Latest news with #VodafoneIdeaLimited
Mint
10 hours ago
- Business
- Mint
Vodafone Idea names new CEO: Who is Abhijit Kishore?
Telecom major Vodafone Idea has named current chief operating officer Abhijit Kishore as its next Chief Executive Officer. He will replace CEO Akshaya Moondra when his term ends this month, the company said in an exchange filing on August 14. Moondra was appointed to the role for a duration of three years on August 19, 2022, replacing then CEO Ravinder Takkar. His term ends on August 18, 2025. The filing noted that the decision was made during the company's board meeting on August 14. The filing added that Kishore was recommended for the role by the company's nomination and remuneration committee. 'The appointment is necessitated due to Akshaya Moondra ceasing to be the CEO upon completion of his term of three years, which is ending on close of business hours on 18th August, 2025,' the statement read. He has also been appointed for a period of three years, starting from August 19, 2025. Notably, Kishore's time at the helm comes as the telecom giant battles debt troubles amid the humongous adjusted gross revenue (AGR) bills. Abhijit Kishore is currently the COO of Vi and has been associated with the company since March 2015. In that time, he has held multiple senior leadership roles within the organisation, both at circle operations and corporate levels, the exchange filing added. Prior to taking on the role of COO, he headed the Enterprise Business of Vodafone Idea Limited (VIL) as the Chief Enterprise Business Officer; and in the past, he has served as the Circle Business Head for Gujarat and Kerala circles where he successfully launched the first 4G in India. The company added that Kishore holds over 27 years of experience in the Indian telecom industry across functions and geographies. He is an alumnus of Delhi University and FORE School of Management, Delhi, and has also completed the Senior Leadership Programs from IIM Ahmedabad and London Business School.
Indian Express
2 days ago
- Indian Express
Bengaluru police bust racket converting international calls to local calls in IT corridor
The Central Crime Branch (CCB) of the Bengaluru police said on Tuesday that it unearthed a racket where international calls were illegally routed as local calls, allegedly to enable cybercrimes. The investigation started after a representative of Vodafone Idea Limited filed a police complaint stating that the Department of Telecommunications (DoT) had alerted the telecom operator about an illegal SIM box operation suspected of cybercriminal activities. The police said they recovered six SIM boxes, 133 SIM cards, 12 data storage servers, one networking router/switch, and other related equipment, with the total value estimated at approximately Rs 10 lakh. Preliminary investigations suggest that the seized SIM cards were actively used in various cybercrimes, they added. A SIM box is a specialised device containing multiple SIM cards designed to route international calls back into domestic networks, disguising them as local calls. This practice not only compromises national security but also causes significant financial losses to both government revenues and legitimate telecom operators. According to a police officer, the DoT's investigation traced the suspicious activity to the International Tech Park in Bengaluru's Whitefield area. The central department's analysis revealed that 107 mobile numbers issued by Vodafone Idea Limited were suspected of being used in these illegal SIM box operations. The CCB's internal verification discovered that all 107 SIM cards had been issued to Gleam Global Services India Private Limited, a company that allegedly served as a front for an elaborate fraud. Seemant Kumar Singh, Commissioner of Police, Bengaluru, urged data centre owners to conduct thorough background verification before renting facilities. 'In this case, the owners had no clue about the misuse,' he said. An engineer previously arrested in Bengaluru for allegedly defrauding cybercrime victims by offering fictitious legal assistance online has confessed to his role in installing the SIM box infrastructure at Iron Mountain Data Centre in Whitefield, according to the police. The arrested engineer, Chota Ahammed Mubaraq, also known as Tufail, has revealed that two conspirators, currently abroad, were directing his activities remotely, the police added. A CCB officer said the police would take steps to issue lookout circulars for Tufail's overseas accomplices. Tufail, a BE graduate, is originally from Tamil Nadu but was residing in Kothanur, Bengaluru, the police said.
Business Upturn
07-08-2025
- Business
- Business Upturn
Vi Business to Power India's Energy Future with Rollout of 12 Million Smart Meters
Vi Business will deploy 12 million smart meters across India in three years, aiming to cut energy losses and boost efficiency. 'We are pioneers in the smart meter energy ecosystem…,' said Arvind Nevatia, Chief Enterprise Business Officer, Vi. By Riddhima Jain Published on August 7, 2025, 15:12 IST Vi Business, the enterprise arm of Vodafone Idea Limited, has announced its plan to enable 12 million smart meters across India within the next three years, marking a significant milestone in the country's transition toward intelligent and sustainable energy systems. This large-scale initiative is aligned with the India Smart Grid Mission and positions Vi Business as a key player in transforming India's energy landscape. The deployment of smart meters is expected to improve operational efficiency for distribution companies (DISCOMs) by helping reduce Aggregate Technical & Commercial (AT&C) losses, while empowering consumers with real-time data to monitor and manage their energy usage. At the core of this transformation is the Vi Business IoT Smart Central platform, which provides end-to-end visibility and control across millions of smart meters. Vi Business draws from over five years of experience in Advanced Metering Infrastructure (AMI), delivering scalable, resilient, and secure solutions that cater to India's evolving energy needs. The company has also built structured pre- and post-onboarding methodologies to ensure seamless smart meter integration. It employs telco-grade data protection protocols and operates a dedicated IoT Lab for pre-deployment testing and certification—enhancing the reliability and speed of nationwide rollouts. Arvind Nevatia, Chief Enterprise Business Officer, Vi, said: 'We are pioneers in the smart meter energy ecosystem, first to deploy smart meters in 2018 and first to launch innovations like the IoT lab. We continue this commitment with an aim to deploy 12 million smart meters to reduce energy losses, improve efficiency and enhance consumer experience across India' This development underscores Vi Business's commitment to supporting India's digital and sustainable infrastructure goals, while reinforcing its leadership in delivering cutting-edge IoT and telecom solutions to power critical national utilities. Ahmedabad Plane Crash
United News of India
07-08-2025
- Business
- United News of India
Vi Business set to deploy 12 million smart meters across India
New Delhi, Aug 7 (UNI) Vi Business, the enterprise arm of Vodafone Idea Limited, announced the plan to set up 12 million smart meters within the next three years. The decision is intended to accelerate the speed of development in India's energy sector. The step is taken up in the line of the 'National Smart Grid Mission' with a motive to develop a digitally empowered energy ecosystem through advanced and prepaid electricity meters. The 'National Smart Grid Mission' aims to plan and monitor the implementation of programs and policies related to the Smart Grid Activities in India. Arvind Nevatia, Chief Enterprise Business Officer, Vi, said, 'We are pioneers in the smart meter energy ecosystem, first to deploy smart meters in 2018 and first to launch innovations like the IoT lab. We continue this commitment to deploy 12 million smart meters to reduce energy losses, improve efficiency, and enhance consumer experience across India.' This initiative is centred on the 'Vi Business IoT Smart Central Platform', which offers comprehensive visibility and control across millions of connected meters. Vi Business also emphasises comprehensive data protection for utilities and consumers. The decision to deploy smart meters will also require Distribution Companies (DISCOMs) to reduce the Aggregate Technical & Commercial (AT&C) losses and provide clear insights about energy consumption to customers. UNI SAS ARN
Business Upturn
16-05-2025
- Business
- Business Upturn
Vodafone Idea acquires 26% stake in Sangli Wind Energy
Vodafone Idea Limited has recently informed exchanges that the company acquired a 26% equity stake in Sangli Wind Energy Private Limited (SWEPL) for a total consideration of ₹31.2 lakh. This investment, made through a cash transaction, marks a strategic step by Vodafone Idea to meet regulatory requirements for captive power consumption under Indian electricity laws. SWEPL, incorporated on August 28, 2024, is a special purpose vehicle set up to develop, own, and operate a wind-based Captive Power Plant located in Sangli, Maharashtra. The company currently has no turnover and holds a paid-up share capital of ₹88.8 lakh, divided into 8.88 lakh equity shares of ₹10 each. The acquisition involved the purchase of 3.12 lakh equity shares, giving Vodafone Idea a 26% ownership in SWEPL. This move aligns with Vodafone Idea's broader strategy of procuring cost-effective renewable energy and supporting sustainability goals. The acquisition does not constitute a related party transaction and does not require any regulatory approvals. With this stake, SWEPL is now classified as an associate company of Vodafone Idea Limited. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
