We commend Dr. Sachin Paithankar for driving transformative growth and remarkable achievements on a global scale.
Pragati Leadership creates impactful learning and development journeys that foster inspiring leaders and successful organizations. The strategic leadership development programs designed and delivered by Pragati Leadership have had a profound impact on individuals, teams, and organizations.
With the aim of celebrating exemplary leadership and encouraging others to follow their lead, Pragati Leadership launched the Inspiring and Successful Leadership Awards. In September 2024, the third edition of these prestigious awards honored the selected winners for their outstanding leadership qualities.
It was an evening of celebrations, excellence, and insight and an exclusive chance to witness inspiring leaders share their journeys. All the chosen winners have been instrumental in steering their organizations through the shifting business landscape and taking their companies to new heights.
Recognizing his visionary leadership in scaling business operations across borders, fostering innovation, and driving growth Dr. Sachin Paithankar Managing Director, Innovative Business Ventures, was awarded “The Emerging Business Leader of the Year”. His focus on innovation has revolutionized business processes using cutting-edge technologies, such as AI, ML, and RPA as he leads his organization to successfully expand in global markets.
Started in a small space of 250SFT, Innovative Business Ventures was founded by Dr. Sachin’s wife with a team of 10 people. Taking the business to high levels, she was joined by Dr. Paithankar who was then working with Oracle. With his vast experience across different organizations ranging from MNCs to startups, Dr. Sachin’s journey has been diverse.
Today, the business has grown from 10 people to over 1200 people across 12 offices in India, more than 100 channel partners, and a network of over 780 dealers. The company has also expanded in London and Canada in the last couple of years.
Pioneering Innovation in Fintech
Innovative Business Ventures is a BFSI and technology company that primarily takes care of customer onboarding and credit automation. Initially, the customer onboarding process took 45 minutes but with technical development, their banking clients can now complete the onboarding process in only three minutes. Innovative Business Ventures uses its own AI and RPA to enhance customer satisfaction.
Their second line of business is credit automation, which requires verifying several documents like GST returns, CIBIL reports, bank statements, and many more. Based on the verification of these documents, the bank determines the loan amount that can be disbursed to their clients. Before the advent of high-tech innovation, this process took almost 24 hours but today it is completed in only 30 minutes.
The Indian Fintech industry size is estimated to be $584 billion in 2022 and is forecast to reach approximately $1.5 trillion by 2025. Moreover, the digital lending market was worth $350 billion in 2023. Increasing ticket size and greater demand from Tier II, III, and IV cities combined with improved risk management and service delivery have been steadily rising over the last few years.
Looking Ahead
The ISLA award is a tribute to his focus on company leadership development programs that have guided the organization through incredible growth and driven innovation at every step. His unwavering dedication and passion for excellence have been inspirational to the people to achieve new heights. The recognition represented the collective hard work, commitment, and shared vision of the entire organization. Innovative Business Ventures under the leadership of Dr. Sachin demonstrates the power of innovation and teamwork to take companies the newer heights.
At the conclusion of his speech, Dr. Paithankar said the company was preparing for SME listing and will soon be listed on the SMB. He reiterated his philosophy that there are a lot of people with whom we can find synergies so let us work together and grow together.
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