Ravinder Takkar replaces Balesh Sharma as CEO of Vodafone Idea

Ravinder Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers where he is responsible for all Vodafone Group interests in India

The Board of merged telecom operator Vodafone Idea on Monday announced that it had accepted Balesh Sharma’s request to step down as chief executive officer (CEO) of Vodafone Idea for personal reasons. 

Ravinder Takkar, currently Vodafone Group’s representative in India, will be appointed as his successor with immediate effect. Over the past one year, Vodafone Idea has continued to be plagued by rapidly falling stock prices, dropping from Rs 32 same time last year to Rs 5.99 on the BSE when markets closed on Monday.

Sharma will be taking up a new role with Vodafone Group, which will be announced