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

Director

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.