Shrinath Bolloju, Managing Director, CitiBank, India Joins KGiSL

KG Information Systems Private Limited (KGiSL), a global IT Products, Solutions, and Services provider, today announced the appointment of three banking leaders with impeccable leadership and track record, to support its growth and strategic vision. These senior finance professionals, with considerable expertise and a wealth of global banking experience, will significantly help in driving this critical phase of KGiSL’s growth strategy of reaching INR 1000 crore turnover in the next three years.

Shrinath Bolloju joins KGiSL as Chief Strategy Officer, Ramesh Nagesh as Chief Operating Officer, and Noor Hayati Ahmad as Senior Vice President & Country Head, KGiSL Singapore.

Welcoming the three banking stalwarts, Dr. Ashok Bakthavathsalam, Managing Director, KGiSL said, “The addition of these three well-established, seasoned leaders to the existing vibrant leadership of KGiSL supports our vision and strategy to become a strong player in the BFSI segment, especially in the banking domain. Their experience will help the accelerated growth plan we have, for the next 3 years.”

Commenting on the new additions to the leadership team, Prassadh Shanmugam, Director & Chief Executive Officer, KGiSL, said, “We are really fortunate to have all three of them join the leadership team at KGiSL: Shrinath with a proven track record in the banking industry is probably at his peak of his career; Ramesh, known for his technology & Operation skillsets in the banking Industry, probably has not even reached his peak yet and Hayati, a seasoned banking veteran has deep connections in the industry in Singapore and globally. The three of them could have continued what they were doing, or could have chosen any number of BFSI opportunities. Instead, they chose to join us, believing in the vision, strategy, and execution strength of KGiSL. This really adds momentum to our goals.”

An accomplished business leader with close to three decades of experience in financial services, Shrinath Bolloju joins KGiSL as Chief Strategy Officer (CSO). Shrinath’s experience straddles sales, product management, technology, operations and governance in different geographies, and banking and financial products. He most recently served as Managing Director and South Asia Operations & Technology Head at Citi Bank. Previously, he has been part of the leadership team with Deutsche Bank and RBL Bank, driving transformation and digitization. As CSO at KGiSL, Shrinath will be based out of Mumbai, India. In this role, Shrinath will work closely with the senior leadership at KGiSL to drive sustained and accelerated growth across key markets and sectors.

Ramesh Nagesh joins KGiSL as Chief Operating Officer (COO) and will be based in Bangalore, India. He comes with over three decades of experience in managing regional and global operating units. He joins KGiSL after serving as COO of the Anglo Gulf Trade Bank, Abu Dhabi where he was involved in setting up the world’s first digitally-enabled, data-driven Trade Bank from the ground up. Ramesh has been part of the leadership team with top multi-national banks like Deutsche Bank, ABN-AMRO Bank, ANZ, Standard Chartered and RBS.

Noor Hayati Ahmad  joins KGiSL as  Senior Vice President & Country Head, KGiSL Singapore. She brings in over 35 years of experience, including 25 years of international banking, particularly in Global Transaction Banking, Money Markets, FX, Finance, and Retail. Having worked with global banks and leading technology organizations in Singapore, she understands the local market, technology trends and functional needs of the financial services sector. She has previously been part of the senior leadership teams at Deutsche Bank, Hatstand, Sonic, and Kashtec Technology Pte Ltd.

On his appointment, Shrinath Bolloju, Chief Strategy Officer, KGiSL, said “KGiSL has a proven track record of building robust products and solutions that have ensured long-lasting engagements with clients. I am delighted to join this seasoned and committed team, and look forward to work with them to scale up our offering, while continuing to operate as a trusted solutions provider to our clients, worldwide.”

Further to his new engagement, Ramesh Nagesh, Chief Operating Officer, KGiSL, said, “KGiSL is truly a unique and talented organization with deep-rooted capabilities in building top class products and solutions. I am honoured to work with such a culturally diverse, committed, and seasoned talent pool, and I look forward to collaborate with the team to unlock their full potential and enhance delivery capabilities.”

Noor Hayati Ahmad, Senior Vice President & Country Head, KGiSL Singapore, said, “I am truly excited to be a part of KGiSL, Singapore and I look forward to working with this highly professional team to further accelerate our ambitious growth strategy. Today, Singapore is among the top three financial hubs in the world, behind London and New York, and it is imperative that we showcase our products and services in the banking and financial sector and grow our presence in this area.”

About KGiSL: www.KGISL.com/gss

KG Information Systems Private Limited (KGiSL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGiSL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGiSL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGiSL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

For further information, please contact:

KGiSL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034

KGISL Completes Acquisition of AETINS, Expands Expertise in the Insurance Space

KG Information Systems Private Limited (KGISL), a global IT services, consulting, and business solution provider, today announced the acquisition of AETINS Sdn. Bhd. through its wholly-owned subsidiary in Malaysia, KG Information Systems Sdn. Bhd. The acquisition is a part of KGISL’s growth strategy in the InsurTech space.

Prassadh Shanmugam, Director and Chief Executive Officer, KGISL

AETINS brings aboard an exceptional range of insurance solutions for Life, General and Takaful bundled with an unmatched domain expertise. AETINS’ Core Insurance Product and Solutions are well known in the market and are market-leading. The company serves a vast clientele of insurance firms in the Asia Pacific, Middle East, and North Africa. The people, products, and solutions from AETINS would be leveraged in expanding KGISL’s footprint in the InsurTech space.

KGISL has market presence in the Malaysia InsurTech (201301013805) space since 2006 and has grown as a market leader with its Point of Sale (PoS) and Claims Management Solution for the Non-Life Insurance segment. The acquisition of AETINS will now bring in Core Insurance Product and Insurance Solution Framework (ISF) into KGISL’s product offerings and opens doors to enter the wider Asia Pacific, Middle East, and Africa markets covering the Life, Non- Life and Takaful Insurance segments.

Mr. Prassadh Shanmugam, Director and Chief Executive Officer, KGISL commenting on the acquisition said, “I am super excited about this acquisition. AETINS’ Core Insurance products, Takaful offerings and good presence in the Middle East market are the missing pieces in KGISL’s Insurance offerings. It would have taken years for us to build this capability, so the acquisition is a perfect fit for KGISL. The employees of AETINS share the same integrity, culture and value systems of KGISL, so the integration will also be smooth and quick.”

Commenting on the acquisition, Dr Ashok Bakthavathsalam, Managing Director, KGISL said, “The acquisition brings together two leading InsurTech players in pursuit of a common mission, centred on providing the best value for customers, organisation and employees. With able leadership and a go-getter team, KGISL has been on a fast growth trajectory, clocking a five-fold growth in the last four years. This acquisition adds momentum, and I am confident that our growth will be even faster in the next 3 years.”

About KGISL – www.KGISL.com/gss

KG Information Systems Private Limited (KGISL) is a global IT Services, Consulting and Business Solutions provider in the BFSI space. KGISL offers Software Products, Solutions and Services in Intelligent Automation, ERP (SAP), CRM, Business Intelligence and Analytics, Quality Engineering, IT Infrastructure Management and Application Development. KGISL has offices in India, US, Malaysia, Singapore, Australia and Thailand.

KGISL is part of the $750 million business conglomerate KG Group with interest in Textiles, Engineering, Healthcare, Education, Real Estate, Entertainment, Software and Business Support Services. The Group employs over 25000 people and is known for its philanthropic services to the community for over 8 decades.

About AETINS (199801000924) – www.aetins.com

AETINS, established in 1998, is a single end-to-end Insurance and Takaful Solution provider that covers all lines of business: Individual Life, Group Life, Investment Linked and General. It spans across functions like illustration, quotation, new business, policy servicing, claims, agency management, commission and benefits, accounting and services. Our business is to help Insurance and Takaful Companies to strategize and operate by leveraging on Information Technology, a key enabler to achieve transformational growth through Operational Excellence and Innovation. See www.aetins.com.

For further information, please contact:

KGISL: Sampathkumar S | sampathkumar.s@KGISL.com | +91 9940069884

Adfactors PR (India):
Bhargav TS | bhargav.ts@adfactorspr.com | 9884883350
Shamitha Hegde | shamitha.hegde@adfactorspr.com | 9003107361

Adfactors PR (Singapore):
Namrata Sharma | namrata.sharma@adfactorspr.com | +65 8138 3034