Bangalore-based Happiest Minds Technologies, a three-year-old IT services startup floated by former MindTree chairman and co-founder Ashok Soota, Friday said that the company’s chief executive officer and managing director Vikram Gulati has decided to step down from his position.
Ashok Soota, executive chairman, was in talks with Gulati about the location transition for quite some time, keeping organisational needs in mind, as the board members feeling the need of CEO and MD to be located in Bangalore.
But since it did not fit into Gulati’s personal priorities, it was mutually decided that Vikram Gulati should be free to pursue a path outside while Happiest Minds would initiate a search for his successor.
“Vikram has contributed enormously to getting Happiest Minds off the launching pad and achieve record-breaking performance. We wish him all the best in his career ahead,” Soota said in the statement.
“Happiest Minds’ search for the CEO and MD’s successor has progressed well and we will announce the name of the new CEO in due course,” he added. Gulati’s last day at Happiest Minds will be October 31, 2014.
“I have had an exciting career with Happiest Minds. I have no doubt that the excellent team at Happiest Minds will lead it to greater success,” Gulati said on his decision to move.
An Electrical Engineer and an MBA from Bombay University, Gulati has over 23 years of experience in the IT services industry and served as CEO and President of Intelligroup Inc from 2005 till 2011 prior to join Happiest Minds.
Happiest Minds currently has 85 customers and 1,250 people across the US, the UK, India and the Southeast Asia.
The company was launched in August, 2011 by Ashok Soota and a team of industry experts. It has positioned itself as a next-gen IT solutions & services company, enabling organisations to capture the business benefits of disruptive technologies of cloud computing, social media, mobility solutions, business intelligence, analytics and unified communications.
The company had secured a $52.5 million Series A funding led by Canaan Partners, Intel Capital and Ashok Soota.