Co Founder, Managing Director & CEO
His vision to foresee the scaling issues that would arise due to huge volumes of data motivated Venkat to arrive at a disruptive technique in data matching and de-duplication. This led the math savvy pioneer to invent a product, which uses very complex mathematical models to resolve a very complex problem. Approaching the task from an analytical angle and optimization perspective proved to be his biggest strength. Venkat derives immense pleasure and thrives in understanding client’s problems and devising innovative ways to solve them.
Venkat served the Government in senior level positions and has set up several systems for digitisation, work flow automation, GIS & MIS platforms etc.
Venkat has a Masters in Engineering from National Institute of Technology, Warangal.
"30+ years of experience in managing business, technology and innovation driven product management and development.
Co-Founded and established Posidex as leading company in India in the domain of customer data management. Fostered market facing and disruptive Innovation for developing products and solutions which helped the enterprise organizations to conduct their customer due diligence process quickly and effectively. Acquired major marquee fortune 500 Indian customers and large enterprise organizations in Banking, Financial Services, Insurance, Telecom, Retail and Government Sector . Have passionately driven innovation to help Posidex win various accolades for research and innovation from prestigious institutions like NASSCOM, HYSEA and mentions in Gartner and other leading research advisory bodies. Focussed on building and maintaining strong customer relationships and partnerships with leading system integrators and developing OEM partnerships with other leading technology companies.
Prior to founding Posidex, specialized in architecting various products based on web and client server technologies for startups as well as midsized companies. Previously worked for one of the leading housing finance companies in India as well as served as Senior Research Fellow in engineering at Osmania University, Hyderabad, India with fellowship from CSIR.
Graduated with Masters in Civil Engineering from BITS, Pilani and Bachelors in Civil Engineering from CBIT College, Osmania University."
Bhavani Shanker Chitoor
Co-Founder, Founding CEO,
Currently Whole Time Director -
Strategy & Business Development
Co-Founder & Chief Architect
Venu is a hugely talented Information Technology professional with over 25+ years' experience. He has successfully led teams creating products for powerful brands, Fortune 500 companies as well as start ups. He specializes in developing and delivering enterprise software and web applications by using a wide variety of innovative technologies. Designing solutions to equip businesses streamline the various processes running across their organization. Helping them become more productive and generate higher ROI. His prime focus is on progressive enhancement, performance and improving accessibility. On a good day, Venu can use his expertise to make technology awesome.
Prior to founding POSIDEX, Venu served as Senior Engineer for Advanced Data Exchange, building their B2B EDI platform. He also served in various consulting roles for Inteliant systems, IBM Global consulting and building highly scalable enterprise applications.
Venu holds a Master Degree in Technology (Civil Engineering) from National Institute of Technology, Warangal.
Sri Mrutyunjay Mahapatra has joined the board as Additional Director in May 2023.
He is a well-known figure in Indian Banking and Indian Financial Technology sector. He sits on the board, advises and consults a number of Indian and global Banks, Corporates and fin-tech companies.
He started his professional career in SBI in 1982 and rose to become the Deputy Managing director in SBI, leading global strategy, Marketing, New Businesses, digital, analytics and IT initiatives. As CIO and CDO of SBI, he established the innovation, data analytics, enterprise architecture verticals which was instrumental in creating many path breaking products like YONO, Loan Life Management System, SBI Chatbot etc.
From 2018 to 2020, he headed Syndicate Bank as its CEO, and led the transformation, digital repositioning, and up gradation of one of the India’s oldest and largest banks with over 4000 branches and a team of 40000.
Currently he is on the boards of RBIH, NSEIT, Nippon Life Insurance, Spice Money, Mayfair Hotels, Quantum MF etc, and also a member of the Board of supervision at NABARD. He advises a number of Indian and International companies and is also a Professor of Practice of Management at Manipal University.
A writer in leading newspapers and a known public speaker, he is considered a thought leader in the Indian BFSI sector. He has won several awards and accolades and has served in various RBI and Government Committees.