Skip to website
Milan VerqnaviChief Marketing Officer

Milan Verqnavi · Chief Marketing Officer · India

From recording an answer to defending its commercial use

Apr 2022 — Present

Chief Marketing Officer

Zerqani Bicycle Stores

Sector
Bicycles and accessories for commuting and leisure
Ownership
Founders 41%; investment partnership 25%; employees 34%; no personal holding
Company scale
FY 2025–26 sales ₹164 crore; operating profit ₹9.6 crore
Employees
414 at March 2026
Geography
Vadodara headquarters and twenty-two shops
Reporting to
CEO Aditi Zelqvani
Team
Twenty-two employees through three heads; nine agency personnel separately
Financial scope
₹6.4 crore annual marketing authority, including ₹3.1 crore paid placements

Mandate

Make marketing invitations accountable to audience evidence, commercial relationships and operating availability

Outcomes

  • Revised creator communications and retained four incomplete pieces from publication
  • Restricted a variant-specific launch to confirmed combinations
  • Kept unrecoverable correction costs within the marketing investment account

Decisions in context

The CMO role gives me responsibility for twenty-two employees through three heads, with nine agency personnel recorded separately. My ₹6.4 crore annual authority includes ₹3.1 crore paid placements, so the cost of changing a campaign remains visible within the full commitment. I report to the CEO and work with the COO without assuming ownership of shop operations, buying or product advice. Creator disclosure and variant availability required different specialist and operating reviews, but both changed the communication we could responsibly publish. I present those choices to directors as an executive, not as a statutory board member. The role has made me more careful about preserving the cost and limits of a correction instead of attaching an unsupported sales benefit to make it appear painless. It also requires a continuing process after approval, because published material and availability can change.

Reason for the move

Current role; considering a consumer CMO mandate and a prepared first outside contribution

Apr 2016 — Mar 2022

Head of Consumer Marketing

Zerqani Bicycle Stores

Sector
Regional bicycle retail and consumer proposition development
Ownership
Founder-led private company with employee shareholders
Company scale
Enterprise revenue reached ₹116 crore annually at period end
Employees
307 at period end
Geography
Vadodara-led regional network
Reporting to
Chief Commercial Officer
Team
Sixteen marketing colleagues through two managers
Financial scope
₹3.9 crore annual consumer-marketing authority

Mandate

Connect research and category choices with a defensible consumer proposition

Outcomes

  • Withdrew an over-broad inference from club-recruited research
  • Funded additional qualitative discovery without presenting it as a population estimate
  • Narrowed a campaign recommendation before its main commitment

Decisions in context

I led sixteen colleagues through two managers within ₹3.9 crore annual authority. The 2019 commuter proposal exposed a weakness in the way I had used a research result. The club respondents’ experience was useful, but I had treated their enthusiasm as evidence about people outside the recruitment route. A colleague’s challenge required me to change the recommendation rather than hide the limitation in an appendix. Additional discovery brought missing perspectives into the discussion without pretending to produce a representative demand estimate. I learned to ask what the research could change before approving the campaign around it. That discipline became important in the CMO appointment, where a larger budget made an attractive recommendation harder to revise after commitments were made. The experience also showed colleagues that my sponsorship did not exempt a proposal from methodological challenge.

Reason for the move

Appointed CMO with enterprise marketing and partner-communication responsibility

Apr 2010 — Mar 2016

Category Marketing Manager

Zerqani Bicycle Stores

Sector
Bicycle shops and category marketing
Ownership
Privately held founder enterprise
Company scale
Retail turnover at departure from this role was ₹67 crore annually
Employees
188 at period end
Geography
Gujarat retail markets served from Vadodara
Reporting to
Marketing Director
Team
Eleven marketing colleagues
Financial scope
₹1.8 crore annual category-marketing authority; buying decisions separate

Mandate

Translate customer questions into communication that shop colleagues could support

Outcomes

  • Connected research interpretation with store conversations
  • Kept product suitability with qualified colleagues
  • Followed the effect of a campaign brief after the research handover

Decisions in context

Moving into Zerqani made me accountable for what happened after a report became a campaign. Eleven colleagues worked within ₹1.8 crore annual authority, while buying and shop operations retained their own decisions. Conversations about a bicycle often involved storage, everyday routes and the variant a customer could actually obtain. Those details could disappear from a central category presentation. I began involving shop colleagues earlier, asking which questions the communication answered and which it merely made more urgent. I did not treat an anecdote from one shop as an explanation of the whole market. The appointment helped me connect research discipline with practical retail responsibility, including the limits of marketing’s authority. It prepared me to lead broader consumer work without assuming that a persuasive invitation could compensate for a proposition that other functions could not yet support.

Reason for the move

Promoted to lead consumer marketing across the expanding network

Apr 2003 — Mar 2010

Study Supervisor

Kelqavni Research Studio

Sector
Consumer research and qualitative fieldwork
Ownership
Private research partnership
Company scale
Annual company research fees were ₹16 crore by departure
Employees
58 at departure
Geography
Vadodara delivery team and regional client assignments
Reporting to
Research Director
Team
Seven research and fieldwork colleagues
Financial scope
₹68 lakh annual delivery expense; client investment decisions outside remit

Mandate

Preserve recruitment and interpretation limits in the research account

Outcomes

  • Made the route into a study visible to client reviewers
  • Distinguished qualitative insight from prevalence estimates
  • Helped fieldwork teams challenge convenient but narrow recruitment

Decisions in context

I supervised seven colleagues within ₹68 lakh annual delivery expense. Senior researchers retained methodological review and clients retained their marketing decisions. The appointment showed me that fieldwork convenience could shape the audience long before anyone drew a chart. People who were easy to contact could become the assumed population unless the brief and recruitment account were examined together. I wanted the handover to describe what the conversations revealed and what they did not establish. That did not make qualitative work less useful; it made its use more precise. I moved into retail because I wanted to remain responsible when a client turned that evidence into a proposition and a spending decision. The agency experience remained valuable because it gave me a basis for questioning my own later interpretation rather than relying on seniority to settle a research disagreement.

Reason for the move

Joined a retailer to connect research evidence with continuing marketing decisions

Jun 1997 — Mar 2003

Research Assistant

Kelqavni Research Studio

Sector
Consumer interview coordination and research support
Ownership
Privately owned professional partnership
Company scale
Company research income stood at ₹6 crore annually at period end
Employees
24 at period end
Geography
Vadodara and nearby commercial research locations
Reporting to
Senior Research Executive
Team
Individual contributor in a five-person study team
Financial scope
Interview coordination and records without independent budget or design approval

Mandate

Record adult participants’ accounts without converting them into unsupported conclusions

Outcomes

  • Learned to preserve participant meaning in research records
  • Documented how people entered the study
  • Prepared evidence for senior interpretation rather than deciding the client’s investment

Decisions in context

I joined after commerce studies in 1997 and worked in a five-person team arranging interviews and preparing records. I did not independently approve the research design or decide how much a client should invest in a campaign. My responsibility was to preserve the participant’s account accurately enough for a senior researcher to examine it. I learned to distinguish an answer from the conclusion someone hoped to draw from it, and to record the route through which the participant had been recruited. That work was often administrative, but it carried an important boundary: a full record did not mean the study had heard from everyone whose perspective mattered. The discipline later became a challenge to my own marketing recommendation, when I needed to acknowledge that an engaged group of club riders could not answer a broader commuter-market question.

Reason for the move

Promoted to supervise research delivery and fieldwork

What I am looking for next

I would consider a CMO role in a consumer enterprise that wants research, partner relationships and operating evidence to influence the proposition before the campaign becomes fixed. The mandate should let marketing narrow an invitation, revise a claim and report the cost of correction without inventing a revenue benefit. I would want clear relationships with buying, operations and specialist product advice, rather than a broad title that absorbs responsibilities it cannot exercise. A first outside contribution could concern customer propositions and commercial judgement after further preparation. I would propose twenty-five annual days initially, including reading, induction, travel and exceptional demands, and test that against my executive commitments. My record contains executive presentations but no appointment as a statutory director. An experienced chair should help define how my questions complement financial and sector expertise. I would avoid a role whose value depends on confidential campaign plans or on acting as an additional marketing manager between meetings.