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Governance is the key requirement for top managements of organizations. Governance means ensuring that the interests of the stake-holders is appropriately taken care of. Axar ensures that Corporate Governance remains the primary focus of all its solutions and its products help the clients to take care of the following primary stakeholder groups –

  • Shareholders – those who brought the company into existence
  • Customers – those who are the reason for the company’s existence
  • Employees – those who ensure that the company stays in existence, grows and provides increasing happiness to all stakeholders

Axar also ensures that businesses efficiently fulfil their responsibility towards the secondary stakeholder groups:

  • Regulators– who have to ensure that all companies and other business can co-exist in a mutually conducive environment.
  • Society– others (including individuals) who have no control over the company’s fortunes, but who can become potential customers, and in whose existence is the success, happiness and peace of the company and its primary stakeholders.

Axar has worked with various statutory bodies like – RBI, SEBI, various Tax Tribunals (ITAT, CEGAT now CESTAT, etc), High Courts, Company Law Board, and the Institute of Company Secretaries of India (ICSI). Axar continues to support the ICSI’s knowledge portal to serve CS.

Our Team

Devdutta B. Modak (Sunil)

Chairman and Co-founder

Devdutta B (Sunil) Modak is qualified as a Chartered Accountant from 1981 batch. After completing his CA he worked with Price Waterhouse CAs, before returning to academic to obtain PDGBM from IIMA in 1984. After working for a year with Raychem India he decided to Read More…

Milind S. Padalkar


Milind Padalkar has over three decades of experience in the Information Technology industry in ERP applications, Systems Integration, Business Intelligence, and Program Management. He has successfully led complex application portfolio transformation programs for Read More

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