MiPhi Elevates Prasad Balakrishnan to CEO, Onboards Praveen Karthickeyan as SVP

Bengaluru (Karnataka) [India], March 12: MiPhi Semiconductors Private Limited, a strategic joint venture between Micromax Informatics and Phison Electronics Corporation, has announced key leadership changes to accelerate its growth and strengthen its position in the industry. Chief Operating Officer Prasad Balakrishnan has been elevated to Chief Executive Officer (CEO), and Praveen Karthickeyan joins as Sr. Vice President – Data Centres, Cloud & Memory Solutions. These strategic developments reinforce MiPhi’s commitment to operational excellence, innovation, and global expansion.

With nearly three decades of experience in technology leadership, business operations, and innovation across the semiconductor and IT industries, Prasad Balakrishnan has been instrumental in scaling businesses, establishing centres of excellence, and delivering world-class solutions in storage systems, networking, and ecosystem solutions. His tenure at companies such as HFCL Limited, Hewlett Packard Enterprise, and Cray Inc. reflects his expertise in driving technological advancements and operational excellence.

As CEO, Prasad will oversee MiPhi’s operations, ensuring the seamless execution of strategic initiatives while fostering a culture of innovation and efficiency. He will be instrumental in advancing MiPhi’s mission to design and deliver cutting-edge NAND storage solutions, offering unparalleled technological advantages for both Indian and global markets.

Further strengthening its leadership team, MiPhi welcomes Praveen Karthickeyan as Sr. Vice President – Data Centres, Cloud & Memory Solutions. With over 19 years of experience in engineering, sales, business development, and global account management, Praveen has led multimillion-dollar technology initiatives at industry giants such as Flex and Wurth Electronics.

In his new role, Praveen will lead MiPhi’s Data Centre, Cloud and Memory Solutions vertical, driving strategic growth and market expansion. He will be responsible for defining and executing the brands business strategy, ensuring operational excellence, and engaging with global and local stakeholders to position MiPhi as a leader in data centre solutions. Additionally, he will lead cross-functional teams across manufacturing, sales, business operations, and build strategic partnerships with Enterprises, CSPs, and Government clients. Praveen’s expertise will play a critical role in advancing and strengthening MiPhi’s position in high-performance computing and enterprise IT infrastructure.

Commenting on the announcement,Rahul Sharma, Co-Founder of MiPhi Semiconductors Private Limited, said:“Elevating Prasad to CEO and welcoming Praveen on board marks a pivotal moment for all of us at MiPhi. Their deep knowledge and expertise combined with an exceptional track record make them the ideal leaders to propel our ambitious growth plans forward. Under their leadership, we will continue to drive innovation, scale new heights, and make a lasting impact on the semiconductor and data centre industries in India and beyond.”

As a joint venture between Micromax, one of India’s leading electronics brands, and Phison Technologies, a global leader in NAND storage solutions, MiPhi is poised to become a key innovation leader in India. MiPhi specializes in custom NAND storage solutions for AI, enterprise, and automotive applications, catering to Indian and select global markets. With a strong focus on innovation and collaboration, these leadership appointments reaffirm MiPhi’s commitment to strengthening its leadership team and driving growth aligned with its vision.

About MiPhi Semiconductors Private Limited

MiPhi Semiconductors Private Limited, founded in 2024 as a joint venture between Micromax Informatics and Phison Electronics, is at the forefront of AI-enabled storage solutions and semiconductor design. The company aims to revolutionize the global AI and storage markets by developing advanced NAND storage solutions and advancing India’s semiconductor manufacturing capabilities.

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