Network18 appoints Multiples PE’s Renuka Ramnath as additional independent director
MUMBAI: Network18 has appointed Renuka Ramnath as an additional independent director with effect from 1st April for a period of five years. The appointment is subject to approval of the shareholders of the company.
The company said that Ramnath is not related to any of the Directors of the Company and she is not disqualified or debarred from being appointed as director by SEBI, Ministry of Corporate Affairs or any such statutory authority.
Aged 57 years, Ramnath is Founder, MD & CEO, Multiples Alternate Asset Management. One of the most experienced private equity fund managers in India, Ramnath has a full cycle track record of investing capital raised from global Institutions.
She has over the course of three decades in financial services, successfully built several businesses. The young independent platform of Multiples set up in 2009 has some stellar successes under the leadership of Ramnath.
Ramnath started her career with the ICICI Group including stints in investment banking and e-commerce; she led ICICI Venture as the MD & CEO of ICICI Venture, to become one of the largest private equity funds in India, scaling the proprietary platform from $50 million to $2.5 billion under her management in 8 years.
In the Indian PE market, she has pioneered first-to-market transactions like leveraged buyouts and management buyouts for Info Media India, ACE refractories, VA Tech Wabag as well as incubated several companies. Ramnath has successfully built businesses and led teams on strategy formulation and delivering exits in different and varied situations.