BankTech firm Maveric Systems confirmed to QA Financial it has signed up two industry insiders to join its board.
A spokeswoman for the Chennai, India-based company shared that the appointments were made ahead of the kickoff of Maveric’s aggressive growth strategy, planned for the second half of this year.
The company has ambitious plans to push into a number of new markets later this year and expand its current offering.
Maveric previously indicated that expansion into the US BankTech space is its number one priority for 2024. It also plans to launch a number of new services, although the company has not provided any details so far.
Board additions
Maveric confirmed that the relatively well-known industry insiders Anil Sachdev and N S Parthasarathy have joined to strengthen the company’s board, which she called “a powerhouse duo.”
Anil Sachdev, the founder and CEO of Grow Talent Company and the School of Inspired Leadership-SOIL, has been active in the talent management space for close to 40 years, largely focusing on strategic change, and organisational transformation.
“His proficiency in nurturing human capital is expected to play a pivotal role in Maveric’ growth journey,” the spokeswoman stressed.
“Anil’s expertise aligns with Maveric’s commitment to globalising leadership, having strategies for integrating local talents across Europe and US regions and creating a people-first organisation.”
Maveric Systems’ spokeswoman
“His experience with leading global and local organizations will play a pivotal role in shaping Maveric’s growth narrative,” she added.
Meanwhile, NS Parthasarathy, co-founded Mindtree in 1999 and has been on its board since. He is currently also the Managing Partner of Mela Ventures, an early-stage start-up fund.
“His familiarity with the regions Maveric wishes to expand to and his experience in acquiring, integrating, and scaling business would support and strategically guide the company’s growth plans,”the Maveric represenative stated.
Aggressive growth strategy
The hires come as Maveric is gearing up to implement an ambitious growth strategy, with a key role for the US market. The India-headquartered company currently has a global footprint in sixteen markets.
It also plans to significantly expand its services offering, as the company is eyeing a more active role in customer experience, payments, wealth management, regulatory and the hybrid cloud.
“This diversification aims to cater to the evolving needs of the global BankTech market,” the spokeswoman concluded.
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