Hinduja Global Solutions Limited (HGS), a provider of solutions in digital consumer experience (CX), business process management (BPM) and digital media services, announced the appointment of Ashok P. Hinduja as the Non-Executive Chairman of the Company.
The Nomination & Remuneration Committee (NRC) and the Board of Directors (BoD) also appointed Munesh Khanna to the Board as an Independent Director, a statement said.
“With keen focus on integration and expansion of Digital business into HGS, Mr. A. P. Hinduja will takeover as the Non – Executive Chairman of the Company. The Digital Business has added a new business vertical with immense opportunities which require dedicated resources. Mr. A. P. Hinduja, with his rich experience and lifetime learnings of carrying the Digital Business in NxtDigital Limited together with its subsidiaries will spearhead HGS into a new direction of growth,” according to the statement.
A graduate in Commerce from the University of Mumbai, Ashok P. Hinduja has been conferred honorary Doctorates in Law and Economics respectively, by the University of Westminster, UK and Richmond College, UK, and an Honorary Doctorate by European University, Geneva.
On behalf of the entire Board of Directors, Mr Y. M. Kale welcomed Mr Ashok P. Hinduja and Mr Munesh Khanna to the Board and proposed the appointment of Ashok P. Hinduja for Chairmanship. The same was unanimously and hearteningly approved, the statement said.
Towards the end of the Board Meeting, Mr Y. M. Kale expressed his desire to renounce his directorship and as the Chairman of the Board, a statement said.
On December 7, 2022, HGS announced two more M&A updates: signing of a definitive agreement to acquire a 100% stake in TekLink International, Inc., for a consideration of US$ 58.8 million, and signing of a non-binding Letter of Intent (LoI) to acquire uKnowva, a digital Human Resources Management System (HRMS) product business, from Convergence IT Services Ltd.
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