At the latest Board Meeting of business incubator T-Hub, the Board of Directors discussed the reorganization of the leadership team post the resignation of its CEO, Jay Krishnan.
On accepting his resignation, the Board agreed to appoint Srinivas Kollipara as interim CEO from the 15th September 2018.
Commenting on the development, the Board stated, “We thank Jay for his outstanding contributions during his tenure to bring T-Hub to great heights of success. We wish him the best in his future endeavors.”
To lead T-Hub into the next phase of growth, the Board has commissioned a search firm to look for the next CEO for the company. In the interim, Srinivas Kollipara, current COO and Co-founder will take over as CEO along with the senior management and drive business as usual.
The Board further commented, “We are extremely excited about the opportunities that lie ahead of us with T-Hub and are fully committed to entering the next phase of innovation and growth, taking Telangana to new heights.”
While Srinivas will lead the business in the interim, Jay will work as an advisor to assist the new CEO during the transition.
After resigning from T-Hub, Jay is expected to join an investment firm in India. However, he will continue to provide thrust to the start-up ecosystem in his new role.
Jay Krishnan said, “I am proud to be associated with T-Hub for the last three years. Under my leadership, and with support and guidance from the Board, T-Hub has delivered tremendous value to entrepreneurs, investors and corporates by building a world-class ecosystem. T-Hub has truly positioned Hyderabad as a nerve center for India’s start-up journey.”
On taking over as interim CEO, Srinivas Kollipara said, “My mission is to continue the great work we’ve been doing at T-Hub and ensure growth. The team and I are fully committed to continuing to scale T-Hub and continuing to position Telangana as integral to India’s startup vision.”
T-Hub was incorporated in 2015 in Hyderabad, India with a mission to scale startups globally, offering entrepreneurs a world-class scaling platform to help them generate revenue and get access to new customers, capital and markets. Until now it has been able to provide more than 350 national and international startups with access to mentors, corporates, venture capitalists and global investors.