Bharti hires Raj Jain as advisor

Written by fe Bureau | New Delhi | Updated: Oct 10 2013, 10:14am hrs
While the break-up of the Bharti-Walmart JV was expected to an extent, what really came as a surprise was the appointment of Raj Jain, the former India head of Wal-Mart and CEO of the the JV, as an advisor to the Bharti Group on Wednesday. A Bharti Group spokesperson confirmed the appointment. Sources said that in his role as advisor, Jain would look after the groups retail business.

The appointment will be effective soon, but I cannot share the details of my role right now, Jain said.

The development is significant because Jain was eased out as the head of the JV firm and Wal-Mart India head in June and replaced by Ramnik Narsey. Though the exact reason for Jains exit was not disclosed by Wal-Mart, it came at a time when the company was being probed over allegations of corruption in foreign markets, including India.

Prior to Jain's exit, Wal-Mart had also sacked CFO Pankaj Madan, who was also later hired by Bharti Airtel.

Jain had joined Walmart in 2006 and was named head of Wal-Mart India in 2007. During his tenure, the company set up the wholesale cash-and-carry joint venture with Bharti Enterprises, back-end services and consulting businesses.

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