Television

TV18 appoints Sify's Surya Mantha as Web18 CEO

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MUMBAI: Television Eighteen group has appointed Surya Mantha as the chief executive officer for its internet business arm – Web 18. Mantha brings with him 15 years of experience that spans business management, consulting, product and service development, product management and marketing across a range of business and consumer software, hardware and services companies.
Prior to joining Web18, he was heading the interactive service business for Sify India based out of Chennai. He had also spent several years at RealNetworks in Seattle WA, USA, according to an official release.

TV18 group CEO Haresh Chawla says, "Mantha brings with him a unique combination of skills & experience spanning both technology and consumer understanding, particularly in the internet space. This will go a long way in establishing Web18's dominance in the consumer Internet space in India. We are also confident that his experience in a global environment will help scale up Web18 into the global league."

This follows close to the group acquiring three Internet companies - Cricketnext.com, Compareindia.com and Urban Eye, a web design and technology firm. The acquisitions will help the group consolidate its focus on the internet business further. This was the second round of acquisitions that Web18 has announced. The company acquired stakes in Yatra.com and Jobstreet.com India a few months ago.

The Indian Internet industry is on the verge of explosive growth. By 2008, the online user base is expected to grow to 100 million. Web18 has been consistently growing its Internet presence organically as well as through relevant acquisitions in the consumer Internet space.

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