IndoStar Capital Chief Executive Deep Juggi quits after short stint

Company elevates Chief Risk Officer K Srinivasan as CEO

Deep Juggi, chief executive officer, at a Brookfield Private Equity backed IndoStar Capital Ltd, has resigned after a short stint lasting just over a year, citing personal reasons.

It elevated Karthikeyan Srinivasan, the Chief Risk Officer (CRO) at Indostar, as CEO to succeed Jaggi. Srinivasan joined as CRO in May 2022 and has been responsible for reviewing policies, assessing the impairment of assets and changes to processes to reduce risks to assets. It also appointed new chief financial Officer Vinod Panikar in December 2022.

Its stock closed 1.8 per cent lower at Rs 147.65 per share on BSE.

Jaggi was