Ithau is currently the Regional Director at the Stanford Institute for Innovation in Development Economies - Seed, a Stanford Graduate School of Business program aiming to build a global network of leaders and find solutions to global poverty by supporting MSMEs.
Thakrar, who founded the company and remains the largest individual shareholder , also resigned as a director of the company's subsidiaries and its affiliates. The firm noted that investigations into Thakrar would continue despite his resignation being accepted by the board.
Bharat Thakrar has over thirty six years in advertising and communication. He is considered a pioneering figure for the country's lucrative marketing industry. He founded Scanad, now Scangroup, in 1982 and built it up into a marketing behemoth.
Court allows WPP-Scangroup to hold EGM on condition that it complies with the provisions of the Capital Markets Act and Regulations.