MAM
IMD acquires eBus, forms strategic tie-up with Aidem
MUMBAI: London headquartered media logistics firm IMD has acquired eBus Media Network to create a substantial worldwide footprint for digital TV ad delivery, with a local presence across major countries in Europe and Asia-Pacific and a regional HQ in Singapore.
eBus has a presence in Singapore, Australia, and in India through joint-venture with media consulting, marketing and ad sales company.
The acquisition will also strengthen IMD‘s reach of digital TV ad delivery in the Asia-Pacific market, where eBus has established a reputation as a reliable and fast TV ad delivery provider in the region.
IMD has also formed a strategic partnership with Aidem which will enhance the way the latter works with eBus and allowing IMD and Aidem to work together, more broadly.
“The management and stakeholders of all three companies support these new arrangements and are excited about their prospects and all the parties are committed to work together for the long term,” Aidem Ventures EVP Kaushal Dalal.
The new combined IMD and eBus entity will bring a faster and more efficient digital delivery solution from a single provider to the increasing number of customers that have interests in Global delivery solutions, according to a statement from Aidem.
IMD CEO Simon Cox said, “eBus fits amazingly well with IMD in so many ways; it‘s territorially complementary, it‘s very focused on TV ad delivery just like IMD and we have the same cultural and customer-service driven values. On top of that, eBus has a brilliant technology platform created by an exceptionally talented team.”
For its India activities, eBus has been in a joint venture with Aidem since 2010, and has built a network of broadcasters for digital delivery and distribution of television commercials. It is a Cloud Computing technology company providing HDTV commercial distribution to TV, IPTV, Web and Mobile providers across Asia Pacific.
eBus CEO Carmine Masiello said, “IMD‘s investment in eBus will speed up our expansion in the Asia Pacific region. We look forward to being supported by a shareholder that combines financial strength with an intimate understanding of what we do and who we are.”
Aidem Ventures director Vikas Khanchandani said, “eBus already has a Pan-India presence with over 250 channels as destinations and around 200 advertisers using the service. With IMD‘s support this coverage is set to grow wider and faster. This acquisition of eBus by IMD will help us scale up our operations in accordance with this dynamic broadcast industry and constantly innovate to keep pace with the same.”
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.
