Feb 6 - Geometric Promotes Ravishankar G. as MD, CEO

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Geometric Promotes Ravishankar G. as MD, CEO

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MUMBAI, India, Feb 6, 2009 - The Board of Geometric Limited (BSE: 532312, NSE: GEOMETRIC), announced the appointment of Mr. Ravishankar G. as the MD & CEO of the company during a board meeting held today. Mr. Ravishankar, currently the CFO of the company, will take over the position from Dr. Ravi Gopinath, who has resigned to pursue career opportunities outside Geometric.

At a meeting held today, the Board accepted Dr. Gopinath’s resignation with effect from 20th February 2009, and a transition process is already underway. The Board recorded its appreciation of Dr. Gopinath’s services. “We truly appreciate Dr. Gopinath’s contribution to Geometric. During his tenure Geometric has expanded its offerings and repositioned itself as a total solutions provider in the engineering space. We wish Dr. Gopinath every success in his future endeavors.”

Mr. Ravishankar will assume the responsibilities of the MD & CEO, while continuing in his role as the CFO until a suitable candidate is found. The appointment and its terms and conditions will be subject to shareholders’ approval. In confirming the appointment the Chairman of the Board, Mr. J. N. Godrej said “We believe Ravishankar, with his wide and varied experience will continue the transformation of Geometric into a dynamic organization, positioned to leverage the opportunity in the engineering space. We wish
Ravishankar all the best in leading the Company and confirm the Board’s unflinching support in his endeavors.”

Ravishankar has been with the company for over two years, and has over 18 years of experience in the areas of finance, accounting and risk management in manufacturing and financial services businesses.

On his appointment, Mr. Ravishankar said, “Geometric has come a long way since its inception in 1994, and I’m looking forward to driving the next wave of its transformation. Over the years, we have built a very strong customer-partnership base, and niche offerings that will help us take the company to new heights.”

Prior to joining Geometric, Ravishankar was the CFO of GE Healthcare - South Asia. During his tenure with GE Healthcare, he played a key role in turning the healthcare business around and growing it successfully in the South Asia region. He has also held various positions in the areas of risk management and corporate financing with GE, India. Mr. Ravishankar started his career with Rane (Madras) Ltd., an automobile ancillary company, where he held different positions in the areas of costing, management accounting and financial accounting.

Ravishankar is a Chartered and Cost Accountant with a Bachelor's degree in Chemistry. He is a graduate of the prestigious 'Experience Finance Leadership Program' by GE and has done an executive education program on 'Corporate Financial Strategies for Creating Shareholder Value' from Kellogg School of Management.

About Geometric

Geometric is a specialist in the domain of engineering solutions, services and technologies. Its portfolio of Global Engineering services and Digital Technology solutions for Product Lifecycle Management (PLM) enables companies to formulate, implement, and execute global engineering and manufacturing strategies aimed at achieving greater efficiencies in the product realization lifecycle.

Headquartered in Mumbai, India, Geometric was incorporated in 1994 and is listed on the Bombay and National Stock Exchanges. The company recorded consolidated revenues of Rupees 4.86 billion (US Dollars 121.6 million) for the year ended March 2008. It employs close to 3000 people across 10 global delivery locations in the US, France, Romania, India, and China. Geometric is assessed at SEI CMMI Level 5 for its software services and ISO 9001:2000 certified for engineering operations.

For more information, visit www.geometricglobal.com.

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