The Hindu Business Line : Rajeev Chandrasekhar is FICCI's new Vice-President

Mr Rajeev Chandrasekhar, Chairman and CEO of Bangalore-based Jupiter Capital, has been appointed Vice-President of the Federation of Indian Chambers of Commerce and Industry at the conclusion of its 79th annual general meeting held in the Capital recently.

Mr Chandrasekhar is currently a Rajya Sabha member, representing Bangalore. He has been Member of the Prime Ministers' Council on Trade and Industry-1999-2003, Member of Advisory Committee in the Ministry of Information Technology — 1999-2002, Chairperson of the Government of Karnataka, Infrastructure Task Force 1999-2002 and Director, Karnataka Power Corporation Ltd.

Jupiter Capital, a venture development management and investment company, will focus on infrastructure, media technology and aviation.

Mr Chandrasekhar was a part of the team that built the first Pentium processors at Intel, apart from building a successful telecom brand BPL Mobile.

Jupiter Capital is building five new companies in infrastructure, entertainment, technology and aviation. The infrastructure arm, Hindustan Infrastructure, will be setting up a 1,000-MW Rs 4,000-crore coastal power project in public-private partnership in Tamil Nadu.

Jupiter Entertainment Venture recently acquired a 51 per cent stake in Malayalam TV channel Asianet. With this acquisition, JEV will build and grow two brands in the entertainment space: Indigo, the FM Radio station and Asianet.

While the technology companies Tayana Software and Jupiter Strategic Technologies will see an investment of Rs 100 crore this year, Jupiter Aviation will be investing Rs 700 crore into specialised aviation infrastructure, offering maintenance, repairs and operations.

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