Hyderabad : The Federation of Telangana Chambers of Commerce and Industry (FTCCI) at its 103 Annual General Meeting unanimously elected Ramakanth Inani as President and K. Bhaskar Reddy as Senior Vice President for the year 2020-21.
Ramakanth Inani served as Managing Committee Member for the last two decades, and also chaired various Expert Committees of the Federation. He was Senior Vice President, FTCCI for the year 2019-20. Graduated in Engineering and Law from Osmania University; PG diploma in Portfolio Management from IIM, Ahmadabad and is an expert in financial market sector with 35+ years of experience.
He started his own business in the year 1984 by becoming Member of The Hyderabad Stock Exchange Ltd (HSE) and served on various sub committees of HSE. Subsequently he Promoted two listed companies viz., M/s. Dhanlaxmi Roto Spinners Ltd, a Cotton Spinning unit & M/s. Inani Securities Ltd., which is in stock broking and member of National Stock Exchange of India Ltd (NSE), Bombay Stock Exchange (BSE), Depository Participants through
Central Depository Services Ltd (CDSL). Both the Companies are listed on Bombay Stock Exchange (BSE). Another outfit is registered as NBFC.
Inani Group of companies are diversified into Stock broking, non banking finance company, real estate, agricultural farm, cotton ginning, pressing unit and distribution of textiles and home décor.
Inani Group has a presence in Hyderabad and erstwhile state of Nizam for more than 150 years. Their ancestral banking firm M/s. Hiranand Ramsukh functioned as indigenous bankers to the estate of Prime Minister of erstwhile princely State of Nizams. This firm was adjudged as the second oldest telephone subscriber of Hyderabad City (telephone No. 532) by Bharat Sanchar Nigam Ltd (BSNL).
He is also involved in various activities of social organizations and his family promoted Educational, charitable & religious institutions in Telangana apart from Andhra Pradesh and Rajasthan.
He has travelled extensively to various countries and was also part of FTCCI’s delegation to Singapore and Sri Lanka.
K Bhaskar Reddy hails from Suryapet District of Telangana State, graduated in Dairy Technology from Osmania University and completed his Executive MBA from Indian School of Business (ISB) – Hyderabad. He is the founder and Managing Director of Creamline Dairy Products Limited, Hyderabad.
Creamline Dairy has operation across southern states and 11 processing plant with the capacity of 1 million liters per day. Its milk and dairy products are sold under the popular brand name “JERSEY”. The Company has achieved a turnover of Rs. 1200 plus crore for the financial year ended March, 2019. Creamline Dairy Products Limited has become a subsidiary company of Godrej Agrovet Limited in 2015.
He has been conferred with the Entrepreneur of the Year 2001 awarded by Hyderabad Management Association, Hyderabad. He is an active member of Indian Dairy Association (IDA) and Chairman of combined A.P. & Telangana State. Also the Chairman of Agriculture and Agro Based Industries Committee at FTCCI. He had been Chairman of Andhra Pradesh Association of Deaf & Dumb during the year 1995-2005.