Times Internet Limited has appointed Joy Basu as its chief financial officer. Basu will focus on all aspects of finance, and help create nimble, business-centric verticals. Satyan Gajwani, CEO of Times Internet, tweeted.
In June, Rishi Khiani, previous CEO of Indiatimes, had put in his papers and Satyan Gajwani, the then director, new media, took over. Khiani quit to pursue entrepreneurial endeavours.
Basu is also expected to help Times Internet in making financial investments in other companies.
In an earlier interaction with Techcircle.in, Khiani, said, "We are looking at a number of companies right now. And we are focusing on two things â€“ either a financial investment into a company which has some value or which we can unlock or get a profitable exit in certain years." To read more.
Last month, Times Internet had acquired a minority stake in a Delhi-based logistics company Delhivery to boost last-mile delivery service for its e-commerce portal Indiatimes Shopping. Till recently Basu was with iYogi, a direct-to-consumer technical support brand, as CFO.
With over two-and-a-half decades of experience in execution of business strategy, capital raising and investor relationship management, he has worked with many large corporates as well as startups in various capacities. Basu had stints with Tata Tea Limited, RPG Enterprises, Sterlite Optical Technologies and Rediff.com India.
Basu is an MBA from Manchester Business School and a chartered accountant from Institute of Chartered Accountants and a St Xaviers College, Kolkata, alumnus.
(Edited by Prem Udayabhanu)