Amazon India's Top Brass Said To Be Shuffled Around In Major Rejig
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Amazon is reportedly set for a top-level restructuring of its India management team, led by Vice President and Country Head Manish Tiwary. The changes coincide with the relocation of Noor Patel, a senior executive overseeing category management at Amazon India, to the US.

What Happened: Tiwary communicated the organizational shifts to various brands on Amazon India’s marketplace, the Economic Times reported, citing sources. As per the communication, Nishant Sardana will handle the PC, audio, camera and large appliances business, while Ranjit Babu will lead the wireless and home entertainment businesses, assuming part of Patel’s responsibilities.

The ongoing reshuffle may also introduce a new dual leadership structure with Tiwary and Amit Agarwal, senior vice president for India and emerging markets at Amazon. This potential change marks the first significant adjustment in the company’s India operations in its decade-long existence.

See Also: Why JSW Group Shares Are In Focus Today

Agarwal, currently based in the US, remains actively involved in India operations, sources told the daily. The relocation of Patel to the US has surprised many, considering his key role alongside Amit Nanda in heading the seller services.

Why It Matters: The anticipated changes reportedly aim to allocate more roles under Tiwary, with a potential dual leadership structure. This strategic shift comes at a time when Amazon, under CEO Andy Jassy, is intensifying its focus on Amazon Web Services (AWS) globally.

Amazon is reportedly navigating discussions for Appario Retail, its largest seller, to continue selling on the marketplace. The company had initially planned to close both Appario and Cloudtail, focusing on smaller sellers, but challenges with new seller entities have prompted a reevaluation of this strategy.

Despite global job cuts earlier in the year and the closure of smaller businesses, Amazon emphasises that India remains a crucial market, and the company continues to invest locally. Amazon Seller Services reported a 3.4% increase in revenue for the year ending March 2023, with losses widening 33%.

Read Next: What’s Going On With Bajaj Auto Shares Today?

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
NewsRumorsManagementAmazon India