Puma appoints Karthik Balagopalan as new MD for India

Category : Appointment/Resignation Published on: May 16 2023

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Sports company PUMA has appointed PUMA’s Global Director Retail and e-Commerce Karthik Balagopalan (42) as the new Managing Director of PUMA India, one of the company’s fastest growing markets.
He will succeed Abhishek Ganguly, who worked for PUMA’s Indian business for 17 years and has been the Managing Director of PUMA India since 2014.
Balagopalan will report to Puma CEO Arne Freundt and will be based in Bengaluru.
Balagopalan has been with the company since 2006. Prior to leading PUMA’s global DTC business, he held management positions in retail operations and business development at Puma India.
Balagopalan has worked for Puma since 2006 and has held a number of management positions in the business, including in business development and retail operations, as well as heading its direct-to-customer segment.
Puma reported sales of Rs 2,980 crore in the 2023 financial year.