Firstsource Solutions Limited, a leading provider of Business Process Management (BPM) services and an RP-Sanjiv Goenka Group company, announced the appointment of Utsav Parekh as Additional Director on the company’s board, with effect from November 2, 2022.
According to the company’s exchange filing, “we hereby inform you that the Board of Directors of the Company at their meeting held today have appointed Mr. Utsav Parekh (DIN 00027642) as an Additional Director (Non-Executive, Independent Director, not liable to retire by rotation) with effect from 2nd November 2022, subject to the approval of members through Postal Ballot.”
Utsav Parekh is an Investment Banker and an entrepreneur with thirty-five years of experience. He is one of the main Promoters and Chairman of SMIFS Capital Markets Limited, a pioneering Investment Banking company from Kolkata. SMIFS is a listed company on the Bombay Stock Exchange and offers Financial Advisory services to its clients. The company is a SEBI approved Category-I Merchant Banker. Utsav Parekh, along with his partners, has also promoted M/s Bengal Aerotropolis Projects Limited, in which Changi International Airports, Singapore, and WBIDC are equity partners. This company is the first to develop a private Greenfield airport in India near Durgapur in West Bengal, along with an integrated township. This is the first project of this kind in India with investments in excess of Rs. 1.2 Billion, according to the statement.
He is also on the board of many other public listed companies like, Texmaco Rail & Engineering Limited, Xpro India Limited, Spencers Limited, Eveready Industries Limited, Jayshree Tea & Industries Limited, etc.
As an entrepreneur, he has recently diversified into Real Estate and is developing a few high end residential real estate projects in Kolkata. He has also diversified in the area of food and operates retail food outlets in the shopping malls in Kolkata and Bangalore including some high end restaurants like Serafina, Irish House, Bombay Brasserie etc., the statement said.
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