Shrikant Shitole, CEO | Thursday, 14 April 2022, 05:41 IST
"Leadership is the capacity to translate vision into reality," said leadership expert and organizational consultant Warren Bennis. His statement is being exemplified by iValue InfoSolutions, a premium technology enabler that has devised a strategic business growth plan for the next five years and is making great strides towards making it a reality. After recently bringing a new CTO on board, the company has now announced the appointment of IT veteran Shrikant Shitole as its CEO. iValue, as a technology enabler is looking to extend the core business by expanding the portfolios based on relevance and investing in promising adjacent markets.
The company has planned to execute a framework consisting of three distinct phases that will unfold during the coming fiscal year which will be defending, extending, and transcending the core business. It believes that Shrikant's expertise around cloud services, cyber security, IoT, smart city, data center services, IT infrastructure planning & management, and outsourcing services will be pivotal in paving the way for business growth.
Growing consistently at a CAGR of 40 percent YoY, iValue has been persistently investing in growth, allowing it to develop over 3x market growth rate in the last 10+ years. Its focus has been to address the complete needs around Data, Network and Application for enterprise customers in a consultative way.
The Growth Trajectory
Ever since the Private Equity (PE) investment in 2019, iValue has launched three main efforts to continue the company's growth trajectory:
Expand Geography Coverage: iValue expanded to South-East Asia with a Singapore office. The company appointed a CEO and team for South-East Asia covering SAARC markets with direct presence across Sri Lanka, Myanmar, Cambodia, Nepal, and Bangladesh along with Singapore & Malaysia.
Technology Investment: iValue established COE, training centres, and services connected to customer life cycle management in order to give a better customer experience and efficiency.
Exploring Acquisition: iValue has been actively pursuing inorganic growth opportunities across India, SAARC, and Southeast Asia to accelerate next phase of growth.
With Shrikant's 25+ years of strong leadership experience, iValue looks to turnaround the processes to grow five-fold in next five years. Shrikant has been known in the industry for his B2B business management leadership roles across IT, Telecom, VAS, Software, and Cyber security industries, in his energetic 30+ years of experience. At the executive helm of iValue, Shrikant, with his management skills, will focus on differentiating iValue to capitalize on the changing cloud adoption and cyber security landscape.
Shrikant takes over from Krishna Raj 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.
Bringing Into The Fold
Welcoming Shrikant into the new role, Sunil Pillai, Founder & Managing Director of iValue InfoSolutions said, "I am delighted to welcome Shrikant as the 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”.
Welcoming the appointment, Varun Khandelwal, Director of Creador said, "I am pleased to welcome Shrikant into the role of Chief Executive Officer. 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 $5 billion in assets under management. The company invested in iValue InfoSolutions in 2019.
Accepting the responsibilities that come with the leadership role at iValue, Shrikant said, "Thanks to KRS and his able leadership, iValue has grown into a remarkable organization. It would be an honour to learn, work, deliver, and expand on our strategic imperatives to transform and modernize our business, remove complexity for our partners, and become an indispensable organization behind the numerous brands we support".
“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”
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 create incredible value in the years ahead".
Expansion Strategy
With the addition of SEA market as part of iValue's geographic expansion strategy, there has been a build-up on consulting and services business over the last two years. iValue has seen encouraging response from enterprise customers which has led ivalue to continue its focus on consulting and services business for next few years. Apart from this, iValue plans to continue its focus on BFSI, Government and Enterprise practices which have always given iValue a heads-up around emerging needs at Top 100 customers. By analyzing these demands, iValue has been exploring and on-boarding the best available technology OEMs to address the market needs on an on-going basis.
“With Shrikant's 25+ years of strong leadership experience, iValue looks to turnaround the processes to grow five-fold in next five years”
Till date, iValue has served over 6000+ customers across industry verticals through 900+ partners and direct alliances with 75+ 'Best of Breed' Technology OEMs. The company has a direct presence across 18+ locations covering South-East Asia & Africa continents with Consulting, Solutioning, Vertical & Horizontal focused teams, addressing Technology enablement, Pre-sales, Sales & Post-sales needs of Customer for Private, Public and Hybrid cloud needs. iValue ASEAN operates with HQ in Singapore, with local entities in Cambodia, Bangladesh, Sri Lanka apart from Nairobi (Kenya) office for Africa foray.
Facilitating Optimization & Transformation
Being one of the market leaders in smart, cutting-edge technology solutions, assisting businesses in managing, optimizing, and protecting their digital assets, iValue stimulates creativity as a leading technology enabler by providing comprehensive services that support Data, Network, and Application (DNA) management for businesses. The company's 'Go to Market' portfolio consists of niche, compelling, and complementary offerings that assist businesses of all sizes and verticals with their optimization and transformation efforts by leveraging the Customer Life Cycle and Product Life Cycle Adoption framework.
"We strive to be the best at everything we do, from assisting customers in realizing their goals to making a positive impact on society with numerous CSR drives apart from maximizing the performance of our employees. This inspires us to come together to make an impact that matters in the world", says Sunil.
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