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Geometric appoints Arvind Kakar as CFO
MUMBAI, India, October 21, 2011: Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC), announced the appointment of Mr. Arvind Kakar as the Chief Financial Officer and Global Head, Finance & Accounts effective October 7, 2011. Mr. Kakar has over 21 years of experience in the finance industry across multiple verticals like healthcare, financial services, and manufacturing industry; and will be responsible for the company's worldwide financial planning and analysis, legal, and administration.
Announcing the appointment, Mr. Manu Parpia, MD & CEO, Geometric said, “We are very pleased to welcome Arvind to the senior management team. We have embarked on a journey to transform our Company through improvements in internal productivity and accelerating growth. His financial acumen and experience will be of vital assistance in helping us achieve our targets”.
Prior to joining Geometric, Mr. Kakar served as the CFO of Max Healthcare Institute Limited, and had also worked with Tata Finance, Max India, and Hero Honda Motors. In his previous roles, Mr. Kakar has been instrumental in driving a number of initiatives in strategic planning and analysis, cost control initiatives, capital and revenue budgeting, working capital management, as well as investor relations. Mr. Arvind Kakar is a Chartered Accountant and holds a bachelor’s degree in commerce from Delhi University.
Mr. Kakar said, “Engineering services outsourcing is at an inflection point for accelerated growth, which will give specialists like Geometric that are already in this space a decided edge. I look forward to being a part of this evolution.”
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
Headquartered in Mumbai, India, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of Rupees 6.21 billion (US Dollars 136.47 million) for the year ended March 2011. It employs over 3900 people across 11 global delivery locations in the US, Romania, India, and China. Geometric was assessed as CMMI 1.1 Level 5 for its software services and is ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.
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