MAM
JSW Group elevates Kaustubh Kulkarni as group head of banking
Mumbai: The JSW Group, a leading diversified conglomerate with interests spanning steel, energy, cement, infrastructure, paints, sports, venture capital, defence and electric vehicles is pleased to announce the elevation of Kaustubh Kulkarni as the group head of banking, with immediate effect. In addition to his existing responsibilities as group head of M&A and strategic financing, Kulkarni will now oversee banking relationships across the group business verticals.
Kulkarni brings over 27 years of experience in banking and finance to his new role. He joined the Group in 2017 as the group head of M&A and strategic financing and has since been instrumental in executing several large strategic acquisitions. Prior to joining JSW, Kulkarni served as MD – debt capital markets at Standard Chartered Bank, India.
“We are delighted to appoint Kaustubh Kulkarni as the Group Head of Banking,” said Parth Jindal. “His proven track record in financial management and deep understanding of banking relationships will be invaluable as we navigate our growth trajectory. We are confident that under his leadership, we will optimize our financing strategies to support the Group’s ambitious expansion plans.”
Brands
Magellanic Cloud names Syed Ameeruddin CEO of e-surveillance arm
Keeping a sharper eye on the future, Magellanic Cloud is putting a seasoned watcher in charge.
MUMBAI – Magellanic Cloud Ltd. has elevated Syed Ameeruddin as Chief Executive Officer of its e-surveillance business, bringing its iVIS and Provigil operations under a unified leadership to accelerate growth in intelligent monitoring and infrastructure solutions.
Ameeruddin, a nearly two-decade veteran of the company, steps into the role after leading the e-surveillance vertical. His career trajectory—from Business Development Manager to the top of the vertical—reflects a steady climb built on operational depth, client engagement, and strategic execution across multiple subsidiaries.
Over the years, he has played a central role in expanding the company’s footprint, strengthening client relationships, and streamlining operations. He has also been instrumental in integrating acquisitions, helping align new businesses with Magellanic Cloud’s long-term strategy while stabilising performance across diverse domains.
More recently, Ameeruddin has contributed to securing key mandates spanning railways, the National Highways Authority of India, and the BFSI sector—wins that have bolstered the company’s order book and deepened its presence in critical infrastructure.
Commenting on the move, Joseph Sudheer Thumma said Ameeruddin’s leadership has been “pivotal in shaping the e-surveillance business,” citing his ability to drive growth, build teams, and deliver strategic wins as key to the company’s journey. His elevation, Thumma added, is expected to further accelerate expansion in AI-driven surveillance and infrastructure solutions.
The transition comes as demand surges for AI-enabled monitoring, centralised command systems, and large-scale deployments across mission-critical environments. Magellanic Cloud’s e-surveillance segment—anchored by iVIS and Provigil—has emerged as a significant growth engine, delivering projects across banking, transport, highways, and public infrastructure.
In his new role, Ameeruddin will focus on scaling platform capabilities, expanding deployments in complex environments, and developing integrated solutions that enhance real-time intelligence and operational resilience. He will continue to serve as Chief Operating Officer of the company alongside his new responsibilities.
With this leadership shift, Magellanic Cloud is doubling down on its ambition to stay ahead in India’s rapidly evolving surveillance ecosystem—where seeing, increasingly, is not just believing, but predicting.
