People Digest: Altico CEO Sanjeev Agrawal quits; Flipkart names IS head

FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo

In the latest people moves, Sanjeev Agrawal, CEO of Altico Capital, has resigned from the company citing personal reasons. In another development, Flipkart has appointed ex-Wipro executive Sridhar Govardhan as Senior Director & Head of Information Security.

Altico CEO Sanjeev Agrawal quits

Sanjeev Agrawal, CEO of Altico Capital, has resigned from the company citing personal reasons.

“The Altico Board has accepted Agrawal’s resignation and is appreciative of the progress made under his leadership, on addressing the issues faced by the firm post the default in September 2019. The firm remains committed on working towards a resolution at the earliest,” the company said in a statement.

Agrawal, who was previously the COO of Altico, was in September appointed as the CEO with the full backing of the board in October 2019. When asked to consider extending his contract beyond March 2020, he expressed his inability, citing personal reasons.

Altico has been facing difficulties to repay debt. One of its three owners – Varde Partners – has proposed to infuse up to Rs1,000 crore as equity capital, The Economic Times reported on Thursday.

Flipkart ropes in Senior Director & Head- IS

E-commerce company Flipkart has appointed ex-Wipro executive Sridhar Govardhan as Senior Director & Head of Information Security.

In his new role, Govardhan will be based in Bengaluru.

Govardhan joins Flipkart after having completed 14 years in Wipro. His journey at Wipro started as Senior Manager- Information Security in 2005 and ended his services as Chief Information Security Officer. He holds a Masters’s degree in Technology from Birla Institute of Technology and Science, Pilani.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.