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Startups

Komli Media appoints Rajesh Ghonasgi as CFO

10 May, 2012

Komli Media India Pvt Ltd, the Mumbai-based ad network and audience measurement services provider, has appointed Rajesh Ghonasgi as the chief financial officer.

His mandate will involve overseeing Komli Media's financial operations including corporate governance and mergers & acquisitions. He will also lead and expand the company's engagement with the investor community.

Till recently, Ghonasgi was with Persistent Systems as CFO and led the company through a successful IPO. He has more than two decades of experience in financial leadership and earlier worked with companies like S.B. Billimoria & Co, Wipro and Hexaware Technologies.

According to Prashant Mehta, CEO of Komli Media, "Ghonasgi has proven track records of successfully driving growth by exceeding business objectives at leading companies. His leadership will help Komli gain further scale to capitalise on the large and growing market opportunity in digital advertising."

An alumnus of the University of Mumbai, Ghonasgi has degrees from the Institute of Company Secretaries of India, Institute of Chartered Accountants of India and Institute of Cost and Works Accountants of India.

A few months ago, Komli Media acquired Admax Network, a South-east Asian digital media network, for an undisclosed amount. The acquisition was supposed to provide Komli with a diverse publisher network of 4,600 local and international websites, including Admax's exclusive sales partnership with Facebook in Thailand, Indonesia and the Philippines, and with MSN in Thailand. Komli is already a Facebook partner in India.

Besides Aktiv Digital and Admax, Komli had also acquired US-based mobile ad network ZestAdz within the span of one year.

Key investors in Komli include Draper Fisher Jurvetson India, Helion Venture, Nexus India and Norwest Venture Partners. The company has raised over $28 million in four rounds of funding over the past five years, with the last round of $15 million raised in January 2011.