Following the closing of of its technology media publications, United Business Media (UBM) India’s managing director Joji George has left the company. Yogesh Mudras, head of finance at UBM India, will now take on the role of acting managing director at the company and the firm’s website mentions the same. “Joji has moved on from the organization and I have currently taken over as acting MD,” Mudras told MediaNama.
UBM India sent a statement to MediaNama about Joji George’s departure from the company:
“ Joji George resigned and moved on to pursue other interests and the decision was agreed mutually with respect and acknowledgement of his role in driving UBM to a position of being market leader. The UBM Tech decision was a decision made on a regional basis and over several years . All market sectors change sometime. UBM India has grown during Joji’s tenure and as a company we wish him best for his career ahead.”
In a statement to MediaNama, George told MediaNama that joining UBM India from a non exhibition background was an advantage for him, and helped identify gaps within the industry, saying that in 2014, the company achieved a “46% EBIDTA over previous years, in spite of losses of the already ailing tech media division. All loss making shows did a turn around and many lead shows like Renewable Energy, Jewellery, IFSEC and CPHI exceeded numbers in revenue and profit. New shows launched like Pharmalytica were profitable at inception.” He also launched a business intelligence division.
Shutting down the publications
On January 15th this year, UBM India had shut down all of its technology publications, three senior executives who were with the company had confirmed to MediaNama. In India, UBM operated Light Reading India, CRN,InformationWeek, EDN India and TechOnlineIndia.
George told us that UBM India had planned to disinvest “non-core businesses that were historically making losses. “The tech media business which was loss making for over six years had to be disinvested. This was also, in line with what was happening globally where the agenda of the group was to focus on events and exit the publication business. Simultaneously the conference division was restructured and met it’s numbers last year with a smaller headcount.”
George was appointed as India MD in December 2012. Prior to this, he was with Percept Sports and Entertainment as CEO, heading events in the country and also worked at Global Brand Forum, Astro, MTV and Yahoo in South East Asia at senior management positions specifically in the areas of new business development, brand management, marketing and promotions.
CORRIGENDUM & EDITORS NOTE: An earlier version of this story contained inferences that we hadn’t substantiated with multiple sources and were based on the claims of a single source. Our apologies to both Joji George and UBM India for this laxity in due process. This story has been rewritten accordingly.