Noida based Sanjay Agrawal got appointed as the new CEO of Homeshop18 by Network18 on May 4, 2015. This action was taken in order to strengthen its leadership and business. While the founder and CEO of Homeshop18, Sundeep Malhotra transitions to another entrepreneurial opportunity within or outside RIL retail, he will mentor Agrawal over the next several months.
Sanjay Agrawal holds an experience of 26 years in FMCG, fashion and retail sector. Earlier, he held a very important position as senior leader at Future Value retail and Pantaloon Retail besides his FMCG stints at Balsara, Revlon, P&G, Godrej and HLL. Sanjay was the managing director at Skechers South Asia in his last assignment.
The CEO of Network8 group, AP Parigi announced the good news by saying, “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.”
Sundeep Malhotra feels blessed to have got this opportunity to not just built an outstanding business but also to have worked alongside some of the finest colleagues, talent, investors and associates for nine years. He also wished Sanjeev and the entire team of Homeshop18 all the very best luck.
The new CEO of Homeshop18, Sanjay Agrawal is extremely excited to be a part of this journey. He said, “Homeshop18 is a pioneer in its field and has a unique business model. Full credit to Sundeep and team to have built this business. Both the consumer and the industry are evolving at a rapid pace. I see Homeshop18 at the forefront of driving this change and maximising the opportunity. I am excited to be a part of this journey.”