MAM
The Chatterjee Group appoints Kashyap Mehta as CPO, Prashant Gagneja as CGRO for Ziki and Sirrus.ai
Mumbai: First Livingspaces Pvt Ltd (FLS), an enterprise of The Chatterjee Group (TCG), has onboarded Kashyap Mehta and Prashant Gagneja as key leaders of its new technology ventures — Ziki and Sirrus.ai.
FLS has positioned its new businesses in two core domains. Ziki focuses on crafting technology-enabled communities, both online and offline. Sirrus.ai is an experience ecosystem with AI-first principles, catering to the real estate industry.
Mehta, an e-commerce specialist with over 25 years of expertise in multiple industries, has joined FLS as the chief product officer (CPO), while Gagneja, a seasoned strategist in consumer packaged goods (CPG) and Fintech industries, has assumed the role of the chief growth & revenue officer (CGRO).
Welcoming the two leaders, FLS spokesperson Sovon Manna said, “We are delighted to have the two visionary achievers joining us. Their experience, exuberance and unique approaches will be instrumental in propelling our businesses towards greater heights of success.”
Fondly known as ‘Kash’ in industry circles, Mehta had previously served as the chief digital Officer (CDO) at Croma. ‘Kash’ has also been a key contributor to several technology initiatives, having led SAP’s ecommerce vertical across APAC. He played a pivotal role in India’s consumer internet story, leaving his mark at Tata CLiQ, Baazi, and eBay.
Speaking about his new role, Mehta said, “I am thrilled to embark on this unique zero-to-hundred journey. Building a successful tech-enhanced business ecosystem from ground up, without any pre-existing template, is what drives me to embrace this adventure.”
Gagneja brings to the table his 16 years of extensive experience in driving operational success and optimising revenue streams through technology adoption. In his previous role as the vice president of organised trade at BharatPe, he had played a pivotal role in fostering key account relationships. His go-to-market strategy has been instrumental in advancing revenue strategies at several CPG and FMCG giants, including Pepsico, Kellogg, Coca-Cola, and Pernod Ricard.
Excited about his new responsibility at FLS, Gagneja said, “Drawing from my experiences thus far, I aim to champion operational efficiencies and revenue growth through strategic technology adoption.”
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RPSG’s Sudhir Langer exits days before IPL 2026
Timing sharpens focus on stake sale buzz and LSG’s tightening financial playbook
MUMBAI: RPSG ( RP-Sanjiv Goenka) Ventures has sprung a late leadership surprise just as the IPL drumroll begins. Sudhir Langer will step down as whole-time director and from the board effective March 31, days after the 2026 Indian Premier League season kicks off on March 28.
The timing is hard to ignore. RPSG Ventures owns Lucknow Super Giants, and Langer’s exit lands in a narrow pre-tournament window when operational focus is typically at its peak.
The move also coincides with chatter around a potential stake sale. According to a Moneycontrol report, the RPSG Group, led by Sanjiv Goenka, is exploring options to offload up to a 15 per cent stake in the franchise. There has been no official confirmation.
RPSG had acquired the Lucknow franchise in November 2021 for Rs 7,090 crore, among the highest bids in IPL history. The team operates under RPSG Sports Private Limited and carries a sizeable annual franchise fee obligation of Rs 709 crore through FY31.
Financials underline both scale and strain. The franchise remains heavily reliant on central revenue distribution from the Board of Control for Cricket in India. In H1 FY26, it received Rs 399 crore as its share of franchise rights, compared with Rs 458 crore in FY25, the single largest contributor to income.
Total revenue for H1 FY26 stood at Rs 495.9 crore, with profit at Rs 63.7 crore. Yet FY25 saw a softer showing: revenue fell about 20 per cent to Rs 557 crore, weighed down by fewer matches and a lower league finish in the 2024 season. Growth has since been modest, with H1 FY26 revenue rising roughly 3 per cent year on year.
That leaves LSG balancing on a familiar IPL tightrope: strong central inflows, volatile on-field-linked earnings and a hefty fixed fee burden.
With a leadership exit, stake-sale speculation and a new season about to begin, Goenka’s cricket bet is entering a decisive phase—where timing, performance and capital strategy will all have to click.
