Big Moves: Reliance Brands, Finolex, Balaji Telefilms, NP Digital

Reliance Brands' MD Darshan Mehta to step down

A media report has stated that Darshan Mehta, who led Reliance Brands as managing director, will step down after nearly two decades of leadership.

It has been revealed that Mehta will transition to a mentorship role within the Reliance Group where he will groom next-generation leaders and explore untapped business opportunities, further added the report. And, Mehta will continue serving as a non-executive director on the board of Reliance Brands.

The report indicates that a successor has not yet been chosen for the position of MD who could succeed Mehta. A leadership team comprised of senior executives will handle the operational responsibilities of the company.

Reliance Brands, whose foundation was cemented in 2007, Mehta has been with the company since then. Under the mentorship and leadership of Mehta, Reliance Brands entered into partnerships with several global brands, brought several of them to India, and on the side also invested in homegrown designer brands.

Before joining Reliance Brands, Mehta was a part of Arvind Brands.

Finolex Industries elevates Saurabh Dhanorkar to managing director

The Board of Directors of Finolex Industries has approved the appointment of Saurabh Dhanorkar, non-executive, non-independent director, as the managing director (MD), key managerial personnel (KMP) for two years, which will take effect from November 21, 2024, subject to the approval of shareholders.

Dhanorkar, who joined the company in 1983, had earlier served as managing director between 2012 and 2017. Later on, he continued to be on the Board in a non-executive capacity for the past seven years.

He is a fellow of the Institute of Chartered Accountants of India (ICAI). After joining the company in 1983, he rose through the ranks, and in 1994, he was promoted to Director – Commercial before being named assistant managing director. In 2012, he became managing director.

During his 33-year tenure, Dhanorkar helped the company grow from a Rs 2 crore pipe manufacturing enterprise to a multi-location petrochemicals and plastics processing company. He retired as Managing Director in November 2017 and joined the Board as a Non-Executive member, where he has served for the past seven years.

Balaji Telefilms elevates Sanjay Dwivedi to group CEO

Sanjay Dwivedi, who led Balaji Telefilms as group chief operating officer and group chief financial officer, has been elevated to the position of group chief executive officer. He will handle his new responsibilities along with that of being the group CFO.

Dwivedi has had stints across TATA SSL Limited, GSK, Mirchi, and Nimbus Communications.

As a part of the core management team of Balaji Telefilms, he has been instrumental in driving operations for steering the financial performance of the company. He works closely with the managing director, Joint Managing Director and the Board. During his professional journey with the Group, he has led the fund-raising activities; obtained sanction from private banks for business initiatives; saved a substantial amount in tax benefits for the Group through several initiatives, including clearing of old tax claims against the Company; and manages treasury corpus, in addition to other tasks as assigned from time-to-time.

NP Digital India appoints Rubeena Singh as managing director

NP Digital India has appointed Rubeena Singh as its managing director. In her new role, Singh will lead the agency’s business, focus on the development of new capabilities and solutions, and widen and deepen client relationships.

With over two decades of extensive experience, Singh has a proven record of driving growth, managing large-scale operations, and leading transformative initiatives. Her expertise in the digital marketing landscape, combined with her ability to stay ahead of industry trends, has consistently resulted in exceptional outcomes for clients and teams.

“We are happy to welcome Rubeena Singh to NP Digital India. Her expertise and commitment to excellence perfectly align with our vision to deliver unmatched results for our clients. Rubeena’s deep understanding of the digital ecosystem and her ability to build and nurture strong client relationships will be instrumental in driving our next phase of growth. We are excited about the remarkable contributions she will bring to our team,” says Prady, CEO and co-founder of NP Digital India.

Prior to joining NP Digital India, Singh held key leadership roles, including COO at Moneycontrol, CEO of iProspect India and Country Manager for Josh. During her tenure as Country Manager for AnyMind Group, she spearheaded the growth of Anymind beyond India, in UAE and Saudi Arabia and in new business segments. Her focus on innovation and operational excellence has consistently set industry benchmarks and contributed to the success of the organisations she has led.

Commenting on her new role, Rubeena Singh shares, "I am excited to join NP Digital India, a company known for its innovation and dedication to performance marketing excellence. I look forward to collaborating with the talented team here to build new solutions, expand the client base, and contribute to the continued success of the organisation. Together, we will set new benchmarks in delivering value to our clients and stakeholders."