Mumbai: CaratLane has elevated Avnish Anand, currently chief operating officer of CaratLane, as its new chief executive officer (CEO) with immediate effect. Anand, an alumnus of ISI Kolkata and IIM Lucknow, was employee No.1 at CaratLane and an integral part of the founding team. He has played a stellar role in building CaratLane into what it is today.
Gurukeerthi Gurunathan, another veteran of CaratLane and the person who has built the technology infrastructure that powers CaratLane’s omni channel business and digital experiences, will continue to play an important role as the chief technology officer of CaratLane. Gurunathan is a seasoned technology leader who holds a master’s degree from IIM Bangalore and has worked with some marquee Fortune 500 companies including a stint in Silicon Valley.
Titan, on 19 August 2023, announced the acquisition of the full stake held by the founder Mithun Sacheti and his family members subject to the completion of customary regulatory approvals.
Commenting on the announcement, Titan managing director C K Venkataraman said, “We are delighted to appoint Avnish as CaratLane’s new Chief Executive Officer. Avnish comes with exceptional strategic and people leadership capabilities and has been instrumental in making CaratLane the true omni channel brand. As CaratLane and CaratLaners look to the future with great excitement and confidence, I am sure Avnish will provide the right leadership that will enable the creation of the highest standards of excellence in everything we do and reach for the stars through those standards.”
Anand on his appointment as the CEO of CaratLane said, "Being a part of the founding team here at CaratLane, I’ve seen the brand’s evolution up close and it’s been such a remarkable journey. Mithun has been a pillar of support and a sounding board for all my ideas these past years, so of course it’s sad to see him go. But I’m really excited for this new chapter as we have a great opportunity to build a bigger and more remarkable business in front of us. It’s definitely a moment of pride for all of us and we look forward to working more closely with the Titan leadership on this exciting journey."
