Haresh Chawla, Former Network 18, CEO, will join India Value Fund Advisors (IVFA) as a Partner from June 1, 2012. He will be responsible for building and scaling up businesses owned by IVFA across sectors including the company's media & entertainment investments in the country.
Talking about the appointment Vishal Nevatia, Managing Partner, IVFA said, “Haresh brings with him unique experience, having built several world-class brands in the media and entertainment space. He blends professional management with entrepreneurial drive and the combination will be invaluable in helping IVFA scale up and further build our portfolio of businesses”.
With an experience over 20 years, Chawla has worked with HCL Group, ABCL and Times of India Group. Under his leadership, Network18 grew from a single business news channel (CNBC-TV18) and solitary portal (Moneycontrol.com), with revenues of Rs 15 crore in 1999, to a truly diversified media group with revenues in excess of Rs 2500 crore in 2011. He was also instrumental in scaling up Viacom18 from Rs 150 crore business to Rs 1200 crore conglomerate, with each of its brand amongst the top two in its respective domains, including the very successful launch of COLORS.
Commenting on his new assignment, Chawla said, "India Value Fund Advisors is a uniquely positioned firm that not only infuses capital but also the mindset and strategic management thinking, that is required to scale up mid-sized businesses into large professionally-run enterprises. This operating model was particularly appealing to me as a chance to leverage my experience in building up businesses and helping management teams perform to their true potential."
IVFA was established in 1999 with $1.3 billion under management across four funds in India. IVFA is focused on identifying and investing in mid-sized businesses, and then helping them transform into large admired businesses over five to seven years. Its current investments include Radio City, Meru Cabs, RDC Concrete, InLogistics, Mahindra Hinoday, Atria Convergence Technologies (ACT), DM Healthcare and RoboSilicon, amongst others. In the past, IVFA had also invested in Shringar Films, Biocon, DQ Entertainment, TTK Healthcare, Epicenter and HDFC Bank.
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