than final registrations. Under Ola’s accounting policy, a sale is recognised only once the scooter is delivered and registered. Management maintains that this clarification will not have a material impact on the financials, although it has certainly raised eyebrows in the market.
The group’s cash flow situation remains under pressure. For the nine months ended 31 December 2025, Ola reported a negative cash flow from operations of Rs 866 crore, attributing it primarily to lower-than-expected growth in sales volume.
Adding to the complexity are the new Labour Codes. The company has already factored in an additional Rs 5.06 crore in liabilities due to changes in wage definitions affecting gratuity. Meanwhile, the Cell segment, which represents Ola’s major bet on battery manufacturing, is still at an early stage. It contributed just Rs 9 crore to revenue, compared to Rs 407 crore from the automotive segment.
As Ola attempts to navigate this financial fog, the message is clear: the road to an electric future is paved with expensive ambitions. For now, the company is applying the brakes to avoid a deeper skid.
