Big Moves: Iffco Tokio, NextBuy, Zee Learn

Iffco Tokio appoints Subrata Mondal as MD & CEO - insurance news

Tokio General Insurance has appointed Subrata Mondal as the new managing director and chief executive officer.

Mondal, who has been associated with the company since 2001, brings over 36 years of experience in the insurance industry to his new leadership role, Iffco Tokio General Insurance (Iffco Tokio) said in a statement.

Prior to this, Mondal, an alumnus of IIT, Kharagpur, served as Chief Underwriter, where he was responsible for overseeing underwriting across multiple business lines, including property, engineering, marine, liability, credit, health, and miscellaneous insurance.

"Together, we will build on the strong foundation that has been established, while embracing new opportunities and challenges in the evolving insurance landscape. My goal is to ensure that IFFCO Tokio remains a trusted partner for our cents and a leader in the industry," Mondal said.

Cleartrip’s CBO Prahlad Krishnamurthi quits to Join Bizongo’s NextBuy as CEO

Prahlad Krishnamurthi has stepped down as the chief business officer (CBO) of Cleartrip, a Flipkart Group-owned travel aggregator, after a nine-year stint at the company. 

Krishnamurthi will now take over as the CEO of NextBuy, a solution offered by Bizongothat provides supply chain financing to businesses, particularly MSMEs, SMEs, and large enterprises. 

"After 9 amazing years with the Flipkart family, it's time for me to take on a new challenge. I’m excited (and a little emotional) to share that I’ll be moving on from my role as Chief Business Officer at Cleartrip to become the CEO of NextBuy at Bizongo!" Krishnamurthi said in a post on LinkedIn. 

“The past decade has been a wild ride, and I’ve learned more than I ever imagined. While I’ll miss the incredible folks I’ve worked with, I’m excited for what’s next at Bizongo,” he added. 

At Cleartrip, Krishnamurthi led the company through a transformative period, focusing on enhancing customer experience and operational efficiency to recover from the COVID-19 pandemic. He emphasised the importance of adapting to changing consumer behaviours and returning travel confidence.

Himanshu Yagnik steps down as Zee Learn COO

Himanshu Yagnik, the chief operating officer, of Essel Group’s education company Zee Learn has stepped down from his role, according to the company's BSE filings.  

Yagnik tendered his resignation on September 6, 2024, which is also his last working day with the company.

Yagnik stepped down to pursue interests outside the organisation.

"After a long association, I have decided to move out to pursue my interests outside the organisation. I sincerely request that you kindly accept this letter as formal notification of my resignation from my position as Chief Operating Officer of Zee Learn," commented Yagnik in a letter to the CEO.

Following his exit, ZEE Learn shares reportedly dropped 2% in early trade on September 9.