Following several high-profile departures in the key overseas market, Meta has appointed a new head of its India business.
Devanathan, who joined the firm in 2016 and helped build the company's Singapore and Vietnam businesses, has been promoted to head and VP of Meta India. The person is Devanathan. Devanathan became the company's gaming leader in the Asia-Pacific region in 2020.
Devanathan will be reporting to Neary, Vice President at Meta Asia-Pacific. India executives used to report directly to the U.S. leadership, but that is no longer the case.
While continuing to support the longterm growth of Meta's business and commitment to India, Devanathan will focus on bringing the organization's business and revenue priorities together.
India is identified as the largest market by users by the American giant.
Hundreds of millions of users have been added to Facebook's family of apps in India. It has made a number of ambitious investments in the country, including cutting a $5.7 billion check to Indian telecom giant Reliance.
India is at the forefront of digital adoption and Meta has launched many of their top products in India. Marne Levine, Chief Business Officer of Meta, said in a statement, "We are proud to have recently launched the first end-to-end shopping experience in India, on the messaging platform of choice for Indians."
Sandya is our new leader for India. Sandhya has a proven track record of building businesses and driving innovation. Meta's growth in India is great for us.
Meta has seen a number of key departures in India recently. The former head of Meta India left the firm late last month to become the president of the younger firm's Asia-Pacific business.
The head of WhatsApp India and the head of Meta India have resigned.
Meta has grown its finances in India in recent years, but the company has yet to pick up the pace of growth in the country's mobile payments market.
The biggest failure of India's tech industry has to beWhatsApp Pay. It's as easy to send pictures on UPI as it is to send money onWhatsApp. He said it should have beaten all three of them.
The National Payments Corporation of India, the payments body that oversees the popular UPI instrument, has not given the go-ahead for the mobile payments service to be extended to its entire user base.
There are 100 million users in India who will be able to pay for things on the messaging service. Some users of the app criticized the company for not putting enough safeguards in place to stop businesses from bombarding them with messages.
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