Television Eighteen Group has appointed Surya Mantha as CEO of their Internet business arm, Web 18. Prior to joining Web18, Surya was heading the Interactive Service business for Sify India based in Chennai.
In a second round of acquisitions, TV18 group recently acquired three Internet companies - cricketnext.com, Compareindia.com and Urban Eye, a web design and technology firm. The acquisitions will help the group consolidate its focus on the Internet business further.
Web18 had bought stakes in Yatra.com and Jobstreet.com a few months ago. Web18's existing three portals – moneycontrol.com, ibnlive.com and commoditiescontrol.com are market leaders in their respective spaces.
Before joining Sify, Surya spent several years at RealNetworks in Seattle, USA, in marketing and management roles including GM of Broadband Solutions and Head of Evangelism. He brings with him 15 years of experience spanning business management, consulting, product and service development, product management and marketing across a range of business and consumer software, hardware and services companies.
Commenting on Surya's appointment, Haresh Chawla, CEO, TV18 Group, said, “Surya brings with him a unique combination of skills and experience spanning both technology and consumer understanding, particularly in the Internet space. This will go a long way in establishing Web18's dominance in the consumer Internet space in India. We are also confident that his experience in a global environment will help scale up Web18 into the global league."