Narayana Murthy’s family office hires another Infosys veteran as chief

Catamaran, a private investment firm managing the wealth of Infosys co-founder and former chief NR Narayana Murthy, has seen a change of guard.

The family office, one of the largest among its peers in the country, has made direct investments in both privately held and publicly listed companies but lately has stuck to the private market.

It has now named Deepak Padaki as its President. Padaki will be responsible for driving the firm’s investment management strategy. He comes with three decades of experience in the global IT services and software product industry, having played various roles in strategy, M&A, venture funding and risk management.

Last month, he had quit as EVP, group head of strategy and M&A, and chief risk officer at Infosys, after three decades with the company.

Padaki had joined Infosys as a software engineer in 1992. He became the head of M&A in 2008 and later took on more responsibilities, including part of the chairman office.

At Catamaran, he takes the baton from another Infosys veteran, MD Ranganath.

Ranganath, former CFO at Infosys, had quit the firm and became the president at Catamaran in 2019. He now takes over as the chairman of Catamaran.

Catamaran is a multi-billion-dollar investment firm, headquartered in Bangalore. It is a stage-agnostic investor in assets in India as well as outside the country.

It has made investments across high-growth sectors including e-commerce, technology, financial services, consumer goods, healthcare and education. As per its website, its portfolio includes SpaceX, Dailyhunt, Udemy, Paperboat, Manipal Global, Marcellus, Acko, Reddit, Udaan, National Stock Exchange and Loco.