MAM
Raghav Bahl resigns as MD of The Quint
NEW DELHI: Serial entrepreneur, media veteran, and the founder of The Quint, Raghav Bahl has resigned as the managing director of the digital publisher. He, however, will continue to act as a non-executive promoter director on the board of the company. Quint Digital Media runs and operates three digital platforms – thequint.com. hindi.thequint.com, and fit.thequint.com. The digital platforms offer media and journalism across five mediums – live, articles, videos, quint lab, and audio podcasts – across various categories.
The information was provided on the Bombay Stock Exchange (BSE) via a statement reading, “In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “LODR” Regulations”), we would like to inform that Raghav Bahl has resigned as the managing director of the company w.e.f. closure of business hours of 29 December 2020. Further, Raghav Bahl will continue to act as non-executive promoter director of the board of the company.”
Bahl is best known for his past ownership of TV channels like TV18 India. He was also the founding/controlling shareholder and MD of Network18 Group and expanded it into a media conglomerate with TV channels, digital properties and a magazine. Under Bahl’s leadership, the company had formed successful joint ventures with CNBC, Forbes, A&E Networks, Viacom, and Time Warner, with whom it runs English news channel, CNN-News18.
Later, along with wife Ritu Kapur, Bahl founded Quintillion Media. He also acquired a controlling stake in Gaurav Mercantiles in 2019 and merged Quintillion’s digital news businesses with it.
Bahl had planned to start a business news channel with Bloomberg under Quintillion Business Media. However, he was unable to procure a broadcast licence from the government for three years, eventually leading to the shutdown of the TV division in April 2020. He said he would focus on digital operations henceforth.
Brands
Raj Cooling Systems launches Agreyas appliances brand
Emraan Hashmi named brand ambassador for consumer appliance push.
MUMBAI: A company known for cooling solutions is now heating up its ambitions in the home appliances market. Raj Cooling Systems Pvt. Ltd. has launched a new consumer appliances brand, Agreyas, marking its entry into India’s rapidly expanding home appliances sector valued at more than Rs 1.5 lakh crore. The move represents a strategic diversification for the company, which has traditionally focused on cooling solutions for residential, commercial and industrial applications. Through Agreyas, the firm plans to tap into growing consumer demand for energy efficient and technology driven household appliances.
To build brand visibility, Agreyas has appointed Emraan Hashmi as its brand ambassador. The campaign has been developed under the banner of Zoommantra Productions, with actor and filmmaker Rohit Roy contributing to the creative direction.
The brand’s initial portfolio will include mid premium air conditioners, washing machines, geysers and other white goods designed to cater to modern Indian households seeking efficient and reliable appliances.
Raj Cooling Systems, founder and chairman Kalpesh Ramoliya said the launch aligns with the company’s broader expansion plans.
“The launch of Agreyas is in line with our vision to build a strong presence in India’s consumer electronics and home appliances market. The brand has been developed as a standalone identity to meet the evolving needs of Indian consumers,” he said.
Hashmi said the collaboration comes at a time when Indian buyers are increasingly looking for innovative and functional home solutions.
“I’m looking forward to working with Agreyas at a time when consumers are seeking more innovative and efficient home products. The brand reflects changing consumer behaviour around functionality, innovation and ease of use,” he said.
Raj Cooling Systems plans to invest around 10 million dollars in developing the brand, with an additional 5 million dollars earmarked over the next three to five years for product development and distribution expansion.
Agreyas will follow a multi channel distribution approach, selling through online platforms, retail outlets and dealer networks aimed at both urban and semi urban markets across India.
With the launch, the company is positioning Agreyas as a standalone consumer facing brand while continuing to leverage its existing manufacturing, engineering and research capabilities built through its core cooling solutions business.
