The board of directors of the company, in a meeting, decided to appoint Kamlesh Shivji Vikamsey, a CA and former president of the Institute of Chartered Accountants of India, as the non-executive chairman for a period of six months. It has also appointed a selection committee, with Vikamsey as its chairman, for identifying a vice-chairman and managing director for the company. It is reliably learnt that Rami Reddy will be joining YS Jagamohan Reddy of YSR Congress party and may contest from Narsaraopet of Guntur district for the YSR Congress Party.
Rami Reddy has over 30 years of experience in infrastructure business and was the founder of the R5,000-crore infrastructure company, Ramky Group. Incidentally, he is also one of the accused in the disproportionate assets case of YS Jagan Mohan Reddy.