MAM
Mindteck’s CEO logs out after five years of steering growth
MUMBAI: After five years at the helm, Mindteck’s managing director and CEO, Anand Balakrishnan, is set to bid adieu, with his resignation effective from 31 May 2025. The global engineering and technology solutions company announced that Balakrishnan will continue in his role for the next three months, ensuring a seamless leadership transition.
Reflecting on his tenure, Balakrishnan described the journey as both “rewarding and challenging,” stating, “With Mindteck well-positioned for continued success, I feel this is the right time for a leadership transition. My decision is based on personal reasons, and I look forward to focusing on these aspects at this stage in my life.”
Under his leadership, Mindteck saw significant transformation, with sustainable growth and improved liquidity shaping its trajectory. “While we regret to see Anand step down, we respect his decision,” said Mindteck chairman Yusuf Lanewala. “He has played a crucial role in positioning Mindteck for long-term success, and we extend our gratitude for his contributions.”
The Board has accepted his resignation and has tasked the Nomination and Remuneration Committee with selecting a suitable successor. As Mindteck gears up for its next chapter, all eyes are on who will take the baton to drive the company’s future growth.
Brands
Keventers names Shaurya Prabhat as CEO to drive next growth phase
Expansion push, Gen Z focus and new formats shape brand’s next chapter
NEW DELHI: Keventers has appointed Shaurya Prabhat as its chief executive officer, marking a new chapter for the heritage milkshake brand as it looks to scale up for modern consumers. He takes over from Agastya Dalmia, who steered the company’s revival and repositioned it for a younger audience.
Prabhat’s journey with Keventers began in 2017, when he joined to lead business development at a time when the brand leaned heavily on a franchise-led model. Since then, he has steadily expanded his remit across strategy, marketing, operations, HR and business excellence, becoming central to the company’s evolution.
Before joining Keventers, he worked at The Smart Cube, now part of WNS Global Services, where he advised Fortune 100 clients across sectors ranging from retail and banking to pharmaceuticals and oil and gas.
As CEO, Prabhat has set an ambitious agenda. The company plans to open 70 new outlets over the next year, triple its size within three years and double that scale again by year five. Alongside its core outlets, Keventers is exploring newer growth avenues including retail and FMCG, quick commerce and institutional sales, all under a broader “House of Brands” strategy.
The brand is also sharpening its appeal to Gen Z consumers, refreshing its menu with offerings such as waffles, boba and cheesecake ice creams while retaining its legacy charm.
Shaurya Prabhat said, “I’d like to thank the Board for entrusting me with the responsibility of shaping the company’s next phase of growth. What I’ve learned over eight years is that the mission never really changes: grow the company, grow the brand, and do it with honesty. If you manage your inputs with excellence, the outcomes take care of themselves. I’m extremely excited about the vast opportunities ahead for us.”
Keventers founder Agastya Dalmia said, “I have worked alongside Shaurya for over eight years and known him for longer. I have seen how he thinks, how he leads, and how deeply he cares about this brand. He has led almost all significant decisions we have taken over the years and helped us navigate through the most complex situations, from Covid and restructuring our business model to fundraising and governance. I could not be prouder of what we have built together, and I could not be more confident about what he will build next.””
With a mix of nostalgia and new-age ambition, Keventers now appears set to blend its storied past with a sharper, faster future under Prabhat’s leadership.
