Avnish Anand, who served as co-founder and managing director of CaratLane has stepped down from his position.
He stated, “There are two reasons for my decision. One is to reprioritise things in life. At the risk of sounding controversial, building a business takes a lot of sacrifice and puts work life balance on the back burner. Given how everything turned out, it was totally worth it though. But things change in life and so do our priorities. Going forward, I am aiming for a lot more balance.”
The post also added, “The other reason is regret minimisation. There are lots of things that I have always wanted to do. I want to start now and not leave it for when it’s already too late. As of now, I don’t know what I will do work wise. I am going to try a few things and take some time to figure out my future. I am certain though that I will work in the startup ecosystem and try and help build more CaratLanes.”
Anand began his career as an area sales manager at Mirc Electronics and went on to work across Standard Chartered Bank, DuPont India, Times Business Solutions.
As the business manager of DuPont India, he worked on business planning and market entry strategies for different SBU’s (Strategic Business Unit). He worked largely with automotive clients and OEMs (Original Equipment Manufacturer).
Titan Company Limited, which fully acquired CaratLane, in the financial year 2022-2023, its turnover stood at Rs 2,177 crore. This acquisition, valued at Rs 60.08 crore for the purchase of 1,19,489 equity shares, was completed by March 31, 2024.
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