Amarjit Singh Batra, the CEO of OLX India, would be moving within Naspers. Amarjit had joined OLX in the year 2008 and had been instrumental in transforming the South American multinational into a household name in India. According to the press release received by People Matters, he was the first employee of the company and built the India business from scratch to a 550 strong team.
Batra, through his leadership and entrepreneurial drive, ensured that OLX, along with its biggest competitor Quikr transformed the online classifieds space in India. Last year, OLX had introduced a much more improved version of their app which was focused on being more social, secure, and making the buying and selling of items easier for the users. Currently, OLX is the market leader in India when it comes to consumer-to-consumer classifieds business, as claimed by OLX India.
The global CEO of the OLX group, Martin Scheepbouwer said, “I started working with Amar five years back when I joined Naspers, and he has impressed me with his entrepreneurial drive, passion, focus and his ability to deliver on big challenges. India is a huge and diverse market, and the way OLX India has shaped up to become an indisputable leader in the horizontal classifieds space is a testimony to Amar’s vision, strategy, and execution.”
On moving within the Naspers group, Batra said, “I feel like I have achieved the mission I took up nine years back, and that the time is opportune to end this leg of the journey and take up a new challenge. Naspers has a wide footprint and several exciting opportunities in emerging markets that I am exploring at the moment.”
OLX is an Argentinian conglomerate with operations in 45 countries across the world, and a major player in India, Pakistan, Brazil, Poland, Portugal, and Ukraine. In 2004, Naspers had bought shares in global OLX Group in the year 2010.