NEW YORK, Feb. 12, 2025 – Aeries Technology, Inc. (“Aeries” or “the Company”) (Nasdaq: AERT), a leading provider of global capability center (GCC) solutions, today announced a strategic leadership realignment to drive sustainable growth and strengthen its market position.
As part of these changes, Ajay Khare, a founding partner of Aeries, has been appointed Chief Executive Officer, succeeding Sudhir Panikassery, who transitions to Non-Executive Vice Chairman on the Board. A key architect of Aeries’ growth since its inception, Ajay has played a pivotal role in shaping the company’s strategy, previously serving as Chief Revenue Officer and Chief Operating Officer. With a unique blend of operational expertise and commercial acumen, his extensive experience partnering with private equity firms and their portfolio companies gives him deep insight into value creation, operational transformation, and scalable growth. His ability to build high-performance teams and enhance efficiencies positions him to lead Aeries’ next phase of expansion.
As CEO, Ajay will focus on driving revenue growth, optimizing service delivery, and strengthening Aeries’ role as the go-to GCC partner for private equity firms. His appointment to the Board of Directors reinforces his leadership in shaping the company’s long-term strategy.
Additionally, Daniel Webb will take on the role of Chief Financial Officer while continuing as Chief Investment Officer. A seasoned investor and former investment banker, Daniel will focus on enhancing capital efficiency, optimizing cost structure, strengthening financial controls, and optimizing resource allocation to support Aeries’ long-term growth. As part of this transition, he will step down from the Board.
“These leadership appointments mark a key milestone for Aeries,” said Raman Kumar, Chairman of the Board. “With a strong executive team in place, we are poised to consolidate our position as the leading player in the GCC space. For over 25 years, Ajay has worked with me as the key leader in driving growth and operational excellence across businesses. His strategic expertise and execution capabilities make him the ideal leader for this next phase of Aeries’ growth, and I am confident the company will continue to thrive under his leadership.”
Ajay Khare added, “I am excited to lead Aeries in its next phase of growth, focusing on operational excellence and value-driven solutions. With a strong foundation in place, we will continue to enhance efficiencies and expand opportunities for our clients and stakeholders.”
With a sharpened focus on its core North American market, an optimized cost structure, and a strong leadership team, Aeries is well-positioned for sustained growth. The company’s disciplined approach—emphasizing high-value engagements, cost efficiency, and AI-driven transformation—reinforces its commitment to delivering best-in-class GCC solutions for private equity-backed businesses worldwide.
About Aeries Technology
Aeries Technology (Nasdaq: AERT) is a global leader in Global Capability Center (GCC) solutions. We establish GCCs for Private Equity’s Portfolio Companies and deliver a comprehensive suite of Advisory & Value Creation solutions. Leveraging advanced technologies like AI and automation, Aeries offers tailored engagement models designed to deliver flexible, impact-driven solutions with measurable outcomes.
Founded in 2012, Aeries Technology has grown to over 1,800 professionals, and its commitment to workforce development has earned it the Great Place to Work Certification for two consecutive years.
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