iValue InfoSolution has announced the appointment of IT veteran Shrikant Shitole as its chief executive officer (CEO). Shrikant has built a strong reputation in the industry on the back of his management leadership roles in B2B businesses across the IT, telecommunications, value-added services (VAS), software, and cyber security industries over the past 30+ years.
In this new role, Shrikant will be responsible for heading iValue’s business and operations in the areas of cloud services, cyber security, Internet of Things (IOT), Smart City, data centre services, IT infrastructure planning & management, as well as outsourcing services. The combination of Shrikant’s experience and iValue’s strong capabilities in these areas are expected to result in a win-win for both.
“I am delighted to welcome Shrikant as CEO of iValue. I have known him for a long time, and value his ability to develop, manage and grow product and solutions businesses. I look forward to leveraging his entrepreneurial abilities to disrupt existing markets and accelerate our growth into new segments. His strategic vision, as well as operational expertise and rigor, will be pivotal in the company’s next phase of growth, and the iValue Board looks forward to working with him.”
Founder & Managing Director
Shrikant takes over from KrishnaRaj Sharma (KRS), who led iValue through a strong period of growth and raised capital from highly reputed private equity firm, Creador. KRS has steered iValue to become an enterprise company with a significant footprint in India as well as the Southeast Asian (SEA) markets. KRS moves on to overseeing iValue’s Southeast Asian markets.
Welcoming the appointment, Varun Khandelwal, Director of Creador said, “I am pleased to welcome Shrikant into the role as Chief Executive. He has brought incredible experience, vision, and pragmatism to every organization he has been associated with. With his excellent leadership and business acumen, I am confident that iValue can become even more of a force to be reckoned with in the tech industry.” Creador is a leading South- and Southeast Asia-focused private equity firm, with over USD 2bn in assets under management. The company invested in iValue InfoSolutions in 2019.
Accepting the responsibilities that come with the leadership role at iValue, Shrikant Shitole said, “Thanks to KRS and his able leadership, iValue has grown into a remarkable organisation. It would be an honour to learn, work, deliver, and expand on our strategic imperatives to transform and modernise our business, remove complexity for our partners, and become an indispensable organisation behind the numerous brands we support.”
KrishnaRaj Sharma, Founder & Director of iValue InfoSolutions said, “We are excited to get Shrikant Shitole on board. I am confident that Shri, with his domain experience built throughout his career, is going to help iValue to create incredible value in the years ahead.”
Shrikant Shitole has over three decades of experience and significant exposure handling multiple global companies. In his last role at FireEye Technologies, he was designated Vice President, APAC prior to being Country Head for the India Region. Under his leadership, the company grew across all solutions and services sectors, also delivering one of the highest year-on-year growth performances in APAC. Shrikant’s previous assignments include stints Symantec Software Solutions, Nelco Ltd., Cisco Systems, Sify Ltd, Siemens Ltd and Tata Telecom Ltd.
Shrikant holds a Masters in Marketing Management (MMM) from Mumbai University and a Bachelor of Engineering in Electronics.