MAM
LoanTap’s technology division LTFLoW elevates Gautam Sinha as CEO
MUMBAI: The technology focussed division of LoanTap, LTFloW announced the appointment of Gautam Sinha as chief executive officer on Thursday. Prior to this, Sinha was marking his time as senior vice president of LTFLoW division of the online Fintech platform.
Based in Pune, Sinha’s responsibility will involve working towards the functioning of and executing all projects at hand of LTFLoW. He will be responsible for business growth and build upon the company’s success in growing client participation and meeting commitments. He will be working towards the operational perspective of the organisation. Sinha will be responsible for the smooth functioning of LTFLoW and lend his knowledge and governing skills as a tech expert to the growth of this independent division.
Sinha has over two decades of experience, having served in responsible positions in organisations like Infosys, HCL, and Edgeverve, to name a few.
He has been instrumental in bringing about major innovations within LoanTap and has been actively involved in bringing operational efficiency to the organisation, said the company in a statement. He specialises in digital transformations, innovation and building components which help to homogenize and augment business processes for development. His deep-rooted knowledge and experience in product development, managing large size programs, goal-oriented project planning and executions & defining strategies for continuous improvement have been key assets for the organisation.
Speaking on the appointment, LoanTap founder and CEO Satyam Kumar said, “Gautam is not just an industry insider, but his experience and knowledge make him one of the biggest assets to the industry. We are extremely proud to have him as a part of the leadership team. His expertise and leadership are sure to guide the company towards heightened customer success and create new products that will take this space to a whole new level.”
As the CEO of LTFLoW, Gautam Sinha added, “It brings me immense pleasure to have been given the opportunity of Chief Executive Officer of LTFLoW. I am looking forward to this role. Tech enabling is the backbone of every business today as it widens the scope of every business and in a post-pandemic world, this is exceptionally important. With technology at its heart, we are looking at transforming every transaction and every process to get more efficient, seamless and hassle-free.”
“Our customers are our motivation and we at LTFLoW understand that financial inclusion is only going to be possible when we digitise the entire process and make it beneficial for them. Business transformation towards growth has always been key and in my new role, my aim will be to mobilise the team and continue with our pursuit of impactful customer experience,” he further said.
Brands
Estée Lauder to shed 10,000 jobs as new boss bets on digital shift
The cosmetics giant raises its profit outlook but stays silent on a possible merger with Spain’s Puig, as job cuts deepen and a three-year sales slump weighs on the turnaround
NEW YORK: Stéphane de La Faverie is not done cutting. Estée Lauder announced on Friday that it plans to eliminate as many as 3,000 additional jobs, taking its total redundancy programme to as many as 10,000 roles, up from a previous target of 7,000 announced a year ago. The company, which owns La Mer, The Ordinary, Tom Ford, and Aveda, employs roughly 57,000 people worldwide. The mathematics of what is now being contemplated is stark.
The fresh round of cuts is expected to generate a further $200 million in savings, bringing the total annual savings from the programme to as much as $1.2 billion before taxes. That money, De La Faverie has made clear, will be ploughed back into the turnaround.
A CEO in a hurry
De La Faverie, who took the helm in January 2025, inherited a company that had endured three consecutive years of annual sales declines. His response has been to move fast and cut deep. A significant portion of the latest redundancies reflects his push to reduce headcount at US department stores, long a cornerstone of Estée Lauder’s distribution model but now a channel in structural decline. In their place, he is accelerating the shift toward faster-growing online platforms, including Amazon.com and TikTok Shop, a pivot that is reshaping not just where Estée Lauder sells but how it thinks about its customers.
The numbers are moving in the right direction
Despite the pain, there are signs the medicine is working. Estée Lauder raised its profit outlook for the remainder of the fiscal year, guiding for adjusted earnings per share in the range of $2.35 to $2.45, above analyst estimates and a notable step up from the $2.05 to $2.25 range it had guided for in February. Organic net sales growth is expected to come in at 3 per cent, the company said, at the high end of the range it set out in February.
The share price tells a mixed story. After De La Faverie took charge, the stock surged nearly 60 per cent, buoyed by investor optimism that a longtime company insider could finally arrest the decline. But 2026 has been rougher: the shares have fallen 27 per cent this year, weighed down by disappointing February results and the overhang of unresolved merger talks with Spanish beauty giant Puig Brands SA. The company gave no additional details about those discussions on Friday, leaving the market to guess.
Silence on Puig
The proposed tie-up with Puig remains the most consequential unknown hanging over Estée Lauder. A deal with the Barcelona-based group, which owns brands including Carolina Herrera and Rabanne, would reshape the global luxury beauty landscape. But with nothing new to say and a turnaround still very much in progress, De La Faverie is asking investors to trust the process.
Three years of sales declines, 10,000 job cuts, and a merger that may or may not happen. At Estée Lauder, the overhaul has barely started.
