Board of Directors

V. SHANKAR, Managing Director & CEO

As Managing Director and CEO, Shankar is the driving force behind the MAXIMUS technology platforms. A firm believer in innovation, Shankar leverages deep understanding of complex technologies to design futuristic and profitable solutions. Shankar has developed customer engagement frameworks to ensure customer delight through direct deployment models and partnerships.

His sensitivity to customer requirements, his focus on being a responsible solution provider and his interest in building trustworthy relationships with all stakeholders in the business eco-system define the foundational values for the organization.

In his earlier tenure, he played a key role in conceptualizing and setting up Inter-connected Stock Exchange of India (ISE). As Managing Director and CEO of ISE, he set-up a national grid of 14 regional stock exchanges. He also established ISE’s subsidiary, ISE Securities & Services Ltd. (ISS) and was instrumental in scaling up the businesses of ISE and ISS by launching depository participant (DP) services, training, research and internet trading. He was a member of the SEBI Committee for formulating Model Bye-laws for stock exchanges.

Prior to his stint with ISE, he was with the Bombay Stock Exchange as Director – Information Systems, Market Operations and Investor Services where he led the over 150-member IT team that conceptualized, designed and implemented the BSE Online Trading (BOLT) system in 1995, the largest of its kind in the country at that time.

Shankar is a Mechanical Engineer with a Master’s Degree in Management Studies and has over twenty-five years of experience in financial services and IT domains.

UMA SHANKAR, Director – Finance & HR 

Uma is a co-founder of MAXIMUS and brings with her nearly 20 years of entrepreneurial experience in marketing of software and financial products. She was one of the top dealers of the now well-established financial accounting software, Tally, and played a major role in popularizing it. She had developed a client base of nearly 3,000 customers for Tally, ranging from multinational companies to small and medium enterprises (SMEs). Representing a leading Indian private sector bank, her firm also sold property mortgage products to over 10,000 customers.

At MAXIMUS, Uma’s portfolio covers financial planning, cash flow optimization and investments. She also takes care of resourcing, training & nurturing of the company’s human assets and fostering excellence in them.

Prior to turning entrepreneur, Uma had a decade long stint as a banker and is thoroughly conversant with banking and financial services operations.

She is a Graduate Member of the Institute of Cost and Works Accountants of India and a Certified Public Accountant, USA.

PIYUSH SHAH, Director – Marketing 

As Director – Marketing, Piyush is responsible for driving the sales initiatives of the company and also for marketing and business development functions.

His experience in sales and marketing of financial and software products have given him a keen sense of understanding and grasp of customer requirements, a trait that is invaluable in marketing and sales. His in-depth knowledge of all the MAXIMUS products enables him to propose the correct offering to customers.

He works diligently to forge close relationships that benefit both the customers and the organization – customers by way of solutions that meet their exact requirements and the organization by way of critical inputs to the project execution teams for enhancing product value and service levels.

Piyush has a degree in Commerce followed by a Post-Graduate Diploma in Computers.


Sajit Kumar is Sr. Vice President at SIDBI Venture Capital Limited (SVCL) and has been actively involved in making venture investments and exits for over a decade and half. Hitherto he has represented SVCL on the boards of investee companies including Limited (Billdesk), Manthan Software Services Private Limited and Centaur Pharmaceuticals Private Limited. With rich experience in delivery channel and payment industry solutions, he advises the company on strategic and policy matters.