MAM
Singer India appoints Shalini Gupta Vachher & Suresh Jangra, strengthening leadership team
Mumbai: Singer India Ltd, a 170-year-old company and a leading manufacturer of sewing machines and home appliances has announced the appointment of two senior leaders Shalini Gupta Vachher who joins as head of marketing and communications, and Suresh Jangra, who joins as VP of engineering excellence.
The appointments demonstrate Singer India’s commitment to strengthening its people strategy to support the company’s growth plans. Singer India plans to bring in new products, which will appeal to the new age consumer and is focusing on strengthening its market share with other new launches in the Sewing Machine category.
Singer India vice chairman & MD Rakesh Khanna said,” We welcome the new and experienced talent, who have joined the company at a time when we are shifting gears and working to create a new chapter in our journey, which is marked with growth, innovation and launching an exciting line up of new products. Shalini’s and Suresh’s onboarding is a step in partnering with talent which believes in our values, growth and lineage and is confident of creating a stronger and a better tomorrow with their vast experience in their respective domains.”
Shalini, who joins as head of marketing and communications, comes with more than two decades of experience in the communications industry, counselling and executing impactful campaigns. In her new role, Shalini will work closely with all stakeholders to redesign Singer India’s marketing and communication efforts to create a meaningful impact by focusing on digital marketing and strengthening the company’s communication across all platforms. She will be responsible for developing and executing innovative marketing campaigns that resonate with the new age customers and drive business growth.
Head of marketing and communication Shalini Gupta Vachher said, ” I am excited to be part of a brand which exists in most of the Indian households and one which evokes strong memories. I am looking forward to playing my part in Singer India’s journey of growth and success and I am confident that with a two-decade experience in building strong corporate reputation programs for clients, I will be able to add value to the new chapter, that is being written.”
Suresh Jangra, an accomplished engineer comes with over two decades of international and national experience having worked in companies such as Orient Electric, Carrier India, Metalfrio Solutions, Brazil. Suresh brings with him a deep understanding of product development, quality control, and manufacturing process. In his new role, he will be leading the engineering team, ensuring operational excellence, and driving innovation across Singer India’s product portfolio.
“I am pleased to join Singer India and together with its talented team of engineers, we will aspire to offer customer centric innovation to help Singer India achieve new heights of efficiency and excellence” added Engineering Excellence VP Suresh Jangra.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
