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Tag: DB Group

  • All state COOs of DB group will report to Bhatia, in the move which will be effective November 2

    Harrish Bhatia to move as President – Print at Dainik Bhaskar

    By A Correspondent

     

    Harrish M Bhatia

    Harrish M Bhatia, CEO  of M​y​ FM,  is being elevated and brought back to DB group core business of print media  as President. In the new role, all state COOs of DB group, will report to him. This move will be effective starting November​ 2, ​2017.

     

    Bhatia joined M​y​ FM in Oct​ ’2001 and spent 16 years of his career with ​the group. Prior to moving to the ​r​adio division of the group​,​ he spent around ​six​ years in print  where he was head of the Rajasthan Unit. Subsequently, he laid the foundation of Divya Bhaskar in Gujarat and also led the Corp​orate​ Sales & Marketing vertical of the ​p​rint ​b​usiness.  Then in the year 2007, he took charge of ​the ​radio ​b​usiness and established M​y​ FM.

     

    ​Speaking​ on the ​development, Sudhir Agarwal, Managing Director, DB Corp Ltd​ said:, “Harrish is an old hand in the system, with his vast exposure across brands and categories and deep understanding of the various functions in the Print business, he will be able to take the business to new heights. I wish him all the very best in the new role.”

     

    Rahul Namjoshi, who was earlier the Corporate Sales Head, has been elevated as Business Head, MY FM keeping in view Bhatia’s movement into print business. In his new role​,​ ​Namjoshi will report to Pawan Agarwal, Deputy Managing Director. ​Namjoshi joined the organi​s​ation in March​ 20​07 and held the role of Regional Head Gujarat and Cluster Head – NCR till 2012. In 2012 he moved into the role of National Corporate Sales Head and has been also handling the client solutions team and the states of Maharashtra and Gujarat.

     

    ​Added Pawan Agarwal​: “Rahul has been with us since 2007, his strong understanding of the radio business both at the retail and corporate level made him the obvious choice for us, I am sure M​y​ FM will achieve new heights under his leadership.”

     

     

  • While the Companies Act makes it mandatory for the listed firms to have a whistle-blowing mechanism, these firms have hired UK-based InTouch MCS to attend their whistleblowers through a specialised BPO facility in Bengaluru

    Dainik Bhaskar joins Tata Steel, Ranbaxy to hire UK firm to attend to whistleblowers

    By Sachin Dave

     

    Indian companies are increasingly roping in specialists to manage their whistle-blowing mechanisms at a time when employees don’t hesitate to vent out their frustrations on social networking sites or to rush to regulators in case of a suspected fraud or an irregularity.

     

    While the Companies Act makes it mandatory for the listed firms to have a whistle-blowing mechanism, some companies such as Tata Steel, Ranbaxy Laboratories and DB Corp have gone a step ahead to hire the UK-based InTouch MCS to attend their whistle blowers through a specialised BPO facility in Bengaluru.

     

    “As Indian companies aspire to go global, whistle blowing is something they cannot afford to ignore. While setting up call centres inside the company do work, but it’s not as effective and a whistle blower may not always get the confidence to report to them, on a fear of being identified,” said John Wilson, managing director at In-Touch, which has set up independent whistle-blowing mechanisms for about 15 Indian firms.

     

    InTouch has 40 people working at its Bangalore facility to deal with whistle blowers who either call on the hotline or mail them. These complaints are then forwarded to the concerned to the senior official in the company who may or may not investigate the matter. InTouch has tied up with Ernst and Young recently where the latter could take up the investigation in the frauds in case the company wants them to do so.

     

    Girish Agarwal

    “We wanted to boost employee confidence, so we decided to include a multi-channel option for whistle blowers. The employees were provided with several options, which range across a 24×7 hotline, website reporting and email,” said Girish Agarwal, director at DB Group.

     

    According to industry insiders, hiring is the toughest part for the specialists as convincing the whistleblower to share all the details may not be easy. Psychiatrists and trained councillors are in demand to handle nervous whistle blowers.

     

    Industry trackers say that often Indian companies have been looking to just “tick the box” by setting up whistle blowing mechanisms in house. Insiders say that many Indian companies tend to get worried about the whistleblowers and often don’t want the allegations to backfire on the company.

     

    “Often Indian companies are worried that if a proper whistle blowing mechanism is set up it can backfire on them. However, the risk of having none is worse, as the whistleblowers can then go to regulators or take it to the social networking platforms,” said a senior official who is currently investigating a whistle blowing case in a multinational based in India. In the case, initiated after a whistle blower had shot emails alleging fraud, the investigations are now being carried out by one of the big four audit firms, the person said.

     

    Globally, independent whistleblowing firms get about 2.4 complaints per 1,000 employees. While 50% of the total complaints are made on phone, the remaining are made through email and a miniscule 5% through post.

     

    “It is tough to say how many of the concerns raised by the whistle blowers are genuine. But companies tend to investigate the more serious ones, especially around sexual harassment and fraud or bribery allegations,” said Arpinder Singh, partner and national leader, fraud investigation & dispute services (FIDS), EY India.

     

    Research says that about 60% of the whistle-blowing complaints are about HR issues like sexual harassment and about 10% are about corporate governance issues. Going ahead, it is expected that even Sebi may have to set up a whistleblowing mechanism.

     

    Source:The Economic Times

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