Sankar Chakraborti takes over as CEO at SMERA Ratings Ltd.

SMERA Ratings Ltd, a joint venture between SIDBI, Dun & Bradstreet and leading public and private sector banks announced the appointment of Sankar Chakraborti, as CEO of the company.  Chakraborti succeeds Parag Patki who stepped down as CEO effective July 14, 2014.

S.G. Gulati, Chairman of SMERA Ratings Ltd. said “This transition is part of a planned progression process.  While serving as CEO for 6 years, Parag was instrumental in creating and executing SMERA’s growth strategy, including obtaining key regulatory approvals. Parag played a key role in in building and managing a high performance internal team and nurtured relationships with key external stakeholders and regulators.

“I would like to thank Parag for his strong leadership and significant contribution in setting the right tone, energy and structure at SMERA, and at the same time welcome Sankar as he takes the helm as CEO. Sankar is an accomplished professional with a great mix of leadership, inspiration, operational experience and passion for innovation.” he added.

Talking about his new role, Sankar Chakraborti said, “I am delighted to assume this leadership role and I want to thank Parag for his guidance and support. His exemplary leadership has brought SMERA Ratings to the prominent place it occupies today. Backed by strong management team and committed stakeholders, I am optimistic that we will now take SMERA to greater heights”.

In a career spanning over 18 years, Sankar has held a host of strategic responsibilities.  In his previous role, he was Director – Business Development, CRISIL Ratings at CRISIL. He joined CRISIL as a Manager in 2000 and has played a key role in developing businesses for the company and also forging strategic alliances. Sankar has held a variety of strategic and business development roles in CRISIL’s various SBUs.

Prior to his tenure at CRISIL, Sankar worked for leaders in data and information sector for period of four years. He graduated in Science with Honors in Physics and has an MBA degree from Centre of Management Studies, West Bengal.