NuSummit Appoints Kunal Purohit as Managing Director and CEO
NuSummit names Kunal Purohit as MD and CEO to drive AI and cybersecurity growth.
In a strategic move to accelerate its growth in the rapidly evolving digital landscape, NuSummit, a global leader in AI-led cybersecurity and digital transformation, has announced the appointment of Kunal Purohit as its new Managing Director and CEO. This leadership change marks a significant milestone for the company as it seeks to deepen its expertise in AI, cloud, and data solutions for the financial services sector.
A New Era for NuSummit
The appointment comes at a pivotal time for NuSummit. The company, which specializes in providing high-end solutions to Capital Markets, Insurance, Banking, and Financial Services, is looking to leverage new technologies to drive client success. Kunal Purohit enters the role with an extensive track record in scaling technology businesses.
With over twenty years of experience, Purohit has previously held key leadership roles at major tech firms including Tech Mahindra and HCL Technologies. His expertise lies in helping clients redesign business processes through the integration of cybersecurity, artificial intelligence, cloud computing, and data analytics. His industry impact has been recognized by Entrepreneur India, which named him one of the Top 25 Tech Trailblazers in India, and IIM Indore, which honored him with the Distinguished Alumni Award for his contributions to the field of AI.
Smooth Leadership Transition
The transition comes as Anantharaman Sreenivasan (Ganesh) steps down from his role as MD and CEO. Having guided NuSummit through five years of significant growth and transformation, Ganesh will remain a vital part of the company's leadership. He will continue to serve as an Executive Director on the NuSummit Board until March 31, 2027, ensuring a seamless handover and ongoing support during this transition period.
Strategic Vision for AI and Cybersecurity
Varun Laul, Partner at Investcorp and Board Member at NuSummit, expressed confidence in the new leadership. He noted that Purohit’s deep expertise in next-generation technologies—specifically cybersecurity, cloud engineering, and AI—is perfectly aligned with NuSummit's core service offerings. Laul emphasized that Purohit's experience in scaling global technology businesses will be instrumental in delivering enhanced value to the company's clients.
Reflecting on his new role, Kunal Purohit highlighted the current technological convergence shaping the industry. "There is a crucial convergence of AI, cybersecurity, data, and cloud emerging across the enterprise technology landscape, and NuSummit is well positioned to support clients through this transformation journey," Purohit stated. He added that the company's deep engineering capabilities are designed to create meaningful business value in this complex environment.
About NuSummit and Investcorp
NuSummit is a prominent global technology provider with over two decades of experience. The firm serves more than 300 clients worldwide, including 22 Fortune 500 companies, focusing on the banking, insurance, and capital markets sectors. The company is backed by Investcorp, a premier global alternative investment firm with approximately $64 billion in assets under management (AUM) and a presence in major markets across the US, Europe, the GCC, and Asia.