MAM
IndusInd Media gets a new CEO in Deepak Varma
MUMBAI: Hinduja TMT subsidiary IndusInd Media & Communications will have a new chief executive officer, even as the company has decided to de-merge its information technology and media businesses.
Deepak Varma, former chief operating officer of BPL Mobile Communications Mumbai, has joined IndusInd Media as the CEO. Since quitting BPL, Varma has been working with a telecom company abroad.
General CL Anand will continue as the managing director of IndusInd Media till he is relieved of his duties. “I have expressed my desire to retire from active service due to my growing age and indifferent health,” Anand tells indiantelevision.com.
Several senior executives of IndusInd Media have quit the organisation over the last two years. These include KV Seshasayee who was heading the conditional access system (CAS) project and was a board member, Rajiv Vyas who was the chief operating officer of IndusInd Media, and Ram Hingorani who was vice chairman of the company. Indus Media had made investments towards CAS, but this amount is stuck as there are still no takers for the addressable system.
Anand was responsible for improving the health of the MSO and played a big role in improving collections from the ground. The relationship with the distributors also improved during his tenure.
HTMT plans to have two debt-free listed companies with mirror shareholding. While information technology and telecom businesses will form part of the technology company, media including film content and cable TV distribution and broadband will be part of the new entity. In Fascel, which is a cellular service operator, HTMT has made a financial investment and is planning to sell its stake at the appropriate time.
MAM
Manappuram Finance appoints Sreekanth P V as group head – operations
22-year veteran from Bajaj Finance to drive efficiency and customer experience.
MUMBAI: Manappuram Finance just upgraded its operations engine because when customer delight needs turbocharging, even the gold loans get a smoother ride. Manappuram Finance Ltd has appointed industry veteran Sreekanth P V as group head for operations & customer experience at the grade of president. In his new role, Sreekanth will lead efforts to strengthen operational efficiency, enhance customer experience, streamline processes, drive service innovation and scale the company’s digital ecosystems across all business verticals.
Sreekanth brings over 22 years of experience in operations management, digital platforms, product innovation and customer experience within the financial services sector. Most recently he served as deputy executive vice president for digital platforms at Bajaj Finance Ltd, where he led the development of a unified app and web platform strategy and built a cohesive digital ecosystem.
Manappuram Finance, chairman and managing director V. P. Nandakumar said, “We are pleased to welcome Mr Sreekanth P V to the leadership team. He brings extensive experience in operations management, digital platforms and customer experience. As we continue to strengthen our operational capabilities and enhance customer engagement, his expertise will play an important role in driving efficiency, innovation and service excellence across the organisation.”
The appointment reflects Manappuram Finance’s ongoing focus on building a stronger leadership bench and elevating operational standards as the company scales its lending and customer engagement capabilities.
In a sector where every rupee counts twice, Sreekanth isn’t just joining the team, he’s the new conductor making sure the entire orchestra of loans, digital flows and customer smiles stays perfectly in tune.
