The appointment follows the resignation of Karthikean Natarajan as CEO and government director of Cyient final month. Natarajan resigned after the Hyderab -based firm reported an interannual lower of 28.3% in its web achieve for the third quarter ending in December 2024, which fell to RS 124 million rupees.
Banerjee beforehand served as CEO of Chrys Capital-RESPALDO Digital Engineering Signature Xoriant. His departure from Xoriant was adopted by the corporate that appointed Rohit Kedia, former director of Progress of LtimindtreeLike his new CEO on Tuesday. Earlier than Xoriant, Banerjee spent virtually 27 years in HCltech, the place he reached the place of company vice chairman.
The president of Cyient, MM Murugappan, mentioned that Banerjee’s in depth expertise within the analysis and growth of engineering (ER & D) and the expertise sectors would assist the corporate strengthen its group and enhance the subsequent section of accelerated development.
The appointment of Banerjee is topic to the approval of the shareholders and the central authorities, as vital, Cyient mentioned in a regulatory presentation.
Krishna Bodanapu, government vice chairman of Cyient and managing director, mentioned the management of Banerjee within the ER&D providers sector and expertise would profit the corporate, because it focuses on strengthening its fundamental engineering presents and growing clever options directed by expertise. on Wednesday at RS 1,474.80 on the EEB. The motion has decreased 28.72% throughout the previous 12 months, 18.92% within the final six months and 15.88% within the final month. Nevertheless, it has received 3.04% within the final week. Thanking Trendlyne’s information, the common consensus goal value for Cyient actions It’s RS 1,800, which suggests a 22percentrising potential. Of the 22 analysts that cowl the shares, 10 have a “buy” ranking, 5 recommend a “retention” and 7 advocate “promote”.
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