Management Change30 Oct 2026, 08:51 pm
Updater Services Subsidiary Appoints New CEO
AI Summary
Updater Services Limited announced the appointment of Mrs. Jigyasa Sharma as Chief Executive Officer-Designate of its subsidiary, Matrix Business Services India Private Limited (Matrix), effective December 1, 2026. She will officially take over as CEO of Matrix on April 1, 2027. This is part of a planned succession as the current CEO, Mr. Ravi Shankar, is set to retire but will continue with the company in a new capacity. Mrs. Sharma, currently a Whole-time Director at Updater Services, brings extensive experience in strategy, technology, and public policy.
Key Highlights
- Jigyasa Sharma appointed CEO-Designate of subsidiary Matrix Business Services.
- Full CEO role at Matrix effective April 1, 2027.
- Planned succession due to current CEO's retirement.
- Mrs. Sharma has a strong background in strategy and public policy.
- Appointment approved by boards of both Matrix and Updater Services.
Price Impact
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