Madan Kore, a well-known finance veteran and former Managing Director of Citi Group, has joined Repos’ advisory board. Repos is a pioneer of the Doorstep Fuel Delivery industry in India, with over 2000 partners and operations in 220+ cities across the country.
Kore brings to Tata-backed start-up Repos over 40 years of deep experience. He will advise the company on strategic direction and economic expansion issues, as well as counsel founders Chetan & Aditi Walunj and co-founder Aparajit Subramanian as they create an ecosystem that facilitates the delivery of all forms of energy to end consumers’ doorsteps using technology. Kore will guide the next phase of growth, including the evaluation of new opportunities in the sector, as the venture continues to bridge the gap between the demand and supply of clean energy.
Madan Kore served as Citi Group’s Managing Director from 2013 until his retirement in 2022. From 2011 to 2013, he was the CEO of his entrepreneurial venture. He graduated from the Institute of Cost Accountants of India.
Repos have been relentless in realizing its vision of assisting the world in moving toward a carbon-neutral future through the establishment of E-Commerce in energy since its inception in 2017. The founders first met Madan in 2018, when he shared his thoughts on potential challenges and regulatory obstacles that Repos may face in the future. His advice was invaluable as it helped Repos maximize social impact, reduce its carbon footprint and change regulatory processes in the following years.
“Repos is a world-class organization with a singular mission. This sector, I truly believe, will be a major driver of both economic growth and social impact in the country. Repos imbibes and strengthens the government’s national mission to develop our country. “I am extremely impressed by the company’s vision and dynamic approach, and I am honored to join the advisory board,” Madan Kore said.
Chetan Walunj and Aditi Bhosale Walunj, founders of Repos, commented on the announcement, saying, “We are delighted to welcome Madan Kore to the Repos advisory board. He is a seasoned economist with keen business acumen and extensive experience in regulatory policy, finance, and growth.
We are confident that with Mr. Kore on our Board, Repos will reach new heights in our efforts to transform energy distribution and move the world toward a carbon-neutral future.”
Kore will guide the next phase of growth, including the evaluation of new opportunities in the sector, as the venture continues to bridge the gap between clean energy demand and supply.
“It is a privilege for Repos to work with a recognized leader and expert as we set out on our growth path. Mr. Kore brings experience and excellence to our team, and we are excited to work with him to scale our organization and impact,” said Repos Co-Founder Aparajit Subramanian.
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