MAM
Capital India Finance Limited appoints Dr Harsh Kumar Bhanwala as Executive Chairman
NEW DELHI: Capital India Finance Limited, today announced the appointment of Dr Harsh Kumar Bhanwala, an Industry Veteran and former Chairman – NABARD, as the Executive Chairman, to the board with effect from August 6, 2020.
Welcoming Dr. Harsh Kumar Bhanwala on board as Executive Chairman Capital India Finance Limited promoter SK Narvar said,” We are extremely pleased to have Dr Bhanwala on board with us as Executive Chairman and extend our warmest regards and good wishes on behalf of the entire team at Capital India Finance Ltd (CIFL). I am confident that Dr. Bhanwala’s immense experience of more than two decades will add greater value to the Capital India Group and take it to the next growth phase. I wish him a successful journey ahead and look forward to his valuable insights and expertise to fuel Company’s growth plans”
Speaking on the appointment, Dr Bhanwala said: “I am delighted to be a part of Capital India family. It’s a great opportunity to work with the incredible pool of talent present in the company. With my 25 years of experience in the financial sector, I am confident to add value to the company's operation enabling further growth of Capital India.
In these challenging times when the whole world is fighting Covid-19 pandemic, it is important for companies in the financial sector to stay relevant and keep introducing innovative strategies to create large customer base and achieve company’s growth. “
Prior to joining, Capital India, Dr Bhanwala has been the Chairman – NABARD and the Executive Director of India Infrastructure Finance Company Ltd. (IIFCL) and functioned as its Chairman and Managing Director from 2012 to 2013.
Dr Bhanwala holds a Post-Graduate degree in Management from IIM, Ahmedabad and is also a PhD holder. He has also been the Managing Director of Delhi State Cooperative Bank Ltd (DSCB), during its turning around (1999 to 2005). During his stay with NABARD & DSCB, he led various initiatives related to Financial Inclusion, Microfinance, Coop. Credit Institutions, Rural Infrastructure Project Development and Project Appraisal related to Agricultural Projects.
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Abhay Duggal joins JioStar as director of Hindi GEC ad sales
The streaming giant brings in a seasoned revenue hand as the battle for Hindi television advertising heats up
MUMBAI: Abhay Duggal has a new desk, and JioStar has a new weapon. The media and entertainment veteran has joined JioStar as director of entertainment ad sales for Hindi general entertainment channels, adding 17 years of hard-won revenue experience to one of India’s most powerful broadcasting operations.
Duggal is no stranger to big portfolios or bruising markets. Before joining JioStar, he spent a brief stint at Republic World as deputy general manager and north regional head for ad sales. Before that, he put in three years at Enterr10 Television, where he ran the north region for Dangal TV and Dangal 2, two of India’s leading free-to-air Hindi channels. The north alone accounted for more than 50 per cent of total channel revenue on his watch, a number that tends to get attention in any sales meeting.
His longest stint was at Zee Entertainment Enterprises, where he spent over six years rising to associate director of sales. There he commanded the Hindi movies cluster across seven channels, owned more than half of north India’s revenue across flagship properties including Zee TV and &TV, and closed marquee sponsorships across the Indian Premier League, Zee Rishtey Awards and Dance India Dance. He also handled monetisation for the English movies and entertainment cluster and the global news channel WION, a portfolio that would stretch most sales teams twice his size.
Earlier in his career Duggal closed what was then a Rs 3 crore single deal at Reliance Broadcast Network, one of the largest in Indian radio at the time, before that he helped launch and monetise JAINHITS, India’s first HITS-based cable and satellite platform.
His edge, by his own account, lies in marrying data and instinct: translating audience trends, inventory signals and client demands into long-term partnerships built on cost-per-rating-point discipline rather than short-term deal chasing. In a media landscape being reshaped by streaming, fragmented attention and AI-driven advertising, that kind of rigour is increasingly rare and increasingly valuable.
JioStar, which blends the scale of Reliance’s Jio platform with the content firepower of Star, is doubling down on its advertising business at precisely the moment the Hindi GEC market is getting more competitive. Bringing in someone who has spent nearly two decades doing exactly this, across some of India’s most watched channels, is a pointed statement of intent. Duggal has spent his career turning audiences into revenue. JioStar is clearly betting he can do it again, and bigger.
