Hires & Promotions: Fulcrum Digital, Mindshare, Paytm, Table Space

Fulcrum Digital appoints Sathish Raghunathan as chief financial officer

Fulcrum Digital has named Sathish Raghunathan as its new chief financial officer (CFO). He joins the company with a career spanning over two decades, marked by strategic financial leadership and transformative growth in the IT sector.

Raghunathan brings a wealth of experience from his tenures at Wipro, Ensono, and Kin + Carta, where he played influential roles in shaping financial strategies amidst evolving market dynamics. His proven expertise across diverse sectors, including SaaS, data center and cloud services, consulting and digital transformation, makes him a strategic addition to the management team for Fulcrum Digital's next phase of growth.

Throughout his career, Raghunathan has successfully led the finance function through varied economic conditions. From times of growth to challenging downturns, including sailing through the mortgage crisis and the recent global health pandemic, his leadership has always been resilient. As a trusted advisor and catalyst for change, he has played key roles in guiding companies through transformative events such as mergers, acquisitions, and joint ventures, establishing himself as a seasoned and visionary finance leader within the technology sector.

Commenting on the appointment Dhana Kumarasamy, CEO of Fulcrum Digital says, “We are exhilarated to welcome Sathish to our leadership team as we continue to scale our platform engineering, digital services, and AI Platform assets. His proven track record of driving financial strategies amidst growth and challenges aligns perfectly with our vision for the future. We are confident that his leadership will further strengthen our financial foundation, investment in innovation and merging technologies, and drive sustainable growth."

"I am excited to join the Fulcrum Digital team during this pivotal phase of growth and innovation," mentions Raghunathan. "I look forward to partnering with the leadership team to strengthen financial discipline and operational rigor, and drive strategic initiatives that fuel our trajectory as an industry leader."

GroupM's Mindshare appoints Priyadarshi Banerjee as principal partner - content+ (Unilever)

Mindshare, the media arm of GroupM has appointed Priyadarshi Banerjee as principal partner/ lead - content+ (Unilever).

Banerjee was previously the vice president - account management at Kofluence.

He began his career at Airports Authority of India and went on to work across HSBC Global Banking and Markets, Wipro Digital Operations and Platforms, Thomas Cook Group, Wunderman Thompson, Bennett Coleman and Co, Readers Digest, Future Group India, One Digital Entertainment and Neoma Ventures.

During his stint at Future Group India as marketing manager - Ack Media, Banerjee held entrepreneurial responsibilities including setting up and leading the direct-to-consumer sales & marketing efforts for the licensed businesses of National Geographic, Bloomberg Businessweek and Forbes International.

He set up the entire direct-to-consumer channel, both offline and online, for consumer goods, published products and children's entertainment. He led marketing, operations and consumer services teams. He handled multiple brands (owned, licensed and outsourced) in the direct & online catalogue business, and set up focused functions like campaign analytics, database management, creative strategy, lead generation, lead management and customer acquisition.

Paytm's SVP Praveen Sharma quits 

Praveen Sharma, senior vice-president of business at Paytm's parent One 97 Communications, has resigned and will be relieved of his services on March 31. Sharma, who quit Paytm to pursue 'other opportunities', was at Google for nine years before joining Paytm.

Paytm has also denied reports of significant workforce reduction in specific business segments, in an exchange filing. The filing states, quoting a Paytm official, "The claims of layoffs affecting 50 per cent of our workforce are unfounded and misleading. We are focused on sustainable growth, innovation and providing exceptional service to our customers. We urge our stakeholders and the public to rely on factual and verified information from official sources and disregard speculative narratives."

It added that the company is currently conducting its annual appraisal process to enhance team performance and is not indicative of layoffs.

On February 26, Vijay Shekhar Sharma resigned from the Board of embattled Paytm Payments Bank (PPBL) to enable the reconstitution of the board. On January 31, the RBI imposed major business restrictions on PPBL, including a bar on accepting fresh deposits and doing credit transactions after February 29. On February 16, the deadline was extended till March 15.

Jamshed Taraporwala joins Table Space as executive director - India Enterprises Business Development

Table Space has named Jamshed Taraporwala as the executive director of India - Enterprise Business Development to capitalise on the rapid expansion of India's managed workspace market. 

With over 17 years of experience in commercial real estate, Taraporwala has worked at Knight Frank India and JLL.

“The demand for adaptable and premium workspace solutions is booming, and I see a massive opportunity for Table Space to capitalise on this growth. By setting up a business development team and attracting top talent, we aim to unlock new revenue streams for the brand and strengthen our leadership position in the category, “ says Taraporwala.

Taraporwala will lead the setting up of a dedicated team that will engage deeply with both existing and new clients across India.

Amit Banerji, chief executive officer of Table Space adds, "The Indian flexible workspace sector is at the cusp of a paradigm shift, with managed offices leading the charge. To navigate this dynamic landscape, leadership that fosters high-performing teams is paramount. Jamshed's proven track record in this area makes him the ideal fit. His expertise will be instrumental in shaping the future of this burgeoning industry, not just for Table Space, but for the entire managed office ecosystem."