Assisting Board in Governance & Compliance


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.

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 pursue entrepreneurial interest.

He was the first Indian software entrepreneur to move away from services based on sale of man-time to IP based products and solutions selling. In 1993, before the advent of world-wide-web he innovated law information dissemination on computer networks. The resultant product – eJurix – from Spectrum Business Support Ltd., is now used by thousands of law professionals in India, including High Courts, Tribunals, Law Enforcement agencies, Top accounting firms, large banks, corporates and law firms. Under his leadership, Spectrum developed one of the world’s first full-text multi-lingual search engines – before the creation of Unicode.

He is a serial entrepreneur who identifies new business opportunities and nurtures them till critical mass is reached. He co-founded Axar Digital Services Pvt Ltd. in 1998 which delivers BoardEye and Legilens – two excellent automation software system under the BiS (Board Information System) solution offering for Directors and Company Secretaries respectively. He co-founded Ixsight Technologies Pvt Ltd, a pioneer in Data Quality solutions which has become India’s leading solution provider for large clients in the Banking, Financial Services, Insurance and Telecom industry.

He is regularly invited to speak & write on the Internet, e-Commerce, Information Technology, Knowledge Management, Intellectual Property Rights, Innovation and related law, Reduction of Pendency in the Indian Court System by various organizations and institutes like – Institute of Company Secretaries of India, Institute of Chartered Accountants of India, Comdex India, Mudra Institute of Communications, IIM Ahmedabad etc.


Devdutta B. Modak (Sunil), FOUNDER

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 global clients, and has deep familiarity with several technologies. He has served in top management capacities as Profit Centre Head and Global Practice Leader for more than 15 years.
He is a fellow of Indian Institute of Management, Kozhikode, equivalent to a PhD degree and is an alumnus of Indian Institute of Management, Ahmedabad, and Indian Institute of Technology, Delhi. He is a recipient of several awards for professional and academic achievements.


Milind S. Padalkar, Co-founder
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