MAM
Moneycontrol Pro clocks in 100,000 individual subscribers
MUMBAI: Moneycontrol Pro has crossed an active subscriber base of 100,000 consumers in less than five months of launch. Catering to the needs and preferences of consumers following financial markets, Moneycontrol Pro offers cutting-edge research, sector trends and review, investment analysis and advice by experts along with a personalized look for every user. The app is an ad free platform.
Commenting on the achievement, Moneycontrol Business Head, B2C Revenue Manoj Nagpal said, “Seeing the sheer number of subscribers that the Moneycontrol Pro has been able to garner since its launch in April has certainly surpassed our expectations. Behind this success has been the dedicated and committed team at moneycontrol who have come together towards producing an app that provides immense value to our customers. With the subscriber and their app experience being of utmost importance to us, we have offered them a host of enhanced features with the latest technology that provides them seamless interaction on the app.”
Such has been its undisputed presence over the financial sector amongst investors, that moneycontrol pro successfully added a subscriber every minute in the month of October, the busy festive season when markets saw a steady upsurge. Offering its subscribers more insight and providing the very best of quality in terms of technology and finance has seen the app reign supreme amongst its competitors.
Network18 CEO -Digital & President – Corporate Strategy Puneet Singhvi, commented, “It gives our group immense pleasure in announcing the landmark figure of 1 lakh individual subscribers of Moneycontrol Pro, our very first and ambitious subscriber based product. Moneycontrol Pro has made a name for itself in the business and finance sector owing to its up-to-date innovations and has continued to remain the market leader in the industry. Milestones like these are testaments to the brand moving in the right direction and has given us ample room for optimism to provide more personalized and best-in-class services in the coming future.”
The premium services include interactions with market gurus, providing profit ideas from their expert and research team who provide industry perspective to help their users/ investors be on top of their game and make a much-better investing decision. With the customer at the very core of their brand ethos, Moneycontrol Pro has always strived to provide the best in class services to its users. Its other offerings include a personalized calendar of important business events that enable the users to stay updated at all times along with them staying abreast of growing trends and analysis in an easy to use & follow format.
Brands
Kotak Mahindra Bank appoints Ramesh Iyer to board
Veteran financier replaces Ashok Gulati, who retires in March
MUMBAI: Kotak Mahindra Bank has announced a change to its board of directors, with independent director Ashok Gulati set to retire at the end of his term on 5 March.
The company said it has appointed Ramesh Ganesh Iyer as an additional and independent director for a four-year term, effective 17 February, subject to shareholder approval.
Iyer brings more than four decades of experience in financial services. He spent much of his career at Mahindra & Mahindra Financial Services, where he served as vice chairman and managing director before taking on the role of president for the financial services sector and member of the group executive board at Mahindra & Mahindra. He retired from the group in April 2024.
During his tenure, Iyer was instrumental in expanding rural and inclusive finance initiatives, scaling the company’s assets and customer base. He also led the creation of subsidiaries in rural housing finance, insurance broking and asset management, and oversaw international joint ventures.
Iyer holds a commerce degree and a doctorate of letters, and currently serves on the boards of several listed and unlisted companies.
The board meeting approving the changes was held in Mumbai on February 17 between 6.30 pm and 6.50 pm.
