Assisting Board in Governance & Compliance

Our Founders

Devdatta Modak

Devdatta Modak

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.

Our Directors

Milind S. Padalkar

Milind S. Padalkar

Director - Technology

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.

Nilesh Mehta


Nilesh Mehta has rich experience in the field of financial services like investment banking, venture capital/private equity and corporate strategy. He is currently cofounder and Managing Partner of Access India Fund, a SEBI registered private equity fund investing in mid market, unlisted opportunities in India. Access has made 5 investments so far, primarily in services or consumer facing businesses.  

Nilesh managed Aureos Capital’s India business as co head and Managing Partner from 2005 to 2010. Aureos raised US $ 100 M India Opportunities Fund to invest in mid market opportunities in India. The Investors in the fund include some Development Financial Institutions of Europe, Insurance companies, commercial banks and family offices. The Fund made 5 investments of expansion capital nature and achieved 2 exits during his tenure. 

From 2000 to 2005, Nilesh was Managing Partner of eIndia Venture Fund/Infinity II, where he led four IT-related investments in India/US cross border investments.

Prior to this, he spent 16 years in investment banking, venture capital investments and fund based activities, occupying positions as managing director of Meghraj Financial Services (India) Ltd (MFSI) and executive director of Anagram Finance Ltd.  At MFSI, he led several private equity transactions and mergers and acquisitions of mid cap Indian companies.

He is a Member of the Institute of Chartered Accountants of India, and holds a Post Graduate Diploma in Management from the Indian Institute of Management, Ahmedabad, where he also taught Finance and Control Systems as a visiting faculty for a few years.

He sits on the Board of few public and private companies, and is one of the founder trustees of Aavishkaar Micro Venture Fund. He is also a Charter Member and mentor of The Indus Entrepreneurs (TiE), India.

Dr. Ajit Ranade

Dr. Ajit Ranade


Dr. Ajit Ranade is Group Executive President and Chief Economist with the multinational Aditya Birla Group.

He is a member of the National Executive Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) and of the Economic Policy Council of the Confederation of Indian Industry (CII). He is Chair of the Research Advisory Panel of the Indian Institute of Banking and Finance, and member of the Governing Council of Centre for Advanced Financial Research and Learning (CAFRAL) of the RBI. He represents India on the Board of Governors of Economic Research Institute for ASEAN and East Asia (ERIA) based in Jakarta, Indonesia. He is a board member of the Gokhale Institute of Politics and Economics, and chairs the Academic Council of Meghnad Desai Academy of Economics.

He was a member of the Capital Account Convertibility Committee and the FEMA Review committee of the Reserve Bank of India. He was a member of the Governing Council of the Banking Codes and Supervisory Board of India. He has served as a member of the Board of Governors of IIT, Bombay. 

He is an engineer (IIT Bombay) and MBA (IIM Ahmedabad) and received a PhD in Economics from Brown University, USA. He received the Distinguished Alumnus Award from IIT Bombay in 2009, Scholar of the Year Award from Wadia Trust in 2010, Dr. Ramchandra Parnerkar Economics Award in 2012, and the Aditya Birla Leader of Leaders Award in 2015.

He is a co-founder and Trustee of the Association for Democratic Reforms, an NGO working in area of electoral and political reforms.

He writes regularly in newspapers on economic, social and political topics.