Satyan Gajwani is now MD at Times Internet; Sinha becomes CEO
Media conglomerate Bennett, Coleman and Company Ltd (BCCL) has rejigged the top management team at its internet company Times Internet Ltd, elevating Satyan Gajwani to the position of managing director.
Prior to this, Gajwani was the chief executive of TIL. This is the first time that TIL has created an MD post.
Gautam Sinha, who was the COO of TIL earlier, has been made the chief executive officer.
Vineet Jain, managing director of BCCL, will continue as chairman of Times Internet.
The changes in leadership will come into effect on April 1, 2016, as per a company statement.
"Sinha has helped shape Times Internet's culture. He and I continue to believe that our roles are simply to enable and empower great business teams to execute as effectively as possible," said Gajwani.
As a technologist Sinha has more than 28 years of experience. He has been with Times Internet for over eight years, and has worked as chief technology officer and COO, prior to his new role.
Gajwani is the son-in-law of Samir Jain, vice- chairman, BCCL's Rs 10,000 crore media empire.
In December 2015, TIL appointed Gulshan Verma, former executive of online content discovery platform Outbrain as its new chief revenue officer (CRO).
TIL has been an active investor in several startups. Early this month, TIL acquired cricket broadcaster, Willow TV International Inc.
TIL also runs TLabs, an accelerator for technology startups. Founded in 2011, TLabs, is a startup accelerator as well as an early stage seed-fund for Indian internet and mobile technology startups. Since its launch ,it has helped accelerate at least 36 startups and has helped in funding 65 per cent of the companies in its programme with an average investment of $450,000.