Tag: mastercard

  • All Sponsors of Indian Premier League 2024 (IPL 2024)

    The Indian Premier League (IPL) is a highly popular and competitive professional Twenty20 (T20) cricket league founded in 2008. The league follows a round-robin group and knockout format, which means that each team plays against the others in a predetermined number of matches, and the top-performing teams advance to the playoffs. The league comprises eight teams, each representing a major Indian city. It is widely considered one of the world’s biggest and most lucrative cricket leagues. The IPL has gained a massive following across India and beyond, with millions of cricket fans tuning in to watch the thrilling matches and rooting for their favorite teams.

    TATA
    My11Circle
    Angel One
    RuPay
    Star Sports
    JioCinema
    CEAT
    Paytm
    Dream11
    Saudi Tourism Authority
    Aramco
    Mastercard
    DP World

    TATA

    IPL 2024 Sponsors - Tata
    IPL 2024 Sponsors – Tata

    The Tata Group, a well-known and prominent Indian conglomerate, boasts a vast range of products and services in more than 150 countries across six continents. With operations in over a hundred countries, the Tata Group has established itself as a global player in various industries. 

    In January of 2024, the Board of Control for Cricket in India (BCCI) announced that the Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) for the next five years, from 2024 to 2028. This renewal of the partnership is a testament to the strong relationship between the two entities and the immense value of the IPL in the global sporting landscape.

    The Tata Group’s commitment to the IPL is reflected in the record-breaking sponsorship amount of INR 2500 crore, which highlights the significance of the tournament and its impact on cricketing entertainment. The collaboration between the Tata Group and the IPL underscores a shared dedication to excellence, innovation, and providing fans with an unmatched cricketing experience.


    Factors That Transform an IPL Team into a High-End Brand
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    My11Circle

    IPL 2024 Sponsors - My11Circle
    IPL 2024 Sponsors – My11Circle

    My11Circle is an online fantasy game created for cricket fans who love to showcase their knowledge and analytical skills. It is owned and operated by Play Games24x7 Pvt. Ltd. This company has many years of experience in the online games industry. Additionally, My11Circle is the proud sponsor of the Lucknow IPL team in a three-year deal that began in 2022.

    In this game, you get to don the hat of a selector and create a play of your choice. As a manager of your team, you get to put your trust in the players on the field to keep the scorers busy and the spectators on the edge of their seats. This game is an opportunity to test your skills and create your fortune. My11Circle is managed by a professional team of experts with years of industry experience, ensuring players have the best gaming experience

    Angel One

    IPL 2024 Sponsors - Angel One
    IPL 2024 Sponsors – Angel One

    Angel One is a prestigious full-service broking firm in India that has amassed a clientele exceeding 20 million. The company is well-regarded for its innovative and comprehensive suite of services that cater to the needs of investors and traders alike. These services include online trading, investing, advisory services, margin trading facilities, algorithmic trading, and intelligent order execution.

    The Super App is the centerpiece of Angel One’s offerings. It is a robust platform with advanced features like basket orders, GTT orders, SmartAPI, and sophisticated charting tools. These cutting-edge resources empower users to navigate the capital markets with expertise and precision, making informed investment decisions easier.

    Angel One’s commitment to innovation and excellence has earned it several accolades and partnerships, including a five-year collaboration with the Indian Premier League (IPL) from 2024 to 2028. The company’s association with the IPL is a testament to its reputation as a trusted and reliable financial partner for investors and traders in India.


    Top 10 Discount Brokers in India in 2024
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    RuPay

    IPL 2024 Sponsors - RuPay
    IPL 2024 Sponsors – RuPay

    RuPay is a payment network product of the National Payments Corporation of India (NPCI). This umbrella organization facilitates and powers retail payments nationwide. The Payment and Settlement Systems Act, 2007 provides the legal framework that empowers the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA) to create a secure electronic payment and settlement system in India, which includes the RuPay payment network.

    RuPay is a unique and first-of-its-kind global card payment network created and designed in India. It is widely accepted at various points, such as ATMs, POS devices, and e-commerce websites nationwide. RuPay is known for its high level of security and protection against anti-phishing. This fraudulent practice aims to steal sensitive user information such as passwords, usernames, and credit card details.

    Star Sports

    IPL 2024 Sponsors - Star Sports
    IPL 2024 Sponsors – Star Sports

    Star Sports is a well-known group of South Asian pay television sports channels that Disney Star, a subsidiary of Disney India, operates. The network is highly regarded for its extensive cricket coverage in India. It holds the pay television rights to broadcast domestic national team matches, the Indian Premier League, and International Cricket Council (ICC) tournaments. In addition to its television coverage, many Star Sports properties are available for streaming in India through Disney+ Hotstar, a sister streaming service. Star Sports has established itself as the region’s leading broadcaster of sporting events, offering fans sports-related content and live matches across multiple platforms.


    Hotstar-IPL Business Model | How Hotstar Earned from IPL?
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    JioCinema

    IPL 2024 Sponsors - JioCinema
    IPL 2024 Sponsors – JioCinema

    JioCinema is a popular Indian over-the-top media streaming service that allows users to access a vast collection of video-on-demand and live-streaming content. The service is owned by Viacom18, a joint venture of Reliance Industries and Paramount Global, and was initially launched on 4 May 2016, coinciding with the public launch of the Jio mobile carrier.

    In April 2022, the service was brought under Reliance’s Viacom18 joint venture, further strengthening its position in the Indian streaming market. JioCinema has become the go-to platform for Indian entertainment, offering users the convenience of free advertising- and subscription-based VOD and live-streaming content.

    One of the significant highlights of JioCinema is its association with the Indian Premier League (IPL), the official streaming platform. The IPL is one of the most-watched cricket leagues globally, attracting millions of viewers every season. JioCinema has successfully onboarded 18 sponsors and over 250 advertisers for the upcoming season, showcasing the service’s growing popularity.

    Moreover, the platform has an impressive roster of digital streaming sponsors for this year’s season, including Dream11 as a co-presenting sponsor, which is expected to enhance the overall user experience. With its extensive collection of content and top-notch streaming quality, JioCinema has become a preferred streaming choice for millions of users in India.

    CEAT

    IPL 2024 Sponsors - CEAT
    IPL 2024 Sponsors – CEAT

    CEAT Limited is a renowned multinational company specializing in manufacturing high-quality tires. The well-known RPG Group owns the company, which was founded in 1958. Over the years, CEAT has established a formidable presence in global markets and has become a trusted name among customers worldwide. CEAT’s impressive production capacity of over 165 million tires per year is a testament to its commitment to quality and innovation. The company caters to various vehicles, including passenger cars, two-wheelers, trucks, buses, light commercial vehicles, earth-movers, forklifts, tractors, trailers, and auto-rickshaws. 

    In recognition of its exceptional services, the Board of Control for Cricket in India has selected CEAT as an official partner to sponsor specific segments of the IPL matches. The aggregate spend of about Rs 240 crore over five years is a testament to CEAT’s reputation as a reliable and trustworthy brand committed to excellence and customer satisfaction.


    IPL’s Evolution: From Cricket Event to Interactive Entertainment
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    PayTM

    IPL 2024 Sponsors - Paytm
    IPL 2024 Sponsors – Paytm

    Paytm is India’s leading digital payment platform that provides users with a secure, efficient, and seamless experience. It allows users to make payments, transfers, and recharge their mobile phones and data cards, among other online transactions. The platform is designed with a user-friendly interface, making it easy for anyone to navigate through the app and complete transactions in seconds.

    One of the most remarkable features of Paytm is its flawless integration with BHIM UPI, which ensures hassle-free transactions for its users across the country. Users can stay informed and in control of their financial activities with instant notifications and real-time updates on all their transactions. This reinforces transparency and confidence in their economic activities.

    Paytm’s versatility extends beyond payments and money transfers. It is also a one-stop solution for bill payments, mobile recharges, DTH, data card top-ups, and Metro Card recharges. This makes it accessible anytime, anywhere and eliminates the need to visit different platforms for various payment needs.

    Paytm and Paytm Insider have recently partnered with six IPL franchises, making them the official ticketing partner. This partnership is a significant milestone for Paytm and Paytm Insider, as it is a testament to the platform’s reliability and efficiency in handling online transactions.

    Dream11

    IPL 2024 Sponsors - Dream11
    IPL 2024 Sponsors – Dream11

    Dream11 is a popular online platform that allows users to create imaginary teams that are comprised of real-life players and participate in fantasy sports games. The platform offers its users a chance to earn cash rewards based on the match performance of the players they select on their teams. Dream11 provides various games in categories such as cricket, football, kabaddi, and National Basketball Association, providing users with multiple options.

    In April 2019, Dream11 achieved a significant milestone by becoming the first Indian fantasy sports company to become a unicorn. This achievement was a testament to the platform’s popularity and success in the Indian market.

    Moreover, Gujarat Titans announced Dream11 as their principal sponsor for the upcoming IPL 2024 season. The team’s jersey will bear Dream11’s logo on the front, showcasing the platform’s association with the sport and the team. With this partnership, Dream11 continues to strengthen its position in the Indian sports market and cater to its growing user base.


    Dream11 Company | Founders | Business Model | Success Story
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    Saudi Tourism Authority

    IPL 2024 Sponsors - Saudi Tourism Authority
    IPL 2024 Sponsors – Saudi Tourism Authority

    The Board of Control for Cricket in India (BCCI) said that the Saudi Tourism Authority (STA) will be sponsoring the Indian Premier League (IPL), marking the first time that a government body of a foreign country will be sponsoring the high-profile T20 league. STA aims to position Saudi Arabia as a premier destination for Indian travelers by creating a sense of affinity and bolstering awareness. The partnership with the IPL is a significant development for STA as it expands its already impressive portfolio of global strategic relationships. 

    The IPL is one of the most prominent events on the international sporting calendar, drawing millions of viewers and fans worldwide. With the sponsorship deal, STA hopes to capture the attention of the younger demographic and establish itself as a significant player in the tourism industry. By using the IPL as a platform, the Saudi Tourism Authority will showcase the beauty and cultural richness of Saudi Arabia to millions of cricket fans worldwide, thereby increasing the country’s visibility as a premier tourist destination. 

    Overall, the partnership between STA and the IPL significantly enhances the relationship between India and Saudi Arabia. It will strengthen the ties between the two countries and create new opportunities for businesses and entrepreneurs to explore and expand their reach.


    IPL 2023: Complete List of the Sponsors
    Indian Premier League is one of the most popular T20 cricket leagues in the world captivating millions of viewers. This article covers all the companies sponsoring IPL.


    Aramco

    IPL 2024 Sponsors - Aramco
    IPL 2024 Sponsors – Aramco

    Saudi Aramco, officially known as the Saudi Arabian Oil Group or simply Aramco, is a state-owned company that distributes petroleum and natural gas. It is considered the national oil company of Saudi Arabia and is headquartered in Dhahran. As of 2022, Aramco is the second-largest company in the world by revenue, a testament to its significance in the global energy industry. 

    Recently, Aramco entered into a partnership with the Indian Premier League (IPL) to become the exclusive sponsor of two of the most prestigious individual awards in the sport of cricket: The Orange Cap, awarded to the highest run-scorer in the tournament, and the Purple Cap, given to the bowler who takes the most wickets. This move is just one of the many sports sponsorships that Aramco has undertaken in recent years, all to raise awareness about the brand while supporting excellence in the world of sports. With this partnership, Aramco has cemented its position in the cricket world. This sport is trendy in many parts of the world, including India, where the IPL is held.

    Mastercard

    IPL 2024 Sponsors - Mastercard
    IPL 2024 Sponsors – Mastercard

    Mastercard Inc. is a leading global payment technology corporation operating in over 210 countries and territories. With its headquarters located in Purchase, New York, Mastercard offers a broad range of payment transaction processing and related services, including credit, debit, and prepaid cards, as well as digital payment solutions. 

    Mastercard replaced Paytm as the official title sponsor for all international and domestic cricket matches organized by the Board of Control for Cricket in India (BCCI). This move is part of Mastercard’s efforts to expand its presence in the Indian market and capitalize on the corporate cricket fanbase. The company’s sponsorship deal with the BCCI is expected to provide a significant platform to showcase its brand and services to a vast audience of cricket enthusiasts across India and beyond.


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    DP World

    IPL 2024 Sponsors - DP World
    IPL 2024 Sponsors – DP World

    DP World, headquartered in Dubai, United Arab Emirates, is a prominent multinational logistics company that offers a wide range of services, including cargo logistics, port terminal operations, maritime services, and free trade zones. The company was established in 2005 due to the merger between Dubai Ports Authority and Dubai Ports International. With its strong global presence and a robust network of facilities and infrastructure, DP World has become a leading player in the logistics industry. 

    Recently, the Indian Premier League (IPL) team, Delhi Capitals (DC), has signed a new multi-year sponsorship agreement with DP World. The Emirati multinational logistics company will now sponsor the Delhi-based IPL team, providing it with the necessary support to enhance its performance and expand its reach. 

    FAQs

    What is the playing format of IPL?

    IPL follows a round-robin group and knockout format, which means that each team plays against the others in a predetermined number of matches, and the top-performing teams advance to the playoffs.

    Who is the title sponsor of IPL?

    The Tata Group has secured the title sponsorship rights for the Indian Premier League (IPL) for the next five years, from 2024 to 2028 for ₹2,500 crore.

    What is the prize money for IPL 2024?

    The prize money for IPL 2024 is yet to be disclosed, but it’s anticipated to either match or exceed last year’s figures. Winners could potentially receive INR 30 crore, while the runners-up may secure a prize of INR 10 crore.

  • Indian Origin CEOs Who Are Ruling The World

    According to recent studies, Indian-origin CEOs are currently leading some of the world’s most successful companies in a variety of sectors.

    From technology to healthcare, these leaders have achieved remarkable success and are now considered among the most influential CEOs in the world.

    There is a whole range of companies, starting from IBM, Cognizant, and Adobe to tech giants like Google and Microsoft, mobile mammoths like Nokia, and content kings like OnlyFans, where the CEOs are of Indian origin and are upping the game, no doubt.

    So, without further ado, let’s take a closer look at the top Indian CEOs ruling the world in 2023.

    Indian Origin CEO Company Year of Service
    Sundar Pichai Alphabet Inc. (Google) 2015 – Present
    Satya Nadella Microsoft Corporation 2014 – Present
    Vivek Sankaran Albertsons Companies 2019 – Present
    Arvind Krishna IBM 2020 – Present
    Vasant Narasimhan Novartis AG 2018 – Present
    Sanjay Mehrotra Micron Technology 2017 – Present
    Laxman Narasimhan Starbucks 2023 – Present
    Revathi Advaithi Flex Ltd. 2019 – Present
    Neal Mohan YouTube 2023 – Present
    Shantanu Narayen Adobe Inc. 2007 – Present
    Niraj Shah Wayfair 2002 – Present
    George Kurian NetApp 2015 – Present
    Leena Nair Chanel 2022 – Present
    Ravi Kumar S Cognizant 2023 – Present
    Nikesh Arora Palo Alto Networks 2018 – Present
    Anjali Sud Tubi 2023 – Present
    Devika Bulchandani Ogilvy 2022 – Present
    Jayshree Ullal Arista Networks 2008 – Present
    Rangarajan Raghuram VMWare 2021 – Present

    Sundar Pichai
    Satya Nadella
    Vivek Sankaran
    Arvind Krishna
    Vasant Narasimhan
    Sanjay Mehrotra
    Laxman Narasimhan
    Revathi Advaithi
    Neal Mohan
    Shantanu Narayen
    Niraj Shah
    George Kurian
    Leena Nair
    Ravi Kumar S
    Nikesh Arora
    Anjali Sud
    Devika Bulchandani
    Jayshree Ullal
    Rangarajan Raghuram
    Punit Renjen
    Ivan Menezes
    Amrapali ‘Ami’ Gan
    Sanjay Jha
    Rajeev Suri
    Francisco D’Souza
    Dinesh Paliwal
    Ashok Vemuri
    Ajaypal Singh Banga
    Parag Agarwal

    Sundar Pichai

    Company Google, Alphabet
    Headquarters Mountain View, California, United States
    Revenue $279.8 billion (Google), $282.83 billion (Alphabet)(2022)
    Term of Office Google (2015-Present), Alphabet (2019-Present)

    Indian Origin CEO- Sundar Pichai (Google and Alphabet)
    Indian Origin CEO- Sundar Pichai (Google and Alphabet)

    Pichai Sundararajan, also known as Sundar Pichai, was born in Tamil Nadu, India. He earned a degree from IIT Kharagpur in metallurgical engineering and is a distinguished alumnus of that institution.

    He holds an M.S. from Stanford University and an MBA from the Wharton School of the University of Pennsylvania where he was named a Siebel Scholar and a Palmer Scholar.

    Pichai began his career as a materials engineer and joined Google as a management executive in 2004 and became the CEO of Google in the year 2015. Pichai was also named as the CEO of Google parent, Alphabet in December 2019, when he replaced Larry Page.

    Satya Nadella

    Company Microsoft
    Headquarters One Microsoft Way Redmond, Washington, United States
    Revenue $198.27 billion (2022)
    Term of Office 2014-Present

    Indian Origin CEO - Satya Nadella (Microsoft )
    Indian Origin CEO – Satya Nadella (Microsoft)

    Hyderabad-born Satya Nadella has a BE from the Manipal Institute of Technology, an MS from the University of Wisconsin–Milwaukee, and an MBA from the University of Chicago Booth School of Business.

    Before joining Microsoft in 1992, he worked at Sun Microsystems as a member of its technology staff.

    He became the CEO of Microsoft in 2014 succeeding Steve Ballmer. He also succeeded John W. Thompson and was named Chairman of Microsoft in 2021.

    Vivek Sankaran

    Company Albertsons Cos Inc
    Headquarters Boise, Idaho, United States
    Revenue $76.768 billion (2022)
    Term of Office 2019-Present

    Indian Origin CEO- Vivek Sankaran (Albertsons Companies)
    Indian Origin CEO- Vivek Sankaran (Albertsons Companies)

    Vivek Sankaran is a well-known business executive in the United States. He is currently the President and CEO of Albertsons Companies, one of the largest food and drug retailers in the U.S., with more than 2,200 stores across 33 states.

    Before joining Albertsons in 2019, Sankaran was the CEO of PepsiCo Foods North America, where he led the company’s Frito-Lay and Quaker Foods businesses in the U.S. and Canada. He has also held senior leadership roles at other major companies, including Procter & Gamble and McKinsey & Company.

    Under his leadership, Albertsons has continued to expand its digital capabilities, introduce new products and services, and improve its supply chain and logistics operations.

    Arvind Krishna

    Company IBM
    Headquarters Armonk, New York, United States
    Revenue $60.53 billion (2022)
    Term of Office 2020-Present

    Indian Origin CEO- Arvind Krishna (IBM)
    Indian Origin CEO- Arvind Krishna (IBM)

    The Indian CEO of IBM, who became the Chairman on January 1, 2021, Arvind Krishna was born in Dehradun, India.

    He completed his schooling at St Joseph’s Academy, Dehradun, and the Stanes School, Coonoor, Tamil Nadu. He then received a Bachelor’s degree in Electrical Engineering from IIT Kanpur in 1985 and eventually got a PhD in Electrical Engineering.

    Krishna began his career at IBM as an engineer in IBM Research and was promoted to CEO in 2020. He is currently serving IBM as its CEO and Chairman.

    Vasant Narasimhan

    Company Novartis AG
    Headquarters Basel, Switzerland
    Revenue $50.5 billion (2022)
    Term of Office 2018-Present

    Indian Origin CEO - Vasant Narasimhan (Novartis AG)
    Indian Origin CEO – Vasant Narasimhan (Novartis AG)

    Narasimhan was born in the United States in 1976 but spent much of his childhood in India. He attended the Syosset High School in New York before earning a bachelor’s degree in biological sciences from the University of Chicago.

    He went on to complete his MD from Harvard Medical School, as well as a master’s degree in public policy from Harvard’s John F. Kennedy School of Government.

    After completing his education, Narasimhan worked as a consultant at McKinsey & Company before joining Novartis in 2005. In 2014, he was appointed as the Global Head of Drug Development and Chief Medical Officer for Novartis.

    In 2018, Narasimhan was named CEO of Novartis, succeeding Joseph Jimenez.

    Sanjay Mehrotra

    Company Micron Technology
    Headquarters Boise, Idaho, United States
    Revenue $27.15 billion (2022)
    Term of Office 2017-Present

    Indian Origin CEO - Sanjay Mehrotra (Micron Technology)
    Indian Origin CEO – Sanjay Mehrotra (Micron Technology)

    Kanpur-born Sanjay Mehrotra started his college at BITS Pilani and then transferred to the University of California, Berkeley from where he obtained a Bachelor’s and a Master’s in Electrical Engineering and in Computer Science.

    He is the current CEO of Micron Technology, who assumed office when Mark Durcan retired in February 2017.

    Previously, he co-founded SanDisk, where he served as the president and CEO until its acquisition by Western Digital in 2016.

    Laxman Narasimhan

    Company Starbucks
    Headquarters Seattle, Washington, United States
    Revenue $30.4 billion (2022)
    Term of Office 2022-Present

    Indian Origin CEO - Laxman Narasimhan (Starbucks)
    Indian Origin CEO – Laxman Narasimhan (Starbucks)

    Laxman holds a degree in Mechanical Engineering from the College of Engineering, University of Pune, an MA degree in German and International Studies from The Lauder Institute, and an MBA in Finance from The Wharton School of The University of Pennsylvania.

    He joined Starbucks under the title “interim CEO” in October 2022, and following the transition will succeed interim CEO Howard Schultz. Narasimhan officially assumed the role of Chief Executive Officer of Starbucks in March 2023.

    Revathi Advaithi

    Company Flex (formerly Flextronics)
    Headquarters Singapore
    Revenue $29.72 billion (2022)
    Term of Office 2019-Present

    Indian Origin CEO - Revathi Advaithi (Flex)
    Indian Origin CEO – Revathi Advaithi (Flex)

    The CEO of Flex and an advocate of women in STEM (Science, Technology, Engineering, and Mathematics), Revathi Advaithi is an Indian-American business executive, who was born in India.

    Advaithi started her career as a shop floor supervisor in Eaton. In 2002, she joined Honeywell and returned to Eaton again, where she worked for 10 long years after becoming the COO. She eventually left Eaton and joined Flex as the company’s CEO in 2019. Revathi is an alumnus of Birla Institute of Technology and Science (BS) and Thunderbird School of Global Management (MBA).

    She is an independent director for the board of directors of Uber and Catalyst.org along with her present role. Besides, she also is a member of the MIT Presidential CEO Advisory Board. Revathi was also featured in Fortune’s list of the Most Powerful Women in 2019 and 2020.


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    Neal Mohan

    Company YouTube
    Headquarters San Bruno, California, United States
    Revenue $29.2 billion (2022)
    Term of Office 2023-Present

    Indian Origin CEO - Neal Mohan (YouTube)
    Indian Origin CEO – Neal Mohan (YouTube)

    Neal Mohan is an accomplished Indian-American executive with a bachelor’s degree in electrical engineering from Stanford University and an MBA from the Stanford Graduate School of Business.

    He began his career at Accenture, where he worked for approximately 1.5 years, before moving on to Microsoft as a manager in the company’s corporate strategy department.

    In 2008, Mohan joined Google after the tech giant’s acquisition of DoubleClick. Over the years, he rose through the ranks and became YouTube’s chief product officer in 2015, overseeing the platform’s product and user experience.

    Mohan’s impressive educational background and extensive tech industry experience played a significant role in his success. Notably, Neal Mohan, the Indian American business executive, became the CEO of YouTube in February 2023.

    Shantanu Narayen

    Company Adobe Inc
    Headquarters San Jose, California, United States
    Revenue $17.6 billion (2022)
    Term of Office 2007-Present

    Indian Origin CEO - Shantanu Narayen (Adobe)
    Indian Origin CEO – Shantanu Narayen (Adobe)

    Born in Hyderabad, India, Shantanu Narayan started his career at Apple. He holds a Bachelor of Science degree from Osmania University, an MBA from the University of California, Berkley, and an MS from Bowling Green State University.

    Narayen joined Adobe in 1998 and got promoted to CEO in December 2007, at the age of 45.

    Narayen also represented India in sailing at an Asian Regatta and got his name among the world’s best CEOs by Barron’s Magazine in the year 2016.

    Niraj Shah

    Company Wayfair
    Headquarters Boston, Massachusetts, United States
    Revenue $12.369 billion (2022)
    Term of Office 2002-Present

    Indian Origin CEO - Niraj Shah (Wayfair)
    Indian Origin CEO – Niraj Shah (Wayfair)

    Shah earned a bachelor’s degree in engineering from Cornell University and a master’s degree in engineering from the Massachusetts Institute of Technology (MIT).

    After completing his education, Shah started his career as a consultant at the global management consulting firm McKinsey & Company, where he worked for several years.

    In 2002, he co-founded the online furniture retailer CSN Stores (which later became Wayfair) with his friend and business partner, Steve Conine.

    George Kurian

    Company NetApp
    Headquarters San Jose, California, United States
    Revenue $6.549 billion
    Term of Office 2015-Present

    Indian Origin CEO - George Kurian (NetApp)
    Indian Origin CEO – George Kurian (NetApp)

    After serving as the executive vice president of product operations for two years at NetApp, George Kurian became the CEO and President of the company in June 2015.

    Born in Kottayam district, Kerala, he pursued engineering at IIT-Madras, but left six months later to join Princeton University; he also holds an MBA degree from Stanford.

    Leena Nair

    Company Chanel
    Headquarters London, United Kingdom
    Revenue $15.6 billion
    Term of Office 2022-Present

    Indian Origin CEO - Leena Nair (Chanel)
    Indian Origin CEO – Leena Nair (Chanel)

    Born on June 11, 1969, in Kolhapur, Maharashtra, Leena Nair was an Electronics Engineering student at Walchand College of Engineering. After completing her graduation, Leena went to XLRI Jamshedpur from where she came out as a gold medallist.

    Nair joined Anglo-Dutch company Unilever and was notably appointed as the Chief Human Resource Officer of the firm in 2016. She was recognized as the youngest, first female, and the first Asian ever to achieve the feat. Leena served many leadership positions in the same company before being appointed as the CHRO. Leena Nair was once again announced as the CEO of the French fashion brand, Chanel.

    Ravi Kumar S

    Company Cognizant
    Headquarters Teaneck, New Jersey, United States
    Revenue $19.428 billion
    Term of Office 2023-Present

    Indian Origin CEO - Ravi Kumar S (Cognizant)
    Indian Origin CEO – Ravi Kumar S (Cognizant)

    Ravi Kumar S. took on the role of CEO at Cognizant in January 2023. His tenure as CEO followed a distinguished career where he served as the President of Infosys from January 2016 to October 2022, contributing to his deep understanding of the IT industry.

    Kumar’s educational background is equally impressive, with an engineering degree from Shivaji University in Maharashtra and an MBA from Xavier Institute of Management in Orissa. His journey in the technology sector underscores the increasing presence of Indian-origin CEOs in global tech companies.

    Nikesh Arora

    Company Palo Alto Networks
    Headquarters Santa Clara, California, United States
    Revenue $5.818 billion
    Term of Office 2018-Present

    Indian Origin CEO - Nikesh Arora (Palo Alto Networks)
    Indian Origin CEO – Nikesh Arora (Palo Alto Networks)

    Nikesh Arora took the role of CEO and Chairman at Palo Alto Networks in June 2018. Prior to this, he worked with Google and SoftBank.

    Born to an Indian Air Force Officer, Arora holds a Btech degree in Electrical Engineering from IIT BHU, Varanasi.

    Furthermore, Arora also holds a degree from Boston College and an MBA from Northeastern University. Nikesh Arora has retained the CFA that he earned in 1999.

    Anjali Sud

    Company Tubi
    Headquarters San Francisco, United States
    Revenue NA
    Term of Office 2023-Present

    Indian Origin CEO - Anjali Sud (Tubi)
    Indian Origin CEO – Anjali Sud (Tubi)

    Born in the USA, Detroit, Anjali Sud is an American businesswoman of Indian origin and is popularly known for being the CEO of Vimeo. Sud opted to study at the private school, Phillips Andover Academy at the age of 14.

    She eventually received a B.Sc. degree in Finance and Management from the Wharton School of the University of Pennsylvania and later topped it off with an MBA from Harvard Business School.

    Sud was appointed as a Vimeo CEO in July 2017. She previously served as a General Manager and the Head of Marketing of the company. Sud is also counted as a Board member of Dolby Laboratories. Furthermore, Sud is a Young Global Leader of the World Economic Forum. She was also listed by Fortune in 2018 under its 40 Under 40 rising business leaders.

    Anjali Sud stepped down from her position as Vimeo CEO and joined Tubi in September 2023, taking on the role of CEO at Fox Corp.’s free streaming service.


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    Devika Bulchandani

    Company Ogilvy
    Headquarters New York, New York, United States
    Revenue $0.04 billion (2022)
    Term of Office 2022-Present

    Indian Origin CEO - Devika Bulchandani (Ogilvy)
    Indian Origin CEO – Devika Bulchandani (Ogilvy)

    Devika Bulchandani was born and raised in India, and she completed her schooling there. She then moved to the United States to pursue higher education, and she graduated with a Bachelor of Science in Economics from the Wharton School at the University of Pennsylvania.

    Bulchandani began her career in the advertising industry in 1995, working at several leading agencies such as Ammirati Puris Lintas, J. Walter Thompson, and McCann Erickson. She joined Ogilvy in 1999 as an Account Director and worked her way up the ranks, eventually becoming the Chief Operating Officer of Ogilvy New York in 2017.

    In March 2021, Bulchandani was appointed as the CEO of Ogilvy North America, making her the first woman of color to lead the agency.

    Jayshree Ullal

    Company Arista Networks
    Headquarters Santa Clara, California, United States
    Revenue $4.381 billion (2022)
    Term of Office 2008-Present

    Indian Origin CEO - Jayshree Ullal (Arista Networks)
    Indian Origin CEO – Jayshree Ullal (Arista Networks)

    Jayashree Ullal, the President, and CEO of Arista Networks was raised in New Delhi and attended San Francisco State University from where she graduated with a B.S. in Engineering.

    She then went on to obtain a Master’s degree in Engineering Management from Santa Clara University.

    Rangarajan Raghuram

    Company VMware
    Headquarters Palo Alto, California, United States
    Revenue $13.16 billion (2022)
    Term of Office 2021-Present

    Indian Origin CEO - Rangarajan Raghuram (VMware)
    Indian Origin CEO – Rangarajan Raghuram (VMware)

    Rangarajan Raghuram currently serves as the CEO of VMware, who assumed his office on June 1, 2021.

    Raghuram joined the company back in 2003 and has held multiple key leadership positions, thus being responsible for influencing the company’s strategies and bringing forth a technological revolution that VMware has seen.

    Punit Renjen

    Company Deloitte
    Headquarters London, England
    Revenue $59 billion (2022)
    Term of Office 2015-2022

    Indian Origin CEO - Punit Renjen (Deloitte)
    Indian Origin CEO – Punit Renjen (Deloitte)

    Renjen was born and raised in India, where he earned a Bachelor of Commerce degree from the University of Bombay. He later moved to the United States to pursue an MBA from Willamette University’s Atkinson Graduate School of Management in Oregon.

    After completing his MBA, Renjen joined Deloitte’s U.S. consulting practice in 1989. He quickly rose through the ranks, becoming a partner in the firm’s consulting practice in 1999.

    In 2015, Renjen was appointed as the Global CEO of Deloitte, becoming the first person of Indian origin to lead one of the “Big Four” accounting firms.

    On December 31, 2022, Punit retired as Deloitte Global CEO after having served in the role since June 2015. He now serves as Deloitte Global CEO Emeritus.

    Ivan Menezes

    Company Diageo
    Headquarters London, England
    Revenue $20.56 billion (2022)
    Term of Office 2013-2023

    Indian Origin CEO - Ivan Menezes (Diageo)
    Indian Origin CEO – Ivan Menezes (Diageo)

    Ivan Menezes was born in Pune, India, in 1959. Menezes attended high school in Hong Kong and went on to study at the University of Pune in India, where he earned a Bachelor of Commerce degree.

    He then moved to the United States to pursue a Master of Business Administration (MBA) degree from Northwestern University’s Kellogg School of Management.

    Menezes started his career with Nestle in 1986, working in various roles across Latin America, Europe, and Asia. Menezes joined Diageo in 1997 as a strategy director and was subsequently appointed president and CEO of Diageo North America in 2004.

    He was later promoted to the role of Chief Operating Officer in 2012, before becoming CEO in 2013.

    Ivan served as the CEO of Diageo from 2013 until his passing in June 2023. Later, in June 2023, Debra Crew was appointed as Diageo’s Chief Executive Officer.

    Amrapali ‘Ami’ Gan

    Company OnlyFans
    Headquarters London, England
    Revenue $2.5 billion (2022)
    Term of Office 2021-2023

    Indian Origin CEO - Amrapali Gan (OnlyFans)
    Indian Origin CEO – Amrapali Gan (OnlyFans)

    Amrapali Gan has been named the new CEO of the London-based internet content subscription service company, OnlyFans on December 21, 2021, with the founder of the company Tim Stokely stepping down from the role. The NRI Indian CEO has already assumed office on the same date.

    Amrapali Gan, or ‘Ami’ Gan, as she is nicknamed, has completed her early and higher education in California, US.

    Gan has completed her Associate of Arts degree in Merchandise Marketing from FIDM. She then pursued a Bachelor of Arts in PR and Organisational Communications from California State University.

    Furthermore, she also went on to earn her Certificate of Entrepreneurship from Harvard Business School Online. Ami had worked as a consultant with Arcade Agency for around 4 years before being appointed as the CEO of OnlyFans.

    In July 2023, Ami Gan resigned as the CEO of OnlyFans after a two-year tenure, with Chief Strategy and Operations Officer Keily Blair stepping in as the new CEO. Ami Gan has started her own new venture, Hoxton Projects.

    Sanjay Jha

    Company Global Foundries and Motorola
    Headquarters Malta, New York, United States
    Revenue $2.5 billion (2022)
    Term of Office 2014-2018

    Indian Origin CEO - Sanjay K Jha (GlobalFoundries and Motorola)
    Indian Origin CEO – Sanjay K Jha (GlobalFoundries and Motorola)

    He is the former chief executive officer (CEO) of GlobalFoundries and the former chairman and CEO of Motorola Mobility. Before that, he was the chief operating officer of Qualcomm.

    Jha was born in Bhagalpur, Bihar, and holds a BS from the University of Liverpool and a PhD from the University of Strathclyde.

    Rajeev Suri

    Company Nokia
    Headquarters Espoo, Finland
    Revenue $25.997 billion (2022)
    Term of Office 2014-2020

    Indian Origin CEO - Rajeev Suri (Nokia)
    Indian Origin CEO – Rajeev Suri (Nokia)

    Rajeev Suri is an Indian–Singaporean business executive and the former CEO of Nokia from New Delhi, India. Suri joined Nokia in 1995 and held various key positions before being the President and CEO in April 2014, which was after Nokia had repurchased full control of the NSN and sold its phone division to Microsoft Mobile.

    Suri holds a B-Tech from the Manipal Institute of Technology. After he left his office at Nokia, Suri in 2020 giving way to its new CEO, Pekka Lundmark, Suri joined Inmarsat, where he joined as a CEO effective from March 1, 2021, onwards.

    Francisco D’Souza

    Company Cognizant
    Headquarters Teaneck, New Jersey, United States
    Revenue $19.428 billion (2022)
    Term of Office 2007-2019

    Indian Origin CEO - Francisco D'Souza (Cognizant)
    Indian Origin CEO – Francisco D’Souza (Cognizant)

    Francisco D’Souza is among the youngest CEOs in the software services sector and a member of the company’s board of directors. D’Souza joined Cognizant as a co-founder in 1994 and went on to become its CEO in 2007.

    The son of an Indian, D’Souza was born in Kenya and is distinguished as the former CEO and Vice Chairman of Cognizant. He holds a BBA from the University of East Asia, Macau, and an MBA from Carnegie Mellon University, Pittsburgh.

    Brian Humphries succeeded Francisco D’Souza as Cognizant’s CEO in April 2019, and later in January 2023, Ravi Kumar S was appointed as the new Chief Executive Officer of Cognizant.

    Dinesh Paliwal

    Company Harman International
    Headquarters Stamford, Connecticut, United States
    Revenue $2.7 billion (2022)
    Term of Office 2007-2020

    Indian Origin CEO - Dinesh Paliwal (Harman International)
    Indian Origin CEO – Dinesh Paliwal (Harman International)

    Born in Agra, Uttar Pradesh, Paliwal holds a BE and an MS degree from IIT Roorkee. He also obtained an MBA from Miami University.

    Paliwal is known as the former President and CEO of Harman International, an independent subsidiary of Samsung Electronics, who stepped down from both of the positions and is currently appointed among the Board of Directors of the company.

    Before joining Harman, he spent 22 years with ABB Group, where he held the dual role of President of ABB Group with responsibility for the company’s global P&L, and Chairman/CEO – ABB North America.

    Ashok Vemuri

    Company Conduent Inc. of Xerox Corporation
    Headquarters Florham Park, New Jersey, United States
    Revenue $3.85 billion (2022)
    Term of Office 2016-2019

    Indian Origin CEO - Ashok Vemuri (Conduent Inc of Xerox Corporation)
    Indian Origin CEO – Ashok Vemuri (Conduent Inc of Xerox Corporation)

    New Delhi-born Ashok Vemuri is one among the Board of Directors for Financial Policy and Public Responsibilities at Kroger and was the former Chief Executive Officer of IGATE and Conduent.

    Xerox, the 110-year-old document technology company that over the years came to symbolize everything associated with photocopying, named former iGate-appointed CEO Ashok Vemuri as the new CEO of its back-office outsourcing company, Conduent.

    Vemuri was also appointed as the Executive Vice President and CEO of Xerox Business Services LLC.

    Ajaypal Singh Banga

    Company Mastercard
    Headquarters Purchase, Harrison, New York, United States
    Revenue $22.23 billion (2022)
    Term of Office 2010-2020

    Indian Origin CEO - Ajaypal Singh Banga (Mastercard)
    Indian Origin CEO – Ajaypal Singh Banga (Mastercard)

    Beginning his business career with Nestlé in 1981, Pune-born Ajaypal Singh Banga was appointed as the President and CEO of Mastercard back in July 2010 and retained his office till December 31, 2020, after which he stepped down giving way to Michael Miebach.

    He completed his primary education at the Hyderabad Public School in Begumpet and he went on to graduate with a Bachelor of Arts (Honours) degree in Economics from St. Stephen’s College, Delhi University followed by a PGP in Management from the IIM Ahmedabad.

    Banga was nominated by the Biden administration in February 2023 and elected as the President of the World Bank on May 3, 2023.


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    Parag Agarwal

    Company Twitter
    Headquarters San Francisco, California, United States
    Revenue $1.17 billion (2022)
    Term of Office 2021-2022

    Indian Origin CEO - Parag Agrawal (Twitter)
    Indian Origin CEO – Parag Agrawal (Twitter)

    Born in Ajmer, Rajasthan on May 21, 1984, Parag Agrawal was schooled at Atomic Energy Central School No.4., where he studied with the renowned singer Shreya Ghoshal. Agrawal sat for the Joint Entrance Exam, where he was placed 77th, thereby seizing a chance to be admitted at the IIT Bombay.

    He completed his B.Tech. degree in Computer Science and Engineering from the same institute in 2005. Parag then decided to pursue a PhD in computer science from Stanford University, US.

    He was the CEO of Twitter, Inc. from November 2021 to October 2022. Agrawal was promoted to the post of Chief Technology Officer (CTO) in October 2017, when he replaced Adam Massinger. This was the last designation that he served before being named as the Chief Executive Officer of the company on November 29, 2021.

    Conclusion

    CEOs are integral to a company. He/she, when appointed as the CEO of a particular company, manages and monitors the day-to-day operations of the firm, and also stands responsible for strategic planning and decision-making. The CEO is the person who determines the direction of a business and is thus, a respectable as well as a valuable asset of the company.

    Therefore, it feels exceptionally good to be an Indian when you get to hear that the CEOs of such big companies that are shaping the modern world are Indian in origin. Hope you find this list of Indian-origin CEOs at the top companies globally useful and informative!

    FAQs

    Who is the highest paid CEO of India?

    Mukesh Ambani, the CEO of Reliance Industries is the highest paid CEO of India.

    Who are the top 10 CEO in world?

    Top 10 CEO in world are:

    • Elon Musk
    • Satya Nadella
    • Mark Zuckerberg
    • Andy Jassy
    • Tim Cook
    • Jeff Bezos
    • Jack Dorsey
    • Arvind Krishna
    • Warren Buffett
    • Jamie Dimon

    Who are the Indian Origin CEOs leading the world?

    Some of the top Indian origin CEOs leading the world are:

    • Sundar Pichai
    • Satya Nadella
    • Parag Agrawal
    • Leena Nair
    • Amrapali ‘Ami’ Gan
    • Shantanu Narayen
    • Sanjay Mehrotra
    • Sanjay Jha
    • Rajeev Suri
    • George Kurian
    • Revathi Advaithi
    • Francisco D’Souza
    • Dinesh Paliwal
    • Ashok Vemuri
    • Nikesh Arora
    • Anjali Sud
    • Ajaypal Singh Banga
    • Arvind Krishna
    • Jayshree Ullal
    • Rangarajan Raghuram

    Who are the top CEOs in India?

    Some of the Top CEOs in India are:

    • Mukesh Ambani
    • Arvind Krishna
    • Gopal Vittal
    • S N Subrahmanyam
    • C P Gurnani
    • Pawan Munjal
    • Kalanithi Maran
    • Indra Nooyi
    • Salil Parikh
    • Savitri Jindal
  • Top Brands Endorsed by Lionel Messi

    Lionel Andres Messi, a name known by everyone! When it comes to football, there isn’t anyone who does not praise and admire Lionel Messi. Being one of the best footballers of all time, Lionel Messi has a massive fan following worldwide. And this fandom is what keeps the bank balance of Lionel Messi always high! Yes, because of this enormous popularity, Lionel Messi signed numerous endorsement deals.

    According to Genuine Impact Newsletter’s compiled data, Lionel Messi, the football sensation from Argentina, emerged as the highest-paid athlete in the 2021-22 period, raking in a total of $130 million in earnings. This significant figure encompasses both his on-field income, comprising salary and competition winnings amounting to $75 million, as well as his off-field earnings of $55 million, which stem from lucrative sponsorships, endorsements, and various non-sporting ventures. Fascinating, right?

    In this blog, we will explore some of the prominent brands that have been endorsed by Lionel Messi throughout his illustrious career.

    Let’s get started.

    List of 18 Brands Endorsed by Lionel Messi

    Adidas
    Tata Motors
    Pepsi
    Huawei
    Gatorade
    Lay’s
    Mastercard
    Louis Vuitton
    Budweiser
    Gillette
    SikSilk
    Byju’s
    Sirin Labs
    Air Europa
    Pro Evolution Soccer
    Jacob and Co.
    OrCam
    Mengniu

    Adidas

    In 2006, Lionel Messi, joined forces with Adidas, the highly popular German sportswear brand, as its brand ambassador. Since then, Messi has become synonymous with the brand, representing its values and image worldwide. Building upon Messi’s immense appeal, Adidas went on to sign a lifetime contract with him in 2017, further solidifying their partnership. Messi’s endorsement of Adidas includes promoting their football boots, apparel, and other sports equipment. This exclusive agreement ensures that Messi receives an impressive annual sum of approximately $25 million, adding to his already remarkable earnings.

    Tata Motors

    Lionel Messi, the iconic Argentine footballer, has been chosen as the global brand ambassador for Tata Motors, a leading Indian automobile manufacturer. This strategic partnership aims to highlight Tata Motors’ vehicles, emphasizing their performance, reliability, and innovative features, while leveraging Messi’s worldwide popularity and influence. The association between these two influential entities symbolizes a shared commitment to excellence and pushing boundaries. Despite Messi’s temporary retirement from international football in 2016, Tata Motors reaffirmed their faith in him, stating that he will continue to serve as their esteemed global brand ambassador, endorsing Tata’s passenger vehicles.


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    Pepsi

    Lionel Messi’s collaboration with Pepsi is a highly significant endorsement, as he has taken on the role of global ambassador for the renowned beverage brand. This partnership has seen Messi feature prominently in various commercials and marketing campaigns, showcasing the vibrant and energetic nature of both the player and the brand itself. With Messi’s long-standing association, Pepsi has experienced considerable success, and the football star has appeared alongside other notable players like Mo Salah, Jadon Sancho, and Paul Pogba in captivating television advertisements.


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    Huawei

    Messi’s collaboration with Huawei, a leading telecommunications company, has seen him endorse their smartphones and other technological products. As a brand ambassador, Messi’s image aligns with Huawei’s focus on innovation, performance, and global reach. The partnership highlights the shared values of excellence and breakthrough technology.


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    Gatorade

    Gatorade, a popular sports drink brand, has also partnered with Lionel Messi. Through this endorsement, Messi promotes Gatorade’s products and features in their advertising campaigns. Gatorade’s association with Messi emphasizes the importance of hydration, performance, and recovery in sports, with Messi’s achievements serving as a testament to the brand’s effectiveness.

    Lay’s

    Lay’s, the popular snack brand, joined forces with Lionel Messi to capitalize on his widespread appeal and drive awareness of their products. Messi’s association with Lay’s embodies the brand’s values of pleasure, leisure, and enjoyment. Through engaging advertising campaigns, Lay’s showcases Messi as a symbol of indulgence and invites consumers to savor their snacks during moments of relaxation. Since their partnership in 2013, Lay’s has successfully utilized Messi’s star power in global marketing initiatives, further solidifying his role as a beloved ambassador for the brand.


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    Mastercard

    Mastercard, a renowned financial services company, has joined forces with Lionel Messi to promote their payment solutions. The collaboration showcases Messi’s global appeal and Mastercard’s commitment to providing secure and convenient payment options. Messi’s association with Mastercard extends beyond traditional advertising, as he actively engages in promotional activities and initiatives with the brand.


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    Louis Vuitton

    Lionel Messi’s collaboration with luxury fashion brand Louis Vuitton brought together two icons of their respective fields. In 2019, Messi was announced as the brand ambassador for Louis Vuitton’s men’s collections, marking his venture into the world of high-end fashion.

    The partnership aimed to combine Messi’s global influence and style with Louis Vuitton’s legacy of craftsmanship and elegance. As a symbol of excellence and sophistication, Messi perfectly embodied the brand’s values and represented the modern, discerning man.

    Budweiser

    Messi’s influence extends beyond chips and soda as he has also forged a brand partnership with Budweiser, a renowned limited-edition beer company. Through this collaboration, Budweiser has achieved tremendous success, establishing a long-term relationship with soccer enthusiasts. Additionally, Messi has celebrated his significant victories with the company’s beer, cementing their shared passion for excellence and celebration.


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    Gillette

    Gillette, a prominent personal care brand, has enlisted Lionel Messi as a brand ambassador. Messi endorses Gillette’s grooming products and features in their advertising campaigns. This partnership emphasizes the values of precision, excellence, and professionalism that both Messi and Gillette represent.


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    SikSilk

    In November 2021, the Scarborough-based fashion brand, SikSilk, unveiled an exciting partnership with Messi, introducing The Messi x SikSilk collection. Spearheaded by Maria Sol Messi, Lionel Messi’s younger sister, the collaboration brought forth a unique fusion of style and creativity.

    Byju’s

    The collaboration between Lionel Messi and Byju’s sparked excitement among fans and education enthusiasts alike. As one of the world’s most renowned footballers, Messi’s association with Byju’s brought attention to the importance of quality education and innovative learning methods.

    Sirin Labs

    Lionel Messi’s endorsement of Sirin Labs marked an exciting partnership between the renowned footballer and the innovative technology company. Sirin Labs, known for its focus on cybersecurity and blockchain solutions, found a fitting collaborator in Messi, who represents excellence, precision, and cutting-edge performance.

    Air Europa

    Lionel Messi’s influence extends to the airline industry, with Air Europa recognizing his global appeal and signing him as their brand ambassador. Since their initial partnership in 2007, Air Europa has experienced significant benefits from associating with Messi, elevating their brand name and solidifying their position in the market.

    Pro Evolution Soccer

    Pro Evolution Soccer (PES) has signed Lionel Messi as its brand ambassador in the year 2019. They launched a distinct Barcelona edition for smartphones of the PES 2020 in which Lionel Messi was also featured.

    Jacob and Co.

    In 2019, Jacob and Co., a renowned watch manufacturing company, proudly appointed Lionel Messi as its esteemed brand ambassador. Recognized as one of the finest and most prestigious watchmakers in the world, Jacob and Co. extended their reach to football enthusiasts through this partnership with Messi, resulting in substantial success and profitability for the brand.

    OrCam

    In a recent development, Lionel Messi has joined forces with OrCam, a cutting-edge brand in the field of eye care. In 2020, Messi signed a three-year contract with the Israeli-based company, known for its commitment to serving the needs of the blind and visually-impaired community. This partnership highlights Messi’s dedication to making a positive impact and supporting innovative solutions for those with visual impairments.

    Mengniu

    Lionel Messi has also reached the audience of China as one of a very popular Chinese brand, Mengniu signed Lionel Messi, as its brand ambassador. Mengniu is a Chinese dairy brand that launched various programs among which, Lionel Messi was also enrolled with some such as the “Born for Greatness” program.


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    Conclusion

    Lionel Messi’s remarkable talent and global appeal have made him an incredibly sought-after figure for endorsements. The brands mentioned above are just a few examples of the many prestigious companies that have recognized Messi’s influence and have sought to associate their products and services with his name. These collaborations not only enhance brand visibility but also leverage Messi’s iconic status to create a strong emotional connection with consumers worldwide. As Messi’s career continues to unfold, it will be intriguing to see the new partnerships and endorsements that emerge, further solidifying his status as a global icon both on and off the football field.

    FAQ

    What is the net worth of Lionel Messi?

    According to sources, Lionel Messi’s estimated net worth is projected to reach $660 million by the end of 2022, showcasing his incredible success both on and off the football field.

    What is the age of Lionel Messi?

    Lionel Messi was born on 24 June 1987 and is 35 years old.

    What is Lionel Messi’s full name?

    Lionel Messi’s full name is Lionel Andrés Messi.

    Lionel Messi’s immense popularity can be attributed to his exceptional talent, mesmerizing skills, and record-breaking performances in football, captivating fans with his unique playing style. Additionally, his humble demeanor and philanthropic efforts have further endeared him to a global audience, solidifying his status as an iconic and beloved figure in the world of sports.

    Which brands has Lionel Messi endorsed?

    Lionel Messi has endorsed several renowned brands including Adidas, Pepsi, Lay’s, Budweiser, Air Europa, Jacob and Co., and OrCam.

    How long has Lionel Messi been associated with Adidas?

    Messi has been a brand ambassador for Adidas since 2006 and signed a lifetime contract with the company in 2017.

    What is Messi’s brand value?

    Lionel Messi’s brand value is estimated to be in the range of 40-50 million USD, earned through lucrative advertising contracts and brand endorsements.

    The logo of Lionel Messi, was designed by the graphic design agency, Vaudeville. The logo features Messi’s initials “L” and “M” in a dynamic and stylized format, reflecting his agility and skill on the football field.

  • Visa vs. Mastercard: The Clash Between the Cards

    Electronic payments can be defined as a digital transaction between two parties. These payments include ACH, cards, bank transfers, digital wallets, mobile payments, and many more. When it comes to credit cards, the global electronics payment industry is dominated by four giants – Visa, Mastercard, American Express, and Discover.

    From these four, it is Visa and Mastercard are arch rivals with distinct product offerings. Both these companies issue payment cards through co-branded relationships. Even as these two companies do not extend credit or issue cards, their product repertoire consists of credit facilities, and debit and prepaid card options are issued through various business partnerships.

    Company Overview
    Common Benefits
    Other Benefits

    Company Overview

    Visa and Mastercard, both exclusively operate as network processors and are involved in all three areas of the payments market. The companies have similar business operations, offering payment cards to the public through partner member financial institutions. The member financial institutions issue cards either directly or in partnerships with airlines, hotels, or even retail brands.

    Visa Inc.

    Visa was founded in the year 1958 as BankAmericard, headquartered in Fresno, California. It was the brainchild of Bank of America’s in-house Product Development team, Customer Services Research Group, and Joseph P. Williams, its leader. In response to its then competitor, Master Charge, the BankAmericard program was licensed to other financial institutions in the year 1966. In the year 1970, Bank of America gave up direct control of the BankAmericard program and formed a co-operative with other various BankAmericard issuer banks to take over its Management. It was renamed to Visa Inc., in the year 1976.

    Currently, the world’s second-largest card payment organization, Visa commands a 50% market share of total card payments. In the year 2020, Visa Inc.’s net revenue was a whopping USD 21.8 billion with a payments volume of USD 8.8 trillion. The company’s core product repertoire consists of credit, debit, and prepaid cards as well as business solutions and global ATM services.

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    Mastercard Inc.

    Also an American company,  Mastercard Inc. was founded in 1966 in Purchase, New York. The company has an interesting history, with it first being known as Interbank and then Master Charge before settling for its current name. It was created by an alliance of several banks and regional bankcard associations in response to the BankAmericard, which was issued by Bank of America. BankAmericard later became Visa, which is still Mastercard’s biggest global competitor. Mastercard Inc.’s, initial public offering was in the year 2006, when it became a publicly traded company. Before its IPO, Mastercard Worldwide was a cooperative that was owned by more than 25,000 financial institutions.

    The year 2020 saw Mastercard Inc.’s net revenue at USD 15.3 billion with a payment volume of USD 6.3 trillion. The company’s core product offerings include consumer credit, debit and prepaid cards, and a commercial product business. Its business segment known as Payment Solutions, is broken as per geographical locations across the US and the world.


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    Both these companies are known for offering three different card levels. Visa offers traditional, signature, and infinite while Mastercard’s card offerings include standard, world, and world elite.

    Common Benefits

    When it comes to credit card product comparison of Visa and Mastercard, it is only fair that the product offering of both companies is compared on similar grounds. Some benefits are common to both, some existing due to federal regulations while others have become industry standards, expected by issuers to be provided for their customers.

    Zero Liability Protection

    Both companies protect their user base against unauthorized charges. In the event a credit card has been used for fraudulent purchases, the user can report it to the issuer and have the card blocked and the transaction reversed. In such a scenario, the charges are borne by the card company.

    Visa - Report a Lost or Stolen Card
    Visa – Report a Lost or Stolen Card

    Cell Phone Protection

    This is also a service that is provided by both companies. Visa Signature members can get cell phone protection each month when they pay their wireless bill with their Visa card. On the other hand, World Mastercard offers a USD 1000 yearly coverage on cell phone protection in the event of a cell phone gets stolen or needs certain repairs, when the phone bill is paid with World Mastercard.

    Global Emergency Services

    Although both companies offer this service, Mastercard offers it for every card level available anytime, anywhere, and in any language. This helps in replacing a stolen card, access of cash advances, etc. Visa offers travel and emergency assistance services for Visa Infinite card holders that provide help in an emergency across the world.

    Mastercard - Global Emergency Services
    Mastercard – Global Emergency Services

    Other Benefits

    Visa

    Visa offers three tiers of credit cards to its customers – Visa Traditional, Visa Signature, and Visa Infinite. Visa Signature and Visa Infinite offer maximum benefits and perks. However, on the whole, Visa offers more benefits than Mastercard.

    a) Purchase Protection and Insurance offers additional benefits to Signature and Infinite card users that include lost luggage reimbursement, trip delay, cancellation, and interruption reimbursement, extended warranty protection, zero liability protection, etc.

    Benefits of Visa Infinite
    Benefits of Visa Infinite

    b) Visa Signature Luxury Hotel Collection offers its members special status at more than 900 participating hotels. This allows members access to seven premium benefits that include the best available rate guarantee, automatic room upgrade on arrival if available, complimentary in-room Wi-Fi when available, complimentary breakfast for two, USD 25 food or beverage credit, VIP guest status, and late checkout upon request.

     Visa Signature Luxury Hotel Collection
    Visa Signature Luxury Hotel Collection

    c) Travel benefits for Signature and Infinite card members that include, Global Entry statement credits, Priority Pass lounge access, special Visa Signature offers, and rental car privileges.

    d) Emergency Services that Visa provides for its members include important services like roadside dispatch, lost or stolen card reporting, emergency replacement, emergency cash disbursement, etc.

    Mastercard

    Mastercard too offers three different tiers of credit cards, with each one offering benefits and perks. The three different card categories include Standard, World, and World Elite. Below are some common benefits offered by Mastercard.

    a) Purchase Protection and Insurance which is offered by all three cards with World and World Elite cards offering the most benefits. These include Mastercard ID theft protection, cell phone protection, global emergency services, etc.

    Benefits of World Elite Masterclass
    Benefits of World Elite Masterclass

    b) Concierge Services is offered by World Elite Mastercard which can schedule restaurant reservations, and event tickets, or even help in purchasing items that are hard to find. There is no user fee attached to this card. World Mastercard users can use Mastercard Airport Concierge and special Golf Concierge service through Priceless Golf.

    c) Mastercard Luxury Hotel and Resorts Portfolio gives World and World Elite Mastercard members access and upgrades at more than 3000 properties across the world. Depending on the property, the amenities can vary, offering complimentary daily breakfast, amenity credits up to USD 100, and other perks.

    Mastercard's Travel and Lifestyle Services
    Mastercard’s Travel and Lifestyle Services

    d) Luxury Event Deals offer access to many luxury events like special access to PGA Tour gold outings, access to Priceless Experiences that include film festivals and cooking lessons from private chefs, and many others.

    The Better Card – Conclusion

    Both Visa and Mastercard offer several advantages, some mandated by rules and regulations, others as industry norms demanded by end consumers. Each one has its benefits that appeal to individual consumers. While it is difficult to pinpoint a clear winner, both these companies are world leaders in their operational sectors. Depending on individuals and the benefits that most suit them, credit cards can be chosen.

    FAQs

    When was Visa founded?

    Visa was founded in 1958.

    When was Mastercard founded?

    Mastercard was founded in 1966.

    What are the three cards offered by Visa?

    Visa offers traditional, signature, and infinite credit cards.

    What are the three cards offered by Mastercard?

    Mastercard’s card offerings include standard, world, and world elite.

  • What Credit Cards do Billionaires Use? | Top 5 Exclusive Credit Cards

    Credit cards have always been an important entity in people’s lives. But it does hold different purposes and meanings for different people. For average wealthy people, credit cards are a way to manage their finances and handle additional charges or earn rewards. But, for the super-rich or the billionaires, credit cards come with tons of luxurious perks that help them fund their lavish lifestyle. And these credit cards are obtained after achieving a certain benchmark or through invitation.

    People often wondered what perks these luxurious credit cards offer and what exactly are these. To answer these questions, we have presented this article where we’ll be discussing the top credit cards that billionaires use. So, let’s get started!

    American Express Centurion Card
    Citibank Prestige Credit Card
    J.P. Morgan Reserve Card
    American Express Platinum Card
    Citi Chairman
    FAQ

    American Express Centurion Card

    Annual Fee – $5000

    American Express Centurion Card
    American Express Centurion Card

    The most exclusive and luxurious credit card, American Express Centurion Card is always the first preference for billionaires. It was launched in 1999 and is commonly known as “Amex Black Card.” And what makes it more exclusive is that you won’t find any details or application form of this credit card online as it is only obtained on the invitation by Amex. And for this, you need to spend between $250,00 to $450,000 every year on your Amex card.

    By this, you get noticed by them for the invitation purposes as being an Amex cardholder, you need to have a certain spending habit, as Amex is very specific with its customers’ spending which usually tends towards luxury dining, events, goods and travel. After the invitation, you need to pay $10,000 as an initiation fee and an annual fee of $5,000.

    Citibank Prestige Credit Card

    Annual Fee – Rs. 20,000 + taxes

    Citibank Prestige Credit Card
    Citibank Prestige Credit Card

    Being an invitation-only bank Prestige Card was introduced in India, specifically for high net worth individuals. For this, Citibank has appointed dedicated relationship managers that work by helping the cardholders in spending as per their lifestyles and personal needs.

    They understand the preferences and choices of the cardholders and offer them customized personalized programmes based on their requirements. And these aren’t limited to goods and travel only, in fact, they offer access to exclusive concierge services.

    J.P. Morgan Reserve Card

    Annual Fee – $595

    J.P. Morgan Reserve Credit Card
    J.P. Morgan Reserve Credit Card

    The J.P. Morgan Reserve Card is widely known as the Palladium card. This exclusive card is credited with the composition of palladium and has recently been rebranded as “Reserve.” This too is obtained by invitation, for which you must have $10 million in holdings with J.P. Morgan’s private bank. And the annual fee of this exclusive and luxurious card is $595.

    Moreover, J.P. Morgan Reserve Card provides 10X ultimate reward points per dollar on Lyft rides along with 3X points per dollar spent on travel. Plus, the cardholder gets an annual travel credit of $300. It also provides top-quality protection and insurance.

    American Express Platinum Card

    Annual Fee – Rs. 60,000

    American Express Platinum Credit Card
    American Express Platinum Credit Card

    American Express Platinum Card, the platinum card that comes with some uber-exclusive and impressive services including the entry to ‘By invitation only’ events, fine dining deals, golf membership and many more.

    Along with this, it provides the privilege of enjoying luxurious travel and hotel deals, both nationally and internationally. It is entirely based on cardholders’ choices and lavishing lifestyle. As it does not have any preset spending limit, users can easily enjoy the fancy lifestyle. The annual fee for this American Express Platinum Card is Rs 60,000 plus taxes.

    Citi Chairman

    Annual Fee – $500

    Citi Chairman Credit Card
    Citi Chairman Credit Card

    An exclusive black piece of plastic from Citi Bank, the Citi Chairman card comes with the eligibility criteria of being a part of Citi group’s private bank. It is counted among the most luxurious and exclusive credit cards in the world.

    It offers a $300,000 credit limit, access to events only for members, airport lounge access and a 24/7 concierge. The fee of this Citi Chairman card is $500, which is quite less compared to others.


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    Conclusion

    Credit cards are considered an entity for the rich to fund their lavish lifestyles. For any ordinary individual, credit cards offer limited services and reward points. But for billionaires who are often invited to obtain the credit cases, are offered numerous luxurious services such as fancy goods, travel insurance, access to private events, lavish dinners, access to private islands and many more. This surely puts an impressive outlook on the individual’s wealth. Stay tuned with us for more content!

    FAQ

    What is the most exclusive credit card in the world?

    The American Express Centurion Card is the most exclusive card in the world that has a limit of 10 crores.

    What cards do billionaires use?

    American Express Centurion Card, Citibank Prestige Credit Card, J.P. Morgan Reserve Card, and American Express Platinum Card are some of the exclusive credit cards super-rich use.

    What is the American Express Black Card limit?

    There’s no credit limit on American Express Black Card.

  • Business Model of Visa | How does Visa Inc. Make Money?

    The biggest digital payment brand, dominating the whole digital transactions companies around the globe, is Visa. Visa Inc. is widely famous across the globe and serves over 200 countries and numerous territories. Visa facilitates dozens of services at a broad level to the individual consumers, financial institutions, governments, and merchants. It offers authorization, settlements, and clearing services in the smoothest manner.

    Visa Inc. does not issue debit or credit cards although it does authorize the service of debit, credit, and prepaid cards to the enterprises as well as consumers. Visa gains its most profitable deals by selling services to various financial businesses and merchants, acting as the middleman. Visa’s biggest business strategy comes from expanding its presence to various digital payments, E-Commerce, and others. The biggest rival to Visa is Mastercard Inc. and PayPal Holdings Inc. in the market. In this article, we will discuss the business model of Visa and how it makes money! Let’s get started.

    About Visa
    Where does Visa Operate?
    Key Products and Services of Visa
    Target Audience of Visa
    Business Model of Visa
    What is unique about the Business Model of Visa?
    How does Visa make money?
    Conclusion
    FAQs

    How Visa Inc. Makes Money?

    About Visa

    Visa Inc. is a prominent global digital payment company that acts as the middleman in facilitating consumers, financial institutions, government, and other businesses. Visa’s services are available in more than 200 countries and territories across the globe.

    The American multinational corporation, Visa works as a financial services provider headquartered in Foster City, California, United States. Visa was founded by Dee Hock in 1958 as the BankAmericard.

    Visa is known as the second-largest debit and credit card payment corporation, after China’s UnionPay. This data is based on the number of card payments made and the number of card issues of the company, annually. Apart from this, Visa is the leading banking card company in the whole world, dominating around 50% market share of the entire card payments.

    Where does Visa Operate?

    Visa is a global payment company that serves more than 200 countries and territories, worldwide. It’s four secured data centers operated in Highlands Ranch, Colorado; Singapore; Ashburn, Virginia, and London, England.

    Key Products and Services of Visa

    Visa Inc. offers tons of services to its consumers such as clearing, authorization, and settlement services. Its major services and products are:

    • Services: Clearing, Authorization, and Settlement services. Moreover, mobile payments, top-up services, and money transfers.
    • Products: Visa provides its allotted credit cards, commercial cards, debit cards, prepaid cards, and other mobile and money transaction-based products.

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    Target Audience of Visa

    Visa majorly targets the people with a good income to spend and those who need credit points. The company targets its consumers through various channels such as banks or other financial institutions.

    The digital payment company believes in providing consumers with the utmost convenience of its stakeholders.

    Business Model of Visa

    Visa logo
    Visa logo

    Visa functions on a pretty different business model as compared to the conventional models. Who doesn’t have a Visa card nowadays? But it’s pretty amazing how its business model functions. The digital payment company, Visa is a publicly-traded company that comes in the listing of the New York Stock Exchange.

    Visa follows the Multiple sided platform- business model. It functions by spreading its card services everywhere. And the maximum the customer through a Visa card makes will be accepted by the merchants and vice versa.

    Visa mainly focuses its marketing campaigns on the customers holding Visa’s card and are the subsidy side of the company. Visa provides the best facilities for payment to consumers, businesses, and government organizations. In a further manner, Visa uses a proprietary transaction processing network of technology.

    What is unique about the Business Model of Visa?

    Visa’s mode of generating revenue is entirely different from any other organization. It functions with an open-loop system and follows a transaction-centric business model.

    Visa’s business model is based on connecting the consumers to the business owners as the middleman. Visa’s revenue generation isn’t based on the money made by the discount offers of merchants or consumer’s membership fees for issuing the card.

    Visa functions as a transaction-centric business model where it earns its revenue through the payments as well as transaction volume done from its personalized cards.


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    How does Visa make money?

    Visa charges little transaction fees from the merchants. Let’s suppose there is a certain amount the consumer transacted to the merchants. So around 2-4% of the total will be merchant fees. That 2-4% will be split between the consumers and the organization, based on the interchange fees. There is always a high risk of default payment by the consumer but the person with a Visa card keeps more generated money from the merchants.

    Visa generates its revenue from transactional processing, payment volumes, and value-added assistance including dispute management, issue processing, value-added information services, loyalty services, and many more.

    The revenue is distributed in four streams as Service revenue, International transitional revenues, data processing revenue, and other sources of generating more revenue.

    Conclusion

    Visa is an excellent digital payment company when it comes to serving customers promptly. Although it does make it the second-largest digital payment company after UnionPay of China. But apart from that, Visa is the first choice of everyone across the globe. It offers tons of amazing services to merchants, financial institutions, and others. Through this article, we got the knowledge on how the company makes its money as well as its business model. Stay tuned for more updates!

    FAQs

    When was Visa founded?

    Visa was founded in September 1958 by Dee Hock.

    What is the revenue of Visa?

    The revenue of Visa was 2,185 crores USD in 2020.

    Who is the CEO of Visa?

    The current CEO of Visa is Alfred F Kelly Jr.

    Who are Visa Inc competitors?

    Visa top competitors include:

    • Stripe
    • Mastercard
    • Capital One
    • PayPal
    • American Express
  • Ajay Banga: At The Fore Of Mastercard

    Technology, without any doubt, has undergone unfathomable advancement. The Banking segment forms the bloodline for economies. The role of credit and debit cards in this regard is paramount. While brands like Diners Club, Visa are popular, one cannot discard Mastercard. It is one of the biggest vendors of its segment. Ajaypal Singh Banga leads Mastercard from the front.

    Ajay Banga is an India-American business executive who is currently serving as the executive chairman of Mastercard. Previously, he was the President and Chief Executing Officer (CEO) of Mastercard until Michael Miebach took over from Jan 2021. Earlier, he was the President and Chief Operating Officer in the same organization.

    Ajaypal Singh Banga – Highlights
    Ajay Banga – Latest News
    Ajay Banga – Education
    Ajay Banga – Net Worth
    Ajay Banga – Professional Career
    Ajay Banga – Biography
    Ajay Banga – Mastercard
    Ajay Banga – Other Associations
    Management Style of Ajay Banga
    Ajay Banga – A Natural Leader
    FAQs

    Ajaypal Singh Banga – Highlights

    Name Ajaypal Singh Banga
    Born November 10, 1959
    Age 61
    Citizenship United States
    Education University of Delhi (BA), Indian Institute of Management, Ahmedabad (MBA)
    Occupation Executive Chairman, Mastercard
    Salary Total compensation at Mastercard is $23,250,000
    Net worth At least $208 Million dollars as of 14 July 2021

    Ajay Banga – Latest News

    22nd September 2021 – Mastercard announced that Ajay Banga, the executive chairman will retire on December 31, 2021, with current Lead Independent Director Merit Janow filling in as non-executive independent chair of the board, effective January 1, 2022.

    Ajay Banga – Education

    Ajay Banga, executive chairman of Mastercard, was born in Khadki, Pune, Maharashtra where his father was posted as an Army officer. His family hails from Jalandhar in the Indian state of Punjab. He did his schooling across India consecutively in Secunderabad, Jalandhar, Delhi and Hyderabad.

    Later, he went on to pursue graduation with a Bachelor of Arts (Honours) degree in Economics from the prestigious St. Stephen’s College, Delhi University followed by an MBA from the top B-School of the country, i.e. the Indian Institute of Management, Ahmedabad.

    In conversation with Ajay Banga, executive chairman of Mastercard.

    Ajay Banga – Net Worth

    The estimated net worth of Ajay Banga is at least $208 Million dollars as of 14 July 2021. Mr Banga owns over 60,000 units of Mastercard stock worth over $114,456,560 and over the last 12 years, he sold MA stock worth over $69,986,261. In addition, he made $23,250,000 as Chief Executive Officer at Mastercard.

    Ajay Banga – Professional Career

    Ajaypal Singh Banga served as the executive chairman of the Mastercard. Executive positions at Citigroup (1996-2009), including CEO, Asia Pacific region; Chairman and CEO, International Global Consumer Group; Executive Vice President, Global Consumer Group; President, Retail Banking, North America; and business head for CitiFinancial and the U.S. Consumer Assets Division Previous experience at Nestlé India and PepsiCo totalling 15 years, in roles of increasing responsibility.

    Ajay Banga – Biography

    Ajay started his career with Nestle India as a management trainee in 1981. In the next 13 years of his stay at Nestle, he leads a variety of assignments spanning sales, marketing, and general management. After his tenure at Nestle, he joined PepsiCo’s Restaurants Division and was instrumental in the launch of Pizza Hut and KFC in India.

    He joined Citigroup in 1996 as the head of marketing in India for its consumer business and served in multiple positions of increasing responsibility. The most iconic of them was the chairman and Chief Executing Officer of International Global Consumer Group, President of Retail Banking, North America and the business head for CitiFinancial and the U.S. Consumer Assets Division. He was the division executive for the bank in Central/Eastern Europe, Middle East, Africa, and India too.

    Ajay Banga has received several accolades, including the Indian civilian honour Padma Shri, which the Government of India conferred on him in 2016.


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    Ajay Banga – Mastercard

    Mastercard logo
    Mastercard logo

    During his tenure with Citibank, he moved to Hong Kong in 2008 to oversee the bank’s business in Asia—credit cards and consumer banking, wealth management, and alternative investments. In 2009, he returned to the United States to join Mastercard. After joining Mastercard, his task was clear—compete against a giant named ‘Visa’.

    While working with Mastercard, he worked with one of his best clients and identified a way to attract the youth. He redesigned the debit card product with its package of features, connecting to music, and the creation of a whole new marketing approach with the Commonwealth Bank of Australia. This proved to be the masterstroke.

    An area of development Mastercard chose to transform was e-commerce and transit fares. Mastercard also targeted the group which included young, trendy, and innovative people developing new ideas. The company also built for multiple banks and merchants new, innovative ways to pay for goods and services; one being the ability to scan bar codes from phones and converting the code into a purchase.


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    Ajay Banga – Other Associations

    Ajay Banga is a member of the Council on Foreign Relations and the Economic Club of New York. He is a member of the Foreign Policy Association and the Financial Services Roundtable. He chaired the Information and Technology Initiative.

    Banga is on the boards of trustees of Enterprise Communtiy Partners, Inc., the National Urban League, and the New York Hall of Science. Mr Banga was the director of the Council of Economic education too. He has a keen interest in social development issues and was named the 4th “Most Powerful Indian” in the world.

    He now serves as the executive chairman of Mastercard after stepping down from being the CEO in 2021.

    Management Style of Ajay Banga

    Since Ajay Banga has achieved almost everything a budding entrepreneur dreams of, his story has several takeaways. He describes himself as a passionate man who makes time to work on his endeavours.

    Although he leads a company that is synonymous with plastic, he always encourages his staff to use cash and keeps the workplace less intense.

    According to the man, the highest form of leadership is being well and performing well. The principle of being and doing good holds true for anyone and every organization. This is a powerful principle in business and the private sector. Banga says both the private and public sectors play a big role in bringing more people into the financial mainstream. This in turn consolidates the economy.

    Ajay Banga – A Natural Leader

    Ajaypal Singh Banga is endearing to many in the startup circuit. His ideas and strategies have been instrumental in the development of many Indian food chain industries. His tenure with multiple companies has enabled rapid growth for those organizations. In 50 years, he helped the economy sail through tough times. Ajay, the top gun at Mastercard is seen as a representative for India on the global platform, a visionary who motivates millions across the globe to emulate successful leadership.

    FAQs

    Who is Ajay Banga?

    Ajay Banga is an India-American business executive who was the President and CEO of Mastercard from July 2010 until December 31, 2020. He now serves as the executive chairman of the company.

    Who is the new CEO of Mastercard?

    Michael Miebach is the new CEO of Mastercard from January 1, 2021. He was previously the Chief Product Officer of the fintech.

    Is Mastercard an Indian company?

    No, Mastercard is an American multinational financial services corporation headquartered in New York, United States.

    What is Ajay Banga’s net worth?

    The estimated net worth of Ajay Banga is at least $208 Million dollars as of 14 July 2021. In addition, he made $23,250,000 as Chief Executive Officer at Mastercard.

    What is Ajay Banga’s education?

    Ajay Banga pursued his graduation with a Bachelor of Arts (Honours) degree in Economics from the prestigious St. Stephen’s College, Delhi University followed by an MBA from the Indian Institute of Management, Ahmedabad.

  • Mastercard to invest $100 million in Airtel Africa’s Mobile Money

    The global payments giant Mastercard has announced that it will invest $100 million in Airtel Africa’s mobile money business which runs under Airtel Mobile Commerce BV (AMC BV). Let’s look at the information regarding the deal and the future plans of the company.

    What is Airtel Mobile Commerce BV
    Recent Investments to Airtel Africa’s mobile money
    Future Plans of Mastercard in Africa
    FAQ

    What is Airtel Mobile Commerce BV

    Airtel Mobile Commerce BV is currently the company that undertakes and controls the major mobile money operations of Airtel Africa. The company also intends to operate and own all the mobile money business in 14 other countries of Africa which are operating under Airtel Africa.

    Airtel Mobile Commerce BV’s services are mainly focused on the unbanked market of the 14 countries of Airtel Africa. Their services include mobile wallet deposits, mobile wallet withdrawals, commercial payments, merchant payments, provision of loans, the opportunity for savings, benefit transfers, virtual credit cards, and international money transfers.

    Currently, the company has around 21 million users for its set of mobile payment services. The company had generated a revenue of $110 million in the recent quarter. They have an underlying EBITDA (Earnings before income, tax, depreciation, and amortization) of $54 million.

    Airtel Mobile Commerce BV operates one of the largest financial services in the continent. It has a valuation of around $2.65 billion.

    Number of customers of Bharti Airtel Limited
    Number of customers of Bharti Airtel Limited

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    Recent Investments to Airtel Africa’s mobile money

    Airtel Mobile Commerce BV received a recent investment of $200 million from TPG’s Rise Fund. The company will own a 7.55% stake in the Airtel Africa’s mobile money service company AMC BV.

    After closing the deal with TPG’s Rise Fund the company had plans to have a discussion on selling additional minority stakes of the company which will be around 25% of the issued share capital. They had plans to sell it to potential investors.

    Airtel Mobile Commerce BV had announced its most recent investor which is the global payments giant Mastercard. Mastercard has announced that it would invest an amount of $100 million in the company. The company will own a 3.775% stake in Airtel Africa’s mobile money business after the completion of the deal.

    The transaction of Mastercard is expected to close in two different portions. The first portion is expected to be closed at $75 million which will be finalized by the next 4 months and an amount of $50 million to be invested in the second phase.

    In addition to the investments, they received from TPG’s Rise Fund and the global payments giant Mastercard, Airtel’s Africa is raising funds by selling off some assets. It is reported that recently the company has sold around 1,400 telecommunication towers to Helios in Madagascar and Malawi. The transaction is expected to be $119 million.

    Both the companies Airtel Africa and Helios to trade tower assets in Chad and Gabon. The details regarding this transaction are not yet disclosed.


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    Future Plans of Mastercard in Africa

    Airtel Africa and Mastercard are two individual firms that are stronger to one another. Both the companies had already got into a deal in 2019. The deal provided an opportunity for Airtel Africa’s 100 million subscribers to receive access to the global network of Mastercard.

    There 2019 partnership did not have any money exchange. In the most recent deal of Airtel Africa and Mastercard has extended their commercial agreements and have signed a new commercial structure that is focused on improving their partnership in different countries around the globe.

    They are planning to concentrate on areas such as issuing of cards, payment processing, payment gateway, merchant acceptance, remittance solutions, etc. amongst the other services provided by the companies.

    The CEO of Airtel Africa Raghunath Mandava said, that they were pleased to welcome Mastercard as an investor in their mobile money business. He also added that, this partnership is a continuation of their strategy to increase the minority shareholding of the company’s mobile money business. He said that they have a further intention of listing the business in the next four years.

    The CEO also added that they are working towards strengthening their existing relationship with Mastercard which will help them realize the full potential of their considerable opportunity. This is to improve their financial inclusion in all the countries they are currently operating.

    Airtel Mobile Commerce BV’s plan of selling the minority stake of the company to Ride Fund, Mastercard, and other potential investors is based on the telecom operator Airtel Africa’s belief to raise enough funds to monetize its mobile money business.

    FAQ

    What is Airtel Mastercard?

    The Mastercard virtual card allows Airtel Money customers, to make payments to local and global online merchants that accept Mastercard cards.

    Is Airtel Money wallet safe?

    Airtel Money Wallet is an RBI approved payments wallet.

    Where is the headquarters of Airtel?

    The headquarters of Airtel is located in New Delhi, India.

    Conclusion

    The company’s efforts are to work towards the pursuit of investment opportunities, asset monetization, and ultimately reduction of debt in the company.