Wednesday, 26 April, 2017
Tata Communications today announces the election of Ms. Renuka Ramnath as the new Chairperson of the Board of Directors and the successor to Subodh Bhargava. An Independent Director of the Board since December 2014, Renuka is a doyen of corporate finance and a private equity veteran with an unparalleled track record. After a very successful stint in the ICICI Group for close to two and a half decades, she set up Multiples in 2009. Today Multiples is a US $ 1 billion Independent Private Equity platform that has the rare distinction of being backed by marquee Indian and global institutions including pension funds, sovereigns and banks. Renuka draws immense satisfaction from the fact that she has over several years guided and supported entrepreneurs to build successful businesses and create valuable enterprises.
Commenting on Renuka’s election, Vinod Kumar, Managing Director and Group CEO, Tata Communications, said, “This is a significant and exciting appointment for us. Renuka holds a very strong record in creating wealth and value for businesses of all kinds. Having her as our Chairperson enables us to continue to ensure Tata Communications generates positive impact and delivers value to all our stakeholders including our customers, partners and shareholders.”
“It has been a privilege to have been the Chairman of the Board for the last 12 years and to have witnessed the transformation of this organisation from a national player to a global communications leader with customers across the world. Tata Communications is an ideal example of a successful Government-Private partnership and my thanks to both the Government and the Tata Group for supporting me during my tenure as Chairman.” said Subodh Bhargava, the previous Chairman of the Board of Tata Communications. “Tata Communications has tremendous potential and I wish Renuka and everyone at Tata Communications all success in their future endeavours.”
About Tata Communications
Tata Communications Limited (CIN no: L64200MH1986PLC039266) along with its subsidiaries (Tata Communications) is a leading global provider of A New World of Communications™. With a leadership position in emerging markets, Tata Communications leverages its advanced solutions capabilities and domain expertise across its global and pan-India network to deliver managed solutions to multi-national enterprises, service providers and Indian consumers.
The Tata Communications global network includes one of the most advanced and largest submarine cable networks and a Tier-1 IP network with connectivity to over 240 countries and territories across 400 PoPs, as well as nearly 1 million square feet of data centre and collocation space worldwide.
Tata Communications’ depth and breadth of reach in emerging markets includes leadership in Indian enterprise data services and leadership in global international voice. Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India.
Forward-looking and cautionary statements
Certain words and statements in this release concerning Tata Communications and its prospects, and other statements, including those relating to Tata Communications’ expected financial position, business strategy, the future development of Tata Communications’ operations, and the general economy in India, are forward-looking statements. Such statements involve known and unknown risks, uncertainties and other factors, including financial, regulatory and environmental, as well as those relating to industry growth and trend projections, which may cause actual results, performance or achievements of Tata Communications, or industry results, to differ materially from those expressed or implied by such forward-looking statements. The important factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements include, among others, failure to increase the volume of traffic on Tata Communications’ network; failure to develop new products and services that meet customer demands and generate acceptable margins; failure to successfully complete commercial testing of new technology and information systems to support new products and services, including voice transmission services; failure to stabilize or reduce the rate of price compression on certain of the company’s communications services; failure to integrate strategic acquisitions and changes in government policies or regulations of India and, in particular, changes relating to the administration of Tata Communications’ industry; and, in general, the economic, business and credit conditions in India. Additional factors that could cause actual results, performance or achievements to differ materially from such forward-looking statements, many of which are not in Tata Communications’ control, include, but are not limited to, those risk factors discussed in Tata Communications Limited’s Annual Reports. The Annual Reports of Tata Communications Limited are available at www.tatacommunications.com. Tata Communications is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements.
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