Merit Trac ,India's largest skills assessment company and a leading provider of RPO services announced the appointment of Prasanna K as its Chief Financial Officer

Press release for immediate publication:

MeritTrac Services appoints Prasanna K as CFO

Bangalore, March 8, 2006: MeritTrac Services Pvt. Ltd., India’s largest skills assessment company and a leading provider of RPO services today announced the appointment of Prasanna K as its Chief Financial Officer (CFO). In this newly created position Prasanna will be responsible for financial strategy formulation, guiding the senior management on various finance related aspects and ensuring prudent cash management as MeritTrac accelerates for exponential growth.
Welcoming the new CFO, Madan Padaki, Co-Founder and Director, MeritTrac Services said, “Prasanna brings with him a rich suite of experience in financial processes and diverse exposure gained through stints across sectors. He has this uncanny knack of blending traditional processes to dynamic, people-oriented businesses. He would be a key member of the management team which would drive the next level of growth for MeritTrac Services.”

Accepting the position, Prasanna said, “I keenly look forward to steering MeritTrac Services in this challenging phase where it is attempting to consolidate and build on its leadership position in the assessments space into dominance in the outsourced HR services space.”

A product of REC (Suratkal), Prasanna went on to acquire a management qualification and is Chartered Financial Analyst. He has held senior positions with companies like Indalco, Dalmia Cements, JobsAhead &Information Technology Park Limited. At JobsAhead, he was part of the team that turned it around post the dot com burst. At ITPL, he was instrumental in the restructuring of ITPL post the acquisition of TATA’s stake by Ascendas. He was also a visiting faculty at ICFAI business school and occasionally writes on finance in leading web portals.

MeritTrac™ is India's Largest Skills Assessment Company. Company’s objective is to design and deliver assessment to evaluate abilities, skills and knowledge for both corporates & individuals. With over 900,000 candidates tested till date for over 100-odd customers, MeritTrac has firmly established itself as a pioneer & leader for assessments in India. MeritTrac is neither a Placement/Recruitment firm nor a Training agency. It is uniquely positioned to be a neutral organization that provides quantitative inputs on the talent pool and helps in measuring competencies for specific roles.
Currently testing around 40,000 candidates per month across industry verticals like IT, BPO, BFSI, Retail, and Engineering & Education. Their clientele includes the world’s most admired & respected companies like ABB, Accenture, Adobe, Allianz Cornhill, Bharthiar University, Capgemini, Capita, Computer Associates, Fidelity, Flextronics, GE Consumer & Industrial, Google, GRO, HP, HSBC Software, IBM, ICICI OneSource, ICICI Prudential, Intel, Infinite, iSoft, Kyocera, Logica CMG, Microsoft, Misys, Oracle, SAP, SAIC, Satyam, Tata Elxsi, Tavant Technologies, TESCO, UTI Bank, Verizon., among others. MeritTrac is also the assessment partner to the Governments of Karnataka, Kerala, Orissa and West Bengal for talent pool enhancement programs. MeritTrac also partners several academic institutions like Bharathiar University for assessing their students on industry-readiness. Headquartered in Bangalore, MeritTrac has 225+ fulltime employees and over 1000 certified test administrators. MeritTrac operations has a pan-India presence with full-fledged “Integrated Recruitment/Assessment Centers” in Bangalore, Hyderabad & New Delhi and offices in Mumbai, Pune, Chennai, Kolkata and Coimbatore. MeritTrac operates in the USA & Mauritius through its Business Partners.
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Further details on the company can be sourced from http://www.merittrac.com
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