Management revamps at S Mobility

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Management revamps at S Mobility

S Mobility Limited is to have in place a highly experienced and professional leadership team comprising a well qualified CEO, CFO and other Business & Vertical Heads, appointed to individually manage specific operations within the company as part of its endeavor to aggressively explore and drive growth opportunities across all avenues of the dynamic and ever evolving Mobile Internet business. With respect to this transition, the founder of the Company, Dr. B. K. Modi and other members of the Modi family will cease to play an executive role in the Company's operations.

A new holding Company, Si2imobility Private Limited will hold the promoter holding of 68.65% in S Mobility Ltd. With Dr B. K. Modi as CEO and Chairman of the Company, Si2imobility Private Limited has been formed to provide dedicated focus on the group's Mobile internet interests and will have its own Board of Directors that comprises an equal distribution of highly respected professionals and members of Dr. Modi's family.

Dr. B. K. Modi, Chairman and CEO of Si2imobility said, "This transition is in line with our endeavor to completely professionalize the operations of our Mobile Internet businesses with a view to swiftly and aggressively identify and take advantage of opportunities. We believe Mobile Internet is clearly the new wave and the future. In order to leverage the potential of this space, there is need for a highly capable, experienced and dedicated leadership team. We have already identified and begun appointing relevant professionals and will empower them by providing the team with infrastructure and all other necessary resources. Our Global Innovation Centre in Singapore will play a strong role in supporting the initiatives of our Mobile Internet business with the design and development of some cutting edge offerings. We will also look to leverage our scale to put in place a global supply chain for mobile devices besides setting up our own Mobile Application store. All of this will enable us stay well ahead of the innovation and technology curve in the Mobile Internet space."


For More Details See

www.varindia.com

Comments

Post a Comment

Popular posts from this blog

N Chandrasekaran appointed chairman of Tata Sons

Image
The board of directors of Tata Sons, at its meeting has unanimously appointed N Chandrasekaran as executive chairman, Tata Sons. N Chandrasekaran shall take charge from February 21, 2017. The board of Tata Sons said, “Chandrasekaran has demonstrated exemplary leadership as the chief executive officer and managing director, Tata Consultancy Services. We believe he will now inspire the entire Tata group to realise its potential acting as leaders in their respective businesses, always in keeping with our value system and ethics and adhering with the practices of the Tata group which have stood it in good stead.” Chandrasekaran was the chief executive officer and managing director of Tata Consultancy Services since 2009. A Tata lifer, he had joined the company in 1987 and was appointed as a director on the board of Tata Sons on October 25, 2016.
Read more

Visa buys NFT based CryptoPunk and paid $150,000 in Etherium

Image
Visa buys NFT based CryptoPunk and paid $150,000 in Etherium:  Leader in the digital payments   Visa   has purchased a digital CryptoPunk for $150,000, marking the company's first ever   NFT   purchase. The deal is clearly shows that, Visa is stepping into the world of NFTs with its purchase of   CryptoPunk 7610 .   Going forward, NFTs and Visa to align and integrate them in new brand strategy to gain a sizable market share. However, NFTs have often been compared to physical collectible items like rare trading cards and works of art.   The CryptoPunk 7610, which feBlatures a female punk with a mohawk and large green eyes. "We envision there could be a future where your crypto address becomes as important as your mailing address," Visa's Head of Crypto said.   An NFT - which stands for non-fungible token - is a unique digital asset designed to represent ownership of a virtual item. Unlike bitcoin and other cryptocurrencies, NFTs can’...
Read more

Prizm Payment Services changes its name to Hitachi Payment Services

Image
Hitachi Payment Services Pvt. Ltd has changed its corporate name from Prizm Payment Services Pvt. Ltd (“Prizm Payment Services”) to Hitachi Payment Services Pvt. Ltd (“Hitachi Payment Services”). “The new name reflects Hitachi’s commitment to business expansion in India, and to build a strong global financial payments offering leveraging the expertise of the Prizm Payment Services acquisition. Hitachi sees immediate potential to grow in the Asian subcontinent markets with the epicentre of growth being India, and migrate into other markets. Also, the name change will have no change on Prizm Payment Services’ operations,” said Loney Antony, Managing Director, Hitachi Payment Services. “Hitachi had acquired Prizm Payment Services with the aim of accelerating global development of IT services businesses targeting financial institutions, particularly in the fast-growing Asian region, and the company has been the gateway of entering into the services business in India for Hitachi. We ...
Read more