Magenta Group strengthens its Leadership Team appoints Mr. Shashank Sathe (CTO- Bajaj Capital) among the Board of Directors

Magenta Group, a pioneer in the EV space in India, strengthens its leadership Team and is pleased to announce the appointment of Mr. Shashank Sathe to the Board of Directors. In his position as Director – Technology, he will lead and shape Magenta’s technology and innovation agenda to strengthen the Group’s leadership in the Tech domain, a key pillar to Magenta’s growth strategy.

Mr. Shashank has been the group CTO at Bajaj Capital Limited and has led the technology arm of other leading companies. With over 24 years of experience in technology, Mr. Sathe specializes in Fintech domain, high-availability computing, deep learning, artificial intelligence & game theory.

Mr. Sathe will lead Magenta’s Technology transitions that will help the growth of technology driven EV adoption. This technology focus is central to Magenta’s growth plans to leap from ‘EMobility’ solutions to ‘Smart Mobility’ solutions. Under his guidance, the brand shall focus on integrated software, openstacks and pure serverless computing.

Commenting on the appointment, Mr. Maxson Lewis – Director, Magenta Power said, “Shashank’s appointment comes at a time when we require further innovation to meet Indian conditions and challenges. We are pleased to have him on board with his wealth of experience, defining the next step forward for Magenta,” he said.

Mr Shashank Sathe further adds, “I am pleased to be a part of the Magenta Group that focusses to deliver excellent technology solutions. I look forward to working with the team addressing the business needs, leveraging the technology capabilities”