5paisa Capital Limited, a discount broking unit belonging to Nirmal Jain-controlled IIFL Group, announced that Narayan Gangadhar, CEO, has been named as Managing Director (Executive) on the board of the company, with effect from July 13, 2023.
According to the company’s exchange filing, “the Board of Directors of the Company based on the recommendation of the Nomination & Remuneration Committee, at their meeting held on Wednesday, July 12, 2023, has approved the appointment of Mr. Narayan Gangadhar, CEO, as an Additional Director and Designated as Managing Director (Executive) on the Board of the Company to hold office till the conclusion of the ensuing Annual General meeting, and subject to approval of the members in the ensuing Annual General Meeting for appointment as an Managing Director to hold office for a term of 5 years effective from July 13, 2023 up to July 12, 2028, on the Board of the Company.”
Narayan Gangadhar has over two ‐ decades of experience, mostly with global tech giants, based out of San Francisco Bay Area in the US.
Narayan Gangadhar was the Head of Engineering at Uber managing over 1,000 innovators, building core engineering platforms, core APIs and cloud solutions to help Uber’s operations in over 500 cities across the world.
Earlier, Narayan Gangadhar was a Senior Director at Google helming the cloud engineering and infrastructure domains, where he was responsible for all external facing cluster computing products as well as in charge of backend infrastructure. Mr. Narayan Gangadhar also worked with Amazon as Director of Engineering, where he built Amazon Relational Database Service. He started his career with Microsoft and worked in various engineering roles.
Most recently, Narayan Gangadhar was the CEO of Angel Broking. Presently, he is the CEO of the 5paisa Capital Limited w.e.f. May 25, 2023. Narayan Gangadhar is a Bachelor of Engineering from Mumbai University and a Master in Computer Science from Worcester Polytechnic Institute.
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