The Cosmos Co-operative Bank Ltd, Chairman, CA Milind Kale inaugurates IT hub of Imperative Business Ventures Pvt Ltd at Thane, Maharashtra

Imperative Business Ventures Private Limited (IBVPL), which inaugurated its state-of-the-art IT, 1000 plus seater facility in Thane early last month and bagged nine contracts in just three weeks, is set to achieve a turnover target of Rs 100 crore by 2025. The company is offering Software Development, Digital BPM, Digital Transformation, SaaS, PaaS, IaaS & Cloud Services for start-ups and FinTech firms.

The inauguration was performed by CA Milind Kale, Chairman of Cosmos Co-operative Bank while Vinayak Vispute, BMC Assistant Commissioner was guest of honour and inaugurated its ODC(Offshore Development Centre) facility, Veteran banker Anand Chitnis inaugurated its IT and software labour innovation Lab. Avadhut Thali of the BPO industry, inaugurated its Incubation Centre for Start-Ups and Fintechs with Narendra Pawar, ex-MLA from Kalyan also gracing the occasion.

Manjusha Paithankar, Founder-Chairperson of IBVPL, says the company is showing excellent performance and will be expanding operations overseas beginning with the US, Canada and the Middle East. IBVPL is a fintech conglomerate started back in 2011 by women entrepreneurs with Manjusha Paithankar, founder and chairman at the helm. As head of this fintech conglomerate of women entrepreneurs, Paithankar notes her creative team of entrepreneurs, engineers, researchers and industry leaders who have come together to explore opportunities, eliminate business process challenges and introduce innovative business solutions in the domain of AI, ML, RPA, and Big Data Analytics. She noted the focus on innovative business transformation solutions for BFSI and global clients.

The company’s platforms are engineered to replace slow and outdated manual processes with streamlined, automated workflows thus leading to increased accuracy and productivity for businesses in the areas of Document Workflow Management, Credit Assessment, Customer On-Boarding, Video KYC, Data Extraction by OCR and Classification using AI and Accounts Payable and Accounts Receivable automation platform. Its innovative business transformation solutions and digital BPM services for customer on boarding, data aggregation and data analytics using AI, machine learning, RPA and big data analytics is being used by leading BFSI, telecom, healthcare, e-commerce, media and entertainment.

It is also in the process of creating a Special Technology testing lab for banking software and a center for excellence in training niche software as also providing placement assistance to candidates in relevant sectors.

The company will soon be launching a Digital Payments Platform for women entrepreneurs with the aim of enabling them to seamlessly conduct online e-commerce transactions, to open new business avenues in the payments space, thus rendering them financially independent. This will consequently spread financial awareness at the grassroots level.

Mrs. Manjusha Paithankar points out that Imperative’s immense experience of over a decade coupled with its expertise, has contributed to making it a strategic partner for its valued patrons. It will continue to provide intelligent solutions that would enable businesses to evolve further through improving productivity and enhancing customer satisfaction.