Skills and talent development company NIIT Limited on Friday announced the expansion of its board with four new members, including promoters children Udai S Pawar and Leher V Thadani. The move marks succession planning by promoters with their children - Udai S Pawar and Leher V Thadani - on the board, even as they emphasised that the two new faces are not joining in a management capacity. The company said the expansion of the board, including elevation of CEO Sapnesh Lalla to the board, is aimed at strengthening the organisation. They re (Udai and Leher) joining the board, not management. We ve had that explicit articulation of the approach of our company, so it represents succession.But yes.We, as promoters, have to look at our own, should we say succession of personal entities as well, Rajendra S Pawar said in a virtual briefing.
Results: NIIT Ltd posts Q4 net profit at Rs 46.5 crore, strengthens board
Results: NIIT Ltd posts Q4 net profit at Rs 46.5 cr, strengthens board
Skills and talent development company NIIT Limited on Friday said its net profit stood at Rs 46.5 crore in the March 2021 quarter.
The company has also strengthened its board with the addition of four new members, including appointment of Udai Singh Pawar and Leher Vijay Thadani.
NIIT had posted a net profit of Rs 0.6 crore in the March 2020 quarter. It logged a 30 per cent growth in net revenue at Rs 275.5 crore in the fourth quarter of FY 21 from Rs 211.2 crore in the year-ago period.
Tata Starbucks on Wednesday said that it was appointing Sushant Dash, president, packaged beverages at Tata Consumer Products, as the coffee chain’s new chief executive officer (CEO) in India. The appointment would be effective May 1. The development follows the decision of incumbent Navin Gurnaney to step down from his position. Dash will take over as Tata Starbucks CEO-designate from April 1. Dash will be the fourth CEO to manage the chain’s India business since it first launched operations in October 2012 in a 50:50 joint venture with Tata Consumer Products. The chain currently operates over 215 stores across 17 cities. Dash was part of the core team that opened the first Tata Starbucks store in the country and was directly responsible for the strategy and marketing of the Starbucks brand, the company said in a statement.