Former Group CEO of Network18 Haresh Chawla has joined private equity firm India Value Fund Advisors as partner in India with effect from 1 June 2012.
He will be responsible for building and scaling up businesses across sectors, as well as leading Media & Entertainment investments. Established in 1999, the PE firm identifies and invests in mid-sized businesses, and then helps them transform into large businesses over five to seven years.
After a ten-year stint at Network 18, Chawla's expertise lies in building viable and profitable business models around brands . Under his leadership, Network18 grew from a single business news channel (CNBC-TV18) and solitary portal (Moneycontrol.com), with revenues of Rs 15 crore in 1999, to a diversified media group with revenues in excess of Rs 2,500 crore in 2011.
He was also instrumental in scaling up Viacom18 from a Rs 150-crore business to a Rs 1,200-crore conglomerate, with each of its brands amongst the top 2 in their respective domains, including the very successful launch of Colors.
Chawla is an IIT-Mumbai and IIM-Calcutta alumnus and his previous assignments have all been with start-ups including the HCL Group, where he headed business development for HCL Comnet; ABCL, where he set up the film distribution business; and The Times of India Group where he launched their music label, Times Music.