Evolvus Solutions Being Nichej Date:   Thursday , May 06, 2010 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 . Evolvus Solutions aspires to be a software products company which delivers products and solutions for the BFSI industry. “To this effect, we have already developed multiple software products. We are introducing enterprise solutions such as payment management solution. All our products are explicitly designed for stability and scalability and more importantly to easily manage incremental evolution to cater to newer business needs with agility,” states Karthik. Since the inception the company has been growing at a consistent 100 percent rate. Currently this 30-member company targets large, medium and small private sector and public sector banks in India and abroad and financial institutions and insurance companies. IndusInd Bank, Emirates National Bank of Dubai and Aspire are their key customers to name a few. The company is on the verge of winning new deal both in India and UAE shortly. Evolvus has sailed through the period of zero customers to an organization which can boast of large private sector banks and leading regional banks as our customers. “Achieving this during the term when the world has seen the worst of economic conditions, makes the experience even richer and cherishable. We will grow 10 fold in the coming three years and will become the partner of choice to all BFSI players in India and Middle East for their IT solution needs,’ concludes Balaji.