The 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.
The Journey of Virtual Galaxy Infotech
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
V-Pay: Transforming Digital Payments
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.
ERP and E-Governance Solutions
VGIL has also pioneered innovative ERP and e-Governance solutions, enabling businesses and government entities to streamline operations, enhance data security, and drive efficiency. These solutions align with India’s vision for Digital India, fostering economic growth and digital empowerment.
Awards and Industry Recognition
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
- Best CEO of the Year award for Mr. Sachin Pande
- Best in Class RegTech Solution Award for VGIL’s innovative regulatory technology
Global Expansion and Market Reach
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 across these regions have strengthened its position as a global fintech leader.
Strategic Alliances and Collaborations
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.
The Road Ahead: Future Vision
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.
Embracing Emerging Technologies
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.
Commitment to Digital Inclusion
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.
Leadership Philosophy and Organizational Culture
Fostering Innovation and Agility
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.
Empowering Teams and Individuals
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.
Work-Life Balance and Personal Insights
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.
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.
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.
