Karthik Ranganathan
Pune
Summary
Dynamic business leader with a proven track record at Praj Industries, excelling in strategic planning and business development. Achieved 5 fold revenue growth in Bioenergy, secured significant contracts, and enhanced profitability. Expert in problem-solving and client relationship management, driving innovation and operational excellence across diverse markets.
Overview
23
23
years of professional experience
1
1
Certification
Work History
Business Head - Products & Services - Bioenergy
Praj Industries
04.2022 - Current
- Transformed the Bioenergy Products & Services business, increasing revenues fivefold from Rs. 55 Cr. in FY 2021-22 to Rs. 285 Cr. in FY 2024-25, which set a strong foundation for achieving our target of Rs. 450 Cr. in FY 2025-26.
- Secured contracts worth Rs. 124 Cr. for Carbon Capture Projects across Europe, Asia Pacific, and the Middle East in FY 2025-26, growing our presence significantly from Rs. 14 Cr. in FY 2021-22.
- Developed a Pan India dealership network, driving the growth of the Bioproducts division from Rs. 14 Cr. to Rs. 165 Cr. in FY 2024-25, which positions us to exceed Rs. 220 Cr. in FY 2025-26.
- Established a foothold in the Brazilian market for Bioproducts, generating Rs. 16 Cr. in revenue over two years, which broadens our international reach and diversifies our market presence.
- Enhanced profitability from Rs. 11 Cr. to Rs. 90 Cr. over the last four years, demonstrating effective financial management and strategic growth initiatives.
Head - Digital Transformation
Praj Industries
06.2020 - 03.2022
- Heading Digital activities across Operations (Engineering Standardization, Supply Chain & Manufacturing to improve turnaround time and improving capacity of Operations
- Launched a new Product leveraging Artificial Intelligence(AI) to assist in quick formulation for Industrial BioProducts leading to winning new customer accounts and Improving Revenue of Bioproducts by 25% in FY2021-22 as compared to Revenue in FY19-20
- Improved Customer complaint resolution TAT by 30% using Natural Language Processing (NLP)
- Led team in building Remote Monitoring Application of Customer Plants resulting in a differentiated offering for Operations and Maintainence business
Head - Corporate Strategy
Praj Industries
04.2012 - 05.2020
- Led corporate strategy initiatives to identify new businesses, which established a Renewable Gas Business that became Rs. 250 Cr. in revenue by FY23-24.
- Formulated actionable insights in 2018 that drove a remarkable 20% compound annual growth rate (CAGR) in the service business till FY22.
- Headed the acquisition of a process technology companies valued at 160 Cr, which enhanced our technological capabilities and strengthened our market positioning
- Collaborated with McKinsey & Co. to create long-term growth plans for the renewable business in India, aligning overall Vision of the company.
Project Manager
Cisco Systems, Inc.
05.2006 - 04.2011
- Executed several strategic beachhead projects (> USD 10 Million Revenues to India center) for Cisco leading to business process outsourcing of high availability software project to India from USA
- Influenced Pre-Sales & Product marketing leadership through subject matter expertise to out-sourcing of IT infrastructure software projects to India
Project Lead
Delphi Automotive Systems Private Limited
08.2002 - 04.2006
- Managed multi functional team of > 10 technical professionals for Delphi's next generation Engine Control Module Product Platform
- Delivered Critical High Speed Operating system Boot loader Software for Next Generation Hyundai vehicles
Education
Post Graduate Diploma - Artificial Intelligence
Texas McCombs School of Business
Texas, USA06-2020
MBA - General Management
Indian Institute of Management
Bengaluru, India03-2012
Skills
- Business Development
- Strategic Planning
- Problem Solving
- Client relationships management
- Profit improvement
- Organization Building
Certification
AWS Certified Machine Learning - Speciality
AWS Certified Solution Architect - Associate
Timeline
Business Head - Products & Services - Bioenergy
Praj Industries
04.2022 - Current
Head - Digital Transformation
Praj Industries
06.2020 - 03.2022
Head - Corporate Strategy
Praj Industries
04.2012 - 05.2020
Project Manager
Cisco Systems, Inc.
05.2006 - 04.2011
Project Lead
Delphi Automotive Systems Private Limited
08.2002 - 04.2006
Post Graduate Diploma - Artificial Intelligence
Texas McCombs School of Business
MBA - General Management
Indian Institute of Management
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