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Business Wire India - Multimedia: Digest for December 15, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

  • Hemen Bhatia brings over 17 years of extensive leadership experience in the Asset Management Industry
  • Hemens' joining will strengthen Angel One AMC's position as a prominent player in passive investing space
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Angel One, India's leading Fintech player, has announced the joining of Hemen Bhatia as Chief Executive Officer of Angel One Asset Management Company Limited. As a continuously evolving fintech leader, Angel One marks a significant milestone with the recent appointment. This is a strategic move that focuses on the dynamic realm of asset management business. Hemen will spearhead the growth of the Group's asset management business, highlighting Angel One's commitment to positively impact a billion lives, through comprehensive financial solutions.
 
Hemen Bhatia brings along with him a wealth of experience, cultivated over 17 years, in the Asset Management Industry. His forte, in Indian passive investments such as ETFs and index funds will augur well for the growth of the Asset Management company ("AMC"). Throughout his distinguished career, Hemen has played a pivotal role in the evolution of the ETF market in India and has facilitated the growth of passive fund management industry through his contributions at numerous industry and regulatory committees. He will lead the strategic direction and growth initiatives, focusing on crafting innovative investment strategies, forging key partnerships and positioning Angel One as a leader in the passive investment space in India.
 
Mr. Dinesh Thakkar, Chairman and Managing Director, Angel One Limited, said, "With Hemen being at the helm of our Asset Management business, we embark on a transformative journey with our foray into this thriving industry. Hemen's extensive experience in the industry, coupled with his strategic guidance will be instrumental in forging partnerships and positioning us as a leader in the passive investment space. This move underscores our commitment to pushing the boundaries of innovation as our AMC strides towards shaping the future of fintech and consequently, impacting a billion lives."
 
Mr. Hemen Bhatia, CEO, Angel One Asset Management Company Limited, said "I am honoured to assume the role of CEO, marking a significant leap in Angel One's pursuit of innovation and financial excellence in the Asset Management industry. Angel One has always been a trailblazer in the fintech industry through its innovative investment strategies. I look forward to the prospect of extrapolating significant achievements for our Asset Management business, as we embark on an exciting journey characterized by exponential growth. This transformative endeavor is poised to revolutionize passive investments and re-define India's financial landscape."
 
As the former Head of ETF at Nippon Life India AMC, Hemen Bhatia played a pivotal role in fostering strategic alliances. His adept leadership was instrumental in cultivating key relationships, notably with Department of Investment and Public Asset Management (DIPAM), Ministry of Finance for CPSE ETF tranches and the Employees Provident Fund Organisation (EPFO) for substantial investments in Nippon India's ETFs. Throughout his journey, the company

flourished under his leadership, becoming a dominant player in the passive business. Notably, Hemen's expertise extends to launching and developing various industry-first ETFs and index funds. Furthermore, he played an instrumental role in setting up CPSE ETF at Goldman Sachs AMC, serving as an Executive Director and overseeing the Government of India's first and innovative disinvestments.
Business Wire India

Pernod Ricard India forays into the Indian Single Malt category with the launch of Longitude 77. Marking 30 years of the company's presence in India, the announcement is a testament to the growing popularity of premium Indian spirits. Longitude 77 pays homage to the country's enchanting spirit, historical craftsmanship, diverse culture, breathtaking landscape and unique terroir. The single malt's name is inspired by the line of longitude that passes through the length of India at 77° East – symbolic of India's position on the world map.
 
The brand ethos is intrinsically woven with the heritage of India and Pernod Ricard India's steadfast dedication to innovation and investment in products made in India. It reimagines the legacy of Indian luxury by inspiring discerning consumers to discover and establish a deep and individualistic bond with their heritage. The single malt also caters to the increasing demand for premium and homegrown Indian spirits.
 
The launch of Longitude 77 was brought to life through a showcase of contemporary Indian luxury at DLF Golf & Country Club, Gurugram. The enthralling evening offered guests a glimpse into the story of Longitude 77, through a theatrical spectacle of 'Reimagined India', brought to life by beacons of authentic contemporary Indian luxury, led by the charismatic storyteller Arjun Rampal. The event was complemented by a presentation of cutting-edge Indian soundscapes curated by Indian-American musician Karsh Kale, a showcase of contemporary Indian fashion by designer Ashish Soni, and an exploration of the culinary arts by Chef Vicky Ratnani.
 
Encapsulating the enchanting spirit of India in style, the fashion showcase was a scintillating highlight of the event that represented elements from the North to the South. Together with celebrities Sandeepa Dhar from Kashmir, Sonam Bajwa from Punjab, Rajiv Makhni and Kalyani Chawla from Delhi, Arjun Rampal from Maharashtra, and Murali Kartik from Tamil Nadu, the fashion extravaganza put the spotlight on the longitude of India. Showstopper Bobby Deol added more panache as he walked the ramp in an indigo-coloured ensemble. The overall design scape was awash with the colour Indigo and evoked a sense of contemporary Indian luxury.
 
Produced in small batches in a distillery in Dindori, Nashik (Maharashtra), Longitude 77 brings together locally sourced ingredients and the craftsmanship of Pernod Ricard's master distiller to create a superior taste of luxury. Double matured, mellowed and knitted to perfection in American Bourbon barrels and wine casks, the single malt has a natural, mahogany colour – a true testament to its ageing process. Its flavour profile is exquisitely smooth, full bodied and balanced, with hints of caramel, vanilla and a faint peat smoke that offers depth and complexity in every sip.
 
The bottle comes in an Indigo coloured matte finish box, the colour that India gave to the world. Both the box and the bottle feature a stamp depicting the map of India with the Longitude 77 passing through from the north to the south, a symbol that commemorates the best of India. The brand manifesto alludes to snow bound lairs, mountain waters, colours of the desert and fields of gold, encapsulating the iridescent essence of the country.

Kartik Mohindra, Chief Marketing Officer, Pernod Ricard India, said, "As we celebrate 30 incredible years in India, our commitment to delivering quality brands and experiences gets enhanced with the launch of Longitude 77. Inspired by the line that runs through the heart and soul of India, Longitude 77 is a symbol of authentic contemporary Indian luxury.

Our Master Distiller has carefully crafted an exquisite liquid to celebrate and showcase India's rich culture, heritage, terroir and craftsmanship. We believe that Longitude 77 will give the world a taste of "India Reimagined". We are confident that this exceptional addition to our portfolio will be embraced by whisky enthusiasts across the world and elevate their convivial experience."
 
Longitude 77 Master Distiller, R Natrajan shared, "It is an exciting time for Indian single malts as whisky enthusiasts discover the beauty of homegrown spirits. Longitude 77 is an Indian single malt that's proud of its provenance, crafted with utmost care and attention. Produced in small batches, it seeks to represent the best of India's rich terroir and local ingredients. The liquid has been double matured and brought to perfection in American Bourbon barrels and wine casks. The result is an exquisite, full bodied single malt with notes of caramel, vanilla, and subtle peat smoke. Longitude 77 is more than just a single malt; it is our homage to the enchanting spirit of India."
 
Storyteller & Style Icon Arjun Rampal on the launch of Longitude 77 expressed, "I trace my roots to Madhya Pradesh where I grew up, did my schooling in Kodaikanal (Tamil Nadu) and launched my career in Maharashtra. So, my experience of India is diverse, like a journey along the Longitude 77. I think I embody the brand in more ways than one. It's a pleasure to represent a brand like Longitude 77, which beautifully pays homage to the enchanting spirit of India. The brand elevates India on the global stage, celebrating its rich culture, heritage, and terroir."
 
Showstopper and actor Bobby Deol said, "I am very happy to be at the Longitude 77 launch. Raised in a proud Punjabi family in Mumbai, I carry our rich heritage with a touch of modern luxury. There's something in our soil that keeps us rooted to our rich heritage. I believe in the power of reimagination. Any craft needs to evolve with time. I believe in reinventing myself and bringing freshness to my work. My association with this launch embodies that spirit."
 
Indian American Musician Karsh Kale said, "My musical expression blends Tabla expertise with a passion for electronic beats, reflecting my contemporary Indian identity. Proud to contribute to Longitude 77 launch by creating music that complements the brand ethos. Congratulations, on this beautiful launch, Pernod Ricard India!"
 
Fashion Designer and Style Visionary Ashish Soni expressed, "Longitude 77, where every stitch weaves a tale of tradition and contemporary elegance. My passion manifested itself in luxurious captivating designs across Longitude 77. The curated collection for the launch showcased fashion from across the longitude brought to life through designs by Varun Bahl, Rajdeep Ranawat, Rajesh Pratap Singh, Shantanu & Nikhil. The launch evening was a mélange of different expressions creating a symphony of emotions intertwined to create an unforgettable tapestry of taste and style."
 
Chef Vicky Ratnani said, "In every culinary masterpiece, there's a drive for perfection and innovation. Longitude 77 not only embraces these ideals but takes the culinary experience to new heights. Like India's rich food culture, the single malt category has much to offer, and Longitude 77 leads the way, presenting a reimagined India to seekers of Contemporary Indian Luxury."
 
Actor Sonam Bajwa said, "As an actor, I've worked across diverse Indian cinema genres, experiencing rich culture from North to South. Delighted to associate with Longitude 77, a brand that mirrors this journey with its luxurious single malt spanning the length of the country."

Actor Sandeepa Dhar said, "Growing up, I've been obsessed with everything quintessentially Indian—from traditional Bollywood dance or music to modern storytelling. It feels fantastic to celebrate the launch of Longitude 77, a brand that encapsulates the essence of reimagined contemporary India."

Cricketer Murali Kartik said, "As an Indian sportsman, pride and respect for my country is engraved in my DNA. I am happy to be associated with Longitude 77 as it is a brand that is proud of what India stands for and celebrates its heritage and modernity in a unique, luxurious and contemporary way."

Musician Shubha Mudgal said, "It's a pleasure to be here performing at the launch of Longitude 77. I appreciate how my style of contemporary Indian music resonates with the brand's vision of showcasing a reimagined creative side to India. It is rooted in Indian culture and future-forward in its approach at the same time."

The launch event concluded on a high note with exclusive Longitude 77 sipping experience featuring serves celebrating the finest of Indian ingredients that have been granted GI tags for their uniqueness.

Longitude 77, now available in Goa, Maharashtra, Chandigarh, Rajasthan, Haryana, Uttar Pradesh and Delhi Duty Free, is set to expand its presence across other markets and is aimed at providing a premium convivial experience while establishing a new benchmark for Indian whisky drinkers.
Business Wire India

Marg Business Transformation is at the forefront of solving problems for organizations and leaders through Change Management and Leadership Development. Their focus on understanding the "why" in an organizational context has led to impactful solutions. As the authorized affiliate of Prosci Inc, a global leader in change management, Marg explores the dynamic realm of "Women in leadership" – how women approach issues, how they choose their priorities, the balance of the big picture and getting into details to get the job done etc and "Leadership during change "– what qualities a leader should display to mobilize people during change. The logical intersection presented itself as how women deal, lead, drive and manage change.

In line with Prosci's initiative of "Women in Change", Marg in India launched its first Round Table Event on "Women in Change" in December 2023. It was a fabulous experience for the entire Marg team to get together and host this diverse group of firebrand women leaders who exactly know what they are doing and go beyond to create an impact on people and change.

'Women in Change' was hosted face-to-face at the MARG office and participated by:
 
Nirguna Tilwankar– Head HR JC Penney. Nirguna is an experienced leader having expertise in various facets of HR - Business Partnering, Talent & Development, Talent Management & Performance Management including Rewards and setting up COE. The word "Multi" is associated with her - she is often seen managing multiple functions. She now manages multiple stakeholders in a multicultural setup in a global landscape. The promise she brings to the table is to add quantifiable value to the organization.
 
Nithya Subramanian – Head of Analytics, Kellanova. Nithya is adept in data science, AI, business intelligence, ERP (SAP), and product management, with a focus on strategic alignment and collaboration. She passionately speaks about Data Literacy, Data Accuracy, and Data Governance with the goal of enabling "data-driven decision-making" for organizations. No wonder her signature reads "In God we trust, rest must bring data".
 
Shalini Gupta – Awarded one of the top 50 marketers by Businessworld, she is responsible for Marketing, Category, Design and Supply Chain. Mandated with hyper-growth of the newly formed business unit for Sarees and other Indian wear brands Taneira, she is the General Manager of Taneira, Titan Group. With everything that she does, wonder what makes her say "Don't be a perfectionist". 
 
Sruthi Kannan – Head Cisco for Startups Head of Business Development- Digital Native Enterprise – Awarded as one of the top innovators in the country, Sruthi holds an interesting responsibility of bringing together Cisco-tech, deep tech, and the start-up ecosystem of unicorns and soonicorns, co-creating end-to-end digital solutions and opening joint go-to-market opportunities. She is instrumental in following on funding in partnership with investors as well.
 
Moderator: Sudeshna Basu Roy, CEO, Marg Business Transformation
 
The session was kickstarted by Michelle Haggerty-Mackay, Prosci COO and President, USA who remotely addressed by welcoming the group of leaders and underlining the importance of change and women leaders in change.

The group of women leaders hit it off instantly with informal discussions which paved the way for the structured "Women in Change" discussion. It was such an immersive and amazing discussion that it continued for some length of time even when the camera said "cut."

The main crux of the discussion on change and women and leaders brought forth the following points for us to ponder on:
 
Mindset: The women leaders felt strongly that their mindset attributed to what they have achieved:
 
  • Growth Mindset - constantly believing that things can be done if properly focused on.
  • Solution Focused – what can be done differently to solve the problem rather than focusing on the problem but not losing sight of the problem.
  • Emotional Intelligence – understanding where the other person comes from is very crucial.
  • Continuous Learning - There is never a time when women leaders know it all so be open to learning.
  • Customer Centricity – Have the customer as the focus and divert all efforts towards the same.
  • Eternal optimism – Things happen for a reason. Believe that and not become a victim under any challenge.
 
Leading & Managing Change: Anyone can land a change effectively as a leader with having the following as north star:
 
  • Clear vision of the leadership intent as to the future state, is the starting point.
  • Involve stakeholders well ahead in the game and make them a part of the change process.
  • Involve the teams and keep them informed.
  • Start small, see the impact, learn from it and scale.
  • Overcommunication is vital during change – the more the better.
  • Be transparent.
  • Have Fun in the process.
 
Women as change leaders: Women possess attributes that make them naturally lean into change like:
 
  • Women are more empathetic, the desire to be a HERO in a tough situation is low – in a change trust can be built easily with that trait.
  • Women are naturally associated with colours and diversity – they can make the change journey more lively adding that different perspective.
  • Women are more adaptive and collaborative which are key during times of uncertainty.
  • Agility comes naturally to women, and their proactive approach in navigating change can turn the entire situation in their favour.
  • Attention to details and ability to listen are how one picks up the pulse of the organization.
  • Intuitive nature of what will work or not work is high with woman – can be an asset during change.
 
However, just being a woman does not mean that the above will happen on its own. Taking the initiative, leading from the fore front and making full use of the above attributes and making decisions based on data shall make a change successful and establish women as leaders.
 
Observation on what can be done better to equip women as leaders:
 
  • Mentorship or advice received early in life helped this group of leaders excel in what they do. So having a structured support with mentors can enable more women leaders.
  • Constructive feedback is always a "gift" and can enhance the ability of high-performing women.
  • In the experience of the leaders, women second guess themselves despite the same qualifications and ability as the opposite gender. Self-doubting is more with women. So, women professionals must make that extra effort to guide women to be confident.
  • Networking with the right set of people can be a huge catalyst to career growth.
  • Women are always torn between being the persona in office and the persona at home – bridging the same and enabling a workplace where they can be their authentic selves may prevent dropouts which are observed in the mid-management level especially in STEM as proven by data.
  • Men around these professional women, both at office and at home should be aware of what role they can play in making those women become successful leaders.

Leaders become leaders because people find value in following them. The ask of being authentic leaders who may not be the person knowing everything in the room now seems to be the definition of a more real leader.

Leadership attributes can be masculine or feminine. Being hierarchical, aggressive, and autocratic may be required in times of crisis but the changes around us are a little different. The changes which are happening now like digitalization, automation, sustainability efforts, etc. require people to unlearn, upskill, and reskill i.e., demand a complete change in mindset. To make this happen, organizations must ensure that the change lands successfully. This is achievable only by fostering a more intuitive, empathic, and collaborative approach because organizations don't change; individuals do.
Business Wire India

Prodigy Finance, a social impact driven FinTech and a leading international student loan lender, is delighted to announce the appointment of Sonal Kapoor as its new Global Chief Commercial Officer. In her role, Sonal will spearhead the global commercial strategy and drive growth initiatives for the company.

Prodigy's mission is to break down the financial barriers to access education for international postgraduate students and was founded on this philosophy.

"I am excited to join Prodigy Finance because of their unwavering commitment to making quality education accessible to individuals worldwide. Prodigy Finance's innovative approach to financing education and its global reach aligns perfectly with my passion for promoting inclusive education opportunities," said Sonal.

Her leadership will be instrumental in expanding the company's market presence and driving growth. Prodigy is committed to its strategic expansion and innovation, Sonal's strategic vision will play a pivotal role in shaping the future direction of the company's commercial activities to ensure Prodigy remains at the forefront of the financial industry.

Sonal brings with her over 13 years of experience as a strategic leader in FinTech, e-commerce, product innovation & design and strategic partnerships. Sonal joins us after a successful eight years at Flipkart, where she held the role of Senior Director - Chief of Staff to the CEO. In this role, she acted as a critical strategic partner to the CEO & executive team, working to maximise business outcomes and taking ownership of driving the strategic agenda of the Flipkart group.

In her new role, Sonal will be responsible for overseeing and optimising Prodigy Finance's commercial operations on a global scale, strengthening client relationships and enhancing overall customer experience.

"I am honored to join Prodigy Finance. I look forward to leading and collaborating with a talented team to expand our global reach, innovate our financial solutions, and ultimately empower even more students to pursue their educational aspirations. The potential for growth and the chance to contribute to such a noble cause make this role incredibly exciting, and I can't wait to get started," said Sonal.
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