Tips Industries Limited (TIPS), a public-listed music-company, has announced the appointment of Hari Nair as the company’s new Chief Executive Officer.
Hari brings in 25 years of overall experience, of which last two decades in the music ecosystem and earlier in IT services. With this appointment, TIPS aims to strengthen its core leadership team, focus on driving revenues further, be it increasing its music distribution capabilities or expanding into new domains of music monetization, according to the statement.
Hari will be responsible for leading the company into its next phase of growth, amidst the fast-changing digital trends and vibrant content ecosystem in India’s entertainment industry, a statement said.
On this appointment, Kumar Taurani, Managing Director – Tips Industries Limited commented, “We are extremely delighted to appoint Hari as our Chief Executive Officer. Hari has 360-degree experience of music ecosystem: starting from music distribution companies like Soundbuzz & Mauj Mobile, to heading digital business for a global music company Sony Music India, and then leading performance rights organization PPL India’s digital transformation. His last global multi-regional exposure in ByteDance ecosystem, launching their music streaming service Resso first in India, and the overall TikTok experience is a great value addition for TIPS. With this experience hand being added into our core teams, combined with our strength in music content creation and acquisition, we aim higher revenues and continue to deliver value for our shareholders”.
Joining ByteDance in 2019, Hari led the South Asia region for music partnerships and licensing for all ByteDance apps like TikTok, Resso, Helo, Capcut, etc. Further, Hari was entrusted with a larger multiregion role (Middle East, Africa, Turkey and South Asia) for Artist Services division at TikTok, where he was primarily responsible for launching SoundOn (music distribution service), drive the business P & L for the region and also ensure supporting local artist / music labels. His music journey started with Asia’s first online music store “Soundbuzz”, which was acquired by Motorola, according to the statement.
Speaking on his new role, Hari Nair said, “I am absolutely delighted to become a part of the TIPS team. It is an honour for me to lead an organization with quality music catalogue, focused content acquisition strategy, and a stable-plus-steadily-growing-market-share music company. TIPS continues to deftly navigate through India’s ever-evolving digital landscape, thanks to the promoters’ experience, and a clear vision. The company’s brilliant track record of profitable growth speaks volumes about its management’s endeavour to maximize shareholder returns. As the company stands at a pivotal juncture in its journey, I am humbled and equally excited to be a part of this aggressive journey. I would like to extend my utmost gratitude to Kumar Taurani – CMD and the Board members, for showing faith in my candidature to lead this company.”
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