Successful global, experienced CEO with over twenty five years experience in mobile, e-commerce, digital media, digital retail and Government and strong functional expertise in sales, strategy development, product development and fund raising. Experienced in expanding businesses globally in North America, UK, Europe, Israel, China and India.
Significant private and public company board experience as Chairman and Non-Executive Director. Served on the boards of Shazam, Seatwave, ComQi, Lionhead, Department of Culture Media and Sport, Arts Council London, Virtual Internet (LSE) and FairFX (LSE-AIM) amongst others.
Raised funding successfully for several companies and participated in selling various companies including Seatwave (to Ticketmaster), Lionhead (to Microsoft), Shazam (part sold to BMI) and Virtual Internet plc (to Register.com). Companies I helped build (LineOne, United Broadcasting & Entertainment) also had successful exits.
Selected by the Institute of Asian Professionals to be part of the Asian Power 100 - the 100 most influential and powerful Asians in the UK and won Dealmaker of the Year 2015 award from M&A Magazine for the Seatwave sale to Ticketmaster. Frequent media contributor on tech issues with appearances at conferences, on the BBC, Telegraph, FT and the Guardian amongst others.
Partner and Managing Director @ BCG Digital Ventures is an Innovation, Product Development, Venture and Commercialization firm, set up by the Boston Consulting Group. We offer a new value proposition to the Boards and senior executives of our clients, going beyond providing strategic advice around digital opportunities, to forming strategic partnerships to help them rapidly launch and grow transformational digital products, platforms, and businesses.
To learn more, please visit www.bcgdv.com From February 2015 to Present (11 months) London, United KingdomNon-Executive Director @ Non Executive director on the Board of the UK Government Department of Culture, Media and Sport advising the Ministers and Officials on issues related to Media & Technology. Specific involvement with rollout of Superfast Broadband across the UK and reviewing the British Film Institute. From April 2013 to Present (2 years 9 months) Non Executive Director @ FAIRFX is an AIM listed international payment services provider, offering services to customers in the UK since 2007. The Group has developed a cloud-based P2P payments platform that enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and countries and across a range of FX products via one integrated system. The FAIRFX platform facilitates payments either direct to bank accounts or at over 30 million merchants and over 30 million ATMs in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards. From August 2014 to Present (1 year 5 months) Director, Deputy Chairman @ Deputy Chairman (Since March 2013) of BSAC which is a UK body representing the audio-visual industry advising industry and government. From 1998 to Present (17 years) London, United KingdomArtistic Director @ Set up Theatre Company and directed various plays in London From January 1987 to Present (29 years) London, United KingdomCEO @ Seatwave is a leading European online ticket marketplace where users can buy and sell tickets for concerts, theatre, sports and other live events. Joined as CEO and moved the company aggressively to become 'mobile-first' launching Timbre and AfterParty - successful live music discovery and social apps. Sold the company to Ticketmaster in November 2014. Received Dealmaker of the Year award by M&A Magazine for the Ticketmaster transacttion. From August 2013 to November 2014 (1 year 4 months) CEO, Executive Chairman @ ComQi is a global, cloud based SAAS company that provides in-store multi-channel marketing solutions to manage retail media linked to mobile phones, signage, music, social networks and the web for advertising and retail merchandising. ComQi was voted as one of the top 2 providers to the industry by Frost & Sullivan for two years in a row. Headquartered in New York, with offices in London, Toronto and Jerusalem, we also entered into a Joint Venture with DAC in China as well as Kramer Electronics in Israel. Clients include H&M, McDonalds, Compass, Toys ‘R’ Us, Victoria’s Secret, Audi, La Senza, Santander. Was Founder and CEO from May 2007-April 2013 then moved to the Chairman role. Successfully raised funding from Jerusalem Venture Partners, Amadeus Capital Partners, Wellington Partners and Aviv Ventures.
“ComQi has been a powerful player in the industry and have been in the forefront of three major trends we have identified — a leading SAAS player, a turnkey systems provider; and with their EnGage Passport they provide convergence between digital signage, the mobile phone and the web.” ~ Aravindh Vanchesan, Program Manager – Retail Systems and Kiosks Unit with Frost & Sullivan. From May 2007 to August 2013 (6 years 4 months) Trustee, Interim Chairman @ Board member of Arts Council London (Chairman from Nov 2009-July 2010). From 2009 to May 2013 (4 years) London, United KingdomManaging General Partner @ One of three founding General Partners in $100m European Venture Capital fund backed by IDG, the world's larget IT Media company. At IDGVE lead investments in Shazam (leading global music recognition company) and Lionhead (sold to Microsoft). From 2000 to 2007 (7 years) Chairman @ First lead institutional investor in 2000 and helped build Shazam into a global mobile music brand to recognize music and provide a second screen for television through successful further funding rounds. Over 500m users globally (100m monthly actives) growing at 2m users a week, a top 10 iTunes download and its highest revenue generator. Built the senior team and worked with them on strategy development and operations including the sale of part of the business to BMI Inc. Investors include Kleiner Perkins, IVP and Carlos Slim's America Mobiles. In January 2015 Shazam was valued at $1 Billion. From 2000 to 2007 (7 years) London, United KingdomDirector @ A world leading independent games developer for X-Box and PC run by visionary Peter Molyneux, Lionhead launched two extremely successful titles since IDG lead the fund raising round in 2004. Worked closely with management on strategy development and sold the company to Microsoft, 18 months after investment. From 2004 to 2006 (2 years) Guildford, United KingdomDirector @ Non Executive Director of Virtual Internet plc - a publicly quoted UK company managing domain names. Successfully sold to Register.com in 2002. From 2000 to 2002 (2 years) London, United KingdomEuropean President and CEO @ Set up NBCi operations in Europe and recruited senior management team. From March 2000 to November 2000 (9 months) London, United KingdomCEO @ Successfully developed major UK internet portal and ISP business into one of the UK’s top 5 ISP’s and top 10 websites with 1.2m users and 70m page impressions per month. LineOne went from near bankruptcy when I took over as CEO to be valued at $2bn. After I left, it survived the dot-com crash to be sold for $120m to Tiscali, forming the core of their successful UK business, which was subsequently sold to Carphone Warehouse for $350m. From 1998 to 2000 (2 years) MD, New Media @ Started new media division for United News & Media to co-ordinate and manage digital strategies across UNM’s varied businesses. Developed their online strategy in 1997 and helped to move many UNM properties onto the web including the Daily Star, the Daily Express, Music Week and Exchange & Mart. Set up the UK’s leading subscription based educational online service for schools and homes in a joint venture with British Telecom. Set up a successful CD Rom publishing business developing CD’s for the educational, games and lifestyle market with distribution deals in 30 countries.
Involved in formulating the group’s media strategy from the successful bid for the Meridian ITV franchise followed by the acquisition of Anglia Television, where I managed the acquisition process and the post merger integration. I was subsequently involved in the successful acquisition of HTV and the Channel 5 franchise. Worked extensively on digital television and set-top-box based interactive services. UBE was subsequently sold for $2.5bn to Granada Television. From 1991 to 1998 (7 years) Manager @ Worked on several projects, leading teams in the UK, Hong Kong, Korea and Japan. Achievements included c $50m worth of profit improvement for clients and a successful market entry into Japan. Project I managed for Air Express company was rolled out globally as a Bain Best Demonstrated Practice. From 1986 to 1991 (5 years) Summer Associate @ Summer Associate while at Wharton, I conducted a feasibility study on putting in place a fibre optic network to connect all of the bank's branches in Buffalo. From June 1985 to September 1985 (4 months) Buffalo/Niagara, New York AreaInformation Systems Manager @ Trained with IBM in installation of PC networks and placed with $30m retail organisation to set up IT department. Worked on identifying and implementing areas for cost reduction and efficiency improvement. From June 1983 to June 1984 (1 year 1 month)
MBA, Finance, Director's List @ University of Pennsylvania - The Wharton School From 1984 to 1986 Bachelor of Commerce (B.Com.), Accounting and Economics, First Class @ Bombay University From 1980 to 1983 Ajay Chowdhury is skilled in: Digital Marketing, New Business Development, Start-ups, Digital Signage, Strategic Partnerships, Entrepreneur, Venture Capital, Entrepreneurship, Sales Management, Mobile Marketing, Mobile Devices, Business Development, Digital Strategy, Business Strategy, Product Management