Report on Shemaroo

Jockey licensee Page Industries taps VS Ganesh as CEO

This comes after Vedji Ticku resigned as CEO citing ‘personal commitments.’

NEW DELHI: Page Industries has elevated VS Ganesh as executive director and chief executive officer. This follows the departure of Vedji Ticku, who resigned as CEO from the company last week citing “personal commitments.”

In a regulatory filing, the company stated that Ganesh will be appointed for a period of five years effective 1 June 2021. He is currently the executive director – manufacturing and operation.

Page Industries MD Sunder Genomal said, "I am delighted to welcome Ganesh, I have no doubt that Ganesh would exceed all our expectations in the role of CEO and that the company will continue to remain in excellent hands. I believe Ganesh has the right leadership skills and qualities to succeed Vedji and also drive the company’s growth to the next level."

On the firm's notable achievements with Ticku at the helm, Genomal added, "We thank Ticku for his leadership and contributions to the company over the last 24 years. During his tenure, he has provided valuable leadership to the senior executives and their respective teams."

Bangalore-based Page Industries is the exclusive licensee of American underwear brand Jockey International for manufacture, distribution and marketing in countries such as India, Sri Lanka, Bangladesh, Nepal, UAE, Oman and Qatar. It is also the exclusive licensee of Speedo International Ltd for the manufacture, marketing, and distribution of the Speedo brand in India.

For the quarter ended 31 December 2020, the company reported consolidated net profit of Rs 153.7 crore, a 76.64 per cent leap compared to the net profit of Rs 87.01 crore during the October-December period a year ago.

Revenue from operations, meanwhile, rose 16.78 per cent to Rs 927.06 crore during the quarter as against Rs 793.82 crore in the corresponding period of the previous fiscal.

During the last quarter, the company opened 80 new exclusive brand outlets, taking the overall number to 873 supported by strong pent-up demand, lockdown relaxation, demand for winter wear, traction in athleisure wear and festival demand. Most of Page’s stores have now opened and witnessed double digit growth in demand.

Latest Reads
Ratan Tata to exit Lenskart, makes a killing with 28X return on investment

NEW DELHI: It’s the basic rule of investing: buy and sell at the right price, at the right time. Mastery of this tenet is one of the reasons why Ratan Tata is among the most celebrated and venerated Indian businessmen. The billionaire is known for his angel investment in fledgling enterprises – and...

MAM Marketing Brands
Viewership, fan engagement & brand visibility: Understanding the power of Cricket Live on TV

New Delhi: With the mini-auction for the world’s richest sports league over, all eyes are now on the brands that will ride high on the Indian Premier League (IPL) especially as it gears up for its fourteenth season this April. Even more so, after its huge success last year, amid the challenges...

MAM Marketing MAM
Infectious Advertising elevates Chirag Raheja to head of copy

NEW DELHI: Infectious Advertising has elevated Chirag Raheja to head of copy with immediate effect. In his new role, Raheja – previously a CD – will be responsible for raising the craft across brands in the agency’s roster. He will also mentor young writers at the agency. “I am both humbled and...

MAM Media and Advertising People
Doceree appoints McCann’s Preetha Vasanji to lead new vertical

NEW DELHI: Physician-only programmatic marketing platform Doceree has forayed into enterprise-level network solution with Doceree Engage, appointing Preetha Vasanji as SVP to lead the vertical in India. Based in Mumbai, Vasanji brings over 20 years of experience from the healthcare and...

MAM Media and Advertising People
Quess Corp separates Chairman and MD roles, appoints new CFO

Quess Corp, India’s largest business services provider and a top-50 staffing provider globally, today announced the separation of its Chairman and MD roles. Suraj Moraje, currently Group CEO and Executive Director, will be elevated to Group CEO and Managing Director from April 1. Ajit Isaac,...

MAM Marketing Brands
Wondrlab bags creative mandate for Emami’s Navratna brands

NEW DELHI: Martech start-up Wondrlab has bagged the creative duties for Emami’s power brand Navratna. The business will be looked after by the agency’s content platform. The new mandate covers integrated duties for two of the company’s flagship brands, Navratna Cool Talc and Navratna Cool Oil. To...

MAM Media and Advertising Account
Ahead of IPO, Flipkart rejigs core leadership

E-commerce giant Flipkart has brought on Hindustan Unilever's Hemant Badri as senior vice-president – supply chain as the Walmart-owned company readies itself for an Initial Public Offering (IPO) by the end of this year, to take advantage of booming online sales that has boosted valuations.

MAM Marketing MAM
Meesho calls on women entrepreneurs to take the social commerce dip

Social commerce platform Meesho has launched a new TVC to create awareness about the wide range of products available on the platform for micro-entrepreneurs to choose from, share with their customers and make earnings towards their small-scale businesses.

MAM Marketing MAM
Global washing machine market to exceed $32,000 million by 2026

With the outbreak of Covid2019 and people becoming more hygiene conscious, the global washing machine market is forecast to grow at a rate of over seven per cent during 2021-2026, revealed a report by global management consulting firm TechSci Research.

MAM Marketing MAM

Sign up for our Newsletter

subscribe for latest stories

* indicates required