Shaping India’s Digital Future Leading IT Solutions in 2025

March, 2025

organization has created opportunities for institutions across India and Africa to grow in scale and confidence. Their work in e-Governance has also measurably supported public sector efficiency. ditor's Perspective Their approach to product development and market outreach reflects a deep understanding of regional and institutional needs. AI-powered platforms and secure digital payment systems have been tailored to improve access, reliability, and performance. The leadership team's long-term commitment to financial inclusion and innovation is evident in every step the company takes, proving that sustained impact comes from building for both the present and the future. This edition captures their journey and many others that are quietly yet powerfully shaping India’s digital roadmap. Have an insightful read with each turning page! Redefining Progress Through Innovation and Impact -Bill Limbert T echnology has become more than just a support function; it is now an enabler of growth, efficiency, and accessibility. In today’s world, where digital readiness determines competitiveness, businesses are turning to intelligent IT solutions that not only solve current challenges but also prepare them for what lies ahead. This shift has prompted organizations across sectors to rethink how they operate, deliver value, and connect with their stakeholders. In this context, leadership is defined by action, agility, and an unwavering focus on creating practical solutions that generate measurable results. It is not about reacting to change but about anticipating and preparing for it. The individuals and organizations featured in this edition have not only embraced this mindset but have also demonstrated how clear vision and consistent execution can drive meaningful outcomes. Our current edition, Shaping India’s Digital Future: Leading IT Solutions in 2025, showcases those at the helm of India’s digital transformation. Through their bold decisions and technology-led strategies, these leaders have elevated the role of IT in public services, financial systems, and enterprise operations. Their contributions are not just about implementing new technologies but are about redefining what is possible when expertise meets purpose. One standout in this edition is a technology company that has redefined how financial institutions approach banking and payments. With a comprehensive suite of core banking and ERP solutions, the

C O N T E N T 08 Subscribe Today COVER STORY The Vision of Avinash Shende & Sachin Pande Stay in the known. Subscribe to enterprisereview Get enterprisereview Magazine in print and digital on Pioneering Fintech Innovation www.enterprisereview.com ARTICLES 16 18 Expanding Digital Landscape Cybersecurity in 2025: Safeguarding India’s Digital Economy The Rise of IT From Code to Impact: The Role of IT Solutions in India’s Growth

Editor-in-Chief s Merry D' Souza CONTENT Managing Editor: Bill Limbert Assisting Editor : Joe Lee www.twitter.com/enterprisereview.com/ www.facebook.com/enterprisereview.com/ WE ARE ALSO AVAILABLE ON Featuring URL Brief DESIGN Visualizer: Stewart Jonas Art & Design Director: Robin Clarck Sr. Graphic Designer : Authur Watson Euphoria is in the field of Information Technology for the last 21 years. They provide solutions mostly in Built Operate and Transfer mode. https://www.euphoria infotech.com/ Euphoria Infotech (India) Ltd At Paramatrix, they empower businesses and individuals worldwide. They strive to deliver solutions across sectors and geographies and drive a positive change in the digital landscape. https://www.paramatrix. com/ Paramatrix Technologies Ltd SALES PFL Infotech Limited initially started its business in the field of poultry and subsequently diversified into the field of software. They are listed on Bombay Stock Exchange. Vice President : Jil Kendal Asst. Vice President : Kevin Johnson Asst. Manager : Robert Hanson Sr. BDE : Priyanka Bardiya https://pflinfotech.in/ PFL Infotech Limited Email sales@enterprisereview.com For Subscription www.enterprisereview.com VGIL is fostering rapid innovation and driving growth through cutting-edge technology. They are committed to providing reliable, tailored technology services that empower organizations to thrive in a fast-evolving digital landscape. Virtual Galaxy Infotech https://www.vgipl.com/ TECHNICAL Copyright © 2025 enterprisereview.com, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Enterprise Review. Reprint rights remain solely with enterprisereview. Yudiz is an ideal digital transformation and technology services company. It has been awarded as the best mobile app development company in Gujarat by GESIA in 2015 Technical Head : Andrea Jackson Technical Specialist: Mike Anderson Technical Consultant : Oliver Sutton https://www.yudiz.com/ Yudiz Solutions Ltd SME-SMO Research Analyst : Wendy J. SEO Lead : Tasha L. March, 2025

Story The Vision of Shende & Pande Pioneering Fintech Innovation With an emphasis on customer satisfaction and technical superiority, VGIL remains at the forefront of the digital revolution in the financial industry, adapting to market trends and evolving business needs. Mr. Sachin Pande Managing Director & CTO Mr. Avinash Shende Chairman & Executive Director

Shaping India’s Digital Future: Leading IT Solutions in 2025 T The Journey of Virtual Galaxy Infotech he financial technology landscape has undergone a remarkable transformation over the past few decades, driven by rapid advancements in digital solutions. At the forefront of this evolution are two visionary leaders, Mr. Avinash Shende and Mr. Sachin Pande, who have redefined banking, fintech, and digital payments through their pioneering work at Virtual Galaxy Infotech Limited (VGIL). Their journey, marked by resilience, strategic foresight, and a commitment to innovation, has positioned VGIL as a leader in core banking, ERP, and e-Governance solutions. With a deep-rooted passion for technology and a mission to foster financial inclusion, Mr. Shende and Mr. Pande have developed groundbreaking solutions that cater to the unique needs of financial institutions. From AI-driven banking platforms to robust digital payment solutions, their contributions have empowered businesses across India and Africa. Their leadership philosophy, centered on continuous innovation, digital transformation, and customer-centric solutions, has not only propelled VGIL's growth but also set new benchmarks in the fintech industry. expansion and product innovation. Their vision revolves around harnessing technology to bridge financial gaps, ensuring digital inclusion, and optimizing financial operations for businesses of all sizes. Founded on September 12, 1997, Virtual Galaxy Infotech Limited emerged as a beacon of technological advancement in the IT and fintech sectors. With its headquarters in Nagpur and operations extending across Mumbai, Delhi, Pune, Bangalore, and Tanzania, VGIL has consistently delivered high-impact solutions that transform banking and financial services. With decades of experience in fintech and enterprise solutions, they have steered VGIL towards remarkable growth by fostering a culture of research-driven innovation. Under their leadership, VGIL has developed a range of sophisticated financial products designed to enhance transactional security, automate workflows, and simplify complex financial processes. Their strategic foresight has enabled VGIL to collaborate with global financial entities and expand its influence across diverse markets. Over the years, the company has built a reputation for its robust software solutions, seamless digital integrations, and client-centric approach. By leveraging cutting-edge technologies like AI, blockchain, and cloud computing, VGIL empowers financial institutions to enhance efficiency, security, and accessibility. The company's commitment to innovation and digital excellence has made it a trusted partner for financial institutions, cooperatives, NBFCs, and government agencies. By prioritizing excellence, scalability, and customer satisfaction, they have successfully positioned VGIL as a pioneer in digital finance. Their relentless pursuit of technological advancement continues to inspire a workforce dedicated to redefining the future of banking and financial technology. Through continuous research and development, VGIL has introduced scalable fintech products that streamline transactions, improve regulatory compliance, and drive financial inclusion. With an emphasis on customer satisfaction and technical superiority, VGIL remains at the forefront of the digital revolution in the financial industry, adapting to market trends and evolving business needs. Early Career and Entrepreneurial Drive Avinash Shende's Journey Mr. Avinash Shende's foray into technology began in the early 1990s when he recognized the immense potential of digital banking solutions. Armed with a Computer Engineering degree and an MBA in IT from Nagpur University, he embarked on a mission to develop cutting- edge banking solutions. In 1997, along with co-founder Mr. Sachin Pande, he laid the foundation for VGIL, introducing AI-powered banking solutions that revolutionized financial transactions. Vision and Leadership At the helm of VGIL are Mr. Avinash Shende, Chairman & Executive Director, and Mr. Sachin Pande, Managing Director & CTO. Their combined expertise in computer engineering, IT, and business strategy has driven VGIL's Sachin Pande's Contributions Mr. Sachin Pande's passion for technology and business strategy played a crucial role in shaping VGIL's growth. His expertise in fintech marketing and enterprise solutions enabled the company to forge partnerships with over 200 financial institutions. His strategic approach to technology adoption and market expansion has positioned VGIL as a trailblazer in fintech innovation. With decades of experience in fintech and enterprise solutions, Avinash and Sachin have steered VGIL towards remarkable growth by fostering a culture of research-driven innovation. Core Innovations and Industry Impact E-Banker: Revolutionizing Core Banking One of VGIL's flagship products, E-Banker, is an AI- powered Core Banking Solution that streamlines financial

operations for banks and NBFCs. Designed for scalability and efficiency, this solution has significantly enhanced banking infrastructure across India and Africa, driving operational excellence and customer satisfaction. streamline operations, enhance data security, and drive efficiency. These solutions align with India's vision for Digital India, fostering economic growth and digital empowerment. across these regions have strengthened its position as a global fintech leader. Best CEO of the Year award for Mr. Sachin Pande Best in Class RegTech Solution Award for VGIL's innovative regulatory technology · · Strategic Alliances and Collaborations Awards and Industry Recognition VGIL's success can be attributed to its focus on strategic collaborations. By partnering with banks, microfinance institutions, and government agencies, the company has been able to offer tailored digital solutions that drive financial inclusion and operational efficiency. V-Pay: Transforming Digital Payments Global Expansion and Market Reach VGIL's V-Pay platform is a robust digital payment solution designed to cater to the evolving needs of financial institutions. With its secure, AI-driven architecture, V-Pay has facilitated seamless transactions, making digital banking more accessible and efficient. The contributions of Mr. Avinash Shende and Mr. Sachin Pande have been widely recognized in the fintech industry. Their accolades include: · Asia Leadership Award for Financial Services Tech of The Year · Inspiring Leaders Award for Outstanding Achievement in Financial Technology Advancement · Global Excellence Forum Indian Icon's Award for Best Innovation in Core Banking Solutions Presence in India and Beyond With a strong foundation in India, VGIL has expanded its reach to international markets, particularly in Africa. The company's strategic partnerships with financial institutions ERP and E-Governance Solutions VGIL has also pioneered innovative ERP and e-Governance solutions, enabling businesses and government entities to With decades of experience in fintech and enterprise solutions, Avinash and Sachin have steered VGIL towards remarkable growth by fostering a culture of research-driven innovation.

The Road Ahead: Future Vision The journey of Mr. Avinash Shende and Mr. Sachin Pande is a testament to the transformative power of technology and strategic leadership. Through Virtual Galaxy Infotech Limited, they have not only revolutionized the banking and fintech industries but have also paved the way for future innovations in digital finance. Commitment to Digital Inclusion Empowering Teams and Individuals Both leaders emphasize the importance of digital inclusion, ensuring that VGIL's solutions cater to underserved markets. By bridging financial gaps, they aim to drive economic growth and empower businesses globally. Their leadership style focuses on empowering individuals within the organization. By fostering a culture of curiosity and experimentation, they encourage employees to think beyond traditional boundaries, resulting in innovative solutions that address real-world challenges. Transition to a Public Limited Company As VGIL moves toward becoming a public limited company, Mr. Shende and Mr. Pande remain committed to expanding the company's global footprint. Their focus on SaaS-based innovation and cloud-driven fintech solutions will further enhance VGIL's market position. Leadership Philosophy and Organizational Culture As VGIL continues to expand and embrace emerging technologies, their unwavering commitment to innovation, financial inclusion, and digital transformation will remain the driving force behind its success. Their story serves as an inspiration for aspiring entrepreneurs and business leaders looking to make a lasting impact in the world of technology and finance. Work-Life Balance and Personal Insights Fostering Innovation and Agility Balancing the demands of a rapidly evolving fintech industry with personal well-being is a priority for both leaders. They advocate for structured time management, effective delegation, and maintaining a clear boundary between professional and personal life to ensure sustained productivity and innovation. Embracing Emerging Technologies Mr. Shende and Mr. Pande believe that agility and adaptability are key to success in the fintech industry. They promote a culture of continuous learning, cross-functional collaboration, and proactive problem-solving. The future of fintech lies in AI, blockchain, and cybersecurity. Under their leadership, VGIL is poised to integrate these technologies into its offerings, ensuring enhanced security, efficiency, and user experience. By leveraging cutting- edge technologies like AI, blockchain, and cloud computing, VGIL empowers financial institutions to enhance efficiency, security, and accessibility.

Expanding Digital Landscape Cybersecurity Cybersecurity in 2025: Safeguarding India’s Digital Economy T for carrying out transactions day by day. The rising use of digital payments, cloud, and artificial intelligence has further raised the stakes in cybersecurity. As the nature of sophistication in cyber-attacks deepens, having a secure cyberspace environment is more vital than ever to thwart data breaches, financial assets, and even country-level security. he digital economy of India is growing rapidly, and millions of citizens as well as commercial enterprises, are increasingly relying on the internet and IoT devices also adds to the attack surface, so cybersecurity defenses need to be strengthened. Regular Software Updates: Keeping systems and software up to date blocks exploitation. Multi-Factor Authentication (MFA): Implementing additional layers of security blocks unauthorized access. Cybersecurity Awareness: Educating users and staff on how to recognize phishing and malicious links. Data Encryption: Securing sensitive data from unauthorized access. Robust Firewalls and Antivirus Protection: Blocking malware and attempted unauthorized access. The Role of AI and Automation in Cybersecurity Securing the Future • • Since India is moving forward to its cyber age, cyber security can never be anything less than a top concern. The government, corporate organizations, and people should join hands in creating a safe cyber age. Cyber security should be made tighter, the most sophisticated security systems upgraded, and massive investment in state-of-the- art security software. This will protect India's burgeoning digital economy. Government Initiatives and Policies The Indian government has made numerous efforts toward enhancing the quality of cybersecurity. The National Cyber Security Policy and the Personal Data Protection Bill are measures towards protecting sensitive data. Agencies like the Indian Computer Emergency Response Team (CERT-In) monitor and deter cyber-attacks round the clock. Above all this, tight compliance measures for companies force firms to invest so much in cybersecurity procedures as a measure of guaranteeing user data. • • • Rising Cyber Threats in India • Act Today Increasing numbers of people are going digital, and therefore, cyberattacks have grown many times over. Phishing, ransomware, and data breaches today are rampant threats that infuse individuals, organizations, and government departments. Cyber attackers are taking advantage of software, network, and user vulnerabilities, and this is causing unprecedented monetary and reputational damage. The widespread adoption of 5G Artificial intelligence is emerging as the center of attention when it comes to detecting and responding to cyber-attacks. Security software that is based on AI monitors patterns, identifies anomalies, and acts on threats sooner than humans. Automation assists companies in protecting the network better with minimal human interference and response time against threats. Cybersecurity is everyone's responsibility. Whether you are a person, an entrepreneur, or a policy maker, you can make the cyber world secure by doing the right thing. Be careful, follow security best practices, and help secure digital India. Strengthening Cyber Defenses Organizations and individuals need to take proactive steps to improve cybersecurity. Some of the necessary steps include: 16 | Enterprise Review March | 17

The Rise of IT From Code to Impact: The Role of IT Solutions in India’s Growth T Boosting E-Governance and Public Services he technology sector now values India as a leading participant because its IT solutions benefit multiple industries worldwide. Digital expansion in the country enables business opportunities and strengthens governance together with delivering improved services. Society and economic growth heavily rely on software systems and digital tools thus, making IT solutions essential to understanding future development. The implementation of IT solutions throughout governance systems brings improved delivery to public services. The use of online portals and mobile applications and digital record systems has produced better transparency through decreased paper documents. The government launched initiatives to support citizens in accessing banking services along with healthcare and educational offerings without encountering time-related barriers. Explore the impact of IT solutions on Indian development, with their effects on various national industries in this article. Security operations in law enforcement are maintained through data-driven policing techniques and digital observation systems which result from IT-based solutions. Biometric authentication and electronic identification have facilitated better service delivery and simultaneously decreased identity theft as well as fraud incidents. Strengthening Business Efficiency The operation of businesses has undergone complete transformation because of IT solutions that deliver enhanced operational efficiency together with cost reduction and superior decision-making abilities. The combination of automated operations and cloud services and artificial intelligence systems enhances business productivity. Companies leverage big data to achieve better process optimization while understanding how customers behave. Enhancing Education Through Technology The educational system of India received major improvements because of information technology solutions. Higher education accessibility emerged because of new online learning systems connected to virtual classrooms together with digital book resources. Through digital educational resources, educators can extend their premium quality education services to physically distant students. Students benefit from educational tools that emerged from modern technology because teachers gain improved instruction methods and better student interaction skills. The rise of digital payment options lets every business, including small establishments, embrace cashless commerce to attract new customers beyond their traditional reach. Remote working capabilities made possible by digital technology has produced additional savings along with improved operational flexibility. 18 | Enterprise Review March | 19

Applications for digital admission have automated procedures because they eliminate human error and decrease administrative hurdles. Online coursework and certification acquisition allow working professionals to boost their competencies, thus making them ready for any workplace needs. market information together with prescribed farming guidelines. Farmers can use mobile applications to establish buyer connections directly, which eliminates their need for intermediaries in transactions. Precision farming through data tracking systems has improved farmers' resource usage and has resulted in elevated crop output. The efficiency of agricultural operations is improved through drones working alongside automated irrigation systems. Modern agricultural technology combinations bring higher profits and sustainable farming practices to the farmers. Transforming Healthcare Services IT solutions across different branches work simultaneously to enhance healthcare service delivery. Patients choose remote doctor visits through telemedicine because this technology helps decrease hospital responsibility levels. Patient medical files available digitally drive both better medical treatment selections and exact healthcare diagnoses. Improving Transportation and Logistics the shipment progress live, so they know where their deliveries stand throughout. This enhances both transparency and reliability. Medical staff combines artificial intelligence solutions with data analytic tools to find illnesses at their initial stages, followed by recommended successful treatment plans. Mobile health applications let users track their health activities while caring for chronic diseases and gain timely medical knowledge. The implemented solutions have delivered efficient healthcare services that blend affordable healthcare costs with wider accessibility possibilities. New technology-driven systems, both for ridesharing and ticketing, have made public transportation options accessible to a wider audience. Better traffic management results from IT solutions because they implement smart signals and automated monitoring systems to decrease congestion while enhancing road safety. Strengthening Financial Inclusion Conclusion Digital adoption within the financial industry accelerated tremendously thus increasing the number of people joining the banking sector. Mobile payment systems and financial management applications under online banking expanded bank service accessibility to more people. People in rural communities finally have access to digital financial solutions since traditional banking services remained out of their reach. The Indian economy experiences widespread positive effects from IT solutions that boost operational effectiveness and user reach and operational efficiency. The future expansion of opportunities and innovation will occur through digital technology advancements. Organizations together with government bodies and private people need to adopt technological developments to achieve maximum performance capabilities.The proper implementation of IT solutions has revolutionized transportation logistics through enhanced supply chain management along with improved delivery speed. The implementation of GPS tracking along with automated warehouses and smart transportation systems improved the efficiency of goods delivery. Digital platforms help customers monitor Digital platforms using IT in fintech services enable users to access present-day digital loan services while diminishing their dependency on conventional banking establishments. The real-time transaction processing and fraud detection systems that digital finance provides generate maximum security and trustworthiness for platform users. Driving Innovation in Agriculture Given its status as a vital economic segment in India, IT solutions create modern approaches to enhance agricultural output levels. Agricultural producers benefit from digital interfaces that display weather reports combined with 20 | Enterprise Review

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Shaping India’s Digital Future Leading IT Solutions in 2025

Shaping India’s Digital Future Leading IT Solutions in 2025

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