VerSe Innovation has appointed Rohit Sandal as its new Chief Human Resources Officer, following Maya John’s departure. The company aims to drive talent growth and achieve breakeven with AI-powered products amidst recent operational restructuring.
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VerSe Innovation, the parent company behind the popular content platform Dailyhunt, has recently appointed Rohit Sandal as its Chief Human Resources Officer (CHRO). This leadership change marks a strategic step for the company amid its ambitious goals to enhance talent management and drive profitability through AI-powered products.
Leadership Transition at VerSe Innovation
The appointment of Rohit Sandal follows the departure of Maya John, the outgoing Chief People Officer, who has moved on to pursue new opportunities outside the company. Sandal’s arrival is expected to strengthen VerSe Innovation’s people strategy as the firm navigates a phase of transformation and growth.
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Rohit Sandal brings with him extensive experience from global technology companies such as Freshworks, Lenovo, and Dell, where he led large-scale people initiatives. His expertise is well-aligned with VerSe Innovation’s focus on balancing technology innovation with human capital development.
VerSe’s Business Performance & Strategic Shift
Alongside this leadership change, VerSe Innovation reiterated its near-term ambition to achieve breakeven in the second half of the fiscal year. This target is supported by its diverse product portfolio, including key offerings like NexVerse.ai, Dailyhunt Premium, and Josh’s audio calling and storytelling features.
The company recently underwent a significant operational restructuring, including the layoff of approximately 350 employees, to streamline processes and focus more sharply on AI-driven transformation and profitability.
Financial Overview
Although VerSe Innovation has yet to release its FY25 financial results, previous data highlights a challenging market environment. In FY24, the company experienced a 7% decline in operating revenue, falling from Rs 1,356 crore in FY23 to Rs 1,261 crore. This revenue downturn was attributed by co-founder Umang Bedi to a “sluggish advertising market.”
Rohit Sandal on Joining VerSe Innovation
Expressing enthusiasm about his new role, Rohit Sandal shared:
“VerSe Innovation is redefining the digital content experience for Bharat and beyond. I am excited to be part of a mission-driven organisation that places equal importance on technology and people. I look forward to partnering with the founders and the broader leadership team to amplify our talent strategies and foster an environment where every individual can thrive and grow with impact.”
Future Prospects for VerSe Innovation
With Rohit Sandal’s appointment, VerSe Innovation is strengthening its leadership team to support its evolving business goals. The company’s focus on innovative digital content offerings combined with AI-powered tools positions it well to capture market growth opportunities while optimizing internal operations.
As the company advances towards breakeven, effective human resource management and operational efficiency will be critical. Sandal’s expertise offers VerSe Innovation the capability to cultivate a thriving workplace culture that fuels sustainable growth.
Key Takeaways
- Rohit Sandal named Chief Human Resources Officer at VerSe Innovation, succeeding Maya John.
- VerSe Innovation aims for breakeven in H2 of the fiscal year, driven by NexVerse.ai, Dailyhunt Premium, and Josh.
- The company recently laid off 350 employees to focus on AI transformation and profitability.
- FY24 revenues declined 7%, from Rs 1,356 crore in FY23 to Rs 1,261 crore, amid a sluggish advertising market.
- Sandal’s leadership expected to enhance talent strategies and foster growth-oriented culture.
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