Sharekhan

January 30, 2023

In line with our Vision 2025 document, Branch Network transformation was identified as one of the key projects to be delivered for the success of the master plan. As part of this, in 2021 and through 2022, we implemented the segmentation plan and reorganised the Branch Network staff around the four new segments. This year, we start with another key aspect of the Branch Network restructuring, strengthened by the mobility at the top level. We introduce a zonal structure in the Branch Network of Sharekhan wherein we have divided our Branch Network into four new zones to be managed by four Zonal Heads. All branches will fold up under these four zones and the zonal structure will replace the existing cluster organisation in the company. The entire Branch Network will be reorganised as below with effect from February 1, 2023.

Benefits of the new zonal structure are many

Creation of a strong governance framework in the Branch Network and a leaner hierarchy at the top
Preparation of the next level of leaders and freeing up of the bandwidth of the Zonal Heads for more strategic implementation
Group Heads having better control and productivity, being based near branches
Better integration and faster dissemination of consistent information for the success of Vision 2025
Easier implementation of the best practices of one zone in the other zones
Standardisation of the processes and practices across zones, leading to parity and transparency in the Branch Network system
More growth opportunities for the Branch Network staff, with meritorious Branch Managers and Relationship Managers moving up as Group Heads and Branch Managers respectively, subject to their willingness to get mobile and take up challenges in different territories
Improvement in collaboration across network teams
Optimum utilisation of branch resources leading to cost reduction

We are pleased to announce the new Zonal Heads for the above mentioned zones:

Nidhi Ambardar Zonal Head – North and East Zone	Nidhi to lead the North and East Zone Nidhi Ambardar has been promoted to the position of Zonal Head for the North and East Zone. Nidhi joined Sharekhan as a Dealer at the Head Office in 2000 after a brief one-year stint at her first job with Advani Share Brokers. Soon she moved to Sharekhan’s Branch Network as the Branch Manager of the Mumbai - Bandra branch in 2001. She was appointed a Cluster Head in 2007. She is credited with developing the Sharekhan brand in the Rajasthan region. Hers has been the second highest performing cluster across the Branch Network over the last five years and the highest performing cluster across clusters in terms of contests. A student of economics, Nidhi also holds a degree in Master of Management Studies and brings 23 years of work experience to the new role. She values commitment, integrity, honesty and agility, is empathetic yet firm, and counts effective communication, interpersonal skills and a keen sense of humour among her strengths. Reading and travelling help her unwind from a hard day’s work. Nidhi will be relocating to Delhi for the new job.
Anahita Vora Zonal Head – West Zone	Anahita in charge of the West Zone Anahita Vora has been promoted to the role of a Zonal Head for the West Zone. Her association with Sharekhan started in 2000 as a franchisee and within two years she got branded as a Sheru, when she joined the company’s Baroda branch as Branch Manager in December 2002. She set up new branches in the city and was promoted to the position of Cluster Head in 2007. She successfully developed Sharekhan in most of Gujarat. She also has a huge network of more than 500 Business Partners and her customer base is one of the largest bases in the Branch Network. Her cluster also has the highest number of traded clients and her team has been in the top 2 in all business contests of Sharekhan. An MBA with over 29 years of work experience, Anahita is a dynamic and energetic lady who works with a lot of commitment and integrity, values human relationships and believes in team spirit. In her spare time, she likes to cook, tend to her garden, or go gyming or for long walks to stay fit. Anahita will be relocating to Mumbai for the new job.
	Zonal heads for North-West Zone and South Zone to be hired: The Zonal Head positions for the North-West and South Zones will be based in Ahmedabad and Bengaluru respectively. We are in the process of filling the two positions externally. In the interim, Director and Chief Business Officer of Sharekhan, Parminder Varma, will manage the two zones with the help of the current Group Heads.

The four Zonal Heads will be ably supported by the Cluster Heads and Group Heads in their respective states.

We are also pleased to announce another important promotion in the Branch Network:

Hemendra Agarwal
Head – Client Acquisition

Hemendra to head Client Acquisition
Hemendra Agarwal has been appointed as Head -- Client Acquisition, Sharekhan. He fills the position that fell vacant following the exit of Geeta Ramesh last year. He has total work experience of more than 29 years of which 20 years have been spent in Sharekhan. He came to Sharekhan from Mefcom Capital Market in October 2002 as a Branch Manager and was promoted to the position of Vice President and Cluster Head in 2007 and to the position of Senior Vice President in 2019. He has been heading the cluster business for all verticals for nearly two decades now and has built a strong reputable presence of Sharekhan in the states he is responsible for. A graduate from Delhi University in Science and Mathematics, he also holds a certificate in computer applications. A self-confessed straightforward person with an open and fertile mind, Hemendra is a true sportsman at heart, and likes to read especially about business entrepreneurs like Aditya Puri and watch TV serials like “Chanakya” and “Krishna” in his free time. Hemendra will relocate to Mumbai for the new assignment.

All five new positions will report to Parminder and the role changes will come into effect from February 1, 2023.

We invite you all to congratulate the three Sherus and wish them success in their respective new assignments.

Thank you.

Best regards,


Jaideep Arora Director and CEO Sharekhan		Parminder Varma Director and CBO Sharekhan		Rajesh Shetty CHRO and Head – Internal Communications and CSR Sharekhan

Published by Team Internal Communications
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