MAM
Gaurav Malhotra steps down as MD of Hansgrohe India
Mumbai: Hansgrohe India has announced that Gaurav Malhotra has stepped down from his role as managing director, effective 30 September. Since his appointment in 2017, Gaurav has been a pivotal leader, driving significant growth and innovation in the organization. After a successful nearly eight-year tenure at Hansgrohe India he has chosen to take a personal sabbatical. Following his departure, vice president Asia – Thomas Stopper will take over Gaurav’s responsibilities on an interim basis to ensure a seamless transition and continued momentum for India operations.
During his tenure, Gaurav Malhotra spearheaded key initiatives that solidified Hansgrohe India’s position as a leader in the Indian bathroom industry and fostered strategic partnerships in the real estate and hospitality sectors.
Currently, Thomas has been with Hansgrohe Group for 15 years, during which he has held various key positions. Known for his strategic thinking and execution-oriented mindset, Thomas is a passionate leader who excels at bridging cultures and connecting headquarters with local markets. He is committed to maintaining the momentum established by Gaurav Malhotra and has a clear vision for driving innovation and growth at Hansgrohe India.
“We extend our heartfelt gratitude to Gaurav for his invaluable contributions to Hansgrohe India and wish him the very best in his future endeavours,” stated Hansgrohe Group’s VP Asia, Thomas Stopper. “His leadership has been instrumental in driving our success and enhancing our brand’s reputation in the Indian market. We look forward to following his journey and are excited to see the great things he will accomplish in the future.”
As Hansgrohe India transitions into this new phase, the company remains dedicated to enhancing its market presence and delivering innovative solutions that redefine bathroom spaces across the country.
MAM
PwC India announces leadership change in Deals practice
Shashank Jain steps down as co-leader after nearly three decades with the firm.
MUMBAI: When one dealmaker steps off the pitch, another is ready to take the baton because in the fast-moving world of transactions, the game never really stops. PwC India has announced a leadership transition in its Deals practice, with Shashank Jain stepping down from his role as co-leader to pursue an opportunity in the industry. The practice will continue to be led by Mohit Chopra, ensuring continuity and sustained growth momentum.
PwC India partner and leader for advisory dinesh Arora paid tribute to Jain’s contributions. “We deeply appreciate the significant contributions made by Shashank over close to three decades he has spent with PwC, particularly his defining role in shaping and strengthening our Transaction Services practice in India,” he said. Arora highlighted Jain’s support for clients through some of the most complex and significant transactions in the Indian market, noting his deep technical expertise, sound judgment and nuanced understanding of the evolving M&A landscape.
The Deals practice remains a key growth driver for PwC India, and the firm expects continued expansion under Mohit Chopra’s leadership. He will continue to guide clients through complex transactions and transformational business moments, building on the strong foundation established over the years.
Reflecting on his journey, Shashank Jain said, “I have had an exceptional journey at PwC. I owe my growth and learning to the nurturing environment and leadership development that PwC provided.” He added that he had been working closely with Mohit and the larger team to ensure a smooth transition and expressed confidence that Chopra would take the Deals practice to newer heights.
From intern to respected deals leader, Shashank Jain has clearly closed many successful transactions and now, it seems, he’s ready to strike a new deal of his own.
