Magnasoft ready to pounce on IoT market through appointment of Tiger Ramesh
Bangalore-based tech solutions firm Magnasoft is rearranging its senior leadership. T.G. (Tiger) Ramesh will replace incumbent CEO Bobbie Kalra, who is vacating his position to focus more on strategic operations at the firm. Meanwhile Phaneesh Murthy has been invited to join the board, although his response is pending.
Founded at the turn of the millennium in 2000, Magnasoft offers services in the broad area of Internet of Things, and the specialised domains of geospatial technology, engineering, in-transit safety, and even smart wearable technology. Since its establishment, the firm has grown to take on a global character, with wholly owned subsidiaries in the UK and the US.
The consulting firm was established by founder and owner of the prominent Indian coffee chain Café Coffee Day V. G. Siddhartha, and currently operates with more than 650 employees, serving clients in over 70 countries. Siddhartha has now approached two prominent business executives to help boost his firm’s senior leadership.
To replace outgoing CEO Bobbie Kalra, Siddhartha has approached seasoned executive Tiger Ramesh, most notably known for his recent seven-year stint as CEO at California-based infrastructure management and tech firm CSS Corp, as well as his range of entrepreneurial ventures before that.
During his professional career, Ramesh has held the role of Country Manager for India at Nortel Networks, where he not only supervised the Indian operations of the firm, but also managed operations across the SAARC (South Asian Association for Regional Cooperation) countries.
Among his entrepreneurial ventures, Ramesh is the co-founder of IT architecture and management firm Bangalore Labs. He also partnered with senior executive Phaneesh Murthy to form Quintant Services, and later the BPO and BSP arms of Quintant, which is now nestled within iGate-Patni.
Murthy, who was formerly the CEO at iGate, has also been approached by Siddhartha to join the board at Magnasoft, but is yet to respond. Siddhartha has requested me to join the board of Magnasoft to try and create greater value and scale the company,” said Murthy.
The scaling up of operations comes as the world of business gravitates towards the Internet of Things paradigm, which means that Ramesh will have to draw on all his experience to guide the firm through a period of high anticipated growth.
