Srinivasan Arunachalam joins MIC Electronics as CEO

Hyderabad: Srinivasan Arunachalam, a veteran leader, and senior-level financial director with over 30 years of work experience across various companies in India has now joined Hyderabad-headquartered MIC Electronics Limited (MICEL) as its Chief Executive Officer (CEO).

Srinivasan has previously worked in organisations such as ICICI Bank as global head for Capital Markets; as VP, head – South Zone at Prudential ICICI; as MD at Sonnet Strategic Consultants; and as VP and CEO at GATI Corporation, alongside other high-end career experiences.

Prior to joining MIC Electronics, he was a consultant and director at Global Realty – where he had for over six years continually managed the operations to ensure the company’s growth and positive revenue streams.

As the newly appointed CEO of the company, Srinivasan’s role at MIC Electronics will involve day-to-day management and build-up of the organisation into a strong and robust institution. Additionally, he will also be looking after the MIC’s business development and ensuring that its different streams and verticals are built into a cohesive team and strategic direction with a high sense of purpose and productivity.

“MICEL – a globally-leading company whose legacy has been in LED products, electronic and telecommunication equipment — strongly believes that the future era of transportation will be electric to pave a cleaner and greener world. Thus, my priority and key focus as their CEO in the upcoming months would be to create and acquire technology resources and leverage existing skill sets in order to build a strong presence for MIC in the EV ecosystem,” said Srinivasan Arunachalam, on joining MIC Electronics.

“We believe that Srinivasan will bring his decades of impeccable experience along with strong process and build-up skills, which has helped him previously to build business from scratch and turn around companies. Srinivasan’s appointment is the right step for chartering a successful future of MIC Electronics and will help us in creating immense value addition for the company, especially in terms of capital infusion, mergers, and acquisitions and in creating a new work culture – all of which collectively will be solidifying the future growth trajectory of the organization,” said Kaushik Yalamanchili, MD, MIC Electronics.

Over the years, MIC has built its legacy majorly in the LED products domain, both in LED displays and lighting solutions. Besides continuing to grow in the LED sector, MIC is planning to focus majorly on the electric mobility enablement vertical in the future and is already in discussions with various companies which are into EV charging, EV battery manufacturing and battery swapping for acquisitions.

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