People behind the company
G T Venkateshwar Rao
Managing Director
Currently the Managing Director of Posidex Technologies, after more than three decades of service in the Indian Revenue Service, my expertise is in technology and data domains, driving impactful initiatives for Tax evasion detection and transparent & accountable Citizen service delivery.
Held positions in the Income Tax Department, Ministry of External Affairs of Government of India, and the State Government of Telangana.
The first person from the Income Tax Department to have been awarded the Prime Minister’s Award for Excellence in Public Administration, the highest award for Civil Servants in India. He is also a recipient of other awards like the National e-Governance Award, Digital India Award, Chairman award in World Congress of Information Technology, NASSCOM AI Game Changer Award, Express IT Award, etc. Perhaps one of the very few Civil servants in India with so many awards.
As the Managing Director of Posidex, I am committed to solving complex business challenges for the Clients driving innovation with cutting-edge technologies. My vision is to transform Posidex as a Global product company through transformative solutions that empower businesses worldwide.
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.
Prior Experience
Venkat served the Government in senior level positions and has set up several systems for digitisation, work flow automation, GIS & MIS platforms etc.
Education
Venkat has a Masters in Engineering from National Institute of Technology, Warangal.
VENKAT REDDY
CEO and Director
Bhavani Shanker Chitoor
Director
"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 Experience
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.
Education
Graduated with Masters in Civil Engineering from BITS, Pilani and Bachelors in Civil Engineering from CBIT College, Osmania University."
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 Experience
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.
Education
Venu holds a Master Degree in Technology (Civil Engineering) from National Institute of Technology, Warangal.
VENUGOPAL
Director
Mrutyunjay Mahapatra
Additional Director
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.