Former Infosys hand to join Shibulal's family office
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V Ganapathy Subramanian, who till very recently was formulating and implementing planning and strategy at information technology major Infosys, will now help the Bangalore-based company's chief executive manage his family office.
According to multiple sources, Subramanian, earlier the head of planning and strategy at Infosys, is soon going to join Chief Executive Officer S D Shibulal's family office, Innovations Investment Management India.
In Infosys' latest reshuffle, the planning role went to Deepak Padaki, while Ranganath D Mavinakere handles corporate strategy functions, among others. Shibulal is to retire soon as CEO of Infosys.
Subramanian joined Infosys in 2005. On being asked, he confirmed his resignation but declined to comment on future plans. A mail to Shibulal did not elicit any response and repeated attempts to speak to him over phone also did not yield any result. Senthik Kumar V, who presently looks after Shibulal's family office as a director and senior vice-president, did not reply to a mail sent last week.
Innovations Investment Management India is a private limited company that manages the family wealth. It has presence in hospitality and real estate businesses. According to various reports, the family office manages around Rs 6,500 crore through various assets, including Shibulal's family's holdings in Infosys.
Among others, it owns a resort in Coorg and around 900 acres of coffee and cardamom plantations at Valparai in Tamil Nadu and Sakhleshpur in Karnataka. It also part-owns Avant Garde Hospitality, which runs fine dining restaurants Caperberry and Fava in Bangalore. The company also owns apartments in Germany and the US, including around 800 apartments in the Seattle and Bellevue areas, rented to global companies such as Microsoft, Amazon and Starbucks. The family office is currently developing two luxury hotel properties in Kodaikanal and Thiruvananthapuram.
Shibulal's family also owns two foundations - The Sarojini Damodaran Foundation and The Advaith Foundation - with a focus on supporting education and health care. Advaith manages Samhita Academy, a co-educational day school, considered a top most educational institute in Bangalore.
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