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SUVIDHAA INFOSERVE ANNOUNCES STRENGTHENING
OF ITS TOP MANAGEMENT |
Appoints Mr. Paresh Rajde as the Executive Director & Chairman
and Mr. Haresh Bathija as its Chief Executive Officer |
Tuesday, 30 October 2012 Mumbai:
Suvidhaa Infoserve Private Limited (Suvidhaa), India’s largest & fastest growing S-Commerce® (Service Commerce) company announced the strengthening of its top management by appointing its Founder Mr. Paresh Rajde as the Executive Director & Chairman of the Company and appointing Mr. Haresh Bathija as its Chief Executive Officer. Haresh has been a Non-Executive Director on the Board of the company since 2008.
Suvidhaa has been growing significantly over the last 5 years and has scaled multi-fold in terms of its distribution network, customer- base & service bouquet enhancement. With the aim to step up the momentum gained & achieve further scale, the Board at Suvidhaa decided to strengthen the top management, hence the appointment of Mr.Bathija as its CEO. Haresh was earlier with Reliance Capital’s venture capital arm, Reliance Venture Asset Management and was on the Board of several portfolio companies in India and US.
In his new role as the Executive Director & Chairman, will continue to focus on building new business verticals & product strategies that will drive further growth and market positioning.
Commenting on Haresh Bathija’s appointment, Paresh Rajde said: “I am happy & delighted to welcome Haresh Bathija to the new role of Chief Executive Officer. Haresh Bathija, is part of the Suvidhaa family since 2008 as a member of our Board and knows the Suvidhaa business well. His vast experience across industries and with Suvidhaa will help the management team as we continue to grow the business. We are looking forward to his leadership in taking the company to greater heights”.
On his new role, Haresh Bathija said: “I am delighted to be taking charge as the Chief Executive Officer of Suvidhaa at this important stage in the development of the business. I have always had great belief and confidence in Suvidhaa’s business model as it has tremendous potential to grow manifold. Suvidhaa’s vast distribution network supported by its robust technology platform is ideally poised to leverage on several emerging opportunities, which I am sure will take the company to the next level. I am looking forward to working with the team as they implement their growth plans over the coming years. I thank the Board at Suvidhaa for resting confidence in me by giving this opportunity.” |
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| About Suvidhaa Infoserve Pvt. Ltd. |
Suvidhaa Infoserve Pvt. Ltd. (Suvidhaa) is headquartered in Mumbai, India. It offers individuals the means to make electronic payments for a variety of virtual products and services, making payments more convenient and cost effective and expanding consumer choice in the marketplace.
Suvidhaa has over 300 Brands/ Service Providers across various service categories ride on a home grown technology platform viz., the S-Commerce® (Service Commerce) platform to reach over 10 million customers. Suvidhaa has been consistently increasing its distribution network and currently has over 55,000 neighbourhood retail touch points in over 2800 towns across 28 States.
The company was founded in 2007 and currently employs over 200 staff with experience in retail payments, e-commerce, and technology. Suvidhaa also powers several Common Service Centres (CSCs) engaged in the National e-governance Plan. Suvidhaa conceived & launched the revolutionary Cash2Bank model partnering with YES Bank and Axis Bank to become the country’s largest BC agent network offering a migrant-friendly Money Transfer service. Suvidhaa’s socio-economic business model is acknowledged not just in India but across the world as a truly inclusive model which has remained unchanged & stood the test of dynamically changing business environments, technology improvisations, competition & regulatory changes over the years. Suvidhaa’s shareholders include the company’s founder Paresh Rajde; angel investor Shapoorji Pallonji Mistry; Norwest Venture Partners; Reliance Venture Asset Management Ltd.; International Finance Corporation (IFC, the World Bank Group) and Mitsui & Co., Ltd. |
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