Jason Kothari

Last updated
Jason Kothari
Jason Kothari.jpg
Born
Hong Kong
NationalityIndian
Education The Wharton School of the University of Pennsylvania
Occupation(s)Entrepreneur, film producer, author
Known forCEO - Housing.com, FreeCharge & Valiant Entertainment and CSIO- Snapdeal
TitleBoard Member, Emaar India

Jason Kothari is an entrepreneur and business leader, known as a turnaround expert. [1] He is the former CEO of Housing.com [2] and FreeCharge. [3] Previously, Kothari was the Chief Strategy and Investment Officer at Snapdeal. [4] He started his career as the co-founder and CEO of Valiant Entertainment, [5] a superhero entertainment company in the US. He acquired the bankrupt superhero entertainment company while a college student at Wharton and later sold it for $100 million [6] to Hollywood and China-based DMG Entertainment.

Career

Born in Hong Kong, Kothari spent his early childhood and teenage years there. At 15 years old, he had his first job at Media Asia Films in Hong Kong where he was an assistant to actor Jackie Chan. [7]

Kothari moved to the U.S. to pursue further education. While a college student at The Wharton School, Kothari acquired the bankrupt superhero entertainment company – Valiant Entertainment. [8] The company became the third largest superhero entertainment company after Marvel and DC Comics, [9] was named Publisher of the Year and went on to sign a five-movie partnership with Sony Pictures. Valiant Entertainment was later sold for $100 million to Hollywood and China-based DMG Entertainment. [10]

Kothari moved to India in 2015, becoming the CEO of Housing.com, a Softbank-backed online real estate company. At Housing.com, he led the turnaround of the company by enabling 400% growth in revenue and 70% reduction [11] in costs. Kothari led the merger of Housing.com with News Corp's PropTiger [12] to create the US$350 million industry leader. [13]

Subsequently, he joined another Softbank–backed company Snapdeal [14] as the Chief Strategy & Investment Officer. He was instrumental in transforming the company from a monthly loss of over US$20 million to a profit [15] with his “Snapdeal 2.0” [16] strategy and plan. [17]

During his time at Snapdeal, Kothari was also the CEO of distressed digital payments company, FreeCharge. Kothari led the sale of FreeCharge for $60 million to Axis Bank. [18]

Currently, Kothari is on the Board of Directors of Emaar India, [19] a subsidiary of Dubai-based Emaar Properties, known for developing the Burj Khalifa, the tallest building in the world. [20] [21] Additionally, he has also been a senior advisor to many companies including Softbank, [22] and Noon.com, a Middle East e-commerce company.

In 2019, there were media reports that stated Jason was among the candidates shortlisted by SoftBank for the global CEO position of WeWork, the American office-sharing company. [23] [24]

Sony Pictures released the movie ‘Bloodshot’ starring Vin Diesel, [25] where Kothari is an Executive Producer, [26] worldwide on March 13, 2020. Kothari imagined the story of the Valiant comic book ‘Bloodshot’ as a movie at the age of 12 and years later worked on bringing it to the big screen, including landing the movie deal with Sony Pictures. [27]

In 2020, HarperCollins published ‘Irrationally Passionate: My Turnaround from Rebel to Entrepreneur’ authored by Kothari. [28] Irrationally Passionate is an entrepreneurial memoir that shares his turnaround story and learnings across geographies, industries and companies. The book has garnered 4.42/5 star rating on GoodReads, [29] 4.4/5 on Amazon India [30] and was a critically acclaimed memoir that debuted in the top five books in India. [31]

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References

  1. ↑ "Jason Kothari - Turnaround Specialist". Economic Times.
  2. ↑ "Jason Kothari joins Housing.com". Business Standard.
  3. ↑ "Jason Kothari, the new FreeCharge CEO". Economic Times.
  4. ↑ "Snapdeal Investment and Strategy Head Jason Kothari". Economic Times.
  5. ↑ "Jason Kothari's entrepreneurial journey". Inc42.
  6. ↑ "Valiant Entertainment". Business Standard.
  7. ↑ "Jason Kothari –Assistant to actor Jackie Chan". Economic Times.
  8. ↑ "Co-founder and CEO of Valiant Entertainment". Entrepreneur India.
  9. ↑ "Valiant Entertainment, third largest superhero entertainment company". Business Insider.
  10. ↑ "Acquired by Entertainment Company DMG". CBR.
  11. ↑ "Change in business strategy". Live Mint.
  12. ↑ "Merger of Housing.com and PropTiger". Economic Times.
  13. ↑ "Jason Kothari's Mantra for Turnaround Success". Business Standard.
  14. ↑ "Snapdeal appoints Jason Kothari as the Chief Strategy & Investment Officer". Financial Express.
  15. ↑ "Transformation from loss to profits". Business Standard.
  16. ↑ "Jason Kothari's "Snapdeal 2.0" Strategy and Plan". Hindu Businessline.
  17. ↑ "Creation of Snapdeal 2.0". Times of India.
  18. ↑ "Freecharge Sold to Axis Bank". Business Standard.
  19. ↑ "Board of Director or Emaar India". Trendlyne.
  20. ↑ "Emaar India, a subsidiary of Dubai based Emaar Proparties". Emaar.
  21. ↑ "Jason Kothari – Turnaround Specialist". Gulf News.
  22. ↑ "Jason Kothari – Senior Advisor". The News Minute.
  23. ↑ "Ex-Housing CEO in fray for WeWork top job". Economic Times-Tech.
  24. ↑ "Jason Kothari in the race for WeWork top job". The News Minute.
  25. ↑ "Vin Diesel officially confirmed for Bloodshot". Looper.
  26. ↑ "Jason Kothari and Dinesh Shamdasani on board as executive producers". Looper.
  27. ↑ "Jason Kothari talks about bringing his favourite superhero to life". Economic Times.
  28. ↑ "Jason Kothari reveals mantra of turnaround success in book". Outlook India.
  29. ↑ "Irrationally Passionate: My Turnaround from Rebel to Entrepreneur". Good Reads.
  30. ↑ "Amazon - Irrationally Passionate: My Turnaround from Rebel to Entrepreneur". Amazon.
  31. ↑ "Irrationally Passionate: My Turnaround from Rebel to Entrepreneur". Economic Times.
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