Appointed Mr. Ravi Janardhanan, as the Director -Executive and Chief Innovation Officer.
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Blue Cloud Softech's board appointed four new senior executives on May 23, 2025, including Mr. Ravi Janardhanan as Executive Director and Chief Innovation Officer, along with a new CISO, Chief Sales Officer and COO. The board approved a major acquisition of US-based AIS Anywhere for Rs. 752.32 crores through an all-share swap, issuing 32 crore equity shares at Rs. 23.51 each (5 Blue Cloud shares for every 1 AIS Anywhere share), making it a wholly owned subsidiary. AIS Anywhere reported turnover of $83.69 million in 2024 and operates in AI, cybersecurity, IoT and data analytics. The board also approved increasing authorised share capital from Rs. 63 crore to Rs. 80 crore, an investment limit of Rs. 1,300 crores in Indian/overseas entities, and raising up to USD 50 million via Foreign Currency Convertible Bonds.
This is a transformational deal that will substantially expand Blue Cloud's US presence and revenue base (AIS Anywhere's $83.7M turnover roughly matches a large addition to the company's top line). However, the 32 crore new equity shares issued via swap will meaningfully dilute existing shareholders, and the acquisitions and fund raises remain subject to shareholder approval at an upcoming EGM.