Bengaluru-based food delivery unicorn Swiggy announced it has appointed three independent directors to its board, according to VCCircle report. The three hires include tractor maker TAFE’s Mallika Srinivasan, logistics firm Delhivery’s Salil Barua and Shailesh Haribhakti of Shailesh Haribhakti & Associates. “They have very rich and diverse experiences in building sustainable businesses at scale.Getting these new…
Procter & Gamble Health Limited (PGHL) announced the re-appointment of Milind Thatte as Managing Director of the company, with effect from April 1, 2023. According to the company’s exchange filing, “we would like to inform you that the Board of Directors of the Company, at its meeting held yesterday, have approved re- appointment of Mr.…
Artifact Labs, a leading Web3 and NFT company based in Hong Kong, announced the appointment of Phillip Pon as CEO. Pon, who brings a wealth of experience in the blockchain industry, will take over for Gary Liu who moves onto the company’s Board as Founder and Director. With Pon’s hiring, Artifact Labs will accelerate its mission to ‘Preserve and Connect…
ReadyAssist, a roadside service assistance provider, has acquired SpeedForce, a Vadodara-based two-wheeler servicing firm, for $10 million in a cash and stock deal, according to VCCircle report. With this acquisition ReadyAssist plans to race in India’s largest chain of multi-branded two-wheeler workshops. It also aims to strengthen its chain of SpeedForce workshops by adding another 700 this calendar year,…
Intelsat, operator of one of the world’s largest integrated satellite and terrestrial networks and leading provider of inflight connectivity (IFC), announced the appointment of Gaurav Kharod as the regional vice president for its Asia Pacific (APAC) region. Kharod comes from Intelsat’s India office, where he served as the managing sales director of South Asia and…
SaaS startup Freightify has raised $12 million in a Series A funding round led by Sequoia Capital India. TMV and Alteria Capital, with existing investors Nordic Eye Venture Capital and Motion Ventures participated in the current funding round. The fresh funds will be deployed for product development, geographical expansion, hiring, sales expansion, and brand building. “We are…
Mahindra Finance, the vehicle financing unit of the Mahindra & Mahindra Group, has appointed Raul Rebello as MD and CEO-Designate, according to moneycontrol report. Raul, who is currently the Chief Operating Officer of the company, will take charge as MD and CEO when Ramesh Iyer retires on April 29, 2024, Mahindra Finance said in a statement. Raul,…
Diversified conglomerate ITC Limited announced the appointment of Peter Rajatilakan Chittaranjan as an Additional Non-Executive Director on the company’s Board, with effect from February 3, 2023. According to the company’s exchange filing, “We write to advise that the Board of Directors of the Company (‘the Board’) at the meeting held today, i.e. 3rd February, 2023,…
YES BANK announced that the Reserve Bank of India (RBI) has approved the appointment of Rajan Pental as an Executive Director of the Bank for a period of three years w.e.f. February 2, 2023. Pental has been a part of YES BANK since November 2015, and is currently serving as the Global Head of Retail…
Accenture has acquired Bionest, a strategy and consulting firm dedicated to addressing complex strategic decisions for leading biopharma organizations across innovative areas of science including precision medicine and diagnostics, oncology, cell & gene therapy (CGT), and rare diseases. Terms of the transaction were not disclosed. Headquartered in New York with a European office in Paris, Bionest’s…
IT major Birlasoft Limited announced the appointment of Ananth Sankaranarayanan as an Additional Director on the company’s Board, with effect from February 2, 2023. According to the company’s exchange filing, “We wish to inform you that the Board of Directors of Birlasoft Limited (“the Company”), at its meeting concluded today, inter alia, has approved the…
Allcargo Logistics Ltd, an Allcargo Group company, an India‐born global logistics conglomerate, has announced the conclusion of its sale of a part of its logistics parks portfolio to global private equity investor Blackstone Group (Blackstone). This is in line with the agreement signed earlier, which has now been consummated with signing of Share Purchase Agreement…
NBCC (India) Limited, a Navratna CPSE, announced the appointment of K.P Mahadevaswamy as Director (Commercial), with effect from February 1, 2023. According to the company’s exchange filing, “it is informed that Shri K. P Mahadevaswamy (DIN: 10041435) has assumed the charge of Director (Commercial)- NBCC (India) Limited, in terms of Ministry of Housing and Urban…
Cooking appliances company, Stove Kraft Limited, announced that Rajiv Nitin Mehta has resigned from the role of Chief Executive Officer and Whole-time Director of the company, w.e.f February 2, 2023. Also, the company announced the appointment of Sunita Rajendra Gandhi as an Additional Director in the category of Non-Executive and Non-Independent Director on the company’s…
Apollo Tyres Limited announced the appointment of Jaimini Bhagwati as an Additional Director in the category of Independent Director of the company, with effect from February 2, 2023. According to the company’s exchange filing, “we wish to inform you that the Board of Directors at its meeting held today, inter alia, considered and approved the…