Ranganath will replace Infosys and the founder of Catamaran NR Narayana Murthywho now becomes chairman emeritus of the investment company.
Padaki, who replaces Ranganath, will be responsible for driving the company’s investment management strategy to nurture entrepreneurs’ ideas into business results, Catamaran said in a statement.
Longtime assistant to Murthy, Ranganath resigned as CFO of Bengaluru-based Infosys in 2018 after serving the company for 18 years. I have been president of Catamaran Ventures since October 2019.
Padaki will take over from Ranganath. I left Infosys last month as Executive Vice President, Group Head of Strategy and M&A and Chief Risk Officer, after working at the company for three decades.
Launched in 2009 with an initial corpus of $120 million, the fund currently manages over $1 billion across all asset classes. He has investments in companies including beverage maker Paper Boat, space technology company SpaceX, Acko Insurance and news aggregator Daily Hunt.
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“He (Ranganath) has helped the company grow faster and become a key player in the market over the past few years,” Murthy said in the statement. “I am also very pleased to welcome Deepak. Catamaran will benefit from his experience and leadership as he prepares to evolve in this next phase of his journey.”