NSEAppointment11 Aug 2026 · 11 Aug 2026, 12:07 pm
Appointment
Updater Services Limited · UDS
✦ AI SummaryMgmt Change
Updater Services Limited has informed the Exchange regarding Change in Designation of Mr. CR Saravanan from Chief Operating Officer (COO) to Chief Growth Officer (CGO) of the company w.e.f. August 12, 2026. The company has also appointed Mr. Rajeev Bhardwaj as the Chief Operating Officer (COO) of the Company.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Updater Services Limited has informed the Exchange regarding Change in Designation of Mr. CR Saravanan from Chief Operating Officer (COO) to Chief Growth Officer (CGO) of the company w.e.f. August 12, 2026.
Attachments (1)
📄pdf
Download →
COMPLIANCEOFFICERUDS_11082026120438_Reg_30_Change_in_Management_COO__CGO_Sd.pdf
View document text
Redefining Business
Services
August 11, 2026
To: To:
BSE Limited (BSE) National Stock Exchange of India Limited (NSE)
Corporate Relationship Department Listing Department
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1,
25th Floor, Dalal Street, G Block, Bandra Kurla Complex, Bandra (East),
Mumbai - 400001 Mumbai — 400051
BSE Scrip Code: 543996 NSE Code: UDS
Dear Sir / Madam,
Sub: Intimation regarding Change in Designation and Appointment of Senior Management Personnel
Ref: Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirement)
Regulation, 2015.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we
hereby inform you that of the following changes in the Senior Management Personnel of the Company, effective
August 12, 2026:
a. Change in Role and Designation of Mr. Saravanan C.R from Chief Operating Officer (COO) to Chief Growth
Officer (CGO).
b. Appointment of Mr. Rajeev Bhardwaj as the Chief Operating Officer (COO) of the Company.
This organizational restructuring is to keep pace with the consolidation and transformation taking place in the
IFM industry and create new opportunities for growth.
The details as required under 30 of SEBI Regulations read with SEBI Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026, is given in Annexure – I & II to this letter.
Kindly take the same on your record.
Yours faithfully,
For Updater Services Limited
Sandhya Saravanan
Company Secretary and Compliance Officer
A66942
Updater Services Limited (earlier Updater Services Pvt Ltd)
1st Floor, No.42, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085
+91 44 2446 3234 I 0333 I sales@uds.in I facility@uds.in I www.uds.in I
CIN L74140TN2003PLC051955
Our Values: happy people I clear purpose I better everyday I do good I balance all
Redefining Business
Services
Annexure – I
Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Change in Designation in Senior Management Personnel of the Company.
S. No Particulars Details
a) Reason for change viz. appointment, Change in Role and Designation of Mr. Saravanan C.R from
reappointment, resignation, removal, Chief Operating Officer (COO) to Chief Growth Officer
death or otherwise (CGO).
b) Date of appointment / reappointment/ Pursuant to the recommendation of Nomination and
cessation (as applicable) & Term of Remuneration Committee, the Board of Directors vide
appointment/re-appointment circular resolution dated August 11, 2026, approved the
Change in Designation of Mr. Saravanan C.R from Chief
Operating Officer (COO) to Chief Growth Officer (CGO) with
effect from August 12, 2026.
c) Brief profile (in case of appointment) Mr C.R. Saravanan has been associated with the Company
since 2016. He was appointed as Director Business
Operations in 2016. Further with effect from January 01,
2024, he was appointed as Chief Operating Officer of the
Company. As the COO he has handled the pan India
business operations. Mr. Saravanan has consistently
displayed good leadership and exceptional dedication to
UDS. His approach to operations management has yielded
substantial improvements in productivity and cost
efficiency.
In his new role as the CGO, he will own new business, new
logos, new verticals, new service lines, new markets,
strategic partnerships, international expansion
opportunities, bids and proposals, commercials and growth
strategy. The CGO’s primary mandate is to build the growth
engine required to scale UDS into higher-margin,
differentiated and future-ready business areas.
d) Disclosure of relationships between Not Applicable
directors (in case of appointment of a
director)
e) Information as required under Circular No. Not Applicable
LIST/COMP/14/2018-19 and NSE/CML/
2018/02 dated June 20, 2018, issued by
the BSE and NSE, respectively
Updater Services Limited (earlier Updater Services Pvt Ltd)
1st Floor, No.42, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085
+91 44 2446 3234 I 0333 I sales@uds.in I facility@uds.in I www.uds.in I
CIN L74140TN2003PLC051955
Our Values: happy people I clear purpose I better everyday I do good I balance all
Redefining Business
Services
Annexure – II
Details under amended Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
Appointment of Chief Operating Officer of the Company.
S. No Particulars Details
a) Reason for change viz. appointment, Appointment of Mr. Rajeev Bhardwaj as the Chief Operating
reappointment, resignation, removal, Officer (COO) of the Company.
death or otherwise
b) Date of appointment / reappointment/ Pursuant to the recommendation of Nomination and
cessation (as applicable) & Term of Remuneration Committee, the Board of Directors vide
appointment/re-appointment circular resolution dated August 11, 2026, approved the
Appointment of Mr. Rajeev Bhardwaj as the Chief Operating
Officer (COO) of the Company with effect from August 12,
2026.
c) Brief profile (in case of appointment) Mr. Rajeev Bhardwaj holds a Bachelor of Commerce
(B.Com.) degree from the University of Calcutta and he is
a seasoned business leader with over 38 years of rich and
diverse experience in operations management, general
management, business transitions, sales & marketing, and
integrated facilities management across the telecom, retail,
and facilities services sectors. He has held leadership
positions with reputed organizations.
He has extensive experience in leading large-scale Pan-
India operations, driving operational excellence, business
growth, profitability, and customer satisfaction. His core
areas of expertise include strategic planning, operational
transformation, transition management, quality assurance,
business continuity planning, P&L management, process
optimization, and leadership of large multi-location teams.
Prior to joining the Company, Mr. Bhardwaj served as
Director – Operations (National Operational Head) at
Compass India, where he was responsible for overseeing
Pan-India operations, driving revenue and EBITDA targets,
ensuring operational excellence, and leading regional
operations and transition functions.
d) Disclosure of relationships between Not Applicable
directors (in case of appointment of a
director)
e) Information as required under Circular No. Not Applicable
LIST/COMP/14/2018-19 and NSE/CML/
2018/02 dated June 20, 2018, issued by
the BSE and NSE, respectively
Updater Services Limited (earlier Updater Services Pvt Ltd)
1st Floor, No.42, Gandhi Mandapam Road, Kotturpuram, Chennai - 600085
+91 44 2446 3234 I 0333 I sales@uds.in I facility@uds.in I www.uds.in I
CIN L74140TN2003PLC051955
Our Values: happy people I clear purpose I better everyday I do good I balance all