MAM
Tata Starbucks appoints Sumi Ghosh as CEO
MUMBAI: Tata Starbucks has appointed Sumi Ghosh as CEO with effect from 1 January, 2016.
The move comes in the wake of the company’s current CEO Avani Davda’s resignation. Davda has been instrumental in establishing the Tata Starbucks business and positioning Starbucks as the premier coffee house experience in India.
Tata Starbucks is a 50:50 joint venture between Starbucks Coffee company and Tata Global Beverages. The company said that Davda made the personal decision to pursue other opportunities and accordingly resigned from her current assignment as CEO.
Ghosh is an eight-year Starbucks partner and brings three decades of consumer retail experience.
Since its entry in the Indian market in October 2012, Tata Starbucks has opened as many as 70 Starbucks stores across the country
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
