MAM
Lapp India appoints Sumit Mitra as MD
Mumbai: Lapp India has appointed Sumit Mitra as managing director, effective 1 November 2024. With over three decades of experience in the industrial sector, Sumit’s leadership will drive Lapp India’s growth and market expansion. Based in Bangalore, he will report to the CEO of Lapp Asia Pacific.
Sumit joins Lapp from SKF Group, where he contributed to operational excellence and market growth in both Indian and multinational companies. His strategic skills and focus on talent development make him a key addition to Lapp’s leadership team.
“We are thrilled to welcome Sumit to Lapp India,” said Lapp Asia Pacific CEO Richard Lee. “India is our largest market outside Germany, with immense growth potential across industries. Sumit’s strategic vision and expertise will be instrumental in accelerating our expansion and deepening our commitment to delivering cutting-edge solutions that meet the evolving needs of our Indian customers.”
In his new role, Sumit will focus on transforming Lapp India into a leading player in cable and connectivity solutions, with a commitment to tackling complex customer challenges across diverse industries. He aims to strengthen the company’s operational base, scale product offerings, and bring industry-first technologies to India’s growing market.
“Joining Lapp India is both an honour and a tremendous opportunity,” stated Mitra. “The strong growth in the Indian economy provides Lapp tremendous opportunities for our existing business as well as in many new segments. I look forward to harnessing these opportunities to drive profitable growth at Lapp India.”
A graduate in Electronics and Telecommunications Engineering from Pune University and an MBA from IIM-Calcutta, Sumit’s strong people-centric approach, combined with his technical and strategic background, underscores his vision for Lapp India’s future.
Brands
Moneycontrol doubles ET audience in January rankings
Comscore data shows Moneycontrol ahead on reach, views and time spent
MUMBAI: Moneycontrol has begun 2026 with a decisive lead in India’s business news race, pulling in more than twice the audience of The Economic Times, according to January data from global measurement agency Comscore.
The figures make for striking reading. Moneycontrol recorded 63.38 million unique visitors last month, comfortably ahead of The Economic Times, which logged 30.61 million. In fact, Moneycontrol drew more readers than its next two business news rivals combined, tightening its grip on the category.
The advantage was not limited to reach. On page views, Moneycontrol clocked 249.25 million in January, nearly three times ET’s 97.18 million. The numbers suggest not just scale, but sustained user interest across stories, markets coverage and analytical tools.
Engagement told an even stronger story. Readers spent 581.29 million minutes on Moneycontrol during the month, more than five times the 111.90 million minutes recorded by The Economic Times. In the crowded digital marketplace, attention is currency, and Moneycontrol appears to be banking plenty of it.
“The latest numbers reflect the deep trust readers have placed in the quality of our content, the depth of our coverage of the stock markets and the cutting-edge analytical tools we provide to users,” said Moneycontrol managing editor Nalin Mehta. “In an increasingly fluid global environment, readers are looking for clarity and we remain sharply focused on providing credible, accurate and timely business information.”
Comscore’s January rankings reinforce Moneycontrol’s position at the top of India’s financial news ladder, underlining its continued dominance in both reach and reader engagement.
