FTIL Board reaffirms its confidence in Management Team
to execute on its Founders’ Vision for ‘Digital India @ 2025’ as part of FT
3.0. ‘Made In India’ Technology to Build and Power India’s own equivalent of
Amazon, Google, Alibaba and Baidu et al over next 10 years. In the series of events, ODIN to be spun out as separate subsidiary or SBU to attract majority
strategic partner / investor was the highlight.
As the new directors were
welcomed, the experts in FTIL alluded that the vision 2025 for FTIL was
futuristic and pragmatic. The occasion of the expansion of FTIL board got stimulating
citations from the leaders of FTIL, as well as the new directors.
Mr Venkat Chary, IAS (Retd),
ex-Chairman FMC and Chairman FTIL, welcomed
the new Directors on the Board, saying - "Both Berjis and Anil are world
class industry seasoned professionals known for being highly independent and
vocal about corporate governance and protecting minority shareholder interest
on the companies where they serve on the Board, and FTIL will certainly benefit
from their experience as the company transforms itself under leadership of its
Founder and MD, Jignesh Shah, in to technology partner to build and power new
generation digital enterprises that will emerge over next 10 years as part of
his vision Digital India @ 2025. Prashant Desai is a thorough industry
professional and has played key role in IR and M&A over past year at FTIL."
Mr Jignesh Shah Founder and
MD of FTIL also congratulated the new
Board of Directors and said, "I have no doubt that the new Board coupled
with FTIL’s technology, scale and execution capabilities can significantly
contribute in creating & powering at least 100 new digital leaders in 10
key sectors over next 10 years. These new Digital Disruptors will be the bellwether
of inclusive development and growth besides creating a domino effect in the
ecosystem that will be breeding ground to more new entrepreneurs, start-up’s
and job creation and will become the showcase of Digital India by 2025."
Mr Berjis Desai said, “FTIL is a global leader in building robust, enterprise
class, scalable and cost efficient technology for developing but fast growing
markets like India, SE Asia, Middle East and Africa and I’m excited to be part
of its Board as the company embarks on its journey to shift orbit and become
preferred technology partner for India’s next emerging tech-enabled giants in
key vertical sectors, in line with its Founder’s vision of Digital India @
2025."
Mr Anil Singhvi said, "I believe, FTIL with its world class Talent,
Technology, Capital, Infrastructure and Leadership is ideally poised to become
the obvious choice as partner for entrepreneurs and organizations, who would
rather outsource the services and conserve the resources to scale up their
business. I’m excited about the journey ahead and optimist about FTIL
Management team’s ability to execute on Founder’s Vision of Digital India @
2025".
Mr Prashant Desai added to
their view saying, "Despite the recent challenges, there is renewed
positive energy within all corners of FTIL. The team is confident of its
ability and is confident that FT 3.0 will emerge as a unique Indian IT company
focused on ‘technology + innovation+ enterprise’ DNA of FTIL and in the process
create significant shareholder value. I am very happy to be on the Board."
Subsuming the views and quotations, the metamorphosis of FTIL with
the latest FT 3.0 technology complemented their views and space-age vision for
FTIL, to enthuse stakeholders with realistic growth that is expected to be
exponential in the coming times.
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