As part of Network18 strategy to strengthen its leadership and businesses, Network18 has appointed Sanjeev Agrawal as CEO - Homeshop 18, effective May 4, 2015. He will be based in the Noida office.
Agrawal comes with over 26 years of experience across FMCG, fashion & retail sector. He is an alumnus of the Institute of Technology, BHU (1982-86) and Indian Institute of Management, Lucknow (1987-89). He has held senior leadership positions at Future Value retail and Pantaloon Retail besides his FMCG stints at Balsara, Revlon, P&G, Godrej and HLL. In his last assignment, Agrawal was the Managing Director at Skechers South Asia Private Limited.
Agrawal, on his appointment said, “Homeshop18 is a pioneer in its field and has a unique business model. Full credit to Sundeep and the team to have built this business! Both the consumer and the industry are evolving at a rapid pace. I see Homeshop18 at the forefront in driving this change and maximising the opportunity. I am excited to be a part of this journey.”
Sundeep Malhotra, Founder & CEO Homeshop18, will mentor Agrawal over the next several months while Malhotra transitions to another entrepreneurial opportunity within or outside RIL retail.
AP Parigi, Group CEO, Network18 said, “On behalf of the Board of the Homeshop18 and our valued partners SAIF, GS Home Shopping and OCP Asia, I wish to place on record the outstanding contributions made by Sundeep in establishing Homeshop18 as one of the India’s premium brands. I am delighted to welcome Sanjeev Agrawal to the Network18 Group. I wish him every success in his new role.”
Malhotra, Founder & CEO Homeshop18, said, “It’s been an amazing nine year-journey and I feel privileged and blessed to have got this opportunity to not just build an outstanding business but to have worked alongside some of the finest colleagues, talent , investors and associates, without whose help this journey would not have been possible. Homeshop18 is today the undisputed market leader in the TV shopping genre and I wish Sanjeev and the entire team all the very best for the future.”