Reliance Industries Ltd has appointed Sundar Raman as chief executive officer (CEO) for its sports portfolio, according to a press release. The company did not disclose his joining date.
In his role as CEO, Raman, former IPL chief operating officer (COO), will be responsible for consolidation and integration of RIL’s sports portfolio including its foundation activities in sports. He will also be driving newer avenues of growth in this area.
Raman has over a couple of decades of experience in consumer space.
“Reliance existing sports properties coupled with its Jio digital services provides newer areas of growth. RIL has a huge aspiration in the sports area. The opportunity to be engaged in integrating the entire sports portfolio and make Sports also an integral and important element in RIL’s growth will be an exciting journey,” said Raman on his appointment.
Reliance Industries and IMG Worldwide formed a joint venture IMG-Reliance Pvt Ltd to provide infrastructure and coaching facilities in the country. Over the years, Reliance Industries has invested in a variety of sports properties and is involved in multiple sports including cricket, football, basketball, tennis, golf either on its own or through its joint ventures.
Reliance Industries, a $62.2 billion company, through its wholly-owned subsidiary IndiaWin Sports Pvt Ltd, owns Mumbai-based IPL franchise Mumbai Indians.