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Tesla appoints ex-Lamborghini India head Sharad Agarwal to lead India operations

IndianStartupNews

IndianStartupNews · 1m ago

Tesla appoints ex-Lamborghini India head Sharad Agarwal to lead India operations

Tesla has appointed Sharad Agarwal, formerly head of Lamborghini India, as its new country head to lead the India operations. Agarwal will focus on developing an India-specific strategy for Tesla, marking a shift from the previous management structure. His appointment suggests Tesla is targeting luxury car buyers rather than mass-market volumes. Key challenges include overcoming India's high import duties and sluggish electric vehicle adoption while improving initial sales performance, which has been underwhelming.

Related News

Amazon appoints Samir Kumar as head of India operations

Entrackr

Entrackr · 1y ago

Amazon appoints Samir Kumar as head of India operations

E-commerce major Amazon has appointed Samir Kumar as the country head for India. Kumar will continue to lead Amazon’s consumer businesses in the Middle East, South Africa, and Turkey. Kumar will replace Manish Tiwary, the head of Amazon’s India operations, who left the firm to pursue an opportunity outside of the company in August this year. Amit Agarwal, who is the vice president of Amazon India, will now oversee India operations alongwith Kumar. It’s worth noting that the duo had already worked together in the past. The appointment coincides with Amazon India’s plan to foray into quick commerce market. The e-commerce giant plans to enter the space, currently dominated by the likes of BlinkIt, Zepto and Instamart, in the first quarter of 2025.

Tesla opens first full-scale experience centre in India

Economic Times

Economic Times · 25d ago

Tesla opens first full-scale experience centre in India

Tesla has opened its first full-scale retail experience center in India at Gurugram’s Orchid Business Park, providing consultations, bookings, and test-drive support. This marks Tesla's structured retail expansion in India, following display centers in Mumbai and Delhi. Launched in India in 2023, Tesla introduced imported Model Y variants, priced higher due to import duties. Led by Sharad Agarwal, Tesla aims to establish its presence amid competition from Mercedes-Benz and BMW in India's luxury EV market.

Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO

Economic Times

Economic Times · 1y ago

Cashfree appoints ex-Razorpay executive Harsh Gupta as CRO

Former Razorpay SVP Harsh Gupta has joined Cashfree Payments as its Chief Revenue Officer. In his new role, Gupta will oversee the company's growth strategies, sales, revenue operations, and market expansion in India. Additionally, Cashfree's Chief Business Officer, Arun Tikko, will lead the company's international expansion efforts. Cashfree Payments holds a payment aggregator license since December 2023 and currently processes over $80 billion worth of transactions annually, serving more than 600,000 Indian businesses.

Ex-Motilal Oswal exec Mittal’s new realty fund sets sight on first close

VCCircle

VCCircle · 1y ago

Ex-Motilal Oswal exec Mittal’s new realty fund sets sight on first close

Former Motilal Oswal Real Estate (MORE) head, Sharad Mittal, is set to achieve the first fundraising milestone for his real estate investment vehicle, Arnya Real Estate Fund Advisors, by the end of Q2. Mittal's fund received regulatory approval in December for the Arnya Real Estate Fund. The fund aims to provide investment opportunities in the real estate sector.

Investcorp appoints former Tech Mahindra exec as senior operating partner

VCCircle

VCCircle · 10m ago

Investcorp appoints former Tech Mahindra exec as senior operating partner

Investcorp, a Bahrain-based alternative investment firm, has appointed former Tech Mahindra executive Vivek Agarwal as its Senior Operating Partner for India. Agarwal will lead the expansion into software and software services sectors and join the board of NuSummit, a digital transformation and cybersecurity services firm acquired by Investcorp for $120 million. With over 25 years of experience, Agarwal will enhance Investcorp's private equity and M&A activities, particularly focusing on the mid-market technology sector.

Goldman Sachs appoints Sushil Bathija, Vikram Chavali to Asia ex-Japan M&A leadership

VCCircle

VCCircle · 7m ago

Goldman Sachs appoints Sushil Bathija, Vikram Chavali to Asia ex-Japan M&A leadership

Goldman Sachs has appointed Sushil Bathija as the head of Asia ex-Japan mergers and acquisitions (M&A) and Vikram Chavali as the head of sponsors M&A in the region. Announced via an internal memo, the appointments aim to bolster the firm's regional M&A capabilities. Both Bathija and Chavali bring extensive experience and will collaborate closely with global leaders to enhance Goldman Sachs' M&A operations across Asia, excluding Japan.

HCLSoftware appoints Vikrant Chowdhary as Senior Vice-President, Country Head for India

YourStory

YourStory · 1y ago

HCLSoftware appoints Vikrant Chowdhary as Senior Vice-President, Country Head for India

HCL Software has appointed Vikrant Chowdhary as Senior Vice-President and Country Head for India. Chowdhary will lead HCL Software's business operations in India, focusing on growth and innovation across key sectors such as Enterprise, BFSI, and Government. With over 27 years of experience, Chowdhary has previously held leadership positions at CleverTap, Salesforce, SAP, Teradata, and IBM. This appointment comes as HCL Technologies reports a 6.2% increase in consolidated net profit for the three months ended December 2023, reaching a record high of Rs 4,350 crore.

Accel-backed OpenFX appoints former CoinDCX AVP as India product lead

Entrackr

Entrackr · 10d ago

Accel-backed OpenFX appoints former CoinDCX AVP as India product lead

Accel-backed OpenFX appoints former CoinDCX AVP as India product lead In his LinkedIn post, founder and CEO Prabhakar Reddy said that the company is also hiring across engineering, product, and operations. OpenFX, a fintech infrastructure startup for cross-border payments, has appointed a former CoinDCX executive Sourav Karmakar to lead its India business. The firm has also appointed Alex Rowles as Head of Trading and Risk and Ethan Mackie to lead Product Operations. For India, Karmakar has been appointed as INR Product Lead. Formerly India AVP Product at CoinDCX, he has joined OpenFX to lead the company’s INR-focused cross-border remittance offerings for businesses. His role includes developing INR payment infrastructure for cross-border transactions and overseeing OpenFX’s expansion in global B2B payments. Beyond crypto, Karmakar has experience across fintech and consumer internet businesses. His previous roles include positions at WhiteHat Jr, Vedantu, DocsApp–MediBuddy, and Koo. Founded by serial entrepreneur Reddy, former co-founder and COO of FalconX, OpenFX is building a real-time FX network for near-instant cross-border settlements. The platform claims to make FX transfers 99% faster and up to 90% cheaper, while running round the clock throughout the year, without the limits of banking hours, weekends, or holidays. The development comes six months after OpenFX’s $23 million seed funding round led by Accel, with participation from NFX, Lightspeed Faction, Castle Island Ventures, and others. At the time of the fundraise, the company had a team of 42 operating globally across the US, UK, UAE, and India.

InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officer

Economic Times

Economic Times · 1y ago

InCred Capital appoints Julius Baer India’s Vikram Agarwal as chief operating officer

Vikram Agarwal has been appointed as the Chief Operating Officer (COO) of financial services company InCred Capital. Previously, Agarwal served as the COO, Chief Revenue Officer, and board member at Julius Baer India. He will be responsible for leading InCred Capital's technology, operations, client servicing, compliance, and risk management functions. InCred Capital's CEO, Bhupinder Singh, expressed confidence in Agarwal's experience and track record. InCred Capital recently entered the unicorn club and reported significant increases in revenue and net profit.

Bira91 appoints ex-SoftBank India head Manoj Kohli, Bharat Anand as board members

Inc42 · 2y ago

Bira91 appoints ex-SoftBank India head Manoj Kohli, Bharat Anand as board members

Beer brand Bira 91 has appointed former SoftBank India head Manoj Kohli and Khaitan & Co. partner Bharat Anand as independent directors to its board. The move is expected to strengthen Bira 91's corporate governance as it expands in India and overseas. The company aims to develop a business with long-term sustainability and improved risk management. Bira 91 turned into a public entity last year and is backed by investors such as Kirin Holdings and Sofina. In FY23, Bira 91's net loss increased to INR 445.4 crore and operating revenue grew to INR 824.3 crore.

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