MAM
Tarun Sinha appointed ad biz head for OLX
MUMBAI: OLX, online classifieds marketplace for auto, real estate, goods and services, has appointed Tarun Sinha as the business head for advertising.
In his new role, Sinha will head the advertising strategy and operations of the company and will report to OLX India general manager Momtaz Moussa.
Commenting on his appointment, Moussa adds, “We are happy to welcome Tarun to the OLX family, in midst of the exciting phase of our growth in India. His market expertise and new perspective will strengthen the great team we already have in place for advertising. We are serious about cementing ourselves as one of the country’s top advertising destinations, and Tarun’s appointment will help us build key relationships that deliver value to our clients.”
He brings with him nearly 15 years of experience in sales and business development, having previously worked at Times Internet. During his seven-year tenure as the head of direct sales at Times Internet, a digital venture of BCCL Group, he was responsible for accelerating sales and relations for the company’s biggest clients across advertising and classifieds. Prior to Times Internet, he has worked with leading financial firms such as HSBC and Royal Bank of Scotland.
Talking about his new role, Sinha says, “I am excited to take up this new role, working with a passionate team and a great brand. As a market leader in classifieds, OLX is in a great position to address a very pivotal space in the consumer purchase cycle. Catering to the world’s largest ready to buy audience, OLX offers immense value to advertisers and its partners. I am looking forward to scaling the advertising business to new heights.”
Tarun holds a post graduate diploma in marketing from Symbiosis Institute. He also studied an executive program in digital marketing and e-commerce for businesses, from Wharton School, University of Pennsylvania.
Brands
Magnum Ice Cream Netherlands takes control of Kwality Wall’s India from Unilever
61.9 per cent stake transfer reshapes ownership as Unilever exits promoter role
MUMBAI: Kwality Wall’s (India) Limited has entered a new chapter, with The Magnum Ice Cream Company HoldCo 1 Netherlands B.V. acquiring a controlling 61.9 per cent stake from a clutch of Unilever PLC-led entities, marking a significant shift in ownership.
The transaction, completed on March 30, 2026, follows a share purchase agreement signed in June 2025. The incoming promoter picked up over 145 crore equity shares, effectively taking control of the company and being formally classified as its new promoter under regulatory norms.
As part of the deal, the outgoing promoter group, including Unilever Group Limited and its affiliated entities, has fully exited its shareholding in the company. They have now been reclassified from promoter to public shareholders, closing a long-standing association with the ice cream business in India.
The board of Kwality Wall’s (India) Limited took note of the ownership change and approved a series of leadership updates alongside it. Ritesh Tiwari stepped down as director, while Abhijit Bhattacharya was appointed as chairperson and additional non-executive director. Tahir Toloy Tanridagli also joined the board as an additional non-executive director.
The reshuffle signals a broader strategic reset as the Magnum-led entity looks to steer the brand’s next phase of growth in India. The transition has been carried out in line with regulatory requirements, including disclosures tied to the open offer and reclassification norms under market regulations.
With Unilever stepping back and Magnum stepping in, Kwality Wall’s India is effectively getting a fresh scoop of leadership and direction. The coming months will reveal how the new promoter plans to scale the brand in one of the world’s most competitive ice cream markets.
