Catamaran Ventures appoints former Infy executives as President, President

Investment firm Catamaran Ventures on Friday appointed former executives MD Ranganath and Deepak Padaki as its president and chief executive, respectively.

Ranganath will replace Infosys and Catamaran, NR Narayana Murthy, who is now chairman emeritus of the investment firm.

In a statement, Catamaran said Badaki, who will replace Ranganath, will be responsible for leading the company’s investment management strategy to nurture ideas from entrepreneurs to business results.

Ranganath, who was Murthy’s longtime aide, resigned as chief financial officer of Bengaluru-based Infosys in 2018 after serving the company for 18 years. He has been President of Catamaran Ventures since October 2019.

Padaki will take over from Ranganath. He resigned from Infosys last month as executive vice president, group head of strategy and mergers and acquisitions and head of risk management, after serving at the company for three decades.

Launched in 2009 with an initial pool of $120 million, the fund currently manages more than $1 billion across asset classes. It has investments in companies such as beverage maker Paper Boat, space technology company SpaceX, Accu Insurance and news aggregator Daily Hunt.

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“He (Ranganath) has helped the company grow faster and emerge stronger as a major player in the market over the past few years,” Murthy said in the statement. “I am also happy to welcome Deepak. Catamaran will benefit from his experience and leadership as he prepares to expand into this next phase of his journey.”

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