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CaratLane CEO Avnish Anand
Online jewellery marketplace CaratLane has announced the appointment of Avnish Anand as its new Chief Executive Officer (CEO), effective immediately.
Avnish is an alumnus of ISI Kolkata and IIM Lucknow and has joined CaratLane as its first employee and has been an integral part of the founding team.
According to the company, Gurukeerthi Gurunathan will continue to serve as the Chief Technology Officer of CaratLane. Guru, with a master's degree from IIM Bangalore and experience working with renowned Fortune 500 companies, including a stint in Silicon Valley, brings valuable technological expertise to the team.
Gurukeethi played an important role in developing the technology infrastructure that drives CaratLane's omnichannel operations and digital experiences, the company said.
The development comes after Titan Company acquired a 27.18% stake in Caratlane held by the founder and his family members for Rs 4,621 crore.
C K Venkataraman, MD of Titan, said, “We are delighted to appoint Avnish as CaratLane’s new Chief Executive Officer. Avnish comes with exceptional strategic and people leadership capabilities and has been instrumental in making CaratLane the true omnichannel brand. As CaratLane and CaratLaners look to the future with great excitement and confidence, I am sure Avnish will provide the right leadership that will enable the creation of the highest standards of excellence in everything we do and reach for the stars through those standards.”
Avnish Anand, Chief Executive Officer (CEO) of CaratLane, said, "Being a part of the founding team here at CaratLane, I’ve seen the brand’s evolution up close and it’s been such a remarkable journey. Mithun has been a pillar of support and a sounding board for all my ideas these past years, so of course it’s sad to see him go. But I’m really excited for this new chapter as we have a great opportunity to build a bigger and more remarkable business in front of us. It’s definitely a moment of pride for all of us and we look forward to working more closely with the Titan leadership on this exciting journey."
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