KOLKATA: Sairam Prasad, chief technology officer of Axiata’s tower arm, edotco group, has left the Malaysian organisation on “personal grounds” and taken over as chief executive of Bengaluru-based Pace Group, a leading energy management and O&M solutions provider to telcos and tower firms.
Prasad, who was earlier CTO of Bharti Infratel, assumes the reins when Pace group is taking big strides into south east Asia to prise open new revenue streams. The near Rs 500-crore Bengaluru-based group is initially looking to execute global energy services contracts for telcos and tower firms in Malaysia, Indonesia, Sri Lanka and Bangladesh.
As Pace CEO, Prasad will head group companies, Pace Power Systems, Pace Renewable Energy and Lineage Power that was recently acquired from GE. Lineage Power is a specialist maker of energy management systems for telcos.
“My immediate mandate is integrating Lineage Power within the Pace Group and establishing the brand as an end-to-end energy products and services provider for telcos in India and key south-east Asian markets,” Prasad told ET. Pace has overseas operations in Myanmar and Africa.
He said Pace Renewable Energy is likely to be the group corporate vehicle for expanding Pace’s presence in south east Asia possibly through an offshore subsidiary.
To expand its footprint across south east Asia, Pace has poached Manoj Uthup, who was chief marketing officer at Myanmar-based Irrawaddy Green Towers (IGT), a three way JV between Viom Networks, Srei-controlled Quippo Ltd and Golden Towers – which is handling tower rollouts for Telenor’s Myanmar operation. Uthup, who will report to Prasad, is likely to be Pace’s business development & strategy head.
Prasad said Pace is likely to ink a clutch of O&M services and green energy services delivery contracts from local telecom carriers and tower firms in coming months but declined to share specifics on confidentiality grounds.
His decision to quit Axiata was also triggered by “new strirrings in India’s green energy services market, which is set to explode as telcos inch closer to their deadline to reduce carbon emissions and go green in line with DoT’s green telecom policy”.
Pace’s existing clients include Vodafone, Indus Towers, Viom, ATC, RCom, Idea Cellular and Bharti Infratel and Reliance Jio.
- December 1, 2014