NIIT Limited, a global talent development corporation and leading provider of managed training services, announced the appointment of Srikanth Velamakanni as Additional Director on the company’s Board, with effect from May 24, 2023. Sanjeev Bansal has been appointed Chief Financial Officer of the company, with effect from May 24, 2023.
Srikanth Velamakanni is the Co-founder, Group Chief Executive, and Executive Vice Chairman of Fractal, one of the leading players in artificial intelligence and digital transformation. Since Srikanth co-founded Fractal in 2000, the company has raised more than USD 300 million from private equity investors and has empowered more than 100 Fortune 500 companies with its AI, data, and analytics-driven business strategies. Under his leadership, Fractal has developed several product lines within the company, including Cuddle.ai, Eugenie.ai, and Qure.ai. Srikanth serves on the board of Qure.ai – which has recently received 16MM USD in funding less than three years after incubation.
Srikanth completed his B.Tech in Electrical Engineering from the Indian Institute of Technology (IIT), Delhi, and holds an MBA in Management, Finance and Marketing degree from the Indian Institute of Management (IIM), Ahmedabad.
Sanjeev Bansal has been associated with NIIT since 2005, during this period he has played a key role in providing strategic direction to the Finance function. Sanjeev joined NIIT as Senior Manager (Accounts) and steadily advanced to his current position.
Sanjeev has over two decades of experience at the helm of financial services at various enterprises. Before joining NIIT, Sanjeev gained valuable experience working with prominent companies such as Electrolux, Radico Khaitan and JK Group, where he was responsible for planning, reporting, governance, risk management, accounting and inorganic growth initiatives.
Sanjeev is qualified as a Chartered Accountant from the Institute of Chartered Accountants of India.
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