Pradeep Parameswaran has been appointed as Uber India and Uber South Asia President. The post has been left vacant for over a month after Pradeep’s predecessor, Amit Jain has been appointed as Head of Uber’s Asia – Pacific operations.
Pradeep’s appointment comes just within his 1 1/2 year stint with Uber. He joined Uber in January 2017, after working as CEO of Den Networks. Prior to that, he was associated with McKinsey & Co. and Hindustan Lever.
Pradeep Parameswaran’s appointment rightly falls in the lines of Uber CEO Dara Khosrowshahi aims. The Uber CEO pledged that he would continue to invest in India for a long time, not worrying about the profits as of now.
In a blog post, the Asia-Pacific Head, Amit Jain said: “I’m delighted to announce Pradeep Parameswaran will succeed me as the President of Uber India and South Asia, effective immediately.” adding, “His leadership around safety initiatives and our driver community engagement has resulted in many firsts for Uber in India, and globally, including launching India’s first ride-sharing insurance programme,”
Besides India, Uber currently has a presence in few of the Asia Pacific countries including Australia, New Zealand, Japan, and HongKong. Uber sold its business in China to the local rival Didi Chuxing in 2016. It also sold its businesses in South East Asian countries to its rival (in those regions) Grab earlier this year.
Meanwhile, in India, the tug-of-war between Uber and Ola meant that both the companies are facing heavy losses year after year. Ola’s losses in FY 2016-2017 mounted to Rs 4897.9 crores, from Rs 3147.9 crores from the previous fiscal year.