BOSTON—TiE Boston, one of many area’s largest and oldest organizations supporting the Massachusetts entrepreneurial ecosystem, on Friday elected senior Bank of America govt Anu Chitrapu as its 12 President for a two-year time period.
Ms. Chitrapu replaces Nilanjana Bhowmik, Co-Founder and Basic Associate of Cambridge, MA-based enterprise capital agency Converge, who simply accomplished her two-year time period. Ms. Chitrapu is a Senior Vice President and International Procurement Govt at Bank of America.
“I am very excited to take over the Presidency of TiE-Boston,” Ms. Chitrapu advised INDIA New England Information. “Nilanjana is a tough act to follow, but with the support of all Charter Members and past Presidents, I am confident we can take the organization to the next level.”
Sushil Tuli, President and CEO of Chief Bank, and a TiE Boston Constitution Member, mentioned Ms. Chitrapu is an ideal alternative to guide TiE Boston and take it to the subsequent degree.
“TIE Boston needed a leader like Anu, especially during the COVID-19 pandemic crisis when a lot of entrepreneurs are suffering,” mentioned Mr. Tuli. “She is going to be a great president of TiE Boston, and is going to make Boston one of the best TiE chapters.”
TiE Boston is the second oldest and second largest TiE chapter and at present has about 150 constitution members
The Indus Entrepreneurs, generally known as TiE, was based in 1992 in Silicon Valley by a bunch of profitable entrepreneurs, company executives, and senior professionals with roots within the Indus area. With a worldwide attain and a neighborhood focus, the guts of TiE efforts lies in its 5 foundational packages, – Mentoring, Networking, Schooling, Funding, and Incubation. There are at present 15,000 members (together with over 3,000 constitution members or mentors) in 61 chapters throughout 14 international locations.
Mr. Tuli mentioned that Ms. Chitrapu understands what it takes to be a senior degree govt in a big company.
“She is going to be a great leader of TiE Boston,” added Mr. Tuli.
Raj Sharma, Managing Director – Wealth Administration and Head of The Sharma Group, a Boston-based high-end boutique inside Merrill Lynch’s Personal Banking and Funding Group, echoed Mr. Tuli’s sentiments.
“Congratulations to TiE for selecting an exceptional individual as the next President of TiE Boston. Anu has the intelligence, energy and passion to draw new segments to TIE and take it beyond its technology roots,” mentioned Mr. Sharma.
As a banker, Ms. Chitrapu has seen entrepreneurs in fields corresponding to hospitality, actual property, retail and monetary providers, Mr. Sharma added.
“I think she has the potential to transform TIE into a robust, mainstream entity. Anu is passionate about philanthropy and giving back and I hope she is able to get entrepreneurs excited about giving back to society,” mentioned Mr. Sharma. “I would like wish Anu great success in this challenging assignment.”
Ms. Chitrapu is Senior Vice-President and International Procurement Govt at Bank of America. She has gained awards on the bank for distinctive efficiency, been named to the excessive potential ladies leaders group and serves because the Govt Sponsor for the Asian Management Community in Boston. She is a seasoned and dynamic enterprise chief with a monitor document of motivating groups to step up their efficiency and a pure evangelist and influencer with the flexibility to get individuals enthusiastic about a company and its mission.
Ms. Chitrapu has been concerned with TiE Boston since 2004, when together with a bunch of different TiE Boston ladies, she helped create the TiE Girls’s Initiative (TiEWIN) with the mission of inspiring and empowering ladies leaders. TiEWIN introduced luminaries like Indra Nooyi to talk at TiE Boston. She was additionally a part of the TiECON organizing staff for a number of years. She turned a constitution member of TiE Boston in 2006 and joined the TiE Boston board in Jan 2020.
As a present board member, Ms. Chitrapu is specializing in Three areas to assist develop the group, in keeping with an announcement despatched to TiE Boston constitution members.
Strengthen partnerships with native Universities to create a pipeline of members by means of elevated presence: South Asian pupil our bodies at enterprise colleges are the target market for our pipeline! Previous occasions at MIT and different Universities have confirmed to achieve success at attracting these graduate college students. Strategic partnering with Universities will assist us attain them in value efficient methods.
Improve consciousness and enhance branding of TiE Boston by means of elevated media presence: TiE Boston already has good branding – with a give attention to growing media presence, the branding may be strengthened to focus on the distinctive relevance of TiE Boston in our native entrepreneurial ecosystem.
Improve the % of girls throughout the constitution membership: Supply packages and incentives to draw extra ladies Constitution Members to TiE Boston.
Ms. Chitrapu is obsessed with ladies empowerment, eliminating gender based mostly violence, schooling for women and defending the surroundings. It was this ardour that led to the creation of Nyrvaana, a social enterprise based by Ms. Chitrapu and her two sisters, with a mission of saving cloth from landfill whereas offering employment to deprived ladies.
Ms. Chitrapu was President of Imaginative and prescient Help, a non-profit group targeted on serving to the visually challenged. Throughout her 6-year tenure, she pioneered a singular fund elevating model that varieties the spine of the group’s development. She is at present on the advisory boards of Saheli and Direct Motion for Girls Now (DAWN) and is an lively member of a number of Boston based mostly non-profit organizations together with American India Basis (AIF) and Ekal Vidyalaya.
Writing has been a longstanding ardour for Ms. Chitrapu and he or she hopes to extend consciousness of social points by means of her writing. Her quick story, “The Legacy”, shone a highlight on inequity and social injustice and was awarded second place in a world quick story competitors. She can be a columnist for India New England Information.
Ms. Chitrapu is married to serial expertise entrepreneur Rama Ramakrishnan (at present Professor at MIT) and performed an important position in supporting his startups by means of their lifecycle from founding to profitable exit. This primary-hand expertise imbued in her the enterprise acumen and emotional intelligence wanted to help entrepreneurs by means of their typically tumultuous journey from idea to success.
She holds an MBA from MIT Sloan College of Administration.