Boat has Reorganized its entire Upper Management.
Popular electronics brand- Boat headed by Aman Gupta and Sameer Mehta has recently reorganized its entire upper management as its plan to go public with its Rs. 2000 crore IPO. Boat’s Chief Executive Officer Vivek Gambhir informed that in order to manage the company in an effective and efficient manner the electronics company has created new positions in its Management last year and has hired aggressively for these posts. He also told that the company hired 110 employees last year taking the total to 300. He in his statement said: “I think, at this stage we have to figure out what’s the right kind of talent that can allow us to think about becoming a ₹5,000-10,000 crore company… So the talent we are bringing in now is honestly to help us prepare for the future while providing strong opportunities for our existing talents.” He further said that the company has achieved the mark of Rs. 1500 crore in revenue but he plans to take further ahead. Gambhir further said: “The founders have also now become a little bit more specialised and focused on their roles because in the initial phases of any company’s journey founders tend to do everything. But beyond a certain scale what you also want to do is ensure that people are actually focused on their strengths and also become a little more specialised… So the founder's roles have also changed over time.”