Servotech EV Appoints Prem Prakash As CEO, Neeraj Gupta As AVP Operations

Servotech EV Appoints Prem Prakash As CEO, Neeraj Gupta As AVP Ops.

Servotech EV Infra has announced the appointment of Prem Prakash as its Chief Executive Officer (CEO) and Neeraj Gupta as its AVP Operations. Prem Prakash, with a career spanning 22 years across diverse industries, including consumer durables, FMCG, media and entertainment, E-Commerce, fintech and is expected to successfully take the company to a new level.

Servotech has secured strategic equity dilution of 6% at a pre-money valuation of Rs. 200 crores. This investment can fuel the initial phase of Servotech EV Infra’s growth plans. Additionally, the company claimed to establish proof of concept (POC) sites at 10 locations in north India within 100 days. Each EV charging station can cost around 15-25 lakhs depending on the charger capacity and no. of chargers installed.

Before joining Servotech EV Infra, he was a former board member at ICMA Global and ex-board Director at CapitalVia Global Research Ltd. and LeanOD Technologies. He has also worked with companies like Ramco Group, IMC-Business Global – Europe, Dish TV, Kansai Nerolac Paints, Bharat Matrimony, and USHA International where he achieved notable successes.

Neeraj Gupta has 24 years of experience across diverse industries including EV charging, telecom services, hospitality, and BPOs, and brings a wealth of experience and leadership to his new role. Gupta is expected to lead all the operations of the Servotech EV Infra. Additionally, he expected to ensure customer service performance and lead a cohesive team of senior managers in operations with consistent employee engagement across levels. Implementation and development of annual operating plans to ensure increased revenue and profits, considering cross-functional and digitization initiatives to strengthen the business will also become core responsibilities of his work profile. Before he arrived at Servotech EV Infra, he served as a General Manager at Tesco Charge Zone Ltd. (ChargeZone), Bharti Airtel, Timbl Broadband, Nextra Teleservices, and HCL Technologies.

Raman Bhatia, Founder and Managing Director, of Servotech Power Systems Ltd. commented “The strategic equity dilution marks a pivotal moment for Servotech EV Infra, providing essential resources to fuel our ambitious growth plans. This investment not only signifies the confidence investors have in our vision but also underscores the crucial role it plays in accelerating the development of India’s EV charging infrastructure. This equity infusion is a testament to our commitment to innovation and sustainability, and we are excited about the impactful journey that lies ahead.”

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“As we welcome the seasoned leaders Prem Prakash and Neeraj Gupta to steer Servotech EV Infra, we are confident that their extensive experience and visionary leadership align seamlessly with our company’s mission and goals. We believe that under their guidance, Servotech EV Infra will continue to thrive and innovate in the rapidly evolving landscape of electric vehicle charging infrastructure. We look forward to a successful and impactful journey ahead with Prem and Neeraj at the helm”, added Raman Bhatia.

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