ICRA has announced the appointment of Jayanta Chatterjee as the Managing Director and Chief Executive Officer of ICRA Analytics Limited (IAL), a wholly-owned subsidiary of ICRA. In this role, Jayanta will be responsible for shaping business strategies, aligned with the group's objectives, product and revenue diversification, and business transformation.
Effective September 14, 2023, Jayanta will succeed Sushmita Ghatak, who has resigned to pursue other opportunities. With a career spanning over 33 years, he has dedicated 28 years to ICRA, holding various senior positions across different functions. Before this role, he was the Executive Vice President and Head of Strategic & Emerging Corporates Group at ICRA Limited.
Jayanta holds a B. Tech (Hons) degree in Mechanical Engineering from the Indian Institute of Technology, Kharagpur, and has done his Post Graduate Diploma in Management from the Indian Institute of Management, Calcutta.
Speaking on the appointment, Ramnath Krishnan, MD & Group CEO at ICRA, said: "Jayanta brings a very rich and varied experience to the table. With this experience, his familiarity with the market needs and extensive customer connect in the Risk Analytics space, I believe he can add tremendous value. This will help immensely in growing our non-ratings businesses and in diversifying the revenue streams, consistent with our Strategic Objectives."
Commenting on the appointment, Jayanta said "I want to acknowledge the trust and confidence that the company has placed in me. I am excited to work alongside the dedicated team members and employees who have contributed to the company's success. Together, we will continue to strive for excellence, innovation, and sustainable growth".
Shares of ICRA Limited was last trading in BSE at Rs. 5932.80 as compared to the previous close of Rs. 5972.25. The total number of shares traded during the day was 195 in over 105 trades.
The stock hit an intraday high of Rs. 5992.45 and intraday low of 5904.60. The net turnover during the day was Rs. 1158696.00.