Convergence Plus
Friday, June 5, 2020
Paytm may create new top management roles; set to hire new CFO soon

Paytm has elevated its CFO and senior vice-president Madhur Deora as president in a newly created role. The Citigroup veteran, who joined the digital payments company in 2016, will now oversee multiple business lines at the Noida-based firm. Deora, a former investment banker, will now be responsible for all of Paytm’s consumer services business, the company said.

“We have grown over 20 times in the past three years by creating a payments-led lifestyle and financial services app in our country,” said Vijay Shekhar Sharma, founder and chief executive officer at Paytm.

“The next phase of our journey is to expand our offerings in consumer internet and financial services. As we expand our business, we are promoting Madhur to the role of president. He has been a key partner in this success.”

Deora, who had so far been spearheading all dealmaking at the company, had led Paytm through its multiple financing rounds along with a slew of acquisitions it has completed. One97 Communications, the parent of Paytm, has been in talks to raise a new $1-1.5 billion in fresh capital.

Verticals like games, movies, travel, deals and content will be headed by Deora and he will be responsible for managing the growth and financials of these businesses, said a Paytm spokesperson.

The spokesperson also said that the company is planning to hire a CFO in place of Deora within the next few weeks.

Further, Paytm also has plans to create new roles at the top of the management and the role of a president is one of them, he said.

Sources pointed out that the latest move will make Deora the second in command in the company after Sharma, whom he will continue to report to. The changes at the top come in the wake of a number of senior executives quitting Paytm and Paytm Mall over the past few months. (Source: Economic Times)

Sivasailam exits Department of Telecom, Anshu Prakash new additional secretary

Sivasailam exits Department of Telecom, Anshu Prakash new additional secretary The Centre has appointed Anshu Prakash, a 1986 batch AGMUT (Arunachal Pradesh, Goa, Mizoram, Union Territories) officer, presently working as a chief secretary of Delhi, as an additional secretary, following the vacancy caused by Sivasailam's movement. The government Saturday appointed Anshu Prakash as an additional secretary in the Department of Telecommunications (DoT), while it has shifted N Sivasailam to the Department of Commerce.

Sivasailam will be a special secretary-- Logistics in the Department of Commerce.

The Committee has approved the appointment of N Sivasailam, special secretary in the Department of Telecommunications as special secretary (Logistics), Department of Commerce, the Department of Personnel and Training (DoPT), in a notification Saturday said.

However, the Centre has appointed Anshu Prakash, a 1986 batch AGMUT (Arunachal Pradesh-Goa-Mizoram and Union Territories) cadre officer, presently working as a chief secretary of Delhi, as an additional secretary, following the vacancy caused by Sivasailam's movement.

Prakash will report to telecom secretary Aruna Sundararajan.

Sivasailam, a 1985 batch Karnataka cadre officer has been elevated to the rank of special secretary in January this year.

On Saturday, the Appointments Committee of the Cabinet (ACC), in a reshuffle, has shifted various high-level officials.

"They (the government) have given me another responsibility, so I will report to the Department of Commerce in a new role on Monday," Sivasailam told ETTelecom.

"There was no project under me," the top official said, when asked about some of the mega programs underway.

The move, however, is also seen as a step to fast-forward some of the ongoing ambitious initiatives in the telecom department, including BharatNet and Broadband for All as well as connectivity in the 115 most-backward districts, being monitored by the Prime Minister Office (PMO). (Source:ETTelecom)

Reliance Jio appoints Shyam Mardikar as group CTO of mobile networks

Reliance Jio appoints Shyam Mardikar as group CTO of mobile networksMardikar was most recently serving Bharti Airtel as the chief technology officer for mobile networks, based in Gurgaon, for almost 2 years. Reliance Jio Infocomm has appointed Shyam Prabhakar Mardikar as group chief technology officer of mobility, and he will oversee deployment of the company’s 4G networks in the country, said people aware of the matter.

Mardikar’s appointment comes in the wake of the exit of Jagbir Singh, who had joined the company before the soft launch of 4G services and quit in June this year. Mardikar most recently served Bharti Airtel as its chief technology officer for mobile networks for almost two years. He had been with the company since August 2012.

He will be based in Mumbai and report to Mathew Oommen, who is the president of Jio and a member of the board of directors at the MukeshAmbani-owned telecom operator.

A query sent to Jio went unanswered, while Mardikar could not be reached for comment.

Jio is aggressively expanding its 4G LTE network for coverage and capacity in India as part of its bitter battle for subscribers with rivals Vodafone Idea and Bharti Airtel. It is deepening its coverage in existing areas to achieve 99% population coverage in the current financial year and plans to soon start work on 5G technology.

The company currently offers pan-India 4G coverage using 800MHz, 1800MHz and 2300MHz bands. In the April-June quarter, it said, it carried 76% of the total 4G data traffic in the country.

Bharti Airtel, on the other hand, brought in Randeep Singh Sekhon to head the networks department as the new chief of technology for its India and South Asia operations, replacing Savargaonkar.

Sekhon, who is reporting to Airtel CEO Gopal Vittal, earlier worked in various senior leadership roles with telcos in Malaysia and Indonesia, with his previous role being that of CEO of Hutchison 3 Indonesia.(Source:ETTelecom)

Salil Parekh to take charge as Infy CEO today

Salil Parekh to take charge as Infy CEO todaySalil Parekh, 53, will take over as the new CEO & MD of Infosys on Tuesday bringing to an end months of acrimony, wiff of scams and exit of the previous CEO and a few other directors on the company’s board. Salil Parekh — who was a group executive board member with global consulting firm Capgemini — will formally join the $10-billion IT giant, Infosys on Tuesday. His appointment was announced by Infosys on December 2. Stakeholders including the shareholders will keenly watch the performance of Parekh whose main task will be to see that the company is able to shake off the controversies surrounding it and restore the confidence of its employees and investors.

Nandan Nilekani, Chairman of the Board in a statement last month, said that Parekh has a strong track record of executing business turnarounds and managing very successful acquisitions. “The board believes that he is the right person to lead Infosys at this transformative time in our industry.”

Kiran Mazumdar-Shaw, Chairperson of the Nomination & Remuneration Committee, said that Parekh was selected after a comprehensive global search effort and was the top choice from a pool of highly qualified candidates. The new CEO has a Master of Engineering degrees in Computer Science and Mechanical Engineering from Cornell University, and a Bachelor of Technology degree in Aeronautical Engineering from the Indian Institute of Technology, Bombay.

UB Pravin Rao will step down as the interim CEO and Managing Director effective January 2 and will continue as Chief Operating Officer and a whole-time Director of the company.( Source: The Hindu BusinessLine)

SAP’s Khandelwal elevated to global role

SAP’s Khandelwal elevated to global roleGerman software behemoth SAP has elevated Dilipkumar Khandelwal as president of its HANA Enterprise Cloud, its private cloud offering that supports HANA applications, as also non-SAP ones. Khandelwal will also continue in his current role as the managing director of SAP Labs India responsible for development centres in Bengaluru, Gurugram and Pune with an employee base of 7,300 people. SAP Labs India is the firm's largest research and development centre outside its headquarters in Germany and a part of a connected lab network of 19 Labs in 16 countries.

Khandelwal elevation to a global role is testimony once again to the value Indian leaders bring in frontline technology. His predecessor in SAP Labs India, V R Ferose, became the senior vice president and head of globalization services at SAP. Khandewal will report to Bernd Leukert, member of the executive board, in charge of products & innovation. "Dilip will have a global responsibility for the deployment of SAP HANA Enterprise Cloud and will oversee its adoption and customer success," the company said in a statement.

SAP HANA Enterprise Cloud delivers comprehensive cloud infrastructure and managed services for SAP's in-memory applications, database, and platform. In the recent June quarter analysts' call, SAP CEO Bill McDermott called out S/4HANA as the fastest growing cloud ERP solution in the market and said SAP is growing new cloud bookings at triple digits. The quarter marked the 17th consecutive quarter of consistent rapid growth in the cloud for SAP. S/4HANA also connects enterprises to the internet of things and big data.

Khandelwal said his focus would be to use "our unparalleled cloud expertise to drive the digital transformation of our customers." Khandelwal has been with SAP for over 16 years and has held leadership positions across SAP's technology and business portfolios. As managing director of SAP Labs India, he has been instrumental in driving innovation through the product lines and establishing SAP Labs India as a leading centre of innovation across SAP's R&D ecosystem. (Source: Times of India)

Paytm Mall appoints group veteran Amit Sinha as COO

Paytm Mall appoints group veteran Amit Sinha as COO Online marketplace Paytm Mall has appointed group veteran Amit Sinha to head overall operations as the Alibaba-backed player looks to take on rivals like Flipkart and Amazon India that have built a significant lead. Sinha, who was until recently a senior vice president at parent company One 97 Communications, will be the chief operating officer (COO) of Paytm Mall and report to founder Vijay Shekhar Sharma.

Paytm Mall's category leaders, logistics and operations functions will report to Sinha. He “will be responsible for overall operations of Paytm Mall and expanding the team to ensure customers have access to the widest assortment of products,” according to a release.

Sinha, an MBA from Indian Institute of Management-Calcutta with an engineering degree from Indian School of Mines, Dhanbad, has spent nearly a decade at One 97 Communications across business process, human resources and finance functions.

The company was earlier also looking to rope in an external candidate to lead the ecommerce business, but a Paytm spokeswoman confirmed it is no longer looking for a CEO. “At Paytm Mall, we are addressing a unique opportunity of giving small businesses and retailers access to mobile internet technology to address India's large mobile consumer base.

Amit's experience in building businesses since their inception makes him our best choice to lead our commerce business,” Sharma said in a statement.

The move comes weeks after One 97 Communications named another group veteran Renu Satti as head of the payments bank unit. While 49% of Paytm Payments Bank is owned by One 97 Communications, the remaining 51% is held by Sharma. (Source: Economic Times)

Shareholder activist is chairman of telecom products firm Subex

Shareholder activist is chairman of telecom products firm SubexAppointed the non-executive chairman of telecom products firm Subex. He is credited with resurrecting the company's fortunes. Shareholder activist Anil Singhvi has been appointed the non-executive chairman of telecom products firm Subex. He is credited with resurrecting the company's fortunes. Singhvi, an independent director in the Bengaluru- based firm, recast its capital structure, tightened governance and cleaned up the balance-sheet, stripping down stressed assets.

Subex had accumulated huge debt, partly because of the decision to buy Canadian telecom firm Syndesis for $170 million through issue of bonds. That acquisition failed to pay dividends thanks to the global meltdown of 2008-09.

As of 2016-17, Subex had $115 million in debt out of which $95 million was equitized and the remaining $20 million has been paid off. "The worst is behind us. We have recapitalized the firm and prepared the company for growth," said Singhvi, who is also the chairman of Ican Investments Advisors and was an adviser to Reliance ADA Group for two years.

Subex CEO Surjeet Singh said the company worked with regulators to clean up debt over the past four years. "We are a promoter-less firm and therefore the independent directors have played an important role in recapitalization and restructuring the business," he said. Singh said the company is embarking on its 3.0 strategy, segregating its businesses into separate verticals for sharper focus and operational efficiency. (Source: ETtelecom)

Ninad Desai appointed as District Chair of BICSI India

Ninad Desai appointed as District Chair of BICSI IndiaBICSI, the premier association supporting advancements in Information and Communications Technology, today announced the appointment of Mr. Ninad Desai as District Chair of BICSI India. Mr. Desai will spearhead BICSI India in catalyzing the growth of the ICT industry and strengthening the professional community, while enabling the fulfilment of its future goals and aspirations. Mr. Ninad Desai will further drive BICSI’s strategic programs and related key initiatives to empower ICT professionals to excel in their field of operation by placing key emphasis on education & training for ICT industry professionals.

Speaking on the occasion, Mr. Ninad Desai, District Chair, BICSI India said, “I feel extremely humbled and delighted to be given this opportunity, especially at a time when the industry is on the threshold of an exciting new journey wherein next generation networks and collaborative disruption together have created exciting times for our community and there's a greater demand to ensure consistency in enterprise & communications network standards and need for stricter adherence to Quality of Service (QoS) requirements. We at BICSI India remain committed to offer the highest quality of education and training to ICT professionals and help them build relevant knowledge, skills & experiences to continuously adapt to the current industry requirements.” Being at the helm of BICSI India, I will continue to drive greater engagement with the industry, government and academia to foster the growth & advancement of the ICT community through training, collaboration and information sharing, he added.

Mr. Ninad Desai will lead BICSI India to carry out its diverse array of priorities that include:

Focused programmes to strengthen the ICT community in India and empower the industry experts and leaders adopt global standards, industry best practices & methodologies.

Draw up more synergies and create an ICT ecosystem that brings together stakeholders from across the communications industry spectrum. Foster tie-ups with government, academic institutions, leading associations & industry bodies in developing relevant ICT skill sets by delivering programmes on ICT design & installation and generate more such opportunities. Such partnerships would help enable the industry map existing and future skills requirements and help plug its skills demand-supply gap.

Build industry specific programmes to enhance engagement in developed and emerging markets across the ICT ecosystem and showcase technology adoption, insights & knowledge about the latest industry standards & practices. (Source: Convergence Plus)

Wipro appoints Gilles Grange as regional head of France operations

Wipro appoints Gilles Grange as regional head of France operations IT company WiproBSE -0.55 % has appointed Gilles Grange as regional head of its operations in France. In his new role, Gilles will be responsible for strengthening Wipro's presence in France by pursuing new business opportunities and growing its visibility in the region, the company said in a BSE filing. He will be based in Paris and report to Christophe Martinoli, Vice President and Head of Continental Europe.

"France is a key focus area for Wipro and we expect to significantly expand our marketshare in the region," Martinoli said.

Gilles has over 20 years of professional IT experience and joined Wipro in 2009. In the past seven years, he has assumed various roles including head of infrastructure management, global client partner and head of financial services and insurance business for Wipro in Continental Europe. Prior to Wipro, Gilles was the Deputy Head of Infrastructure Division at Logica/CGI. (Source: The Economic Times)

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