No plans to exit Everonn, says Nikhil Gandhi

T.E. Raja Simhan | | Updated on: Mar 12, 2018

BL21_13_NIKHIL | Photo Credit: PAUL NORONHA

Mr Nikhil Gandhi, Group Chairman and Executive Chairman of SKIL Infrastructure, who owns 21 per cent stake in Everonn Education, has “no plans to quit” Everonn.

Speaking to Business Line today, Mr Gandhi dismissed media reports on his plans to exit Everonn following the arrest of Mr P Kishore, Everonn's co-promoter and former Managing Director. “I am here for a long term, like 10 years,” he said.

Everonn “has a great team but needs a strong leadership”, Mr Gandhi said. He said that he roped in the Varkey group because “while I know to build large infrastructure, education is not my forte.”

The Varkey group has bought a 12 per cent stake in Everonn, and will acquire another 22-23 per cent to become the company's largest shareholder,” he told Business Line .

On Mr Kishore's arrest, Mr Gandhi said, it was ‘very unfortunate' but he will deal with the crisis.

Mr Gandhi joined the Everonn board in December 2010 as a co-promoter. He is also on the board of several other companies such as Pipavav Shipyard, Klg Capital, Gujarat Pipavav Port and Horizon Infrastructure.

Mr Gandhi also dismissed reports that National Skills Development plans to call off the deal with Everonn following Mr Kishore's arrest.

Published on September 20, 2011
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