ITV News
CleanMax MD wears 600 staff photos on suit for NSE debut
Kuldeep Jain turns listing day into tribute to team effort
MUMBAI: When Clean Max Enviro Energy Solutions rang the opening bell at the National Stock Exchange of India on Monday, the sharpest detail on the trading floor was not the ticker. It was the managing director’s jacket.
Founder Kuldeep Jain arrived at the listing ceremony in a custom-tailored navy blazer that, at first glance, looked impeccably conventional. A closer look told a different story. The fabric was printed with 600 tiny photographs, each one a portrait of an employee. From boardroom executives to field technicians, every member of the workforce was stitched into the moment.
The gesture turned the usual IPO spotlight on its head. Rather than centre the narrative on leadership, Jain chose to make the debut a tribute to collective effort. CleanMax has scaled up to a renewable energy portfolio of 2.54 GW, supplying solar and wind power to industrial clients and data centres across India.
On paper, the listing carried weight. The issue size stood at Rs 3,100 crore, with shares offered in the Rs 1,000 to Rs 1,053 range. The company’s model focuses on enabling corporations to access renewable power without owning the infrastructure outright, allowing them to pay for the electricity they consume rather than the solar panels themselves.
Jain, a former partner at McKinsey, founded CleanMax in 2011 and has since helped pioneer this pay-per-use renewable model in India. Although the shares debuted at Rs 960, it was the founder’s wearable roll call that captured the morning’s attention.
In a sector often defined by megawatts and margins, the message was stitched in plain sight. Behind every green kilowatt is a human story.
ITV News
Sonata Software CEO Samir Dhir to exit, Rajsekhar Datta Roy named successor
Samir Dhir steps down after tenure, to stay on as advisor till December 2026
BENGALURU: Sonata Software Limited has announced a leadership transition, appointing Rajsekhar Datta Roy as chief executive officer, effective May 9, 2026, for a three-year term. He will lead the company’s international business as it sharpens its focus on AI-led transformation.
Roy, a long-time company veteran, brings over three decades of experience in scaling technology practices and managing global delivery operations for enterprise clients. He has played a central role in building Sonata’s Microsoft and Dynamics practices into key growth engines, while also driving strategy and large-scale digital transformation programmes.
Over the past year, Roy has been closely involved in steering Sonata’s shift towards becoming an AI-first organisation. He has led initiatives around the company’s responsible-first AI framework and contributed to the development of its Harmoni.AI platform, alongside efforts to improve operational margins through tech-driven efficiencies.
Prior to this elevation, Roy served as chief delivery officer, overseeing global delivery and operations, and was a key member of the executive leadership team shaping the company’s transformation roadmap.
The transition follows the exit of Samir Dhir, who will step down as managing director and CEO at the close of business on May 8, 2026. He has also resigned as executive director but will continue as an advisor to the board until December 31, 2026, ensuring continuity during the transition.
The board acknowledged Dhir’s tenure, noting that under his leadership, Sonata strengthened its position as a strategic partner for clients and advanced into its next phase of growth.
Sonata Software Limited executive vice chairman Srikar Reddy said, “Raj’s promotion to CEO underscores our confidence in his leadership and strong technology vision. His deep understanding of Sonata Software will help us continue building an innovative and trusted organisation.”
Sonata Software Limited chief executive officer Rajsekhar Datta Roy added, “I am honoured to step into this role and lead the company’s international business. Our focus will remain on strengthening core capabilities and accelerating AI-led modernisation journeys for our clients.”
With this leadership change, Sonata Software is signalling continuity with a forward-looking tilt, betting on internal leadership and AI capabilities to power its next phase of global growth.
