Management Team

Hari Achuthan – Chairman

Hari Achuthan is the Founder, Chairman and Chief Executive Officer of each of ACO Investment Group (ACO), Convalt Energy, Oxaio Networks and DigiCollect. ACO is the parent investment holding company of its portfolio companies including Convalt Energy, Oxaio Networks and DigiCollect. Convalt Energy founded by Hari Achuthan, is a developer and owner of renewable energy assets including solar, waste to power, wind, energy storage, power transmission and EV charging. Convalt is currently active in S.E Asia, India, Africa, and the United States. Convalt is currently planning to construct a solar panel manufacturing plant in Watertown, New York potentially making this plant the third largest solar module manufacturer in the United States.

DigiCollect, also founded by Hari Achuthan has built a fully digital ERP platform and proprietary applications for the power sector. These applications along with licensed patents from Oak Ridge National Labs and University of Tennessee provide the next generation smart grid technologies that are going to be absolutely critical for grid modernization and autonomous grid management with eventual switch to 100% renewable generation. Oxaio Networks is currently developing backbone ISP infrastructure in Myanmar and soon will be expanding its efforts in the United States and Africa with a core focus on quantum computing technologies.

Prior to founding ACO and Convalt, Hari was a Director at Credit Suisse Asset Management in the Alternative Investment group, where he covered hedge fund, real estate and private equity strategies. Prior to his role at Credit Suisse Asset Management, he worked at Credit Suisse Securities (USA) LLC, where he led the group’s global pension strategy and transition management business providing cross asset solutions for public and corporate pension funds, sovereign funds and insurance companies.

In 2009, Hari was selected as one of the emerging leaders at Credit Suisse Asset Management and named one of the “Rising Stars in Public Pensions” by Money Management Letter. During his tenure at Credit Suisse Securities (USA) LLC, the firm was consistently ranked as a top provider of pension strategies and transition management services. Hari has a B.S. in Applied Economics from Hofstra University and was a member of the Hofstra Football team from 1991 – 1994.

He has volunteered with the Jacksonville Police Athletic League and has been a frequent guest lecturer at Louisiana State University School of Business. Hari has also authored a series of papers on the transition management industry which have been published in Institutional Investor and Pensions & Investments.

Helge Raitanen – Vice Chairman and Board Member

Helge Raitanen is the Vice Chairman and a Board Member of Oxaio Networks. Mr. Raitanen is also the Founder and Chairman of QROi Limited, a company established in 2011 in Hong Kong. QROi Limited is currently providing full range, end to end services and technology solutions to Telecom Operators and all major Telecom Vendors in Asia Region.

Prior to the establishment of QROi Ltd and Oxaio Networks, Mr. Raitanen held the position as Group CTO at TeliaSonera Eurasia with responsibility for seven countries – Kazakhstan, Azerbaijan, Georgia, Moldova, Tajikistan, Uzbekistan and Nepal.

Mr. Raitanen has been working in Management and Executive positions with Telecom Operators and Vendors since 1989. Mr. Raitanen has a B.S. in Electronical Engineering.

Hitesh Patel – Operating Executive of ACO Investment Group

Hitesh Patel is a Partner and an Operating Executive of ACO Investment Group. Hitesh is a strategic and proactive leader with over 30 years of experience in building and directing globally renowned organizations through the implementation of proven strategies to ensure consistent growth and long-term fiscal success. As a promising and talented aeronautics focused engineer with Continental Airlines at the beginning of his career, he was selected as the Director of Technical Operations at JetBlue Airways in New York at the inception of this now successful airline.

In 2004, Hitesh was recruited to lead the operations and launch of Kingfisher Airlines in India as Executive Vice President. In 2013, Veling Aircraft Leasing in Mauritius selected Hitesh as Chief Executive Officer where he played a pivotal role in the reinforcement of company architecture, the development and implementation of novel policies, and the mentorship of the Veling Aircraft team in preparation for future expansion.

Through a stellar record in the administration of P&L aspects, derivation and execution of MM$ budgets, and oversight of mergers & acquisitions, Hitesh is regarded as a visionary in large-scale start up efforts and global leader within the aviation industry. This expertise extends to operational management, fiscal planning, business development, management of fleets, and marketing & sales.

Throughout his career, Hitesh has received recognition for his thoughtful leadership & refined decision-making in the development of teams across the globe with proven success in bringing meaningful change across integral operational domains. In navigating convoluted business requirements, identifying performance gaps, and further constructing strategic initiatives, he has been able to grow businesses onto a global platform. With a proven track-record in personally fostering productive partnerships and alliances with industry leaders and in building consensus across multiple organizational hierarchies, Hitesh has demonstrated unparalleled expertise in communication reinforced by fundamental know-how in key sectors.

Hitesh received a BS in Aeronautical Engineering and MBA from Embry-Riddle Aeronautical University.

Office Locations

    1185 Avenue of the Americas, 3rd Floor New York,
    10036 USA
  • Phone: +1.212.683.0400
    Penthouse (PH-02), Pearl Condo Building (F), Sayar San Road, Bahan Township, Yangon, Myanmar
  • Phone: +95.1.513.027