MUMBAI: Carnival Cinemas, spearheaded by Dr. Shrikant Bhasi, has appointed Mohan Umrotkar as its chief executive officer (CEO). He takes over from P. V. Sunil who has been elevated as the managing director (MD).

Umrotkar's mandate will be to oversee the completion of its corporate vision of 1,000 screens and also ensuring that each business division of the company achieve their business goal.

Umrotkar, a chartered accountant, had served as the chief financial officer of Reliance MediaWorks, a part of the Reliance Anil Dhirubhai Ambani Group, where he was involved in the exhibition business (subsequently acquired by Carnival) on cost rationalisation and growth efforts which led to major operational and financial improvements in business.

Umrotkar has also had a stint with Deloitte in the assurance practice, working on some of India’s biggest business houses.

Having a foundation of over 18 years in operational finance, contract negotiations, mergers and acquisitions, treasury, fund raising initiatives, financial planning, taxation, risk mitigation and designing turnaround strategies, Umrotkar's financial and business acumen channels the business focus, on the implementation of a dynamic business model to maximize ROI and profitability.

Bhasi said, “Mohan (Umrotkar) is an accomplished thought leader and is known to leverage his entrepreneurial acumen to overcome complex business challenges and deliver high impact thus translating corporate vision with ease."

Umrotkar, a foodie, is passionate about playing and watching cricket and loves travelling and watching movies.