Balesh Sharma quits, Ravinder Takkar now Vodafone Idea CEO

Balesh Sharma will be taking up a new role with Vodafone Group, which will be announced in due course.

Published: 20th August 2019 09:29 AM  |   Last Updated: 20th August 2019 09:29 AM   |  A+A-

Vodafone Idea

Vodafone-Idea (File Photo)

By Express News Service

NEW DELHI: Amidst mounting losses and an eroding subscriber base Vodafone Idea’s chief executive officer (CEO) Balesh Sharma has quit his post, with the company stating on Monday that another Vodafone Group executive -- Ravinder Takkar -- will replace him at the helm with immediate effect.
“The Board… has accepted Balesh Sharma’s request for personal reasons to step down as CEO of Vodafone Idea. Balesh will be taking up a new role with Vodafone Group, which will be announced in due course,” the company said.

Sharma was Vodafone’s representative in the joint venture between British telecom giant Vodafone and Aditya Birla Group’s Idea, formed last year by a merger between Vodafone’s India business and Idea Cellular.

Kumar Mangalam Birla, the Chairman of Aditya Birla Group and Vodafone Idea, said that under “Balesh’s stewardship, Vodafone Idea has realised a significant proportion of the synergies in a much shorter timescale than originally estimated”.

Birla also added that Sharma’s successor Takkar was well versed with the Vodafone Idea business context and that he would successfully steer the company through the next phase of development.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp