Ravi Krishnan returns to IMG

By afaqs! news bureau , afaqs!, New Delhi | In Marketing | March 10, 2009
Krishnan had spent around a decade with IMG in his first stint, after which he moved to Rajasthan Royals

Ravi Krishnan has returned to IMG -- a diversified sports, entertainment and media company -- for his second innings. In his new role, he will take charge as managing director and senior vice-president of the South Asian operations.

Krishnan will, therefore, relinquish all his responsibilities as vice-chairman, Rajasthan Royals, who were the champions of IPL 2008.

Krishnan has been associated with IMG in India for around a decade and a half. A lawyer by training, he was part of a four-member team that set up IMG in India in 1995. During his tenure, he was instrumental in creating properties such as the Sahara Cup, The Chennai Open -- India's only ATP event, which has now completed 14 years, Lakmé India Fashion Week and Lakmé Fashion Week, amongst many other events across genres.

In April 2006, Krishnan took up an advisory role for Rajasthan Royals to help the franchise in structuring the business for commercial, operational and on-field success. However, he also continued as an advisor to IMG. Apart from Rajasthan Royals, Krishnan also promoted Abler Advisory Pvt Ltd, an investment advisory focused on private equity in real estate.

About his switch in roles, Krishnan says in a release to the media, "It is true that I have decided to take up this new role at IMG. These are interesting times for the Group and for India. In addition to managing existing IMG properties, we will look to developing innovative initiatives in the near future, both from our global bouquet, as well as home grown."

Andrew Wildblood, senior vice-president, IMG/IMG Media and senior corporate director, IMG India says, "We are extremely pleased that Ravi will be rejoining IMG. He has always had a natural affinity for our business and was a prime mover in establishing IMG in India. We look forward to the next stage of our association."

Furnishing details on Krishnan's role, Wildblood continues, "Ravi's principal remit, in addition to overseeing existing IMG properties, will be to execute and oversee our new business and business development plan, as we seek to grow our business in India and South Asia. IMG and our chairman, Teddy Forstmann believe that India is a country of enormous potential. It will be Ravi's responsibility to work with me and the IMG India team to deliver on that belief."

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