Internet Ltd has spun off its classifieds unit, Times Business Solutions, as a separate company. R Sundar has been appointed chief executive officer of the spun off company, Times Business Solutions Ltd (TBSL), and Rajeev Gaur has been appointed chief operating officer.
Gaur has been associated with the Times Group for more than two decades and was responsible for the launch of various Times Group initiatives online.
According to the company's statement, TBSL will be a "life interactive" arm of the Times Group, assisting people in choosing their jobs, real estate and life partners. More initiatives are expected to be announced soon.
TBSL runs various Internet properties: TimesJobs.com, an online job portal; MagicBricks.com, a real estate portal; SimplyMarry.com, a matrimonial site; and Ads2Book.com, a classifieds booking site.