iValue InfoSolutions has announced the appointment of IT Veteran Shrikant Shitole as its CEO. This appointment comes as part of the strategic planning iValue InfoSolutions has designed for the next 5 years. iValue, as a technology enabler, is looking to extend the core business by expanding the portfolios based on relevance and investing in promising adjacent markets. iValue has planned to execute a framework consisting of three distinct phases that will unfold during the coming fiscal year which will be defending, extending, and transcending the core business.Shrikant’s expertise around Cloud Services, Cyber Security, IOT, Smart City, Data Center Services, IT Infrastructure Planning & Management, and Outsourcing services will go hand-in-hand in creating a futuristic win-win situation.
iValue has been maintaining its growth at CAGR 40% YoY. iValue has been persistently investing on growth, allowing it to develop at 3X plus market growth rate in the last 10+ years. Its focus has been to address the complete needs around Data, Network and Application for Enterprise customers in a consultative way. Following the PE investment in 2019, iValue launched 3 main efforts to continue the company's growth trajectory:
1. Expand geography coverage: iValue expanded to South-East Asia with a Singapore office. Appointed a CEO and team for South-East Asia covering SAARC markets with direct presence across Sri Lanka, Myanmar, Cambodia, Nepal, and Bangladesh along with Singapore & Malaysia.
2. Technology investment: iValue established COE, training centres, and services connected to customer life cycle management in order to give a better customer experience and efficiency
3. Exploring acquisition: iValue has been actively pursuing inorganic growth opportunities across India, SAARC, and Southeast Asia to accelerate the next phase of growth.
With Shrikant’s 25+ years of strong leadership experience iValue looks to turnaround the processes to grow at 5X times in next 5 years. Shrikant has been known in the industry for his B2B business management leadership roles across IT, Telecom, VAS, Software, and Cyber security industries, in his energetic 30+ years of experience. Shrikant, with his management skills, will focus on differentiating iValue to capitalize on the changing Cloud adoption & Cyber-Security landscape.
Sunil Pillai, Founder & Managing Director ofiValue InfoSolutions said, “I am delighted to welcome Shrikant as CEO of iValue. I have known him for a long time, and value his ability to develop, manage and grow product and solutions businesses. I look forward to leveraging his entrepreneurial abilities to disrupt existing markets and accelerate our growth into new segments. His strategic vision, as well as operational expertise and rigor, will be pivotal in the company's next phase of growth, and the iValue Board looks forward to working with him."
Shrikant takes over from KrishnaRaj Sharma (KRS), wholed iValue through a strong period of growth and raised capital from highly reputed private equity firm, Creador. KRS has steered iValue to become an enterprise company with a significant footprint in India as well as the Southeast Asian (SEA) markets. KRS moves on to overseeing iValue’s Southeast Asian markets.
Welcoming the appointment, Varun Khandelwal, Director of Creador said, “I am pleased to welcome Shrikant into the role as Chief Executive. He has brought incredible experience, vision, and pragmatism to every organization he has been associated with. With his excellent leadership and business acumen, I am confident that iValue can become even more of a force to be reckoned with in the tech industry.” Creador is a leading South- and Southeast Asia-focused private equity firm, with over USD 2bn in assets under management. The company invested in iValue InfoSolutions in 2019.
Accepting the responsibilities that come with the leadership role at iValue, Shrikant Shitole said, “Thanks to KRS and his able leadership, iValue has grown into a remarkable organisation. It would be an honour to learn, work, deliver, and expand on our strategic imperatives to transform and modernise our business, remove complexity for our partners, and become an indispensable organisation behind the numerous brands we support."
KrishnaRaj Sharma, Founder & Director of iValue InfoSolutions said, “We are excited to get Shrikant Shitole on board. I am confident that Shri, with his domain experience built throughout his career, is going to help iValue to create incredible value in the years ahead.”
With the addition of the SEA market as part of iValue’s geographic expansion strategy,there has been a build-up on the Consulting & Services business over the last 2 years. iValue has seen encouraging response from enterprise customers which has lediValue to continue its focus on Consulting & Services business for next few years. Apart from this, iValue will continue to focus on BFSI, Government and Enterprise practices which have always given iValue a heads-up around emerging needs at Top 100 customers. Analyzing these demands will help iValueexplore and on-board the best available technology OEMs to address the market needs on an on-going basis.
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