Sunil Rajshekhar, who was heading Private Treaties, the investment division of Bennett, Coleman & Co. Ltd (BCCL), will move to Bangalore as Director-South, BCCL, in the first part of April, according to sources close the development. CVL Srininvas was recently brought in as Director, Private Treaties, to replace Rajshekhar.
In a span of three years, Times Private Treaties has seen significant investments in a host of companies across various industries. According to sources, this division had tied up equity investments in excess of Rs 2,500 crore.
Holding the top position in the South, it is learnt that Rajshekhar’s role would include corporate strategy and business development. He will be responsible for accelerating growth in the South market – through innovation, launch of new brands, and building alliances. The Times Group has major growth plans in the South, starting with the launch of TOI in Chennai in the near future.
Rajshekhar began his career with The Times Group in the 80s. He was responsible for the launch of the Bangalore editions of The Times of India and The Economic Times. The Brand Equity Quiz was conceived by him. He was amongst some of the early professionals who moved into a career in the Internet space way back in 1995. He initiated the Times of India Group's Internet foray and set up their Internet division. He was amongst the early pioneers within the Times Group responsible for the launch of
indiatimes.com, one of India’s first portals.
During the dotcom boom in 1999, he left The Times Group to join an Internet start-up,
Indiainfo.com, that failed to take off. He later moved on to head the interactive division of Star TV in India. He was responsible for managing Star TV’s investments in various Internet portals and verticals. He was back with The Times Group in 2004 as Director-Response, heading its Northern division. Later, he was entrusted with heading and setting up Private Treaties.
CVL Srinivas joins BCCL’s Private Treaties as Director