EQUIPPP appoints TMT & M&A Expert Mr. Amol Palkar as CEO to Ensure MPS Compliance and Drive Growth

By India Education Diary Bureau Admin On Nov 1, 2023

Hyderabad: EQUIPPP, a leading IT and ITES company with a core IP focus on the Social Impact sector, announced the appointment of Mr. Amol Palkar as its new Chief Executive Officer (CEO). In his new role, Mr. Palkar’s primary responsibility will be to lead the company in achieving MPS compliance and unlocking the true potential of EQUIPPP.

This strategic decision comes in response to the NCLT order from June 2021, which mandates the dilution of the Promoter group’s shareholding from 97% to 75% to meet Minimum Public Shareholding (MPS) compliance.

The appointment of Mr. Palkar aims to navigate EQUIPPP towards not only achieving MPS compliance but also harnessing organic and inorganic growth opportunities. Furthermore this addition to EQUIPPP is expected scale the operations of the Joint Venture with SenecaGlobal IT Services Private Limited and generate traction in EQUIPPP’s strategic subsidiaries i.e., Equivas Tech Innovations and ThreePointO Labs (pipeline) to implement and realize the laid down plans till date.

The Board of Directors of EQUIPPP convened on October 30th, 2023 approved the appointment of Mr. Amol Palkar as CEO, recognizing his proven expertise in the TMT sector and extensive experience in venture capital, private equity, mergers and acquisitions, and strategic advisory services.

“I am really excited to get the opportunity to kickstart EQUIPPP’s revenue traction and fill the numbers and story on this clean slate which was formed out of NCLT. My primary focus will be on MPS compliance while simultaneously leveraging my experience in mergers and acquisitions to drive inorganic growth” said Mr Palkar in a statement.

Mr Palkar is currently the Founder and Managing Partner of Kena Capital, a boutique advisory firm. Mr. Palkar holds an MBA from Cornell University’s Johnson School and is a Chartered Accountant from India. His previous associations include Cipher Capital, Deloitte Consulting (US), EY, ICICI, and ASK-Raymond James.