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Meta appoints Arun Srinivas as MD and Head for Meta in India
- Meta appoints Arun Srinivas as the managing director and head for Meta in India.
- He will assume the new role effective July 1 and report to Sandhya Devanathan.
- Srinivas will focus on business, innovation, and revenue priorities to serve partners and clients.
- He will strengthen strategic relationships with leading brands, advertisers, developers, and partners.
- Srinivas joined Meta in 2020 and was later promoted to lead the ads business in 2022.
- India is Meta's largest user base globally and a strategically important region for the company.
- Meta's India business saw strong financial performance in fiscal 2024.
- Net profit rose 43% year-on-year to Rs 504.93 crore.
- Revenue from operations increased 9.3% to Rs 3,034.8 crore.
- Gross advertising revenue reached Rs 22,730.7 crore.
- Sandhya Devanathan, Vice President (India and South East Asia), Meta, commented on Srinivas' appointment.
- Srinivas brings nearly 30 years of experience in consumer and enterprise leadership.
- India is a leading geography for developer adoption of Meta's Llama language models.
- Arun Srinivas will lead Meta's India charter and drive growth in the market.
- Meta and India are collaborating on AI adoption, WhatsApp, and Reels.
- Arun Srinivas's appointment represents a significant leadership move for Meta in India.
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