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Puma appoints Karthik Balagopalan as new MD for India

Category : Appointment/Resignation
Published on: May 16 2023 Share on facebook

  • 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.
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