Rearrangement In The Senior Leadership Positions by boAt. 

A leading homegrown brand in the wearables market, boAt recently announced a shuffling in the board of directors, making Vivek Gambhir the Chairman of the company and Sameer Mehta the CEO and Managing Director. The change in the leadership position may improve the boAt revenue and lead the company to better and more successful endeavours. Both Gambhir and Mehta have shown their dedication and sincerity towards the company and have made it sail through tough times. 

Vivek Gambhir: The New Chairman 

As the new Chairman of the company, Vivek Gambhir will look after the strategic matters, work on leadership and cultural development & future growth of the company, which will, in turn, be beneficial not only for the company’s growth but it will also make the boAt shares surge and generate significant returns to the shareholders. The proven experience in leadership can bring about substantial improvements in the boAt market value in the coming few years. 

After taking up the new leadership position, Gambhir remarked: “We are now the number two company globally in the wearables (earwear and smartwatches) space in addition to being a leading brand in multiple categories in India. It is a matter of great pride that a brand born in India is now among the top brands in the world. And I am excited about the next phase of boAt, under the co-founders’ visionary leadership,”

Sameer Mehta: Co-Founder Turned CEO & MD 

The co-founder of boAt, Sameer Mehta, is ready to step up as the CEO and MD of the company, ensuring that the company runs on lines of development and that the employees’ functioning syncs well with the company’s overall goals. After assuming the position of MD and CEO, Mehta remarked:

“In early 2021, we approached Vivek to join and guide us in our scaling-up journey and prepare us to think and act like a bigger company rather than as a start-up. The past several years have been a period of significant learning and growth with Aman and I working closely with Vivek to run the company,“. Sameer brings a good deal of expertise to the team as he served as the MD and CEO of Godrej Products for about seven years.

Such reassuring comments and the proven expertise of the leadership gives an optimistic outlook for the growth of boAt revenue and the company’s overall development. 

A Stepping Stone In Perpetual Success 

The variations and changes in the leadership are just one aspect of the growth strategy. The company took to multiple methods to enhance its market value, the effect of which will fall down to a rise in the boAt share price. The change in leadership is one of the many efforts to reach the epitome of success by the homegrown wearable (earphones and smartwatches) brand. This attempt at shuffling leadership is made to utilise expertise and human capital optimally. 

Along with human capital, in an attempt to improve boAt market value, Imagine Marketing Limited, the parent company, also filed DRHP for an IPO of Rs 2,000 crore, out of which a fresh issue of 900 crores and an offer for sale for Rs. 1,100 crores is expected by the company. The company will also likely raise Rs. 180 crores via a pre-IPO placement. 

The revenue and profit figures of the company have also shown a significant improvement in the past few years. The revenue from operations by the end of the financial year 2022 will improve by 2.2x as compared to the previous year. The revenue increase from audio devices has increased by 85.3 % compared to the earlier years. 

A Trickle Down On boAt Shares

Due to the advancements in the growth plans by boAt, the effect can be gauged in the company’s share prices in the unlisted market domain. After experiencing considerable fluctuations, the boAt unlisted share price is Rs. 785* currently and is expected to grow in the coming few years owing to the growing reach and demand of the homegrown brand’s products is one of the reasons for good growth potential in boAt shares. Along with this, the company has a trusted group of shareholders, making the boAt shares a more attractive and lucrative option for the shareholders and interested people in buying and selling unlisted shares. 
If you want to become a part of this growing trend and make exponential profits in the company’s growth, you can buy boAt unlisted shares and earn significant ROI as the share price changes. If you want to buy and sell unlisted shares of the leading companies across multiple industries, Stockify is one of the best platforms to find the updated prices of the trending unlisted shares in different industries. Make trading simpler with the expertise of the best stock traders.