Cemtrex Inc. announced it has appointed two new independent directors, Raju Panjwani and Sunny Patel, effective immediately. Raju is an accomplished executive with over 35 years of experience, including 20 years on Wall Street, and 20 years as an entrepreneur and business builder. Raju was a Managing Director with Morgan Stanley, where he spent 18 years in several senior roles in risk management, audit, strategy and being the Chief Operating Officer and Country Head for the Firm's India office.

Since leaving Morgan Stanley in 2005, Raju has considerable experience in emerging Asian markets, with a reputation built on focused execution, high integrity and strong relationships. Sunny Patel presently serves as a manager for Three Point Capital, a premier specialty finance company. He has vast experience in loan origination and creative financing vehicles for growth companies and project financing.

Before joining Three Point in 2010, Sunny was an equity derivatives trader at Group 1 Trading for several years. Two of the Board of Directors of Cemtrex, Ravi Narayan and Renato Delarama have also resigned in their roles as Board Members, but still continue to serve the company in their operational positions. Cemtrex now has four directors in total, two of which are independent.