MAM
CarDekho appoints Sharad Saxena as CEO of used car business
Mumbai: Homegrown auto-tech company CarDekho Group has appointed Sharad Saxena as CEO of the used car business. He will operate out of the company’s Gurugram office and will report to CarDekho Group CEO and co-founder Amit Jain.
In this role, Saxena will oversee the pan-India used car business of the company, team development and work on strengthening the organisation’s business offering through retail and dealer relationships, said the company in a statement.
“Sharad’s proven track record of scaling up varied businesses profitably in demanding circumstances, team development and strategic thinking will be immensely beneficial as we embark on CarDekho’s next growth phase,” stated Amit Jain. “His deep knowledge and expertise will enable us to supercharge the Used Car business while we continue delighting our customers.’
With 16+ years of experience in various globally reputed organisations across a wide range of sectors, Saxena has built and nurtured several high-performing teams and businesses. He is a well-respected business leader with expertise in strategic business management, large-scale business transformation, and people leadership.
Before joining CarDekho, he was working with McKinsey & Co India as a senior advisor serving large pharma and healthcare clients on business strategy, commercial excellence, and digital transformation. Before McKinsey, he was working with OYO Rooms as COO for their flagship hotels franchise business in South Asia. His other professional experience spans different marquee organisations (ITC Ltd, Max Healthcare, Ranbaxy) in various strategic capacities.
He is an alumnus of IIT Delhi and IIM Ahmedabad.
“I am very excited to be a part of the CarDekho Group and lead the used car team, which has achieved several milestones in the recent past,” said Sharad Saxena. “I look forward to working with the team to provide an exceptional experience to our customers, execute the organization’s growth plans and create exponential value for all the stakeholders.’
With a presence in over 100 markets across India, CarDekho is on track to launch its flagship CarDekho Mall and mega refurbishment factories across multiple cities throughout the country, said the statement.
MAM
Reed Hastings to exit Netflix board as company posts steady growth
Shares dip 8 per cent as cofounder exits; revenue up 16 per cent to $12.25 billion.
MUMBAI- When the man who taught the world to binge decides to log off, the credits don’t just roll, they reset the script. Reed Hastings is set to step away from Netflix, marking the end of a defining chapter for a company that reshaped global entertainment even as its latest numbers suggest a business finding firmer footing.
Hastings, who co-founded Netflix nearly three decades ago and transformed it from a DVD-by-mail service into a streaming powerhouse, will not stand for re-election at the company’s annual meeting in June. While the company offered little detail on his next move beyond philanthropy and personal pursuits, the symbolic weight of his departure was immediate. Shares fell around 8 per cent following the announcement, underlining how closely Hastings remains tied to investor confidence and the company’s long-term vision.
The exit comes at a moment of recalibration. Netflix has been working to stabilise growth after a period of strategic turbulence, including the loss of a high-profile $72 billion deal involving Warner Bros. Discovery to Paramount Skydance, a setback that raised fresh questions about its ambitions in large-scale content consolidation. Yet, if the deal slipped, the fundamentals appear to be holding.
For the first quarter, Netflix reported revenue growth of 16 per cent to $12.25 billion, slightly ahead of expectations, while earnings per share nearly doubled to $1.23 from 66 cents a year ago. The company reaffirmed its full-year outlook, projecting double-digit revenue growth, expanding margins and strong free cash flow signals aimed squarely at calming post-announcement jitters.
In its shareholder communication, Netflix struck a careful balance between legacy and continuity. Its mission, it reiterated, remains unchanged: to serve a global audience with diverse storytelling across languages and cultures. The message was clear—while a founder may exit, the playbook stays in motion.
At the same time, the company is quietly redrawing that playbook. Netflix is leaning into newer formats such as video podcasts and live programming, including events like the World Baseball Classic in Japan, reflecting a broader industry shift where streaming, television and live experiences increasingly overlap. Advertising, once an afterthought in its subscription-first model, is now moving centre stage, with the company projecting ad revenues of $3 billion in 2026 roughly double current levels.
Still, some questions linger in the wings. Chief among them is how Netflix plans to deploy the $2.8 billion termination fee from the collapsed Warner Bros deal. With competition for premium content intensifying, capital allocation decisions in the coming quarters could prove as consequential as the leadership transition itself.
For now, Netflix finds itself in a familiar paradox: a company built on disruption navigating continuity. Hastings may be stepping off the stage, but the show by design goes on.
