BENGALURU, January 28, 2016 /PRNewswire/ --
Further Strengthens the Firm's Already Robust Corporate Governance Principles
- Mr. S. Subramaniam (Subbu) is associated with Titan Company Ltd. since March 2011 as the CFO of the company. He also heads the IT portfolio of the US$ 2 billion outfit.
- Mr. Subramaniam joins Innoviti as nominee of Titan Company Ltd. and his association with Innoviti is a strong endorsement of the corporate governance principles of the company and signifies its preparation for a big play in the payments and lending space.
- Innoviti had raised Rs. 30 crore in Series B funding earlier this year from Catamaran Ventures and New India Investment Corporation, Canada.
Innoviti Payment Solutions, a leading provider of payment automation and credit distribution solutions, today announced the appointment of Mr. S. Subramaniam on Innoviti's Board of Directors.
(Logo: http://photos.prnewswire.com/prnh/20151009/10132317 )
Mr. Subramaniam currently heads the Finance and IT functions for Titan. Mr. Subramaniam has been driving strategic finance and has been a part of top management teams for the past decade. As part of his role on the Board, Mr. Subramaniam will be guiding Rajeev Agrawal, Innoviti's MD & CEO and the leadership team, on the overall financial and operational aspects of business strategy as the firm scales up its flagship solutions - uniPAY and smelending.com.
Rajeev Agrawal, MD & CEO, Innoviti said, "Subbu's presence on our Board immediately fortifies the company's corporate governance principles and validates our policies therein. His rich and diverse expertise across corporate strategy and finance will not only benefit our core operations but will also equip our teams with the requisite mentorship and guidance to move in the right directions."
S. Subramaniam, Board Member, Innoviti said, "I'm very excited to be a part of the Innoviti Board as the nominee of Titan Company Ltd. In a very short span of time, Innoviti has pioneered both the payment automation and SME lending spaces in the country today. Innoviti's technologies are today impacting small businesses by altering the way they access capital, among other things. I look forward to interacting with the key leadership and core management teams, as we look to expand our offerings in the marketplace."
About Innoviti Payment Solutions Pvt. Ltd.
Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Solutions Pvt. Ltd.) has been a pioneer in the use of technology to solve real-world payment acceptance problems of merchants. Using its indigenous developed technology and constant innovation, Innoviti has delivered differentiated solutions for payments automation, consumer credit distribution and SME lending that have become a benchmark in their markets. Innoviti processes over Rs. 8,000 crore of payment transactions annually, including Rs. 1000 crore of credit. Innoviti's smelending.com is #1 in the segment of SME lending, processing over Rs 400 crore per year. uniPAY is India's only omni-channel payment platform for managing payment automation. The company has won Deloitte Asia Pacific award three years in a row and Red Herring Asia award twice. Innoviti is backed by marquee investors such as Titan Company (JV between Tata Group and TIDCO), Catamaran Ventures and New India Investment Corporation, Canada. For more information, visit http://www.innoviti.com.
Media Contact:
Sarath Chandra Nerella
[email protected]
+91-7795348478
Marketing Manager
Innoviti Payment Solutions Pvt. Ltd.
Mitesh Karamchandani
[email protected]
+91-9819072471
Senior Account Manager
Zeno Group India
Share this article