Management Change29 May 2026, 11:11 pm

Crescentis Capital Re-appoints MD & CEO for Five Years

AI Summary

Crescentis Capital Ltd has re-appointed Mr. Subba Rao Veera Venkata Meka as Managing Director and Mr. Bhavanam Ruthvik Reddy as Whole Time Director & CEO for a further term of five years, effective September 12, 2026. The re-appointments, approved by the Board on May 29, 2026, are subject to shareholder approval at the upcoming General Meeting and other regulatory requirements. Mr. Meka has over four decades of experience in banking and financial services, while Mr. Reddy is related to Mr. Bhaskara Rao Bollineni.

Key Highlights

Mr. Subba Rao Veera Venkata Meka re-appointed as Managing Director for five years.
Mr. Bhavanam Ruthvik Reddy re-appointed as Whole Time Director & CEO for five years.
Re-appointments effective from September 12, 2026, subject to shareholder approval.
Board approval granted on May 29, 2026, based on Nomination and Remuneration Committee recommendation.
Mr. Reddy is related to Mr. Bhaskara Rao Bollineni.

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SODFC

Non Banking Financial Company (NBFC)

SOM DATT FINANCE CORPORATION LTD.

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