RattanIndia Enterprises appoints Mr. Chandramouli Venkataraman as CEO of Cocoblu Retail

RattanIndia Enterprises Ltd. has announced the appointment of Mr. Chandramouli Venkataraman as Chief Executive Officer of Cocoblu Retail Ltd. Cocoblu is 100% wholly owned subsidiary of RattanIndia Enterprises Ltd. and engaged in business of online retail on E-commerce platforms in India.

Mr. Chandramouli Venkataraman is a proven leader in e-retail in India. Prior to joining Cocoblu Retail, Mr. Venkataraman helmed the position of Category Leader, Cloudtail India. An alumnus of prestigious IIT Madras and IIM Lucknow, Mr. Venkataraman has over two decades of experience in retail sector with expertise in leading and scaling up businesses across diverse categories such as consumer electronics, fashion, lifestyle and paints at the pan-India and pan-Asia levels.

Mr. Venkataraman has an impeccable record in retail industry having held various leadership positions including as COO of Sara Futura Retail where he established their lifestyle retail business unit with a bouquet of lifestyle brands such as Ruosh&Florsheim. He was previously the Brand Director of Arrow at Arvind Lifestyle Brands Limited where he led the business for Arrow for the India, South Asia, Middle East and Africa. Mr. Venkataraman has worked in various capacities in leadership positions in Nokia in India and Singapore. Mr. Venkataraman also had a successful stint in key role in Asian Paints.

Anjali Rattan, Business Chairperson of RattanIndia Enterprises said "We are glad to have an exceptional retail leader, Mr. Venkataraman join us as CEO of Cocoblu Retail. He is a proven leader in online retail in India. Online retailing is transforming the way India purchases and consumes. I am sure under his leadership, Cocoblu will emerge as one the largest online sellers in the country."

Commenting on his appointment, Mr. Chandramouli Venkataraman said, "I am happy and excited to lead the online retail business for RattanIndia Enterprises. Online retail is a high growth area of the economy and will positively impact lives of a not just billion plus Indian consumers but also transform the Indian MSME sector and help them scale up their brands and reach their true potential through digital channels. I am sure Cocoblu will be at the forefront of this transformation."

Shares of RattanIndia Enterprises Limited was last trading in BSE at Rs. 54.30 as compared to the previous close of Rs. 53.40. The total number of shares traded during the day was 395847 in over 2190 trades.

The stock hit an intraday high of Rs. 55.25 and intraday low of 53.40. The net turnover during the day was Rs. 21573182.00.

Source : Equity Bulls

Keywords

RattanIndiaEnterprises INE834M01019 RTNINDIA CocobluRetail Appointment CEO ChandramouliVenkataraman