We bring to you the important movers and shakers of the week.
National Payments Corporation of India (NPCI) has roped in Dilip Asbe as the new Managing Director & CEO. Also, Dr. Naresh Sharma has joined the Advisory board of Hotify AI, a cognitive Intelligence platform accelerating enablement of Enterprise AI Solutions. Dr. Sharma is presently the founder and CEO of NASHERO, an aerospace company, producing exceptionally high-end aircraft made in Carbon Composites.
Warburg Pincus India Sees Exit Of Its Second MD
After the resignation of Warburg Pincus MD Nitin Nayar last week, now Niten Malhan, Warburg Pincus’ India co-head and managing director has quit the firm to start his own fund which will invest in listed companies.
Malhan joined Warburg Pincus five years back and has been credited to deals such as the sale of Allianz Tire to rival private equity fund KKR which was later sold to Japanese Yokohama Rubber Company in 2016.
The fund, which has invested close to $4 Bn in India, will now be headed by its co-head and managing director Vishal Mahadevia.
ClearTax Hires Sivaram Kowta
ClearTax has hired the head of B2B vertical, Sivaram Kowta. He joins the company as the Senior Vice President.
Sivaram comes with over 15 years of experience in management consulting and industry. As Vice President at Myntra, he oversaw the core Men’s apparel business, which grew 75% YoY and is near EBITDA breakeven in two years of his tenure.
A post-graduate from IIM Calcutta and a graduate from BITS Ranchi in Computer Science by education, Sivaram has been an integral part of global organisations such as AT Kearney and Wipro.
At ClearTax, Sivaram will be responsible for building the B2B business in compliance and other areas. He will be based out of Bengaluru.
MoneyTap Appoints Tech Advisor
MoneyTap has roped in Shamik Sharma as an advisor for its technology-related initiatives and to help scale its business. Shamik was earlier associated with Myntra as Chief Technology and Product Officer.
In his new role, he will be responsible for the engineering initiatives, data sciences, and product management. He will also continue with his position as a venture partner with pi Ventures.
Innoviti Appoints Former Britannia And Unilever Executive On Its Advisory Board
Innoviti has appointed former Britannia and Unilever executive, Neeraj Chandra to its advisory board.
In his new role, Chandra will be advising Innoviti CEO Rajeev Agrawal, and the leadership team, on the go-to-market strategy, product roadmap and evolution of the organisational structure.
Innoviti processes over $3 Bn (INR 20,000 Cr) of payment transactions annually including about $155 Mn (INR 1000 Cr) of credit. The company is currently expanding the platform to provide working capital loans to kirana stores and brand franchises.
RedDoorz Strengthens Its Leadership Team With Two New Appointments
RedDoorz, an online budget hotel booking platform, has announced two key appointments joining the ranks of its board – Bhanu Chopra, as Independent Director and Philip Wolf as Board Advisor.
Bhanu Chopra, widely recognised as one of South Asia’s thought leaders in the travel and hospitality software-as-a-service industry, founded RateGain in 2004. As its CEO, he is responsible for spearheading overall business strategy and leads the innovation efforts in the hospitality space. Prior to that, he was at Deloitte Consulting in India where he worked on large Enterprise Resource Planning (ERP) implementations for Fortune 500 companies.
Founder of Phocuswright, the premier source for travel, tourism and hospitality intelligence, Philip Wolf is an outspoken, provocative and well-known travel industry figure – now an entrepreneur despite having retired from an executive role.
Stay tuned for the next week Movers And Shakers Of The Week