Tejas Shah has joined Carnelian Asset Management and Advisors as its new Chief Technology Officer (CTO). In this role, he will lead the firm’s technology strategy, with a focus on strengthening IT infrastructure, driving digital transformation, and aligning technology initiatives with business growth.
Shah brings over 27 years of experience in enterprise technology, with leadership roles spanning BFSI, manufacturing, EPC, retail, and healthcare. His expertise covers IT strategy, enterprise application management (SAP, WMS-ERP, HRMS), digital transformation, RPA and automation, program management, business process re-engineering, and business intelligence.
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Prior to joining Carnelian, Shah spent more than eight years as CTO at SSL Ltd, part of the Kalpataru Group, where he oversaw large-scale IT operations and digital initiatives. He previously served as Head of IT at Ziqitza Health Care Limited, leading technology transformation in emergency medical response and patient transport services across India.
His earlier roles include senior IT leadership positions at Axis Asset Management Company, Schröders, AIG Global Asset Management, Birla Sun Life Asset Management, and Zurich Asset Management. Across these assignments, Shah played a pivotal role in setting up IT departments, implementing enterprise systems, executing mergers and acquisitions from a technology perspective, and delivering projects ranging from ERP deployments to cloud-based applications and secure mobile platforms.
A Certified Information Systems Auditor (CISA), Shah has deep experience in IT governance, risk, compliance, and business continuity planning. He has successfully designed and executed disaster recovery drills, managed large vendor ecosystems, and introduced new technologies to improve resilience, security, and operational efficiency.
Carnelian is a boutique investment management firm, founded in April 2019. The organisation’s strength lies in its unique forensic framework, which is based on in-depth research into a company’s financial and non-financial parameters. Both aspects assist us in building convictions on investments and avoiding permanent capital loss.
