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Home Gadgets Catamaran Ventures names ex-Infy executives as chairman, president

Catamaran Ventures names ex-Infy executives as chairman, president

Funding agency Catamaran Ventures Friday named former executives MD Ranganath and Deepak Padaki as its chairman and president, respectively.

Ranganath will substitute Infosys and Catamaran founder NR Narayana Murthy, who now turns into chairman emeritus of the funding agency.

Padaki, who replaces Ranganath, might be accountable for driving the agency’s funding administration technique to nurture concepts from entrepreneurs into enterprise outcomes, Catamaran stated in a press release.

A protracted-time aide of Murthy, Ranganath stepped down as chief monetary officer of Bengaluru-based Infosys in 2018 after serving the corporate for 18 years. He has been president of Catamaran Ventures since October 2019.

Padaki will take over from Ranganath. He stop Infosys final month as govt vice chairman, group head of technique and mergers & acquisition and chief threat officer, after working within the firm for 3 a long time.

Launched in 2009 with an preliminary corpus of $120 million, the fund presently manages over $1 billion throughout asset courses. It has investments in corporations reminiscent of beverage maker Paper Boat, spacetech agency SpaceX, Acko Insurance coverage and information aggregator Every day Hunt.

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“He (Ranganath) has helped the agency develop sooner and emerge stronger as a key participant available in the market over the previous couple of years,” Murthy stated within the assertion. “I’m additionally very happy to welcome Deepak. Catamaran will profit from his expertise and management because it prepares to scale on this subsequent part of its journey.”

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