Previous to becoming a member of CMS Information Techniques, Bhirani was the COO at edtech agency Byju’s the place he spent over two years constructing and managing the hybrid studying enterprise throughout 300+ new centres and driving their operational transformation technique throughout gross sales, logistics and end-user expertise.
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| Providing School | Course | Web site |
|---|---|---|
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| Indian Faculty of Enterprise | ISB Skilled Certificates in Product Administration | Go to |
With over 26 years of management expertise throughout India, the UK and the US markets, Bhirani has beforehand labored at mid-sized IT providers agency Mphasis for over 18 years, following which he led its subsidiary Digital Danger within the US. Later, he additionally had a two-and-half-year stint with new-age mobility agency Ola.
“To allow our sturdy income progress of over 20% within the final three years, we’ve got made vital investments in expertise and automation… I’m delighted to have Puneet be a part of the CMS management group to assist us proceed rising our logistics and expertise enterprise platform,” Rajiv Kaul, govt vice chairman and CEO of CMS Information Techniques, mentioned in an announcement.
A mechanical engineer, Bhirani pursued administration at Mumbai’s SP Jain Institute of Administration & Analysis adopted by a sophisticated administration programme from Wharton Enterprise Faculty.
Final month, Hong Kong-based personal fairness main Baring Personal Fairness Asia by way of its affiliate Sion Funding Holdings, totally exited its 26.7% stake in CMS Information Techniques estimated to be price Rs 1,503.8 crore.
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As a part of the transaction, Kaul elevated his stake within the agency to six.20% from 2.62%.Some mutual funds and personal buyers together with Abu Dhabi Funding Authority, Morgan Stanley Asia Singapore PTE, Mathew Cyriac of Florintree Advisors, Nomura Funds Eire Public, Societe Generale and Hong Kong-based hedge fund WF Asian Reconnaissance Fund, amongst others, additionally purchased shares from Barings.
Baring PE had acquired 100% stake in CMS Information Techniques in August 2015 from US-based PE main Blackstone and different shareholders for Rs 2,000 crore.
Listed in December 2021, CMS Information Techniques is reported to have delivered 34% earnings CAGR over the past two years.
It posted a 19% year-on-year rise in its income for the third quarter ended December at Rs 582 crore whereas internet revenue grew 15% to Rs 87 crore.
