Galaxy Entertainment Corporation Ltd, one of the group companies of the Future Group, has appointed Shashi Kalathil as CEO to spearhead the company’s foray into leisure, entertainment, sport, and wellness & fitness segments. Kalathil, who moves from NEO Sports where he was CEP, will join Galaxy Entertainment from March 1, 2008.
Commenting on his decision to move on from Neo Sports, Kalathil said, “At the time when I had joined Neo Sports over two years’ back, the objective was really to set up India’s first large sports broadcasting company, which I think is now done. This is an appropriate time for me to move on and join the Future Group, whose understanding of the Indian market and consumers are well poised to leverage the hugely exciting and challenging shifts that India is experiencing.”
Commenting on Kalathil’s appointment, Kishore Biyani, CEO, Future Group, said, “As the Indian economy rapidly matures the disposable part of the spend pie shall gallop ahead of other matrices, such as say GDP growth. We are creating a strong sectoral play to aggressively participate in this transition from a savings-led to a consumption-led economy. We are fortunate to have a seasoned professional such as Shashi Kalathil joining us with his 25 years of experience across FMCG, telecom, beverages and media in some of the largest Indian and multinational companies operating in India.”
Future Group has a JV with cricketer Sachin Tendulkar to roll out a range of health, fitness and lifestyle products. The Group also has a JV with fitness chain Talwarkar’s. Galaxy Entertainment operates franchisees for The Bowling Company, Sports Bar, Sports Bar Express and F 123.