wordpress blog stats
Connect with us

Hi, what are you looking for?

Saregama CEO Surya Mantha Resigns; Planning Entrepreneurial Move

After a year or so at the helm of music major Saregama India, its CEO Surya Mantha has resigned. Confirming to MediaNama that he is moving on Mantha messaged MediaNama to say that he is "looking at something more entrepreneurial." Prior to joining Saregama, Mantha was a Venture Capitalist with the Omidyar Network, before which he was the CEO of Network18's Internet business Web18. We'd checked independently, and learned that his move had already been reported by Radio and Music yesterday. At Saregama, Mantha made some pretty interesting moves: firstly, he rightly switched the focus of the company from phyiscal sales to digital, so that Saregama would focus largely on digital rights, and brought in a team with experience with both digital and music: Avinash Mudaliar, who was instrumental in building gaana.com was brought in from Times Internet, and Keshaw Sinha was brought in as CTO from Web18. Both had worked with Mantha in the past. Under Mantha's watch, Saregama's profitability improved in what appeared to have been a tough year for the music business, particularly with the decline in VAS: - For the quarter ended March 2013, the company reported a net profit of Rs 2.32 crore, a significant improvement from Rs 7.42 crore loss in the same quarter the previous fiscal, and revenue grew to Rs 47.95 crore. - For the quarter ended June 2013, Saregama reported profits of Rs 1.83 crore for the quarter, down 27.4% from Rs 2.52 crore profit in the same quarter last year and down 21.1% from…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ