MAM
FreeCharge appoints Sudeep Tandon as chief business officer
MUMBAI: Online platform FreeCharge has roped in Sudeep Tandon as its chief business officer to further strengthen its senior leadership team.
Based out of Mumbai, Tandon will closely work with FreeCharge CEO and co-founder Kunal Shah.
Tandon’s appointment will enhance the corporate strategy and strategic alliances of the company.
Shah said, “FreeCharge is at an exciting stage post acquisition by Snapdeal and we are expanding management bandwidth to reach to next level. Tandon was key advisor during early days of FreeCharge and has deep understanding about the brand’s vision. His process-orientated approach and continuous push for innovation will strengthen our execution. I believe Tandon’s capabilities will help us leap ahead and bolster our vision.”
Tandon comes with over eight years of experience in telecom, technology strategy, product and business development. He has been associated with brands like Samsung, Cisco and Cartesian in the past.
Prior to FreeCharge, Tandon was an engagement manager at Cartesian, a telecom, media and technology (TMT) focused strategy consulting firm. At Cartesian, Tandon led several client engagements with a particular focus on solving strategic challenges for mobile network operators globally.
Tandon added, “I am excited to re-join FreeCharge as it is an enthusiastic workplace always experimenting with futuristic ideas and dipping hands into verity of variants like electricity and gas payments. I look forward to play an active role in this endeavour and innovate more and more.”
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
