Times Innovative Media Ltd (TIML), which operates Times Group’s out-of-home advertising division Times OOH, has appointed Sunder Hemrajani as MD and additional director of the company. TIML is the wholly owned subsidiary of Entertainment Network (India) Ltd (ENIL). Hemrajani will assume the new post from November 12.
It has been understood that there will be no change in Farid Kureshi’s role, who is currently COO of Times OOH. Henceforth, Kureshi will be reporting to Hemrajani. A new MD was brought in, as AP Parigi, MD, ENIL, cannot hold the position of MD in two companies at the same time.
Recently, the Board of Directors of TIML had approved the transfer of the event management business that operates under the brand name 360 Degrees, to a new company, Alternate Brand Solutions Ltd (ABS), which is being set up as a wholly owned subsidiary of ENIL. The Board of Directors of TIML has approved capital raising of up to Rs 5 billion for funding its new marketing activities.
Prior to this, Hemrajani was President of Distribution at Reliance Capital. He has earlier worked with various companies including Whirlpool, HUL and Pepsi.