Vodafone Group named Analjit Singh as the non-executive chairman of its India operations. Analjit Singh, one of the joint venture founders of Hutchison Max Telecom in 1992 that has now transformed into Vodafone, is chairman of Max India and its subsidiaries such as Max New York Life Insurance, Max Healthcare Institute and Max Bupa Health Insurance. He also holds 3 per cent stake in Vodafone India and has been involved with the telecom major since its inception in the country through joint venture. “Analjit has been a long-standing, reliable and trustworthy partner in India,” said Vittorio Colao, CEO of Vodafone Group, at his appointment. Analjit is set to step into the new role with effect from February 16, 2012 and the appointment comes only a few days after the Supreme Court ruled in favour of Vodafone in the income tax case relating to the Hutchison deal in 2007.The announcement comes days after the Vodafone group sold a stake to the Piramals, who now own 11% of the telecom company, and nominated its chief financial officer, Rajesh Laddha, on the Vodafone board. "The topline has been quite good, but now we really need to be focused on the bottom line," said Singh, who had relinquished his voting rights in the company when Vodafone acquired the Indian operator from Hutchison Essar in 2007. However, he continues to hold shares through Telecom Investments India, which holds nearly 25% in Vodafone India, the country's second largest GSM operator in term of subscriber.
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