HOME > BUSINESS > PepsiCo veteran replaces Manoj Kohli as MD, Bharti Enterprises

PepsiCo veteran replaces Manoj Kohli as MD, Bharti Enterprises

manoj-kohli
Manoj Kohli

Bharti Enterprises — parent of Bharti Airtel, appointed PespsiCo veteran Rahul Bhatnagar as Managing Director & Chief Financial Officer, and said Manoj Kohli will step down.

Bhatnagar will report to Sunil Bharti Mittal, Chairman, Bharti Enterprises.

Rahul takes over from Manoj Kohli, who has assumed the role of Executive Chairman, SBG Cleantech – a JV between SoftBank, Bharti and Foxconn for renewable energy.

“In his new role, Rahul will build strategic business value proposition for Bharti’s non-telecom businesses. He will be responsible for further strengthening the financial management processes and governance of these businesses and also lead new business development for the group,” the group said.

Bharti Enterprises is present in industries such as telecom, retail, software and insurance. Kohli is a veteran of the group, and was for a long time, head of Bharti Airtel.

Kohli is seen as one of the key persons who built the Bharti group, and many consider him next only to Sunil Mittal in his contributions to the group.

Rahul is a CA from ICAI and an MBA from Wharton. He brings with him over 35 years of rich global experience spread across diverse industries. His experience spans Business Strategy and Execution, Financial Management and Controls, M&A, Taxation, Treasury, Marketing Intelligence and IT.

His last assignment was with PepsiCo, where he worked for over 19 years in various senior level positions across geographies. He was the CFO for the India business (1996 to 2003), CFO – Beverages and Snacks businesses for the APAC Region (2003 to 2009), and most recently he was VP – Business Services & CFO for WorldWide Flavors business for Ireland (2009 to 2015).

Prior to joining PepsiCo, Rahul was CFO for Seagram India (1994 to 1996) and before that he was the Financial Controller for Nestle India. He started his career as a Consultant with AF Ferguson and also worked with Touche Ross Consulting in the US.

Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri business, financial services, retail and manufacturing.

Bharti Airtel Limited, the group’s flagship company, is a leading global telecommunications company with operations in 20 countries across Asia and Africa. The Company ranks amongst the top third mobile service providers globally in terms of subscribers.

Other business ventures of the group include Bharti SoftBank – a JV between Bharti Enterprises and SoftBank Corp. for mobile internet.

Beetel Teletech – a JV between Bharti Enterprises and US based Brightstar, is India’s leading manufacturer and distributor of telecom and allied products. The group has a JV – FieldFresh Foods – with Del Monte Pacific Ltd, to offer fresh and processed fruits and vegetables in the domestic as well as international markets.

Bharti has JVs with AXA, world leader in financial protection and wealth management, for Life Insurance and General Insurance. The group has presence in the retail sector through Bharti Retail which operates multi brand retail stores in various formats under the ‘easyday’ brand.

Follow ULTRA.news
RCom lenders get first round of bids for spectrum, fiber and assets – report The lenders of Reliance Communications have got initial bids for the company's assets from the three big telecom companies in India, CNBC TV18 reported, quoting banking sources.The Anil Ambani Group company is under the control of its lenders after it ran aground due to high...
Airtel’s new 4G pack is 30% cheaper than Reliance Jio Bharti Airtel has unveiled two new publicly available 4G plans with 2 GB and 3 GB of data allocation per day, along with free voice and SMS benefits.These plans are unique as currently no other operator offers 2GB or 3G per day at these price levels.Airtel has priced its ...
Bharti Airtel offers cashback on Intex 2GB RAM models, others Continuing with its tie-ups with hardware brands, Bharti Airtel announced three more 'cash back' models from Intex, including one with 2GB of RAM.The cheapest will be the Intex Aqua LIONS N1, priced at Rs 3,149 and eligible for for a cash back of Rs 1,500 over a period of th...
Zensar Tech CFO resigns with immediate effect Zensar Technologies, the IT services company from the RPG Group, said its chief financial officer Manoj Jaiswal resigned with immediate effect."He will be relieved from his duties with effect from the closing of business hours on Dec 4," the company said.It was not clear...
Bharti Airtel invests in e-publishing platform Juggernaut Bharti Airtel said it has acquired a strategic stake in Juggernaut Books, a popular digital epublishing platform.Telecom companies in India are busy building or buying content companies in an effort to offer their own content on their networks."The investment is in line ...
Bangalore, ‘cultural fit’ swung it for Salil Parekh – Search Committee Head Two crucial factors that swung the decision in favor of hiring Capgemini veteran Salil Parekh as the new CEO of Infosys were his familiarity with working in the IT sector in Bangalore and his overall 'cultural fit' with the Indian IT industry, said Kiran Mazumdar-Shaw, who heads...
Bharti Airtel denies violating Aadhaar norms Bharti Airtel today said it has not violated any norms set down by the UID Authority of India for the use of Aadhaar verification.Responding to a notice from the stock exchanges, the company confirmed having received notices from the UID Authority on alleged violations of no...
Will Reliance Jio launch Rs 199 plan with 1 GB per day for 28 days? A new plan being bundled with Xiaomi's new affordable plan, Redmi 5A, suggests that Reliance Jio could soon launch its first monthly unlimited plan priced at Rs 199.The plan, valid for four weeks, will give 1 GB of data per day, unlimited voice and access to Jio apps.The...
Exchanges seek clarification from Bharti Airtel on Aadhaar misuse charges Stock exchanges in India have sought a clarification from India's largest telecom company by revenue, Bharti Airtel, on a report that it was under investigation by a government agency for allegedly misusing customer data to open bank accounts in their names."(The) exchange ha...
Airtel launches VoLTE in Karnataka Bharti Airtel continued to expand its lead over Vodafone and Idea in terms of supporting 4G voice services by launching VoLTE or Voice over LTE services in Karnataka.The prices for VoLTE calls will remain identical to those of traditional calls.However, customers who us...
Tata DoCoMo users get Airtel network, but not the tariff plans yet Bharti Airtel and Tata Teleservices said they have started moving customers of Tata DoCoMo to the Bharti Airtel network using what is called an 'intra-circle roaming' or ICR agreement.This essentially means that Tata Teleservices will continue to operate a network in a techn...
Reliance Jio arrests trend of declining net additions; user activity increases Reliance Jio, India's newest operator, added 5.94 mln subscribers in September, breaking a declining trend in net additions and taking the total subscriber number to 138.62 mln (13.86 cr).Even as the company increased its subscriber numbers, it was also able to reduce the p...
As Jio reality sinks, Idea abandons ‘limited aggression’ strategy Idea Cellular has abandoned its earlier strategy of 'limited aggression' in dealing with the threat from Reliance Jio and Bharti Airtel, and will be more visible in its counter strikes from now, said CEO Himanshu Kapania."From end October, Idea has shifted its earlier stand ...
Bharti Airtel raises Rs 3,325 cr by selling shares in Infratel Bharti Airtel said it raised Rs 3,325 crore (USD 510 Million) by selling shares in its tower subsidiary.It sold 83 mln shares at Rs 400.60 each. The price was at a discount of 3.6% to the previous day’s closing level.Shares of Infratel opened down by about 4% today due ...
Tata Teleservices loses 7.3% subscribers in October in Maharashtra Tata Teleservices, the mobile telecom arm of the Tata Group that was sold to Bharti Airtel last month, lost about 7.3% of its nearly 7 mln mobile subscribers in Maharashtra and Goa, according to a regulatory filing by the company.Tata Telservices Maharashtra Ltd, as the compa...
Bharti Airtel unveils new postpaid plan 499 with 20 GB data Bharti Airtel said it had introduced new 4G plans for its postpaid, or contract, customers, bringing some of the benefits that were hitherto available only to the prepaid segment.The new plan has been priced at Rs 499 plan for the postpaid segment.However, compared to pr...
Airtel Broadband users get to ‘carry over’ unused data to next cycle Bharti Airtel said its home broadband users will get to carry over all unused data benefit to the next billing cycle up to a limit of 1,000 GB."This is a first of its kind innovation in the fixed home broadband segment in India. The 'Data Rollower facility will ensure that Ai...
4G prices to stay low for a year – Airtel unveils cheap 1-yr plan If there are people who expect data prices to rise substantially in the next one year, they are probably not working at Bharti Airtel.India's biggest telecom firm by revenue has unveiled long-term recharges that allow users to lock in the current cheap prices for up to a yea...
Post Bharti Airtel deal, Tata DoCoMo reaches out to worried subscribers Photo by Adithya VikramTata DoCoMo has started reaching out to customers to prevent them from leaving the network in droves, ahead of a takeover of the mobile operations by Bharti Airtel.Subscribers of Tata DoCoMo, a brand operated by Tata Teleservices, had started porti...
Bharti Airtel ARPU falls below Jio’s; but data usage zooms Bharti Airtel, India's largest telecom company by revenue, reported further erosion in its revenue and profit in September quarter compared to the previous June quarter.The company reported revenue of 21,777 cr, down 12.3% compared to a year ago and down 0.8% compared to the...