Orbit Exports Limited announced the Appointment of Mr. Chetan Mehra as an Additional Director effective from August 2, 2023 to hold office till the conclusion of upcoming 40th AGM. Also announced the appointment of Appointment of Mr. Parth Seth as an Additional Director effective from August 2, 2023. Mr. Chetan Mehra Serial entrepreneur Promoter of Weizmann Group has over 39 years of experience in guiding the Group.

Weizmann group in the past over three decades has been engaged in Textile Processing and Exports Money Changing, Housing Finance, Renewable Energy Projects, Digital payments and Family Office investments. After nurturing these projects housed in different companies from infancy and transforming these businesses into a leading entity in the respective fields, he successfully tied up with leading overseas entities for exiting from few of these businesses. Post financial tie-ups in the form of infusion of capital by international financial institutions and leading private sector bank in Housing finance business in the group entity Weizmann Homes Limited, the same was profitably sold to the World's largest Insurance Group "AIG" in June 2007.

Sale and transfer of entire promoter stake of about 74% plus in a listed entity Weizmann Forex Limited was concluded with Ebix Group in December 2018. Sale and transfer of the entire Shareholding of Digital Payments company, Weizmann Impex Service Enterprise ltd, was concluded with Uniorbit Technologies Private Limited in June 2022. The Group is now focused on Domestic Money Transfer and facilitating online payments directly or through virtual wallet for number of products including ticket booking, utility bill payments, DTH, mobile recharge, etc.

through patented online portal "JaldiCash" in Weizmann Digital. The Company has tied up with about 18000+ Retailers. The Group is also in Textile Procssing in the company Weizmann Limited Exports of Machinery as well as Textile Products Power Generation from Renewable Energy Projects Wind Power ­ Andhra Pradesh, Maharashtra and Tamil Nadu Hydro Power­ Himachal Pradesh.

The wind power generation is in Karma Energy Limited, another listed Company. He had successfully tied up with international player NedWind b.v., for setting up Wind Electric Generators in India and was instrumental in forging a joint venture with Nuon, a leading entity in power generation and distribution in The Netherlands. The power generation from hydro project is in a subsidiary of Windia Infrastructure finance Limited.

He is the President of the Renewable Energy Developers Association of Maharashtra (REDAM) and Chairman of the World Institute of Sustainable Energy (WISE). He has served on the financial services and energy sub-committees of the CII and was the Chairman of Laxmi Finance and Leasing Companies Commercial Premises Cooperative Society Ltd. which implemented the commercial project in the Bandra Kurla complex in Mumbai. He is also an ex-Chairman of the CII- GBC Sub-Committee for Development of Wind Energy.

Mr. Parth Seth has completed his BSc in Management from the London School of Economics and Political Science. He is serving as a Vice President, Business Development and has been associated with the Company since the year 2016. He has played a significant role in the growth of Ribbons and Made-ups (RMU) division, designing, sales and marketing of Fashion Fabrics and is involved in the strategic decisions related to business expansion and governance matters.