NIIT Limited announced that at its board meeting held on May 24, 2023, the board approved the appointment of Mr. Rajendra Singh Pawar, Non-executive chairman as whole time director and redesignation as executive chairman of the company, liable to retire by rotation for a period of 5 years with effect from May 24, 2023, subject to approval of shareholders. The board approved the appointment of Mr. Srikanth Velamakanni as additional director (Non-executive/independent) of the company with effect from May 24, 2023. The appointment shall be for a term of five years, subject to the approval of shareholders.

The board approved the appointment of Mr. Arpita Bisaria Maljotra as company secretary & compliance officer of the company with effect from May 24, 2023. share has been the company secretary of a subsidiary of the company. Mr. Deepak Bansal has been transferred to the transferee company as part of CLG Business Undertaking and he has been appointed as company secretary & compliance officer of transferee company with effect from May 24, 2023.

Accordingly, he ceases to be company secretary & compliance officer of the company with effect from May 24, 2023. Ms. Leher Vijay Thadani, on her appointment as non-executive director on the board of the tranferee company and also in view of her not being able to give sufficient time and do justice to the position as board member at NIIT Limited, has resigned and cease to be non-executive director of the company with effect from May 24, 2023. Srikanth Velamakanni is the Co-founder, Group Chief Executive, and Executive Vice Chairman of Fractal, one of the leading players in artificial intelligence and digital transformation.

Since Srikanth co-founded Fractal in 2000, the company has raised more than USD 300 million from private equity investors and has empowered more than 100 Fortune 500 companies with its AI, data, and analytics-driven business strategies. Under his leadership, Fractal has developed several product lines within the company, including Cuddle.ai, Eugenie.ai, and Qure.ai. Srikanth serves on the board of Qure.ai - which has recently received 16MM USD in funding less than three years after incubation.

Srikanth is also a Co-founder and Trustee of Plaksha University, which focuses on core engineering, AIML, and mathematics, and promotes interdisciplinary learning by bringing together science and liberal arts. In addition, Srikanth is a member of the NASSCOM Executive Council, where he serves as a subject matter expert on data and AI. Prior to co-founding Fractal, he was an investment banker, working on structured debt and CDOs.

He is also an Independent Director on the Board of Metro Brands Limited and ideaForge Technology Limited Srikanth's passion for AI and analytics has made him a thought leader in the space and an admired public speaker. He considers himself a lifelong student of mathematics, behavioral economics, neuroscience, and consumer behavior. Srikanth completed his B.Tech in Electrical Engineering from the Indian Institute of Technology (IIT), Delhi, and holds an MBA in Management, Finance and Marketing degree from the Indian Institute of Management (IIM), Ahmedabad.

Arpita B Malhotra is a Company Secretary with around 15 years of experience in legal and secretarial functions. Arpita is a Fellow member of the Institute of Company Secretaries of India (ICSI). She has done her Bachelor of Commerce from Mumbai University, Bachelor of Law (LLB) from Government Law College, Mumbai University and Masters in Business Law (MBL) from National Law School of India University (NLSIU).

Arpita is associated with NIIT group since February 2016. Earlier she has worked with Pfizer Limited, HB Group and GYS Group. Ravinder Singh accepted the position of board of NIIT Learning Systems Limited.

In view of this, he is not able to give sufficient time and justice as board member at NIIT Limited. Hence he would like to step down from the board of NIIT Limited with effect from May 24, 2023. Sangita Singh is accepted to join the board of NIIT Learning System Limited.

In view of this, he will not able to give sufficient time and do justice as board member at NIIT Limited, he would like stepdown from the board of NIIT Limited with effect from May 24, 2023.