Planned Succession Positions Diversified Conglomerate for Continued Growth
Dr. Harry S. Banga to continue leading the Group as Founder and Executive Chairman
HONG KONG, Jan. 19, 2026 /PRNewswire/ -- The Caravel Group announced the appointment of Mr. Angad Banga JP, as Group Chief Executive Officer, with immediate effect. The appointment follows a carefully planned succession process developed over many years, reflecting the Group's commitment to disciplined governance and long-term continuity.
As Group Chief Executive Officer, Angad will have responsibility for the performance of the Group's three core divisions: Caravel Maritime, including Fleet Management Limited; Caravel Resources; and Caravel Asset Management. He will also lead capital allocation, strategy and investments across the Caravel enterprise. He reports to Dr. Harry S. Banga.
Dr. Harry S. Banga will continue to lead The Caravel Group as Founder and Executive Chairman. In this role, Dr. Banga will focus on long-term strategy, governance, and oversight, while remaining actively engaged across all business units. The Executive Chairman will ensure accountability at the highest level, with the Chief Executive Officer driving performance and operational excellence. This leadership structure reflects the Group's commitment to disciplined governance while enabling continued growth and evolution.
"It is with immense pride—both as the Founder of this company and as a father—that I extend my congratulations to Angad on this appointment. This transition marks the culmination of years of careful preparation. Angad has earned the respect of colleagues, clients, and industry peers through his own merit, and I am confident that under his leadership, working in partnership with myself and our leadership team, The Caravel Group will continue to thrive while remaining true to the values of Family, Integrity, and Partnership that have always defined us," said Dr. Harry S. Banga, Founder and Executive Chairman, The Caravel Group.
Angad has been integral to The Caravel Group since joining at its inception, and most recently served as Group Chief Operating Officer from 2016 to 2025. During this period, he was instrumental in the strategic transformation of The Caravel Group into the diversified organisation it is today—building long-term resilience across the enterprise, establishing new business lines, delivering strong investment performance, and enhancing the capabilities of the Group's core operations. He has advanced the Group's capabilities in digital transformation and operational excellence, and has prioritised talent development across the organisation, reinforcing the Group's longstanding central philosophy that it's human capital is its greatest asset.
Beyond The Caravel Group, Angad recently concluded a very successful tenure as Chairman of the Hong Kong Shipowners Association (2023–2025) during a period marked by significant geopolitical disruption, regulatory evolution, and trade uncertainty for the global maritime industry. He currently serves on the Hong Kong Maritime and Port Development Board, where he is Chairman of the Promotion and External Relations Committee.
The Founder and Executive Chairman and the Group Chief Executive Officer are supported by an exceptional team of senior leaders across all divisions, whose expertise and dedication have been instrumental to The Caravel Group's success. This leadership team has been intentionally strengthened in recent years and will continue to play a critical role in the Group's operations and future growth.
"I am deeply grateful to Dr. Banga for his trust and confidence in me, and to the leadership team and colleagues across The Caravel Group whose dedication has made this transition possible. Our commitment to our clients, partners, and people remains unchanged. Together with Dr. Banga's continued strategic guidance and the strength of our teams worldwide, I look forward to building on the foundations we have established and taking The Caravel Group forward into its next chapter—with continued focus on operational excellence, sustainable growth, and strengthening our position in the markets we serve," said Mr. Angad Banga, Group Chief Executive Officer, The Caravel Group.
The transition has been designed to ensure full continuity for all stakeholders. Client relationships, operational commitments, and the Group's strategic direction remain firmly in place. By combining Dr. Banga's long-term strategic oversight with Angad's operational leadership, The Caravel Group is well positioned to sustain momentum while enabling thoughtful evolution.
About The Caravel Group:
The Caravel Group, headquartered in Hong Kong, is a privately held and globally diversified group with operations across maritime services, dry bulk commodity trading, institutional investment management, and philanthropy. Its maritime division includes Fleet Management Limited, the world's second-largest third-party ship manager with over 600 vessels under management, and strategic investments, including a major stake in Pacific Basin. Caravel also owns the International Maritime Institute (IMI) in India, reinforcing its commitment to maritime talent development. Through Caravel Asset Management, the Group invests globally across public markets and private equity, while its philanthropic arm, The Caravel Foundation, supports the education and well-being of underprivileged youth across Hong Kong, Mainland China, and India.
www.caravel-group.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
The Caravel Group Appoints Angad Banga as Group Chief Executive Officer
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CHICAGO, Jan. 19, 2026 /PRNewswire/ -- NVISAGE Technologies, a U.S.-based pioneer in golf technology solutions, will showcase its latest portable launch monitor NEO-E at Golfmesse 2026, one of Europe's leading golf exhibitions. The event will take place from January 29 to February 1, 2026, in Zurich, Switzerland, where visitors can discover the NEO-E in action at the NVISAGE booth.
Founded in 2023 and headquartered in Illinois, NVISAGE Technologies is dedicated to creating accessible, high-precision golf solutions for both indoor and outdoor players. The company's mission is to blend cutting-edge technology with ease of use—providing golfers of all levels with accurate, data-driven insights to elevate their performance.
At Golfmesse 2026, NVISAGE will introduce the NEO-E, a lightweight yet powerful launch monitor designed to deliver professional-grade performance in any environment. Engineered for portability, the NEO-E performs flawlessly both indoors and outdoors.
Built with durability in mind, the NEO-E features an IP65 water- and dust-resistant housing, ensuring dependable operation even in unpredictable weather. Its integrated processing unit provides real-time swing analytics without requiring an external computer. With a battery life of five hours, golfers can enjoy extended play without interruption. Offering detailed metrics—ball, club, and swing data—the NEO-E delivers a comprehensive picture of every swing.
Alongside the NEO-E, NVISAGE will present its advanced golf software, MURLIE, available for live demonstration at the booth. Designed to integrate seamlessly with all NVISAGE launch monitors, MURLIE transforms practice into an engaging, data-rich experience through four training modes:
- Shot Analysis Mode: Analyze your shot data in detail to gain actionable insights and improve your game.
- Driving Range Mode: Hone your skills and perfect your shots on a realistic practice range.
- Putting Mode: Practice putting in a customizable environment to refine your precision and technique.
- Record Mode: Track and review your performance records to monitor progress and growth.
Supporting up to four player profiles, MURLIE also connects with leading third-party software platforms such as E6 Connect and GSPro—offering users a flexible and immersive golf simulation experience.
By exhibiting at Golfmesse 2026, NVISAGE joins a prestigious lineup of international golf brands and technology leaders, bringing its latest innovation to Europe's growing golf community. The company's participation underscores its dedication to making professional-level golf technology accessible and intuitive.
About NVISAGE Technologies
At NVISAGE Technologies, we value simplicity and precision. Our technology-driven entertainment solutions prioritize an intuitive experience and pave the way for a new era of accessible and high-quality indoor and outdoor golf, ensuring that enthusiasts can enjoy the sport they love with unparalleled convenience and innovation. For more information, please visit nvisagetech.com.
CHICAGO, Jan. 19, 2026 /PRNewswire/ -- NVISAGE Technologies, a U.S.-based pioneer in golf technology solutions, will showcase its latest portable launch monitor NEO-E at Golfmesse 2026, one of Europe's leading golf exhibitions. The event will take place from January 29 to February 1, 2026, in Zurich, Switzerland, where visitors can discover the NEO-E in action at the NVISAGE booth.
Founded in 2023 and headquartered in Illinois, NVISAGE Technologies is dedicated to creating accessible, high-precision golf solutions for both indoor and outdoor players. The company's mission is to blend cutting-edge technology with ease of use—providing golfers of all levels with accurate, data-driven insights to elevate their performance.
At Golfmesse 2026, NVISAGE will introduce the NEO-E, a lightweight yet powerful launch monitor designed to deliver professional-grade performance in any environment. Engineered for portability, the NEO-E performs flawlessly both indoors and outdoors.
Built with durability in mind, the NEO-E features an IP65 water- and dust-resistant housing, ensuring dependable operation even in unpredictable weather. Its integrated processing unit provides real-time swing analytics without requiring an external computer. With a battery life of five hours, golfers can enjoy extended play without interruption. Offering detailed metrics—ball, club, and swing data—the NEO-E delivers a comprehensive picture of every swing.
Alongside the NEO-E, NVISAGE will present its advanced golf software, MURLIE, available for live demonstration at the booth. Designed to integrate seamlessly with all NVISAGE launch monitors, MURLIE transforms practice into an engaging, data-rich experience through four training modes:
- Shot Analysis Mode: Analyze your shot data in detail to gain actionable insights and improve your game.
- Driving Range Mode: Hone your skills and perfect your shots on a realistic practice range.
- Putting Mode: Practice putting in a customizable environment to refine your precision and technique.
- Record Mode: Track and review your performance records to monitor progress and growth.
Supporting up to four player profiles, MURLIE also connects with leading third-party software platforms such as E6 Connect and GSPro—offering users a flexible and immersive golf simulation experience.
By exhibiting at Golfmesse 2026, NVISAGE joins a prestigious lineup of international golf brands and technology leaders, bringing its latest innovation to Europe's growing golf community. The company's participation underscores its dedication to making professional-level golf technology accessible and intuitive.
About NVISAGE Technologies
At NVISAGE Technologies, we value simplicity and precision. Our technology-driven entertainment solutions prioritize an intuitive experience and pave the way for a new era of accessible and high-quality indoor and outdoor golf, ensuring that enthusiasts can enjoy the sport they love with unparalleled convenience and innovation. For more information, please visit nvisagetech.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
NVISAGE Technologies to Present NEO-E Portable Launch Monitor at Golfmesse 2026
