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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

May - 2010 - issue > Top 25 Emerging Technology Companies

Evolvus Solutions Being Nichej

Jayakishore Bayadi
Thursday, May 6, 2010
Jayakishore Bayadi
Banking and Financial services customers worldwide are in need of business simplified solutions of high quality which can address their current needs. No doubt, the present trends and business environment for banking and financial institutions is characterized by the need to aggressively manage costs and risks, while continuing to improve, by implementing innovative solutions. Such solutions should also be able to quickly evolve to accommodate the ever changing future requirements. Business houses which are responsive to their customers changing business needs have a greater potential to grow and succeed.

The three BFSI veterans, Balaji Jagannathan, Karthikeyan Thenkarai, Prashant Maroli, who have more than 14 years of experience in Banking IT Products Management and Delivery space, saw a niche opportunity to build and deliver such business simplified and yet futuristic solutions. “That’s when we decided to found Evolvus Solutions in 2007. True to our endeavor we have developed many software products which are listed under our Mantle Suite of Products for branch automation, Retail lending, Clearing and Collections automation, Electronic clearing, business intelligence and more,” informs Balaji Jagannathan, Director and CEO.

Today this IT solutions company provides software products for banks and financial institutions in India and abroad. The company has presence across India and Middle East. “We develop and implement mission critical enterprise software products for banks in these regions. Our deep rooted knowledge and experience in this domain combined with ability to turn around world class products rapidly, differentiates Evolvus Solutions from our competition,” claims Karthikeyan Thenkarai, Director, Client Delivery and Innovation.

Today, just after three years since its inception, the Bangalore headquartered company has several successful solution implementation stories. Recently they delivered branch automation solution to a leading private sector bank in India. More significantly the solution serves over 200+ branches across the nation. “The solution of such magnitude was delivered within just three working months from the time the project was awarded. The solution is currently used by over 600 users concurrently and processes more than 40,000 transactions daily” says proud Prashant Maroli, Director, Products and Solutions Delivery.

The company is creating a legacy of picking up big challenges and delivering and one such is the core banking migration and Emirates National Bank of Dubai. The company has delivered the migration of entire core banking and all peripheral legacy system data from Emirates Banks legacy systems to the new age Finacle core banking solution. “Following this, we migrated data from NBD’s FNS legacy system to the same Finacle system which was running live with EBI’s data. Thus we facilitated the merger of EBI and NBD to become ENBD,”informs Prashant .


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