Aion-Tech Solutions531439Routine director change
Board approves Nagesh Madastu as Chief Growth Officer & Senior Management Personnel
Board approved Mr. Nagesh Madastu as Chief Growth Officer & Senior Management Personnel, effective 02.11.2026.
By ScoutQuest · · 2 min read
- Appointee & Role
- Mr. Nagesh Madastu as Chief Growth Officer & Senior Management Personnel
- Effective Date
- 02.11.2026
- Experience
- over 14 years of enterprise sales experience across cloud, SaaS and AI
What the Board approved
- At its meeting on Friday, October 23, 2026, the Board of Directors approved the appointment of Mr. Nagesh Madastu as Chief Growth Officer (CGO) and Senior Management Personnel (SMP).
- The meeting commenced at 04:15 p.m. IST and concluded at 04:50 p.m. IST.
Who is Mr. Nagesh Madastu
- An enterprise sales and business leader with over 14 years of experience in building and scaling technology businesses across cloud computing, Software-as-a-Service (SaaS), Artificial Intelligence (AI/GenAI) and digital transformation.
- Holds a Bachelor of Engineering (Hons.) degree in Computer Science from BITS Pilani.
- Currently serving as Head of Cloud Engagement, India, at Ankercloud Technologies, leading enterprise sales, strategic account growth and cloud transformation initiatives.
- Has held leadership positions at Eficens Systems and Workmates Core2Cloud, where he led the South India AWS business and managed a business portfolio.
- Also co-founded Gadgetbaski, an online marketplace for refurbished and unboxed smartphones.
Key terms of the appointment
- Date of appointment: 02.11.2026.
- Term of appointment shall be as mutually decided by the Board of Directors and Mr. Nagesh Madastu.
- Disclosure of relationships with other directors: Nil.
- Shareholding in the company: Nil.
How investors may read this
- This is a senior management appointment in a revenue-facing, growth-focused role. The profile emphasises enterprise sales, cloud, AI/GenAI and strategic partnerships.
- The perception it can create is that the company is adding leadership depth in the same technology and enterprise-sales areas it operates in, which may be seen as supportive of business development and market expansion efforts.
- The term of appointment is to be mutually decided by the Board and Mr. Madastu, so the tenure is not fixed in this disclosure.
- Mr. Madastu holds Nil shares in the company and has Nil relationships with other directors, as stated in the annexure.
This is an appointment disclosure; the impact on earnings would depend on how the role translates into business over time.
More numbers
- Experience of Mr. Nagesh Madastu in enterprise sales and technologyover 14 years
- Shareholding of Mr. Nagesh Madastu in the companyNil
Source: BSE · 23 Oct 2026
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