CyberMedia India Limited announced the appointment of Varun Jain as an Additional Director and Non-Executive Independent Director on the company’s Board, with effect from February 7, 2023.
According to the company’s exchange filing, “we wish to inform that, based upon recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company, at its meeting held on February 07, 2023, has approved the appointment of Mr. Varun Jain, as an Additional Director, and Non-Executive Independent Director subject to approval of shareholders.”
Varun Jain has a diverse background in real estate development, technology, and finance. Varun co-founded Usnatek, a firm that identified new technologies and brought them to India. The firm was a pioneer in the drone services industry in India, having used drones for surveying and mapping as early as 2017. The firm currently supplied security manpower software to companies across India and is working on new initiatives in software related to the management of Drone-data.
He has previously worked as an investment banker responsible for M&A and private equity transactions in technology, real estate and other industries. One of his previous ventures was a business process outsourcing and call-centre technology integration company which he exited through a sale to an investor. He plays an active role in his family’s business of real estate development, where he manages the land acquisition, planning and project management for various projects – townships, hotel construction, commercial property construction, and builder floors, the statement said.
Varun holds an Electronics & Computer Systems Engineering degree from the University of York, UK and an MBA (Finance) from the University of Wisconsin – Madison, USA. He is active in a number of industry forums, particularly in CII – Young Indians (youth wing of CII), where he was the chapter chair for Yi Delhi and is currently heading the Innovation Vertical for Young Indians nationally. He is an active startup investor, having invested in AI, Edtech, Vertical SaaS and Fintech companies.
CyberMedia is the largest specialty media house in South Asia and amongst India’s top five magazine brands.
The group’s Media business includes 12 media properties including Dataquest, PCQuest, Voice&Data, Global Services, DQ Channels, DQ Week (Delhi, Chennai, Mumbai and Kolkata). The group has twelve websites led by www.CIOL.com, India’s largest technology business website.
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