Fire engulfed Chesapeake Groups India office at the Carlton Towers on Old
Airport Road, Bengaluru resulting in the death of Siddhartha Padam, principal
and head, India operations, Chesapeake Group. Apart from Padam, two other
employees of Chesapeake, Rajesh Subramanian and Akhil Uday also perished in the
Padam was an IIM alumni, with experience in finance and strategy gained
through operating and investing roles at IT and private equity organizations.
His interests included connecting with investment professionals in VC/private
equity and corporate M&A teams who are investing in India related business to
exchange ideas and views. Prior to that he was in the principal acquisitions and
investments group, Infosys Technologies for a year. He also headed Valtechs
corporate M&A Group of Infosys AVP, strategic initiatives.
Dataquest received a mail from Chesapeake headquarters informing that members
of the New York staff will be traveling to India to be with the families of
those who perished and we will endeavor to provide further information as it
becomes available. Chesapeake also announced that it will be setting up a fund
to assist the families of Padam, Subramanian, and Uday.
The Chesapeake Group offers expert corporate development and financial
advisory services to a select number of technology driven, entrepreneurial
companies in industries such as technology services, e-commerce,
telecommunications, independent power, waste management, and biotechnology.