Aequs Infra Appoints Shyam Kalyanasundaram as CEO

New Delhi, July 16, 2025: Aequs Infra, a pioneer in developing large-format private industrial clusters, announced the appointment of Shyam Kalyanasundaram as its new CEO on Wednesday.

Kalyanasundaram, formerly the executive director, revenue at IndoSpace, brings extensive experience to Aequs Infra as it embarks on a new phase of growth and expansion.

Aequs Infra, founded by Aravind Melligeri (also founder of Aequs Limited and cofounder of Quest Global), has been instrumental in establishing specializsd industrial ecosystems in Tier 2 cities since 2009. The company currently operates three significant industrial clusters in north Karnataka: Belagavi Aerospace Cluster (BAC): India’s first notified precision engineering SEZ; Koppal Toy Cluster: India’s inaugural toy manufacturing ecosystem and Hubballi Durable Goods Cluster: Launched in 2021 to support consumer goods manufacturing.

Kalyanasundaram will be responsible for enhancing occupancy across these three established clusters and spearheading Aequs Infra’s strategic expansion into tier 1 cities. The company plans to develop next-generation industrial parks in high-growth south Indian markets, including Bengaluru and Chennai.

The existing industrial clusters in north Karnataka collectively boast a land bank of approximately 1,000 acres and over 2 million square feet of built-up factory space with substantial room for future development.

Adding to its portfolio, Aequs Infra received Central government approval in June to develop an electronics components SEZ in Hubballi, adjacent to its existing HDC, which currently hosts few consumer goods manufacturers.

This strategic leadership appointment signals Aequs Infra’s commitment to strengthening its position as a leader in industrial infrastructure development and meeting the evolving demands of the manufacturing sector.