Murthy Veeraghanta, Chairman & CEO, VSoft Technologies
One of India's pioneers of the technology revolution, VSoft Technologies has always been at the forefront of setting quality benchmarks in the Indian Technology industry. Incorporated in 2004, VSoft Technologies is the Indian arm of the Atlanta based VSoft Corporation, a leading Global provider of 'Innovative Banking and Payments Solutions' to Financial Institutions of all . The story of VSoft is also the story of Murthy Veeraghanta, the Founder, Chairman and CEO of VSoft Corporation. Let’s wind back a little more than three decades. Post completing his Master's from IIT - Kanpur, Murthy moved to the US to pursue a career in Technology Consulting for Financial Institutions. After his first software consulting venture, Vector Consulting (founded in1990), he founded VSoft in 1996 based out of Atlanta, Georgia. Within a few years, he successfully established VSoft as a leading provider of Payments and Banking Software Solutions for Financial Institutions in the US. In 2004, Murthy returned to his homeland in 2004 and established VSoft Technologies in Hyderabad to cater to the Indian Market with world class quality.
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Top 10 Leaders in BFSI - 2022
Banking is delightful. It not only gives the impulse to Capitalism such as Credit but also proves to be consistent as every field came after the Banks and remained prove worthy. Thus, banking system is the most important and integral part of the economy for any country. Hence, Banks are the roots of every setup which can be owned by one.
As per the Reserve Bank of India (RBI), India's banking sector is sufficiently capitalised and well regulated. The financial and economic conditions in the country are far superior to any other country in the world. Presently, the Indian banking system has 12 public sector banks. The sector includes 22 private banks and 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks, and 96,000 rural cooperative banks. Today, ATMs in India together dispense an average of 2,600 billion per month, which is more than 10 percent of the currency in circulation. Banks have effectively used ATMs to provide basic banking services to customers at any time of the day and in a cost effective manner.
The data from the credit, market and liquidity risk studies comprehend that the Indian banks are in general resilient and have fought very well the economic depressions caused due to pandemic. Now, the Indian banking industry has been rolling out banking models like payments and small finance banks and RBI's new measures might help in restoring the expansion of the domestic banks. During FY16-FY21, bank credit increased at a CAGR of 0.29 percent. As of FY21, total credit extended surged to $1,487.60 billion. During FY16-FY21, deposits grew at a CAGR of 12.38 percent and reached $ 2.06 trillion by FY21.
The leaders in the Banking Financial Services and Insurance are proactively notifying the growth through their exclusive strategies and thoughtful calculations. In this edition of the CEO Insights magazine, a list of `Top 10 Leaders in BFSI - 2022' is presented to the readers to deliver the development by the leaders and their respective journeys. The listing is prepared by a team of industry veterans, CEOs and VCs, and the CEO Insights editorial board.
|He is a TEDx speaker, executive coach, motivational speaker, leadership coach, advisory council member of three universities and four colleges
|Gautam Boda,Vice Chairman & Managing Director
|J. B. Boda Group
|He is an dynamic personality and renowned for his humbleness and incredible ideas for growth and development
|Girish Lakhotiya,Founder and Chairman
|A first-generation entrepreneur, an ideator, meticulous implementer, able leader, and an organization builder providing financial solutions to businesses
|Hemant Sharma,Founder & Director
|He has more than 35 Years of experience and expertise in Marketing out of which 14+ years in Insurance
|M. G. George Muthoot, Group Chairman
|He is known for his extremely well versed leadership qualities and recently received Distinguished Alumnus of the Year Award by Manipal University
|Murthy Veeraghanta,Chairman & CEO
|He has over 35 years of experience in the banking and financial services technology industry and over 30 years of entrepreneurial experience. He has grown VSoft into an IDC Fintech-ranked, CMMI Level 5 certified fintech provider for over 1200 global financial institutions
|Foundation years honed the commercial & business skills for 13 years in investment banking with a bent on Consumer & Retail sector across HSBC, Bank of America Merrill Lynch, ICICI Securities and Religare
|Sundar Garg,President & CEO
|A disparate finance expert bringing in revolutionary innovations and upgradations in the India BFSI space
|Suresh K Sethi,Director
|RIA Insurance Brokers
|His exclusive knowledge and skills in the insurance industry has helped the firm to grow with invincible industry networks and he has 20+ years' experience in the leadership roles for renowned Indian corporates
|Varun Jhaveri,Founder & CEO
|Having spent over a decade in BFSI sector, he exhibits incomparable banking prowess implementing successful business growth for companies, while he is also a Debt Funding and Financial Consultation