Wednesday, November 6

Tag: Matrimony.com

Indian Online Matrimony Firm Appoints Former Aircel Exec Sankara Narayanan
News

Indian Online Matrimony Firm Appoints Former Aircel Exec Sankara Narayanan

The popular India matchmaking and wedding services firm Matrimony.com has announced a new appointment where former Aircel top executive Sankara Narayanan will join the company as its Chief Operating Officer. He will be responsible to lead the matchmaking vertical of the company. Narayanan is a Stanford University graduate and has a commendable business experience from leading teams in diverse industries including telecom and finance sectors. He has also been heading National Operations at Aircel before his appointment as COO with Matrimony.com. Prior to this, he was Head of Finance & Commercial, of Ranbaxy Guangzhou China Ltd, and Head Finance & Commercial - West Africa for Ranbaxy Laboratories Limited. Murugavel Janakiraman, the CEO at Matrimony.com said, “We’re pleased t...
Matrimony.com To Go Public And Launch 500 Cr IPO In September
BUSINESS

Matrimony.com To Go Public And Launch 500 Cr IPO In September

Popular matchmaking site BharatMatrimony.com parent company, Matrimony.com Ltd, plans to go public in the first half of September, said three people aware of the matter. The company operates several portals, such as BharatMatrimony.com, CommunityMatrimony.com, and EliteMatrimony.com. (more…)
Online Match Making Platform Matrimony.com Files For Rs 350 Crore IPO
BUSINESS

Online Match Making Platform Matrimony.com Files For Rs 350 Crore IPO

Matrimony.Com, which runs online match making business under BharatMatrimony brand, today filed draft papers with markets regulator Sebi to raise an estimated Rs 350 crore through an IPO. The initial public offer (IPO) consists of a fresh issue aggregating up to Rs 130 crore and an offer for sale of up to 3,767,254 equity shares. Proceeds from the issue will be utilised for advertising and business promotion activities, purchase of land for construction of office premises in Chennai, repayment of overdraft facilities and general corporate purposes. According to sources, the company is expected to garner Rs 350 crore through the public offer. Axis Capital and ICICI Securities are the book running lead managers to the issue. Matrimony business currently comprises two segments ...