Aeries Technology launches strategic advisory board

NEW YORK - Aeries Technology (NASDAQ:AERT), a $51.8 million market cap company currently showing mixed signals according to InvestingPro data, announced Monday the formation of an Independent Strategic Advisory Board to support the company’s growth initiatives and strategic priorities.

The advisory board will be chaired by Ramesh Venkataraman, Founder and Managing Partner at Avest and former McKinsey partner who has held senior roles at Bridgepoint.

According to the press release, the board will work with Aeries’ management to advance strategic priorities, identify new commercial opportunities, and incorporate customer perspectives into the company’s decision-making process.

"We’re assembling a group of experienced leaders with a clear mandate: to add real value," said Venkataraman. "This Board is built to inform strategic choices, provide insights into clients and what matters most to them, and help Aeries shape its offerings."

Ajay Khare, CEO of Aeries Technology, stated that the advisory board would enhance the company’s "ability to execute with focus and agility."

Aeries Technology, which began trading on NASDAQ under the ticker AERT, describes itself as a provider of AI-enabled business transformation and Global Capability Center delivery services primarily for private-equity portfolio companies.

The company was founded in 2012 and focuses on technology-driven execution for its clients. No additional details about other advisory board members were provided in the announcement.

In other recent news, Aeries Technology reported an anticipated operating loss of approximately $28.8 million for the fiscal year ending March 31, 2025, compared to an operating income of $3.0 million in the previous fiscal year. This forecasted loss is primarily attributed to increased selling, general, and administrative expenses, including higher stock-based compensation and bad debt expenses. Additionally, Aeries Technology announced a strategic partnership with Fortra to establish Global Capability Centers (GCCs) in India and Mexico, aimed at enhancing Fortra’s workforce and driving innovation. The company also signed a Letter of Intent with Cority to set up AI-driven GCCs in India and Mexico, supporting Cority’s market expansion efforts. Aeries Technology has launched an AI-Centered GCC initiative to integrate artificial intelligence across its centers worldwide, aiming to improve cost efficiency and innovation. In leadership news, Aeries appointed Eli Mendoza as Chief Growth and Strategy Officer, bringing over 20 years of experience in private equity and corporate strategy. These developments reflect Aeries Technology’s ongoing efforts to expand its global footprint and enhance its service offerings.

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