Zensar Names HCL Tech's Sandeep Kishore As CEO

by CXOtoday News Desk    Dec 14, 2015


Zensar Technologies has appointed HCL Technologies’ Sandeep Kishore as chief executive officer and managing director, to take over from long-time head Ganesh Natarajan. Kishore currently served as Corporate Vice President – Life Sciences Healthcare and Public Services Sales at HCL Technologies.

The news published on ET said Kishore will join the RPG Enterprises-group company on the 12th of January. In fact it was ET which first reported in November that Zensar was looking for a CEO to replace Natarajan whose term ends in April. The company, owned by Harsh Goenka, has appointed executive search firm Russell Reynolds to scout for a new chief executive. Natarajan, who has been at the helm of the company since 2001, confirmed too that the firm was looking for a CEO without mentioning any specific timeline.

Zensar is a leading provider of technology services to global clients in the manufacturing, retail and financial services verticals. It offers end-to-end capabilities in Oracle implementation and maintenance. Natarajan has been credited for taking the company’s revenues from Rs 40 crore to over Rs 2500 crore. However the IT firm has been reportedly looking at its portfolio with a more global outlook, and therefore looking for a new head.

Zensar has been making investments in acquiring capabilities in the digital segment. Last year, it purchased ecommerce technology firm Professional Access to help scale its digital business. Digital was about 13% of revenue at the end of FY15 and is expected to contribute at least 20% of revenue in next few years, the news site reported. In October, private equity group Apax Partners acquired a 23.2% stake for Rs 860 crore by buying out existing investor Electra Partners.

“The future holds immense opportunities in an increasingly digital world for us. I am delighted to welcome Sandeep Kishore who has impressive credentials and I am sure he will help Zensar ride the next wave of opportunities that the IT industry presents. I also take this opportunity to thank Ganesh Natarajan for his valuable contribution to Zensar’s growth journey this far,” Harsh Goenka, chairman at Zensar, said in a statement.

Natarajan also currently heads the industry’s social outreach efforts through NASSCOM Foundation may move out to pursue a key role in skill development or the social sector.

“This is an incredible opportunity to lead Zensar into the next phase of transformation and growth. In a world driven by digital, cloud, IoT andanalytics, organizations globally are looking for partners who bring new ideas and push the boundaries to create greater and meaningful impact. I look forward to working with a great set of people at Zensar to deliver these to our customers, partners and stakeholders,” Kishore said in a statement.

A results-driven leader with the ability to implement innovative and transformational programs, Kishore’s high-energy focus on delivering performance improvements and driving business outcomes had taken HCL to new heights. His leadership contributed significantly to its growth through multiple innovative, transformational and strategic partnerships with several Fortune 1000 companies.

He was also in the Personal Systems Division senior management team at HCL India, and Product Management of HP Products in the HCL – HP joint venture during the early nineties. In 2001, he led the entire operations, including Strategy, Market Creation, Business Development and Offshore Project Execution, of a software services start-up company in San Francisco.

Sandeep has over 25 years of experience in the IT industry, spanning across IT, Engineering and Business Process Outsourcing. He is an alumnus of IIT Bombay, India, and based in Silicon Valley, California.