Mashreq Appoints Mohua Sengupta as the

        Mashreq Appoints Mohua Sengupta as the Managing Director for Mashreq Bangalore

Mashreq, one of the leading financial institutions in the UAE, has announced the appointment of Mohua Sengupta as the new Bangalore based Managing Director for Mashreq’s remote working campuses in India, Egypt and Pakistan.

 

Mohua will lead Mashreq’s remote working campuses in India, Egypt and Pakistan. She will collaborate with all group functions to enable and develop them into market leading talent and services platforms, to service the strategic, digital and operational requirements of Mashreq globally.

Mohua is a seasoned IT, banking and financial services industry veteran. She joins Mashreq from 3i Infotech, where she was Executive Vice President and Global Head of Services and was responsible for overseeing the services business unit. She was also the Member of the Management Council at 3i Infotech, responsible for the strategy and overall growth of the organisation. Prior to that, she was the Senior Vice President and Global Head of BFSI at ITC Infotech. Mohua has also held leadership positions at iGATE, MPHASIS and Accenture where she created revenue drivers, built organizational competency, and enhanced customer experience.

 

Commenting on the appointment, Mark Edwards, Group Head of Operations, Mashreq Bank said, “We are very pleased that Mohua has joined Mashreq to lead our remote working campuses in India, Egypt and Pakistan. The recent widespread changes in working practices has presented an opportunity for us to create the best digital remote working experience for our employees, ensuring that we can continue to provide the very best digital banking experience for our customers.  We are confident that Mohua, with her rich and diverse experience, together with Mashreq’s proven agile way of thinking and acting, will be able to successfully lead our efforts in building a world class work from anywhere platform for Mashreq globally.”

 

Speaking about her new role, Mohua Sengupta, Managing Director, Mashreq Bangalore said, “I am delighted to be part of the Mashreq family. For over 50 years, Mashreq has been powering the future of banking using the latest technologies in data, software, intelligence, robotics. Today, the global financial and technology landscape is extremely dynamic and exciting. I look forward to collaborating with the diverse Group functions at Mashreq to further reinforce its position as a global pioneer, creating the best experiences for our employees and customers with innovation and agility at core.”

Bengaluru continues to be one of the leading drives of

 Bengaluru continues to be one of the leading drives of office space leasing in India: JLL

 ·         During H1 2020, Bengaluru remained the strongest market for office leasing; witnessed an overall absorption of approx. 7.5 million sq. ft.

·         The city is likely to witness new supply of at least 4 malls between 2021 and 2022 with over 2.55 million sq ft

·         E-commerce, BFSI and pharma / healthcare are contributing to nearly 50% of the overall absorption

·         The city has remained a landlord favorable office market for several years now.

·         CBD & ORR (Z1-Z3) are the most preferred micro markets for occupiers & have shown strong resilience even during the pandemic year

 

The uncertain economic scenario has forced corporate finance heads to look at real estate assets as a source of funds so that the businesses can reduce the debt. Amidst the current unprecedented economic situation, Bengaluru continues to be one of the leading drives of leasing in India, according to JLL.

The IT hub of India, Bengaluru witnessed largest ever influx of FDI in commercial real estate market as marquee foreign real estate funds reportedly invested approximately USD 4 billion to increase their portfolio of core assets, reflecting the underlying resilience of the market.

“Bengaluru continues to dominate office leasing market with an overall net absorption of ~7.5 million sq ft in 2020. The overall vacancy level of sub-10% has helped this segment weather the 2020 challenges. While the vacancy is likely to rise to 13-14% in the coming year, interestingly, the new demand led by large e-commerce companies, BFSI & healthcare sector occupiers has also witnessed a sharp rise with a number of large occupiers evaluating additional growth and consolidation”, said Rahul Arora, Managing Director (Bengaluru), JLL India.

“The city has remained a landlord favorable office market for several years, with slowdown in construction & lack of funding, this trend is expected to continue”, he added.

Bengaluru continues to remain strongest market for office leasing

While H1 2020 witnessed a countrywide slowdown in leasing activity owing to the pandemic and nationwide lockdowns, Bengaluru continued to remain the strongest market for office leasing and witnessed an overall absorption of approximately 7.5 million sq ft. While, approximately 11 million sq ft was expected to be added, just 9 million sq ft was completed in during the year as developer focused on pre-committed spaces and went slow on the speculative space. Many small to mid-sized occupiers terminated spaces within the CBD & SBD markets which led to an increase in the overall vacancy

Bengaluru has remained a landlord favourable office market for almost 5 years now, overall vacancy level of sub 10% helped this segment weather the 2020 challenges. The vacancy levels are expected to rise to 14%. Markets such as ORR (Z1-Z3) and SBD City continued to be the most preferred micro markets for occupiers, markets such as Whitefield, North Bengaluru (N2) and West Bengaluru continued to witness increase in vacancy levels or stagnation of rentals with limited occupier interests. The headline rentals across the city remained stable with developers offering softer commercial terms such as extended rent-free periods.

Demand drivers in Bengaluru continued to be e-commerce, BFSI and Pharma / Healthcare companies contributing to nearly 50% of the overall absorption.

Bengaluru has fast turned into a land of opportunities owing to the growth of Auto and ancillary, warehousing, EV and Aerospace Sector

Post pandemic industrial enquiries flowing into the state has significantly increased. Across – Auto and ancillary, EV and Aerospace Sector. Bengaluru absorption has been predominantly been led by E-commerce warehousing and 3PL players, this trend will further continue over the years owing to growth of e-commerce penetration with the growing importance of city warehousing to meet the last mile logistics demand.

YAAP onboards new clients, offers appraisals and perks to

 YAAP onboards new clients, offers appraisals and perks to employees and continues
aggressive recruitment amidst the pandemic

The digital content company won over 20 new accounts during COVID and is currently hiring for more than 12 new positions across 3 cities

With its vision ‘Built For Now’, YAAP, a new-age specialized content design, discovery & distribution company, has won over 20 new businesses and 4 awards in the last few months. The clients onboarded are largely from BFSI, travel & tourism, government and gaming sectors covering names such as NPCI, Mobile Premier League, NITI Aayog, Meghalaya Tourism and Dubai Fitness Challenge. YAAP will be responsible for the content strategy & development, influencer marketing, media buying and social media of these new mandates.

Owing to the unpredictable market situation where industries are collapsing and employees are in continued distress due to pay cuts, YAAP continues to celebrate its employees’ efforts with no pay cuts and no layoffs. Moreover, appraisals have been conducted.

A company that is ambitious towards servicing its clients to the best, has opened 12 new positions across sales, creative, servicing and strategy. YAAP is looking for people who are striving towards a collective goal no matter the odds.

It is said that every new phase often comes with hurdles. With this, YAAP would like to announce that Irfan Khan has moved on from the company. He was a partner at YAAP where he was responsible for the influencer marketing vertical, new business development and overall operations of the company. Manan Kapur, partner at YAAP will be taking on the influencer marketing business.  

Sharing his views on the company's novel moves, Irfan Khan, Partner, YAAP, said, "In my time at YAAP, we achieved the growth trajectory few companies have, especially in the content and influencer marketing space. We successfully led some of the biggest content-led activations across India and the Middle East. It's always bittersweet to leave a place enjoyed and helped nurture, but today we have a solid foundation that has been set. I'm positive the team will take it to greater heights in the near future.”

Manan Kapur, Partner, YAAP, said, “The past year has seen a drastic shift in the status quo, and YAAP was no exception. This change meant we had to be more agile and adapt to the new normal while keeping our team, our clients & our partners as our primary priority. And now, as 2020 comes to a close, we have an ever-expanding team, we’ve forged many new relationships and we’re entering the new year stronger than ever, because of our unfaltering passion and our unwavering vision. I look forward to adding influencer marketing to my responsibilities and build on the strong foundation set by Irfan.”