Intellecap, a social investment banking and advisory firm, has appointed Krishan Sree Kumar to the post of CEO. Kumar, an alumnus of the Indian Institute of Technology Delhi and the Indian Institute of Management Bangalore, has over 25 years of experience in management, strategy, consulting, offshore services, IT and corporate finance.
Intellecap has two subsidiaries, IntelleCash Microfinance Network Company based in Mumbai, India, and Intellecap Inc. based in Palo Alto (California, USA). Intellecap has been backed by Dubai-based Legatum, who invested $8.4 million in the firm in 2007.
Kumar has worked with development finance institutions, the financial services industry, telecommunications companies, water and energy utilities, governments undergoing reform, and donor agencies across the globe. He has served clients in Africa, the Caribbean, Central America, East Asia, India, the Middle East, the UK, and the USA.
“We are fortunate to have someone of Sree’s calibre to lead Intellecap as it moves into a phase of rapid growth. We look forward to consolidating and furthering Intellecap’s position as a thought leader in the Consulting, Investment Banking and the Knowledge sector under Sree’s stewardship,” said Vineet Rai, Chairman and co-founder of Intellecap.
“As a significant investor in Intellecap, we believe that the company will play a leading role in helping businesses operating at the base of the pyramid achieve both scale and sustainability. We are confident that Sree’s experience and expertise in building and managing leading advisory businesses will be extremely helpful to ensuring that Intellecap can meet the growing demands of its clients that will benefit millions of poor people,” said Philip Vassiliou, Managing Director of Legatum Ventures.