At the Board meeting of Allsec Technologies Ltd held today, i.e. June 6, 2019, the board has approved the resignation of Mr. T. Anantha Narayanan, Non-Executive - Independent Director-Chairperson (DIN: 00007227), Ms. Lalitha Sankaran, Non-Executive - Independent Director (DIN: 01780757), Mr. C. Jayaram, Non-Executive - Independent Director (00012214), Mr. A. Saravanan, Non-Executive - Non Independent Director (DIN: 00033683) and Mr. R. Jagadish, Executive Director & CEO, (DIN: 00033589) with effect from June 6, 2019.
The board also approved the appointment of Mr. Sanjay Anandaram and Mr. Milind Chalisgaonkar as Non-Executive Independent Directors effective from June 6, 2019. Both the directors do not have any relationship with any of the Board of Directors of the Company.
Mr. Sanjay Anandaram holds a Bachelor's degree in Electrical Engineering from Jadavpur University in Kolkata and a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore. He has over 30 years of experience as a corporate executive, investor, teacher, and advisor to funds and entrepreneurs. He has been an Independent Director at Quess Corp Limited since December 2015.
Mr. Milind Chalisgaonkar is management consultant / independent director / mentor with experience in Insurance, BPO, Call center, Software, Manufacturing & Banking sectors. He is an Independent Director for Infrasoft Technologies Limited, a software company specialized in financial services domain. He is Director & co-founder of Spark Career Mentors Pvt. Ltd.
He was the Country advisor (India) for AXA group from 2010 to 2015 and from August 2013 till November 2017 he was Independent Director for Aegis Limited, a leading BPO service provider.
As the founding CEO, he was responsible for the formation and launch of Bharti AXA General Insurance Co, ajoint venture between Bharti Group & AXA (year 2007 to 2009).
From 2003 to 2006 he was the Managing Director of AX A Business Services, the BPO & Analytics operation of AXA Group in India.
He was the founding CEO of MphasiS BPO (MsourcE India), providing outsourced remote services like call centers, help desks, email response, transaction processing etc. The operations started in 1999 and grew to 2500 staff by year 2003.
At MphasiS (now MphasiS HP) he was the President (India Operations) from 1998 to 2000 and was responsible for setting up the software development facilities at Mumbai & Pune.
He was the President of H & R Johnson, the leading ceramic tile manufacturing company from 1993 to 1998.
From 1989 to 1993 he was managing large software projects at Citibank India. He was the best graduate trainee of 1985 batch at Tata Steel.
He is B.Tech (Ceramics) from Indian Institute of Technology at Banaras Hindu University, Varanasi (1981-85). He has Post Graduate Diploma in Business Management (MBA) from XLRI, Jamshedpur with 1st rank (1987-89). He specialized in Marketing and Systems.
Shares of ALLSEC TECHNOLOGIES LTD. was last trading in BSE at Rs.307 as compared to the previous close of Rs. 305.85. The total number of shares traded during the day was 2355 in over 11 trades.
The stock hit an intraday high of Rs. 313.95 and intraday low of 306.05. The net turnover during the day was Rs. 723556.