FoundIt Appoints Venkataramani Suresh as CEO
Portfolio - People | Dec 24, 2024 | Aim Group
FoundIt, a recruitment marketplace based in India and a subsidiary of Quess Corp, has appointed Venkataramani Suresh as its new CEO. Suresh brings over two decades of experience in digital transformation and online recruitment. He co-founded Karkinos Healthcare and served as its CEO, and previously held the position of Chief Business Officer at Matrimony.com. He holds an instrumentation and control degree from Maduri Kamaraj University. Ajit Isaac, MD of Quess Corp, praised Suresh's capacity to scale businesses and enhance the digital talent ecosystem, expressing anticipation for Suresh to further elevate the platform and services FoundIt offers. Suresh succeeds Chandra Sekhar Garisa, who led the rebranding of all Quess Corp-owned Monster job sites to FoundIt in 2022, and will continue to be involved in the company's strategic direction. In recent financial disclosures, Quess Corp's product-led businesses, including FoundIt, saw a significant revenue decline of 72.5% during a particular quarter, highlighting challenging market conditions that Suresh will need to navigate.
Sectors
- Recruitment and Talent Management
- Digital Transformation
- Corporate Services
Geography
- India – FoundIt is based in India, and the article emphasizes its operations within India, alongside APAC and Middle Eastern markets.
- APAC – The article mentions that FoundIt aims to drive innovation and growth across the Asia-Pacific (APAC) region.
- Middle East – The Middle East is another geographical focus for FoundIt's growth and operations under the new CEO.
Industry
- Recruitment and Talent Management – This industry is relevant as the article discusses FoundIt, a recruitment platform focusing on connecting talent with opportunities.
- Digital Transformation – With FoundIt's focus on an AI-driven platform and the mention of Suresh's experience in digital transformation, this industry is significant to the article.
- Corporate Services – Quess Corp offers a variety of business services, suggesting a broader classification encompassing talent services and beyond.
Financials
- INR393 million ($4.6 million U.S.) – Revenue for Quess Corp's product-led businesses, including FoundIt, in a particular quarter.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| FoundIt | Target Company | Company | An India-based recruitment marketplace and subsidiary of Quess Corp. |
| Venkataramani Suresh | Newly Appointed CEO | Person | Appointed CEO of FoundIt with a background in digital transformation and recruitment. |
| Quess Corp | Parent Company | Company | The parent company of FoundIt providing various corporate services. |
| Chandra Sekhar Garisa | Outgoing CEO | Person | Former CEO of FoundIt who led its rebranding and held strategic roles at Quess Corp. |
| Ajit Isaac | Managing Director of Quess Corp | Person | Commented on Suresh's appointment and his potential impact on FoundIt's growth. |
| Karkinos Healthcare | Former Company of Suresh | Company | Previously co-founded and led by Suresh. |
| Matrimony.com | Former Company of Suresh | Company | Formerly led by Suresh as Chief Business Officer. |