MUMBAI, India, Jan 28, 2015: Geometric Ltd. (BSE: 532312, NSE: GEOMETRIC), a leader in Product Lifecycle Management (PLM), Global Engineering Services, and Offshore Software Product Development (OSPD) solutions and technologies, announced that the company’s erstwhile Chief Mentor, Mr. Shashank Patkar will take over as the Chief Financial Officer and Global Head of Finance effective February 9th, 2015. Mr. Patkar takes over from Mr. Neeraj Dutt, who has decided to leave for personal reasons.
Shashank Patkar has been a part of the Geometric group since 1986 (when it was still a part of the EBE Division of Godrej & Boyce). He has played many key roles in the organization, including that of CFO from 2003 to 2007, and CEO of its joint venture company 3DPLM Software Solutions from 2007 to 2011.
Announcing the appointment, Mr. Manu Parpia, MD & CEO, Geometric said, “I am very pleased that Shashank has stepped up to take over as the CFO of the company. He was closely involved in setting up our information backbone, and has extensive knowledge and understanding of our financial operations. I am sure with his business acumen, connect with the investor community, and hands-on approach, he will be an immense strength to our finance organization. I take the opportunity to thank Neeraj for his contribution to Geometric’s progress”.
Mr. Patkar has over 28 years of experience in PLM and Engineering, and is one of the founding employees of Geometric. Before taking on the mantle of Chief Mentor, he served as the Chief Transformation Officer, responsible for driving Lean implementation, global process harmonization and re-implementation of ERP. Mr. Patkar is a Mechanical Engineer and holds an MBA from the S.P Jain Institute of Management & Research. He is a past President of Software Exporter’s Association of Pune and represents Geometric on various industries and government forums in Pune.
Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services, Product Lifecycle Management (PLM) solutions, Embedded System solutions, and Digital Technology solutions enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.
Listed on the Bombay and National stock exchanges in India, the company recorded consolidated revenues of Rupees 10.95 billion (US Dollars 181.39 million) for the year ended March 2014. It employs about 4400 people across 12 global delivery locations in the US, France, Germany, Romania, India, and China. Geometric was assessed as CMMI 1.1 Level 5 for its software services and is ISO 9001:2008 certified for engineering operations. The company’s operations are also ISO 27001:2005 certified.
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