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CarDekho appoints Parthasarathy VS as independent director

With this appointment, the company aims to strengthen its board & overall corporate governance.

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Mumbai: Auto-tech company CarDekho Group has appointed Parthasarathy Vankipuram Srinivas as an independent director. The appointment is in line with the company’s objective of strengthening its board and overall corporate governance within the CarDekho Group. The company is gearing up for its IPO (Initial Public Offering) in the next 12-14 months.

A seasoned business leader with 36+ years of experience in globally reputed organisations across a wide range of sectors, Parthasarathy has worked with the Mahindra Group in leadership positions for over two decades and with Xerox for 14 years. He currently serves as the non-executive non-independent vice-chairman of Allcargo Logistics, an Independent Director of recently listed Life Insurance Corporation (LIC), Imperial Auto Industries, IAI Industries, Greencell Mobility, and serves as Director of Rudi Multi Trading Company, Kids Clinic India (Cloudnine) and ECU Worldwide.

CarDekho Group co-founder and CEO Amit Jain said, "We are delighted to have Partha join our board. His diversified rich experience will help us further strengthen corporate governance as we prepare for our IPO and the next phase of growth."

A chartered accountant from ICAI and ICAEW, UK, and an alumnus of Harvard Business School’s Advanced Management Program (2011), Parthasarathy is also the chairman nominee on the board of governance at the National Institute of Industrial Engineering (NITIE).

On his new role, Parthasarathy V S said, "CarDekho’s enduring vision, unparalleled track record and leadership position across various technology driven auto solutions have given it a great position in the market across India and abroad. I look forward to contributing in building on this success further."

Parthasarathy previously held several industry forum positions as a chairman of Sustainable Council of Federation of Indian Chambers of Commerce and Industry (FICCI) – 2021, president – Bombay Chamber of Commerce & Industry (2019-2020), chairman of Association of Finance Profession of India (AFPI) (2015-2020), besides working closely with ministry of finance through CFO Board, and on global advisory boards for CISCO/ SAP.

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