Tag: Pavan Varshnei

  • Pavan Varshnei quits ABP, hands over to Kaushik Banerjee

    By A Correspondent

     

    Pavan Varshnei, President, English language publications at ABP, has decided to move on with Kaushik Banerjee, Vice President of the ABP group, taking additional charge with effect from March 1, 2012.

     

    Pavan Varshnei joined ABP in 2008 to run Businessworld, and set up and launch Fortune India. Prior to joining ABP, he was the Publishing Director of the Business Division at the India Today Group and was credited with rapidly expanding the portfolio. He identified new segments and successfully launched four new publications: Scientific American, Harvard Business Review, Men’s Health and BT More. He also negotiated a joint venture with Germany’s Axel Springer Group to launch Auto Bild India.

     

    Before joining the IT Group, he was executive vice-president at Lintas India. He spent 14 years at Lintas, working across several Unilever brands, Maruti Suzuki, Electrolux, Joyco, Wills Lifestyle and Sony Ericsson. At Lintas, he also served as head of insight and oversaw the AOR (agency of record) media business for Bajaj Auto, Idea Cellular, UTI, Pantaloon and Parle Agro. Varshnei is a Chevening scholar from the London School of Economics, UK. He graduated from St Stephen’s College, Delhi, and holds an MBA with distinction from the Asian Institute of Management, Manila.

     

    Mr Kaushik Banerjee joined ABP in 2007 and oversees all SBU activities of Anandabazar Patrika. Armed with 15 years experience in sales and marketing, he had a long stint at Titan Industries, where he was instrumental in launching their range of alarm clocks in India. Thereafter, he moved to Duncans Industries Ltd in Calcutta, becoming the marketing head for their packaged tea division.

     

    After a short stint at Bombay Dyeing, he joined Idea Cellular Ltd. He them moved on to the Murugappa group where he became Vice-President, Sales and Marketing, working with the bathroom products and travel divisions. Mr Banerjee is a mechanical engineer from Jadavpur University and is an alumnus of IIM, Lucknow. The move took place earlier this month and an internal communique was sent out. Mr Banerjee is likely to relocate to New Delhi from Kolkata and Mr Varshnei has not yet revealed his plans for the immediate future.

     

  • Fortune India brings out its top 500 ranking

    By A Correspondent

     

    Fortune India magazine has released the Fortune 500 India list for 2011 with its December issue. It comes as no surprise that the list is dominated by the oil and gas sector, led by Indian Oil Corporation, Reliance Industries, and Bharat Petroleum Corporation.

     

    The banking sector seems to have dropped in rankings, with the top two lenders, SBI (ranked 4) and ICICI Bank (12), slipping in 2011. Twenty eight of 46 banks have fallen in rankings; only 15 have gone up. The gainers are automobile firms and their ancillary suppliers. The government continues to play a big role in business, with a total of 82 government-owned companies on this year’s list.

     

    Mumbai has remained the natural home of India Inc. despite the growth of other cities. Over a third of companies, 177 to be precise, are headquartered in the financial capital. This is followed by Delhi and its suburbs, which hosts 111 corporate head offices. Surprisingly, Kolkata continues to be a major corporate city with 38 Fortune India 500 companies, ahead of IT capital Bangalore (25 headquarters) and Chennai with 34. Pune, Ahmedabad, and Hyderabad are far behind, home to 22, 19, and 17 firms respectively.

     

    Mr D N Mukerjea, Editor, Fortune India Magazine, said: “The Fortune India 500 is a celebration of the size and might of Indian companies. Over the last year, the 500 largest corporations have grown sales by 21.5%; the median growth has been even higher, at about 25%. There also appears to be a fair degree of churn—there are 57 new companies, around 11% of the list. That’s always a good sign because it indicates that the laggards are being replaced by smarter and hungrier companies. The good news, however, is that many of the Fortune India 500 companies are now beginning to shape the world’s opinion of India for the better. And they may just be doing a better job than their Chinese counterparts.”

     

    Commenting on the release of the second Fortune India 500 list, Mr Pavan Varshnei, President – English Magazines, ABP said: “We are extremely proud to present this impressive second edition of the Indian Fortune 500 list. Most of the companies have managed to retain their top- positions. They have contributed towards the growth of India’s GDP and the economy. It is almost every organisation’s goal to be listed in Fortune 500 list, which is regarded as a benchmark of business excellence. I would like to congratulate all the companies and organizations who have made a cut in the list this year and wish them a successful year ahead”.

     

    The Fortune India 500, published by Fortune India magazine is an annual list compiled on the basis of latest sales and gross revenue figures. It ranks the top 500 Indian companies (publicly and privately-held companies for which revenues are publicly available) by their gross revenue after adjustments. For a sense of perspective, the special issue also features China’s 500 largest corporations as well as a list of the 75 largest corporations of BRIC (Brazil, Russia, India, and China) countries.

     

    Other individual data points include year on year change on total revenues; net operating income; profits; assets; net worth; profit as percentage of revenues, assets and net worth; dividend; and total salaries.

     

    The issue also ranks top players across different sectors including airlines, automobiles, banking, cement, consumer durables, pharmaceuticals, FMCG, infrastructure and development, media, oil and gas, power, real estate, retail and telecommunications among others.

     

    The top ranking companies of Fortune 500 India list are:

    1.       Indian Oil Corporation

    2.       Reliance Industries

    3.       Bharat Petroleum

    4.       State Bank of India

    5.       Hindustan Petroleum

    6.       Tata Motors

    7.       Oil and Natural Gas Corporation (ONGC)

    8.       Tata Steel

    9.       Hindalco Industries

    10.   Coal India

    11.   National Thermal Power Corporation (NTPC)

    12.   ICICI Bank

    13.   Bharti Airtel

    14.   Larsen & Toubro

    15.   Essar Oil

    16.   Steel Authority of India (SAIL)

    17.   Bharat Heavy Electricals Limited (BHEL)

    18.   Mangalore Refinery and Petrochemicals Limited (MRPL)

    19.   Maruti Suzuki Inida

    20.   TCS

     

  • One year celebration for Fortune India

    By A Correspondent

     

    Fortune India, which was launched in October 2010, has created a reputation for being one of the best global business magazines in India.  To celebrate its first anniversary, Fortune India has come out with a double issue.

     

    Mr Pavan Varshnei, President, Fortune India, said, “The response to Fortune India has been splendid, both in terms of readership and advertising. While we’re a monthly, we still command the highest advertising market share in the premium business magazine segment. Today, Fortune India is the preferred choice among business leaders and advertisers of high end products and services.”

     

    The anniversary edition promises to be an insightful and enriching read. The cover story ‘How we work’ focuses on the changing Indian work culture. Another interesting story, which is set to spark a new debate among marketers, is Grey Sells, focussing on the 80 million people aged 60 or above, who provide a great new business opportunity. The story on Taiwan’s largest, and the world’s second-largest, chipmaker, MediaTek, shows how it has revolutionized the cellphone market in India and China. Along with the anniversary issue is a Collector’s Edition featuring the best of Fortune India’s coverage of business thought, leadership and practice across India and the neighbouring countries.

     

    On the occasion, Mr Dibyendra Nath Mukerjea, Editor of Fortune India, said, “When we launched Fortune’s India edition a year ago, we wanted to bring out a publication that delivers depth and breadth in its journalism, giving Indian business leaders actionable intelligence to propel their businesses globally. And, I am happy to share that Fortune India has become the essential read for Industry leaders and influencers.”

     

    Fortune India has also received global recognition for its design and layout – photo, graphics etc.  It received two merit awards from the Society of Publication Designers, New York, and besides that, a bronze award for infographics at the IFRA Annual Competition, earlier this year. Fortune India 500, Business Person of the Decade, the Green issue and Business of Luxury special are some of the issues that have stood apart in last one year.