Key Leadership Movements At SBI Capital Markets, Kedaara Capital, VIP, VLCC

Virendra Bansal takes charge as new MD & CEO of SBI Capital Markets

SBI Capital Markets has named Virendra Bansal as the new managing director and CEO at SBICAPS - the wholly-owned subsidiary and investment banking arm of the State Bank of India (SBI). Before this, he was the country head for the US Operations of SBI, which included its offices in New York, Chicago, Los Angeles, Sao Paulo and Washington DC. 

Bansal replaces Rajay Kumar Sinha who has been appointed as the whole time member (finance and investment) of the Insurance Regulatory and Development Authority of India (IRDAI) for three years in January 2024. 

Bansal has also worked as the CEO, SBI New York Branch and vice-chairman of SBI (California) a US Retail Banking subsidiary of the Bank. He has also worked in SBI UK operations as head (Trade) and head of retail branch handling high net worth customers. 

Commenting on his new assignment, Bansal shares, "I am deeply honoured and excited to be chosen to lead SBICAPS – the country’s premier investment bank. Together with the team, I aim to strengthen SBICAPS' position both in India and overseas. We will continue our focus on driving innovation, fostering strategic partnerships, and delivering exceptional value with best-in-class investment banking solutions to our clients. I look forward to this opportunity to contribute to the legacy of this renowned institution and take it to greater heights".  

Amita Maheshwari to move out of Kedaara Capital

Amita Maheshwari, MD & operating director of talent at Kedaara Capital, has decided to move out of the firm, sources inform.

She plans to dedicate her time to giving back to society and the industry, utilising her expertise in fostering talent, shaping culture, and driving digitisation in a high-growth enterprise and building a social impact agenda.

Before her role at Kedaara, Maheshwari worked as the president and head of HR for Star India and later as the head of HR for The Walt Disney Company and Star TV, including Disney Hotstar for Asia-Pacific, Middle East and India for 14 years. She spearheaded HR operations across 27 markets in Asia, including India, China, Japan, Korea, and the rest of the region.

Maheshwari played a pivotal role in facilitating the integration and transition of Fox and Disney across the Asia-Pacific, India and the Middle East as well as launching Disney+ and Disney+Hotstar in 11 APAC markets. Furthermore, she played a key role in the successful launch of the OTT platform Hotstar in India under the leadership of Uday Shankar.

Over her 30-year career, she has held positions at Asian Paints, GE, Genpact, and MetLife Insurance, lending her expertise to diverse industries.

VIP Industries reassigns Neetu Kashiramka as MD

VIP Industries has re-designated Neetu Kashiramka as the managing director of the company, effective from February 14, 2024.

Kashiramka joined VIP Industries on April 7, 2020, as chief financial officer of the company. She was then appointed as executive director and chief financial officer of the company, effective May 8, 2023. Furthermore, she was elevated to the position of designated managing director and chief financial officer, effective November 14, 2023.

She is a qualified chartered accountant with over 26 years of post-qualification experience. She brings in more than two decades of experience in the corporate finance function across several organisations. Before joining the company, she was associated with various reputed organisations such as Greaves Cotton, Jyothy Labs, and Kewal Kiran & Company.

VLCC elevates Vikas Gupta to the positions of MD and group CEO

VLCC has reported that its group chief executive officer Vikas Gupta will be elevated to the role of managing director and group CEO, effective immediately. Vikas Gupta was appointed group CEO of VLCC in April 2023.

In his new capacity, he will continue to lead the company’s strategic direction, focusing on driving overall business growth by leveraging technology and prioritising customer-centric approaches to introduce the finest beauty and skincare products to the Indian market.

“With decades of global experience in building leading consumer brands and digital platforms, Vikas has played a pivotal role in VLCC’s growth in India, fostering new opportunities for expansion and development,” the company states.