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.