Allied Digital Re-designates Paresh Shah as Chief Innovation Officer

Nikunj Parikh - Mumbai Bureau Jul 02, 2026 1,150 Views

Allied Digital Services Limited has re-designated Mr. Paresh Shah from Chief Executive Officer to Chief Innovation Officer, effective July 1, 2026. Under the new operational framework approved by the board, Shah will lead the company’s innovation, research, and long-term strategic transformation initiatives.

MUMBAI — Global IT architecture provider Allied Digital Services Limited announced on Thursday, July 2, 2026, the formal re-designation of its top executive leadership. Mr. Paresh Shah, who previously directed corporate operations as the company's Chief Executive Officer (CEO), has transitioned into the newly defined role of Chief Innovation Officer (CINO) effective July 1, 2026.

The structural shift underscores a broader trend among international IT transformation architectures to reallocate executive resources directly toward emerging tech, automated systems, and strategic transformation frameworks in a rapidly changing software landscape.

Executive Transition Timeline and Board Authorization

According to an official regulatory disclosure submitted to domestic stock exchanges, the senior leadership realignment follows a multi-tiered corporate approval process. The transition was evaluated and approved during a formal meeting of the Board of Directors held on June 18, 2026.

Mr. Shah officially completed his tenure as Chief Executive Officer at the close of working hours on June 30, 2026. He assumed his new responsibilities as Chief Innovation Officer the following morning, on July 1, 2026, with the formal written confirmation finalized through an executive acceptance agreement signed on June 26, 2026. Under the new operational structure, the CINO will report directly to the corporate Chairman, with a secondary dotted-line reporting relationship to the Joint Managing Director.

Strategic Shift Toward Innovation-Led Growth

The organizational redesign moves Mr. Shah from a Key Managerial Personnel (KMP) classification into the Senior Management Personnel (SMP) bracket. This reallocation allows the executive to move away from day-to-day administrative obligations and focus entirely on expanding Allied Digital’s technological capabilities.

The company's primary innovation directives under this new senior office will target several core operational fields:

Research and Development: Engineering next-generation software tools and IT solutions.
Strategic Transformation: Overseeing the modernization of corporate client networks across regional global hubs.
Future Growth Initiatives: Exploring and commercializing new business models driven by technological advancements.

Corporate documentation indicates that all other fundamental terms, conditions, and core provisions of Mr. Shah's employment contract remain unchanged during this transition phase.

Official Sources Section

The institutional changes were disclosed through an administrative filing provided to BSE Limited and the National Stock Exchange of India Limited under the trading symbol ADSL and scrip code 532875.

The regulatory disclosure was executed pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The administrative submission was cleared and digitally authorized by Company Secretary Ms. Khyati Shah at the firm's registered headquarters located at Mafatlal Centre, Nariman Point, Mumbai.

Quote Section

"According to officials from the human resources department, the leadership adjustments reflect the company's evolving business priorities and its continued focus on future growth initiatives, acknowledging the executive's valuable leadership and commitment during his prior operational tenure."

Why It Matters

For corporate clients and businesses using global IT architectures, dedicating an executive office to continuous innovation provides a direct safeguard against technological obsolescence. This structural arrangement ensures that the managed services provider remains capable of designing and implementing modern cloud applications and automated networks.

For public market investors and stock market desks, leadership updates of this nature offer transparent insight into how a firm intends to balance regular operations against long-term development. By establishing a dedicated innovation vertical, the company seeks to build a resilient model for growth while maintaining its established commercial relationships across international tech markets.

Key Facts at a Glance

Executive Position Change: Paresh Shah transitions from Chief Executive Officer to Chief Innovation Officer.
Effective Date: The new executive responsibilities officially commenced on July 1, 2026.
Core Mandate: Directing international research, technological innovation, and strategic transformation.
Reporting Architecture: Reports to the Chairman with a secondary dotted-line relationship to the Joint Managing Director.
Regulatory Compliance: Filed under SEBI LODR Regulation 30 corporate transparency tracking rules.

Frequently Asked Questions

What are the primary responsibilities of a Chief Innovation Officer?

The Chief Innovation Officer oversees the company's long-term research strategies, spearheads technological advancements, and directs corporate transformation programs to keep the firm competitive as new software patterns emerge.

Did the terms of employment change during this leadership re-designation?

No. The company's official documentation confirms that except for the modification of his designation and technical responsibilities, all other core terms and conditions of employment remain unchanged.

Where is the company's central corporate headquarters located?

Allied Digital Services Limited maintains its primary registered corporate headquarters at the Mafatlal Centre, located on Vidhan Bhavan Marg at Nariman Point in Mumbai, Maharashtra, India.