Yahoo has appointed Gurmit Singh as the Managing Director for Yahoo India. In this role, he will be overseeing Yahoo’s business in India and will be responsible for the company’s growth in the country. He will be reporting to Yvonne Chang, VP & Head of India and South East Asia, Yahoo.
Prior to this appointment, Singh was the CEO of Forbes India for about two and a half years. Before that, he was the head of Hindustan Times’s Mumbai edition for three years and CEO of Rajshri Media for about 10 months.
Singh also has significant experience in the music business, having spent over six years at Music Today, a part of the India Today Group, where he apparently started a music events division, expanded the label into the films genre, launched 2 new labels – one for the youth and one in the Economy segment, started the books & home video division and conceptualized their digital foray.
Singh was also with Sony Music Entertainment for around three and a half years, before joining the India Today group and has a total 20 years of experience.
Last February, Yahoo India & SEA managing director Arun Tadanki had quit after almost a four year stint with the company. Following this, Vishal Maheshwari, former Sr Director and Head of Monetization at Yahoo India and Chandrabhanu Pattajoshi, former Head of Sales Strategy at Yahoo India had also quit Yahoo India in August 2013. Maheswari is currently the founding partner of Serendipity Investments while Pattajoshi has joined SVG Media’s digital marketing data provider PrecisionMatch as its Business Head.
Last month, Yahoo had reported Asia-Pacific revenue (ex-TAC) of $194.5 million for the quarter, down 10.2% from $216.5 million in the same quarter last year. The total revenue was at $202.1 million for the quarter, down 25.75% from $272.2 million in Q4 2012. APAC region had generated about 16% of Yahoo’s total revenues for the quarter, down from 18% in Q4 2012.