Persistent Systems Appoints Avani Davda as Additional Director to Board of Directors

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Persistent Systems Ltd has informed that the Board of Directors of December 28, 2021 appointed Avani Davda as an additional director (independent member) of the Company with immediate effect, i.e. from December 28, 2021 ( IST).

“She was appointed by the Board for a period of 5 years from December 28, 2021 (IST) subject to the approval of the Shareholders of the Company at its next general meeting,” said the company.

Avani Davda is a distinguished business leader with diverse experience in operating and leadership roles in the consumer, retail and hospitality industries. She has successfully demonstrated her skills in creating a premium brand experience in the consumer and retail space.

Currently, she is a strategic advisor at Bain Advisory Network. Prior to joining Bain, she held several leadership roles in various segments of the industry.

Her professional career took off when she began her career with the Tata Group as a recruit in the flagship leadership program of the “TAS” Group (Tata Administrative Services) in 2002. Subsequently, she worked in companies. Tata, including TAJ Luxury Hotels (IHCL) and Tata Consumer Products. Ltd.

She was CEO of Tata Starbucks Private Limited, the 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited (TGBL). As founding CEO, she successfully set up JV company and created the right leadership and cultural environment which resulted in aggressive expansion of over 85 Starbucks stores in India in 3 years.

The brand has been established in 6 key metropolitan cities in India and is recognized for its unrivaled experience in coffee shops in India. Subsequently, she played the role of General Manager and CEO of Godrej Nature’s Basket from May 2016 to November 2019. At Godrej, she led the transformation and turnaround of the company with a focus on profitability at the level of the store, resulting in the strategic sale of the company.

She was included in Fortune US’s annual global list of “40 leaders under 40” in 2013 and ranked 13th on Fortune and Food & Wine list of “25 Most Innovative Women in Food and Beverage”. In 2014 – the only Indian woman on the list. She was named Young Global Leader in 2014 by the World Economic Forum, Geneva, Switzerland. Avani was also named in “ET & Spencer Stuart Women Ahead” 2019.

Early Wednesday morning, Peresistent Systems was trading at Rs4624.45 per coin, down 0.35% on Sensex.


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