Bengaluru, NFAPost : Salil Ravindran, former chief financial officer (CFO) of Marlabs, joins US-based Technosoft as CFO.
A career Chartered Accountant with over two decades of finance transformational experience, Salil brings with him an emphasis on business partnership and value creation.
Technosoft, founded in 1996 by Radha Krishnan and headquartered in Southfield, Michigan, helps enterprise clients leverage digital technologies to gain strategic advantage.
Talking to NFAPost, Salil Ravindran said he is happy to be part of a company which is registering double digit annual growth and helps Fortune 500 companies in their growth journey.
“Technosoft is undertaking a transofrmation journey what we call the Technosoft 2.0, to more than double our revenue to $500 million in next five years. Having helped large IT services firms such as IGATE, Marlabs, etc create value, I have joined Technosoft to help enable this transformation, ” said Salil Ravindran.
Salil Ravindran has experience across all aspects of finance and strategic management, predominantly in the technology industry.
In his previous role, Salil was the Global Chief Financial Officer of New-Jersey headquartered digital services company Marlabs Inc, where he helped drive the company’s EBITDA higher thereby enhancing value manifold. He was also member of the Board of Marlabs India and ET Marlabs during that tenure.
Before joining Marlabs, Salil was Vice President Finance in Capgemini responsible for the integration of IGATE into Capgemini. Salil was part of the core team that enhanced the value of IGATE, a NASDAQ-listed IT enterprise that was acquired by Capgemini, from $200 million to $4.5 billion in 12 years.
Notably, he has led two of the largest cross-border M&A deals in the IT industry – acquisition of Patni Computer Systems by IGATE for $1.5 billion and acquisition of IGATE by Capgemini for $4.5 billion.
Before IGATE, he was the Head of European Finance for Infosys and had worked with Reliance Communications and Vedanta Group before that.
Salil Ravindran is also an independent member of the Board of Directors of financial inclusion firm, FIA Global, a leader in the Banking Correspondents industry in India.
He has to his credit many awards and recognition from various industry bodies and organizations. He was the winner of NJBIZ CFO of the Year Award 2018, finalist at New Jersey Technology Council (NJTC)’s CFO of the Year 2018, and winner of ‘CFO100’ from CFO Institute India in 2017 and 2018 for being the top 100 CFOs in India.
Salil Ravindran is the winner of CA Professional Achiever Award in IT Sector in 2015 from The Institute of Chartered Accountants of India. He won the Stevie 2015 American Business Awards for the best ‘Investor Relations Executive of the Year’ (Silver) and ‘Investor Relations Program of the Year’ (Gold) among all US-listed companies.
Over the past 21 years, Technosoft has grown to over 4,400 global employees. Along the way, Technosoft experienced double digit annual growth as more than 35 Fortune 500 companies became satisfied customers.
Technosoft, headquartered in Southfield, Michigan, delivers solutions covering digital transformation, data science and business intelligence, cloud management, Salesforce and SAP management, cyber security, IT infrastructure management, and IT contingent labor staffing.
In addition to having many long-standing clients, Technosoft has garnered much external recognition winning numerous awards for IT excellence and innovation.