MAM
Govind Shahi leaves Zee to join Heath Media Group
MUMBAI: Govind Shahi has joined Heath Media Group as a co-promoter in their existing business ventures.
Shahi brings with him over 15 years of experience in media and marketing and moves in from Zee Europe, where he served as the head for the last 2 and a half years.
In UK, Shahi has been credited for launching and spearheading some of Zee‘s key initiatives like the Zee Carnival, Zee Russia operations, Zee Cine Awards.
Said Heath Ventures chairman Bhaskar Majumdar, ” With changes in the macro media market and the changing profile of the audiences and how media is consumed, we want to develop an integrated business model across technology, new media, agency and sales for Indian brands and content to traverse the globe and talk to the diaspora globally.”
Heath Media Group is the media arm of Heath Ventures, a Dubai-based operating company. The aim of the Heath Media Group is to tap onto various opportunities within the media matrix and provide a right platform for enterprising media professionals and scale up the business.
Heath Media Group consists of Di5 Global (UK‘s foremost ethnic marketing agency with some of the biggest Indian and UK clients); TMS ( UK‘s leading sales house which represents Colors, IPL and other media properties); Media Nucleus (with offices in India and Middle East which offers technology solutions for delivery to broadcasters, operators and set-top box providers) and SED ( a newly formed digital agency specialising in social media with leading fashion and luxury brands).
Said co-founder Bala Iyer, “The addition of Govind into the team will help strengthen the business. Having built out in the UK, we are aggressively looking at other markets especially the US.”
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.
