iWorld
Ajit Verghese puts in his papers at ShareChat
Mumbai: Bangalore-based social media company ShareChat’s Ajit Varghese has stepped down as the chief commercial officer of the company. Varghese announced his resignation via a LinkedIn post.
While speaking to Indiantelevision.com, the company spokesperson said, “We can confirm that Ajit Varghese has decided to step down from his role as CCO at ShareChat after a very successful run of 2.5 years. Ajit has been instrumental in helping us build our revenue function since his arrival in 2020 and has successfully established ShareChat and Moj as credible advertising channels among marketers across industry verticals. He has also assembled and groomed a solid team that is well-placed to take us to the next level. We are grateful for all his efforts and accomplishments in the last two years, which were highly critical to our growth. We wish Varghese all the best in his future endeavours.”
Varghese began working for ShareChat in December 2020. He was previously the global president of Wavemaker, a WPP-group global media network and one of the top five media networks in the world, with clients including Vodafone, L’Oreal, Huawei, IKEA, Paramount Pictures, Chanel, Xerox, Netflix, Chevron, Beiersdorf, and Tiffany. According to media reports, he will leave the company in January 2023.
He was instrumental in expanding and strengthening ShareChat’s revenue efforts and developing a solid monetisation strategy. He also oversaw its marketing functions, which were geared toward brand elevation and business centricity.
iWorld
Tips Music CEO Hari Nair to step down
Girish Taurani and Sushant Dalmia to jointly steer the company as the hunt for a new chief begins
MUMBAI: A leadership shuffle is under way at Tips Music. Hari Nair, the company’s chief executive, will step down on April 30 as the music label begins the search for a successor.
The company said Girish Taurani, executive director, and Sushant Dalmia, chief financial officer, will jointly oversee operations during the transition while the board identifies a permanent replacement.
Nair joined Tips Music in 2023 and set about reshaping the veteran music label into a more digital, data-led enterprise. During his tenure, the company secured licensing and partnership deals with global platforms including Sony Music Publishing and TikTok, while renewing agreements with Warner Music Group.
Drawing on earlier experience in technology and entertainment, including a stint at ByteDance, Nair pushed the organisation towards a performance-driven culture. He built a brand partnerships division and introduced proprietary software systems aimed at strengthening digital distribution and data capabilities.
Kumar Taurani, chairman and managing director, credited Nair with embedding a data-led culture within the company and driving revenue growth in line with shareholder commitments.
In his resignation note, Nair said that after helping transition the label into a modern, digitally focused and process-driven organisation, the time had come to pursue his next leadership challenge.
The leadership change comes as the broader Tips Films group shows signs of financial stabilisation. In the third quarter of FY26 the company reported a net loss of Rs 2.86 crore, narrowing sharply from Rs 14.2 crore in the previous quarter. For the nine months ended December, losses stood at Rs 12.37 crore.
Yet revenue told a more volatile story. Income from operations slid to Rs 4 crore in Q3 FY26 from Rs 56 crore in the preceding quarter, taking total operating income to Rs 4.56 crore.
For a company built on a catalogue of more than 34,000 tracks and decades of Bollywood hits, the next chief will inherit both a digital engine and a volatile music market. The playlist may be familiar, but the next act at Tips Music is only just beginning.
