CICO Technologies, the forerunner in construction chemicals since its inception in 1930, announced that Abhiroop Gupta has been appointed as the company’s new Managing Director, effective 1 April 2021.
Abhiroop Gupta takes the baton from Anasuya Gupta, who previously served as both Chairperson and Managing Director. As the former takes on the role of Managing director, she will continue to be the Chairperson of CICO Technologies.
Abhiroop’s experience includes holding the office of Director and working across different processes at CICO like strategy, operations, and finance to gain cross-functional knowledge and be well equipped to spearhead the organization.
Opining on Ahbiroop’s appointment and her own journey, Mrs Anasuya Gupta, chairperson of CICO Technologies said,
“I am pleased to welcome Abhiroop as the new MD of CICO Technologies. I joined CICO Technologies in 2008 as a complete novice. With support from an experienced and committed team, we have grown CICO to its current position. Now it is time to pass the baton on to Abhiroop, who has been working in the company for some time and has a fair knowledge of the construction-chemical industry, the organisation, its people and most importantly its clients. I look forward to him taking CICO Technologies into the next century with a new, young and dynamic team with support from an experienced old guard who has a wealth of knowledge.”
Brimming with optimism, Abhiroop Gupta, the new MD said, “I am excited to take on the role of Managing Director at CICO. My last few years with the company helped me garner a better understanding of the organisation and environment. As CICO gradually moves into its next century, it is a challenging and exciting time to be at the helm. We at CICO believe that foundation is the most important aspect of a structure. Over the last year, our strategy was focused on solidifying our base to address the emerging market needs. We are now set to sail and grow bigger and stronger. Together with my team, I look forward to leading the organization to newer height and further strengthen CICO’s position in the industry and increasing its value for customers and employees.”
Gupta is a promising fourth-generation entrepreneur for CICO, possessing diverse and deep knowledge, global exposure, and strong fundamentals. Previously, Gupta worked for EY, as a management consultant. Based out of London, he advised various FTSE 100 clients and was at the core of developing solutions on performance improvement matters. He holds a Master’s in Business Administration from the renowned INSEAD – The Business School for the World. He holds a Bachelor’s in Economics from the University of St. Andrews, UK.
Gupta’s task will be to carry forward the 90-year-old legacy of the construction chemical veteran into and beyond the new normal we face. CICO as a company has mastered developing a comprehensive range of end-to-end permanent solutions for industrial, architectural and general construction. It has also developed efficient systems for the repair and rehabilitation industry. CICO products primarily cater to two spheres of construction chemical supply – Retail, and Infrastructure Project Partnering. The array of products meet the requirement of new construction sites, old buildings and heritage structures that need restoration.
CICO boasts of cutting-edge technology and far-reaching connections across the vast Indian market through a nationwide network of distributors. Catering to multiple large infrastructure projects in India, they have earned a client base that includes NTPC, NPCIL, NHAI, DMRC, NHPC, L&T, HCC, NCC, to name a few. Furthermore, CICO also holds complete ownership and is an independent entity, making them one of the few promoters who regained ownership post the exit of a private equity partner, ACTIS.