Former Infosys CFO Joins Chennai Firm – Unique Times
V Balakrishnan, the former Chief Financial Officer (CFO) of the major IT firm Infosys has joined the Chennai consultancy firm Kaar Technologies as an independent director on Friday. Chairman and CEO of Kaar Technologies, Maran Nagarajan has reported that he would also head audit committee of Kaar Technologies. Now the company hopes to maintain the current CAGR (compound annual growth rate) of over 50 per cent and attain Rs. 1,000 crore revenue by 2020. By saying this, Mr. Nagarajan added that Mr. Balakrishnan’s rich experience from Infosys will be used for the growth of the company in digital space. The company is growing exponentially and the CAGR grew up by 50 per cent since the last year. He also added that they hope to maintain that growth and are now looking ahead to reach Rs. 1,000 crore revenue by 2020. About the funds the board is yet to make a decision.
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