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Anil Thankachan Appointed as Vice President of Human Resources at Innoviti Payment Solutions Pvt. Ltd.BENGALURU, September 8, 2016 /PRNewswire/ -- Move Designed to Promote and Preserve Innoviti's Winning Culture While Building a Preferred Employer Brand - Anil, an alumnus of St. Joseph's College of Business Administration brings in 15+ years of Human Resources Management experience with successful stints in companies including Mu Sigma Inc, GE Capital, Avaya and Tavant Technologies. Innoviti Payment Solutions, a leading provider of payment automation and credit distribution solutions, today announced the appointment of Mr. Anil Thankachan as Vice President, Human Resources. (Logo: http://photos.prnewswire.com/prnh/20151009/10132317 ) A St. Joseph's College of Business Administration alumnus, Anil brings with him 15+ years of Human Resources Management experience from technology companies across startups to Blue Chip nvironments. As a key member of the HR function at these organizations he has been instrumental in building the culture, driving key people impact initiatives and enabling them to grow aggressively and seamlessly. Speaking on the appointment, Rajeev Agrawal, CEO, Innoviti said, "We're pleased to add Anil to our leadership team. He brings with him vast experience of overseeing human resources for companies during critical periods of their strategic expansion. He will lead our talent management initiatives as we drive towards our vision of creating opportunities for employees to have a standard of living that matches with the West." Innoviti has been a pioneer in solving tough real-world payment and credit distribution problems. The Payments and Consumer lending business drives Innoviti's uniPAY product to solve two problems, a) reducing the cost of accepting electronic payments for a seller and b) improving money supply for a buyer at the point of purchase. The company today processes over Rs. 14,000 cr. of payment transactions, reducing cost for the seller in every transaction. It further helps originate consumer loans worth Rs. 800 cr. at the point of purchase. Innoviti's smelending.com is an online marketplace that facilitates a seamless trade credit between manufacturers or suppliers, their large number of credit-seeking dealers and trade finance lenders who are eager to tap this profitable but fragmented lending opportunity. More than 24,000 dealers avail credit of 14/28 days through this platform with 150,000 loans worth Rs. 400 cr. being distributed annually across 30+ Indian cities, making it India's largest SME lending marketplace. "I'm very excited to join Innoviti at a time when the company is growing exponentially and establishing newer benchmarks with their truly innovative product offerings. I look forward to working with their matured and aggressive team and to build talent that will help the company revolutionize the Payments and SME lending space," commented Mr. Anil Thankachan. About Innoviti Payment Solutions Pvt. Ltd. Innoviti Payment Solutions Pvt. Ltd. (formerly Innoviti Embedded Solutions Pvt. Ltd.) has been a pioneer in the use of technology to solve real-world payment acceptance problems of merchants. Using its indigenous developed technology and constant innovation, Innoviti has delivered differentiated solutions for payments automation, consumer credit distribution and SME lending that have become a benchmark in their markets. Innoviti processes over Rs. 14,000 cr. of payment transactions annually including Rs. 1200 cr. of Consumer and SME credit. Innoviti's smelending.com is #1 in the segment of SME lending, processing over Rs 400 cr. per year. uniPAY is India's only omni-channel payment platform for managing payment automation. The company has won Deloitte Asia Pacific award three years in a row and Red Herring Asia award twice. Innoviti is backed by marquee investors such as Titan Company (JV between Tata Group and TIDCO), Catamaran Ventures and New India Investment Corporation, Canada. For more information, please visit - http://www.innoviti.com. Media Contact:
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