NE BUSINESS BUREAU
CHENNAI, AUG 5
Private equity (PE) fund Catamaran on Friday announced two top-level postings and promotions. Firstly, president MD Ranganath has been promoted as its Chairman. As a President of the firm for the last three years, Ranganath was instrumental in creating a strong foundation for growth of the firm’s investments and their performance.
Catamaran also announced the appointment of Deepak Padaki as its President. He will be responsible for driving the firm’s investment management strategy in its mission to nurture ideas from entrepreneurs into impactful business outcomes. Padaki has 30 years of experience in the global IT services and software product industry, having played various roles in strategy, M&A, venture funding and risk management.
“I am delighted on the appointment of Ranganath as Chairman. He has helped the firm grow faster and emerge stronger as a key player in the market over the last few years”, said NR Narayana Murthy, Founder and Chairman Emeritus. “I am also very pleased to welcome Deepak. Catamaran will benefit from his experience and leadership as it prepares to scale in this next phase of its journey,” he added.
