Jitendra Kulkarni quits from Redington

CHENNAI



OCTOBER 3, 2006

Redington India's high-profile CEO, Jitendra Kulkarni has quit the job to

pursue a career on his own. He is starting his own IT services venture soon and

will focus on supply chain management for IT distribution companies and vendors.

Kulkarni, who is currently traveling to Pune for some project-related work,

spoke to The DQ Week and confirmed his resignation from Redington India. “Yes.

The news about my resignation is true. And, September 30, 2006, was my last day

at Redington. Now, I am involved in my new project, which will take another

month's time to roll out,” said Jitendra Kulkarni.

In reply to a question about his new venture, Kulkarni said, “I will

announce it at the right time. All I can say now is am going to be in IT

business only, directly and indirectly supporting the distribution, sales and

logistics aspects of business which come under the wider scope of supply chain

management.” The project is currently under conceptual stage and Kulkarni sees

a big opportunity for his IT services, with VAT effectively coming into India.

Would Kulkarni's departure from Redington create a void at office and who

would succeed him are the million dollar questions in the industry circles.

Kulkarni joined Redington in October `98 as General Manager in Singapore, mainly

to put an ERP system in the IT framework. Within three months, R Srinivasan, one

of the directors and a key person at Redington, offered him the CEO post of

Redington India, seeing his skill sets and capabilities. No doubt, Kulkarni did

his job well and lived up to the expectations. He took Redington India from

strength to success, to make it a leading IT distribution house in the country

today. Kulkarni's many experiment and innovation in business turned out to be

very successful initiatives. Not to forget the company's recent venture in

consumer electronics/home appliances distribution with LG Electronics.

Before joining Redington in `98, Kulkarni worked with Tech Pacific. In fact,

he started his career with Godrej & Boyce in 1992, taking care of the EDP

activities. He was involved in various facets of business including payroll

management, manufacturing, finance and logistics, among others, which proved to

be the best learning ground for him. Kulkarni played a key role in the

organization, when Tech Pacific joint venture happened in 1995-96, by

implementing systems and processes for smooth and effective functioning of

business.

Kulkarni is basically a mechanical graduate from College of Engineering,

Karad (Maharashtra), coupled with management degree in finance from Narsee

Monjee Institute of Management Studies (NMIMS), Mumbai. Later, he also did a PG

diploma program in software technology from NCSD. Kulkarni hails from a place

called Wai in Satara District, Maharashtra, which is just 90 kms from Pune.

Currently, Kulkarni is settled in Singapore, where his family resides, though he

frequently shuttles between Chennai (India) and Singapore.

Meanwhile, the market news is that R Srinivasan, who created the CEO post for

Kulkarni in 1998, will come back to the helm at Redington India as MD, to manage

the overall show, while key people like PS Neogi and Kasturi Rangan will be

elevated to the post of presidents and Kulkarni's responsibilities will be

shared between them.