Times Internet’s Gautam Sinha On Turning A Legacy Media Company Into A Conglomerate Of 37 Digital Startups




Times Internet’s Gautam Sinha On Turning A Legacy Media Company Into A Conglomerate Of 37 Digital Startups

Gautam Sinha, CEO of Times Internet, the virtual arm of the Times Group, is no beginner to tech. Right from his engineering days at the same time as pursuing Computer Science from BIT, Ranchi to working in DRDO with the overdue Dr. Abdul Kalam from 1986 -1991 in his incorporated missile development programme and afterward to pursuing an MS in Computer Science from the University of Iowa and running in an AI agency to walking his first startup CashEdge and now – serving as a Chief Executive Officer at Times Internet – Gautam has continually felt the need to make contributions and companion with Computer Science.

“Computer science was a new field in 1982  which turned into very new, at that point in time. It showed a whole lot of promise then.  I continually desired to turn out to be an entrepreneur and Computer Science turned into the quickest manner to attain there,” starts Gautam.

Thus, it hardly comes as a wonder that during his over nine years of association with the Times Internet group, Gautam together with Satyan Gajwani , CEO, has been actively involved in converting its DNA from a media agency to a conglomerate consisting of main big-scale digital businesses. With manufacturers as various as TOI, ET, Magicbricks, Gaana, Dineout, Cricbuzz, Haptik, CouponDunia, ViralShots, Smartapp,ET Money, and Databack beneath its umbrella, the TIL organization now claims to cover more than 50% of India’s Internet consumer base.

And Gautam’s mission is cut out. “Our intention is to have satisfied engaged users within the virtual arena.”

In a candid conversation with Inc42, Gautam well-knownshows how the TIL institution has transitioned through the years from a media company to a virtual product business enterprise and what went in the back of it. And one most important enjoy at the back of this power has been Gautam’s personal personal enjoy with a startup and his affiliation with marketers.

From A Payments Startup To A Media Conglomerate

Gautam’s stint with entrepreneurship started out in 1999 with US-based CashEdge – a bills startup which supplied on line finances transfer and private economic account aggregation services to monetary institutions. Prior to joining CashEdge as a COO/CTO, Gautam had raked in a whole lot of revel in in diverse disciplines. He invested as an angel within the enterprise which was founded by way of his colleague Sanjeev Dhar and Dilip Venkatachari.

After building compelling products and technologies for businesses in the US and Canada, CashEdge turned into sold to Fiserv Inc.- an American company of economic offerings generation, in 2011, for $465 Mn. Working at CashEdge is how Gautam recognize marketers – how they suppose, how they examine, and what their motivations are.

In 2007, he moved to India however changed into reluctant to work for an MNC. He explains, “I did now not need to work for an MNC due to the fact, as in keeping with me, in case you aren't close to headquarters, you are not running on the proper things.”

Media changed into some thing that he had by no means worked with and he notion why now not deliver it a attempt. Thus, in 2007, he commenced his tryst with the Times Group as its CTO.

He quips, “Honestly ,my thought became given that I haven’t worked in an Indian business enterprise, I may not even final multiple months.”

But 9 years later and Gautam’s affiliation with the TIL group has simplest grown stronger. This yr, in March, he in the end became the CEO, taking his affiliation a robust step further.

Transitioning From A Media Company To A Digital Product Company

When Gautam joined Times Internet, it changed into an extension of a media organization and like different legacy media businesses, it used to outsource its entire tech requirements. So considered one of his first demanding situations became to outline what tech can do for the organization.

“A lot of Indian corporations haven't any clue what a CTO or CIO does and TIL turned into considered one of them. They have vague notions of a CTO’s position! So bringing that readability to an organisation about those roles, how all of them make contributions to the business, became my preliminary function,” he explains.

A lot of Indian groups have no clue what a CTO or CIO does and TIL became one in every of them.

So even as media as an entity become doing moderately nicely, the group did not want to restrict themselves to it. Thus in 2012, it become decided that TIL would transition to a complete stack virtual products agency.

The concept was simple. “We need to be a virtual product and tech organization which offers us the playfield to go anywhere. And that still commenced to trade the DNA of the organisation. The second you are saying want to be a product organisation, you need to pass very rapid. The exceptional of groups needs to be excellent,” explains Gautam.

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Thus, began the restructuring exercising and along it with different tasks to build a conglomerate of virtual corporations. One of them changed into the TLabs initiative – a startup accelerator – that become released in 2012. The concept process became easy – if TIL changed into to be converted, it had to have as many entrepreneurs around it. TLabs became one of the mechanisms to result in a cultural alternate given the truth that a tradition of employer this old could not alternate overnight.

Says Gautam, “Cultural transformation at minimal is a five years process. We made modifications structurally to empower all and sundry. In one model of the agency, the whole lot become centralised. Now we all of sudden wanted to move to a position such that no choices should come to the COO or the CEO. If I am able to delegate the entirety to the proper people, the corporation can scale faster.”

This became the idea which lay the floor for going for walks the 37 agencies that it has these days that can develop to 100 going ahead. What changed into vital to maintain this boom changed into the first-class of humans in addition to instilling a lifestyle that rewards people who carry out.

Building Independent Businesses Under An Umbrella Brand

Gautam believes that there is great opposition outside the logo. And as a way to exist, you need to be higher than all and sundry and every person who is competing. One have a look at the folks who are competing from outside shows they're startups – led via young, hungry entrepreneurs- those who want to do matters at a rapid tempo. And that’s what precipitated TIL also to appoint enterprise heads that have what you call “ startup DNA”

“Take TOI as an example. Puneet Gupt, COO, TOI Digital (in advance with Unicon Financial Intermediaries Private Limited)is an IIT Delhi alum. Similarly, Prashan Agarwal, COO Gaana, (earlier with PropTiger) is from IIT Kanpur. They include a degree and a starvation to take possession. Most of the humans we rent have this common thread – they need to attain more,” says Gautam.

He adds that once TIL made the transition from a media corporation to a virtual agency and bringing in greater entrepreneurs, the average age of a standard enterprise worker commenced to turn out to be younger – and this become a sluggish, implicit technique. As per him, this age institution has grown up knowledge and eating what TIL produces. They are not frightened of pronouncing ‘that is what I want to acquire.’ They are not seeking out retirement. Hence, TIL was efficaciously capable of change the share of folks that wanted to do more.

He adds that those are the those who don’t care what the umbrella emblem is, they need to compete as though it’s their personal commercial enterprise. That’s what TIL advocated in all its groups – obtained each organically and inorganically because it brought agencies like CouponDunia, Dineout, Cricbuzz, and others beneath its fold.

Gautam says that, usually, what happens whilst a big agency acquires a small employer is that the small organization dies off due to the cultural imposition. So TIL endorsed all obtained companies to

keep their subculture and now not move into TIL workplaces and  for the enterprise heads to create their own culture within TIL. And that is now manifested with the aid of the reality that within TIL itself, exclusive corporations have one of a kind cultures – be it office timings or the colours in their office partitions!

Another issue that TIL did to help build and assimilate those agencies under its umbrella became to experiment with HR throughout this time. In any conflict, HR facets with the control, not the employees. But when the directive is to change the culture, you want HR to take the aspect of personnel and apprehend their issues. So TIL went ahead and employed an entrepreneur to run HR to apprehend what the groups want and not what protects the management.

Says Gautam, “We went via three years of transition so that HR should apprehend the business angle better. The whole concept was that in order to live real to our vision of changing subculture, we desired to exchange things so that you can a have significant impact.”

So nowadays, almost absolutely everyone is an entrepreneur inside the team in how they reflect onconsideration on their commercial enterprise or the way they plan.

The Advantages Of Being An Umbrella Group

While agencies operate as unbiased entities inside the organization, there is no denying the truth that being part of the TIL Umbrella comes with its own blessings. For starters, the organization has a higher capacity to negotiate content material as compared to a startup. All person corporations also have get right of entry to to a valuable platform-like identification, loyalty, ad-tech(Colombia), CMS and so on. It also results in standard decreased fee of going for walks a business – which Gautam claims is sort of one-third of TIL’s closest competitor.

Also, considering that TIL is competing for customer time, having 37 touch factors in its fold manner that it can have interaction clients across anywhere the consumer hobby lies – be it information or track or following a recreation or dining out or utilities.

But the most important gain lies in the extended attain and what follows it - monetisation.

But the largest benefit lies inside the prolonged reach and what follows it – monetisation.

Gautam recounts that as a media employer in 2012, it changed into all approximately reach and engagement. At that time, user perspectives stood at fifty four Mn. Today, they're over 178 Mn particular user views. The second the group transitioned from a media corporation to a virtual product enterprise, it had the capacity to monetise its attain even better. That has been made possible through its adtech platform which permits the organization to transport customers across groups depending on his hobby.

Explains Gautam, “If you observe CouponDunia or Dineout in our portfolio, a big part of them may be classified as utilities and transactions to various extents. We have 37 corporations however the audience is unified. If we can flow a user from Cricbuzz to Dineout, our potential to monetise that user is super. If I apprehend the interest of that person, I can nudge him to many other groups. So my price of customer acquisition gets slashed by way of as much as a aspect of 10 and my monetisation or lifetime fee of the person multiplies tenfold. Thus, the energy of the platform acts as a force multiplier for all of the organizations.”

He explains in addition by means of invoking the idea of toothbrush apps – apps which might be dependancy forming and used every day. So if the institution brings its reach to convert the average user to these apps, monetisation will increase a couple of instances. To facilitate this, the platform has been taking pictures all of the interactions that show up on any of its houses or companies.

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Around 60,000 regulations are then run in opposition to that information to classify the interaction into target audience buckets. There are approximately 33K target market sorts that have been described. Thereafter, now that the platform has this know-how about a particular person whether or not he likes music or dining out or shopping for shares, he can be comfortably nudged to the applicable houses. Businesses advantage heavily from the crosswalk along with Cricbuzz, which benefited heavily from the IPL season and noticed a full-size increase to their traffic from Times Internet. Thus, every assets is able to leverage the network impact of the umbrella brand to force visitors to them.

But with 37 exceptional organizations under its fold, how does TIL leverage them to define its vision and boom course in advance?

For Gautam, that boils all the way down to one simple component – engagement. He says,

“We need to have engaged customers across every day walks of life starting with information, listening to track or following a sport. It’s now not a single employer like Amazon so that I can say this is what we do. Broadly, we will say that we are seeking to get a lion’s percentage of the person’s engagement time of what he does with his 24 hours. Our intention is to have satisfied engaged users in the digital arena.”

And for that, he's bullish at the destiny of digital media. He says, “For us, over 70% of the intake is happening over mobiles. And that is the perfect way to consume. People will innovate, they may locate approaches to supply you content material the manner you like, and every reaction here may be measured and improvised. It aligns to what the patron desires and how he is evolving. Other medias don’t have the capability to conform as a good deal.”

The project, but, is to figure out that amidst this rising intake, in what manner will the following gen audiences consume. “That is what we should learn,” concludes Gautam.



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