MAM
Catamaran announces leadership rejig: names M.D. Ranganath as chairman & Deepak Padaki as president
MUMBAI: Bangalore-headquartered investment firm, Catamaran has announced the appointment of M.D. Ranganath as its chairman. As a president of the firm for the last three years, Ranganath was instrumental in creating a strong foundation for growth of the firm’s investments and their performance.
Catamaran also announced the appointment of Deepak Padaki as its president. He will be responsible for driving the firm’s investment management strategy in its mission to nurture ideas from entrepreneurs into impactful business outcomes. Padaki has 30 years of experience in the global IT services and software product industry, having played various roles in strategy, M&A, venture funding and risk management.
“I am delighted on the appointment of Ranganath as chairman. He has helped the firm grow faster and emerge stronger as a key player in the market over the last few years”, said founder and chairman emeritus N.R. Narayana Murthy. “I am also very pleased to welcome Deepak. Catamaran will benefit from his experience and leadership as it prepares to scale in this next phase of its journey”, he added.
Catamaran Ventures is a venture capital fund set up by Infosys Technologies Ltd founder and chairman N.R. Narayana Murthy that focuses on investments in early stage and growth start-up companies. The company serves clients in India.
MUMBAI: In India’s fast-moving payments race, Visa has just swiped in a new leader. The company has named Suresh Sethi as its India country head, marking a key leadership shift as it sharpens its focus on digital payments growth in the market. Sethi steps into the role following his recent exit from Protean eGov Technologies, where he served as chief executive officer. He succeeds Sandeep Ghosh, who has moved on after more than four years at Visa to pursue an external opportunity.
The appointment comes at a time when Visa is doubling down on its expansion strategy across India and the wider region, deepening partnerships and accelerating adoption in an increasingly competitive digital payments ecosystem.
Sethi brings with him a broad, cross-market perspective shaped by decades of experience across corporate banking, retail financial services, mobile money and large-scale government technology initiatives. He began his career at Citigroup, where he spent 14 years working across India, Africa, South America and the United States, focusing on transaction banking services within the corporate bank.
His appointment signals a blend of institutional experience and market familiarity qualities that could prove critical as Visa navigates a landscape where fintech innovation, regulatory evolution and consumer adoption are all accelerating at once.
As digital payments in India continue to scale rapidly, the leadership change underscores a simple reality, in a market where every tap, scan and swipe counts, who leads the charge can matter just as much as the technology itself.
