Management Team.

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Board of Directors


Mr. Nagaraj Mylandla is the founder and Managing Director of FSS.

A banker turned entrepreneur, Mr. Mylandla is known for his expertise and vision for the Indian payments industry. He has pioneered and spearheaded the marketing and support of retail and wholesale payment solutions in India. He is credited with the implementation of transaction processing and switching solutions for over 35 banks and financial institutions in India and over 30 clients worldwide.

Prior to founding FSS, Mr. Mylandla worked with the Indian banking industry and has a CAIIB to his credit. He also had a stint with FDC in the USA and ACI in Omaha, USA.

In anticipation of the phenomenal growth and transformation of the Indian payments industry, Mr. Mylandla founded FSS in 1991.

Today FSS, under Mr. Mylandla’s visionary leadership, is the leading global payment systems company, offering business value in the areas of electronic payment, financial transaction processing solutions and services. The company is the preferred technology partner and co-innovator for several leading banks in India and global financial giants. Mr. Mylandla established FSS-ASP network FSSNeT, to provide a pan-India shared ATM network. Today, FSSNeT is one of the largest independent shared payment service providers in the region.

With over two decades of experience in the payments industry, Mr. Mylandla is focused on strengthening strategic partnerships with clients, increasing client relevance and evolving the company’s business model towards achieving strategic objectives of FSS. He also steers the global initiatives of FSS while heading the organization.

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Mr. Rudhraapathy J (Rudhraa) is a whole time Director at FSS. With over 22 years of management and technical experience in Banking, Securities, IT and the Payment industry, Mr. Rudhraa has been instrumental in building and scaling many of FSS’ business initiatives successfully. He has a passion for excellence and rigor in execution.

Before joining FSS, Mr. Rudhraa served as Vice President in India Switch Company (ISC) and he worked with Indian Bank prior to joining FSS. He has over a decade of experience in banking and Information Technology. He has been an integral part of the Transaction Processing & Switching industry right from its nascent stages and was actively involved in Indian Bank’s ATM initiative in 1988 and the switch initiative in 1991.

Mr. Rudhraa joined FSS in 1997 and took the responsibility of building the business base for FSS by acquiring new accounts. He has been instrumental in turning around various business initiatives that he has spearheaded within FSS. In addition, he initiated and oversaw the creation of FSS Development Centre, Mumbai and turned the business around to achieve market leadership in India. He has been actively involved with initiatives related to banks switch and shoulders the organizational responsibility. Presently, he is responsible for overall business development and strategic alliances.

Mr. Rudhraa is an applied science graduate from Madras University, and has a CAIIB to his credit.

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Ms. Sharada is a graduate in Applied Arts from the Mumbai University. She is a graphic designer by profession, and has been a creative consultant to numerous reputed advertising agencies including Ogilvy & Mather, Mudra, Rediffusion DY&R, Euro RSCG, and many others.

As a Director, Ms Sharada actively participates in Corporate Communications and directs Advertising, Public Relations and Event Management initiatives at FSS.

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Ms. Bala Deshpande is the Senior Managing Director of New Enterprise Associates (India) Pvt. Ltd based in Mumbai and is responsible for creating and building the India platform for NEA.

Before joining NEA, she served as a Senior Director of Investments at ICICI Venture where she used her operational experience to identify opportunities for investment and played a strategic role in shaping the future of investee companies.

Ms Bala was a Director in several companies including Pantaloon Retail, Air Deccan, Nagarjuna Construction, Welspun, TechProcess Solutions, Info Edge etc. Her private equity experience has seen the full cycle from nurturing young companies to executing multiple exits including IPOs, buy-backs, strategic sales, and capital market divestments.

In addition, Ms. Bala has worked with leading multinational companies such as Bestfoods, Cadburys, and ICI. At Bestfoods, she was part of the Strategic Planning Team and was nominated for the Women Leadership Forum held at Bestfoods, New York.

Ms. Bala has a master’s degree in Economics and Business Administration from Jamnalal Bajaj, Mumbai.

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Mr. Chidambaram is the Managing Director of Jacob Ballas Capital India Pvt Ltd. (JBC) and is responsible for Fund investments, day to day operations of the company and supervising the management team.

Mr. Chidambaram joined JBC in 2005. He has 21 years of financial services and industry experience, including 13 years of private equity experience in India. From 2001 to 2003, Mr Chidambaram worked with HSBC Private Equity (Asia) Ltd, Hong Kong, responsible for private equity investments in India and South East Asia; previously, he served with its affiliate in India for six years, based in New Delhi. From October 2003 until March 2005, he served with HCL Technologies Ltd, a leading Indian IT services company, in the USA and in India, responsible for financial institution relationships and strategic alliances in the investment banking technology and operations division.

Mr Chidambaram commenced his career with SRF Finance Ltd. (since acquired by GE Capital) where he was responsible for Corporate Finance and Investment Banking, based in Bombay. Mr. Chidambaram holds a Bachelor of Commerce degree from the University of Kerala and is a qualified Chartered Accountant.


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C. N. Ram is the Co-Founder & Director of Rural Shores Business Services (www.RuralShores.com), a social enterprise he promoted in Feb 2008 with 5 others to enable the creation of jobs for educated rural youth
through Business Processing Outsourcing centers in villages pan-India.

Ram started his career with Tata Steel and then moved to Bank of America, where he spent 12 year managing IT. He joined HDFC Bank as its third employee in 1994 and managed the setting up and operations of IT functions for 14 years as it became one of the most successful banks respected for its innovative use of technology. Ram was the Group CIO at ESSAR from April 2010 till Jan 2013. a multi-billion multinational conglomerate.

He has served as a member of the Global Customer Advisory Board of NCR Corporation for their Self-Service business, the Asia- Pacific Technology Advisory Board of VISA International & the Customer Executive Advisory Board of Sun Microsystems. He was also a Member of the Reserve Bank of India’s (RBI) IT Advisory Committee. He served on committees constituted by the RBI to advise on Cheque Truncation, Technology for Financial Inclusion, setting up of a multibank telecommunications network etc. He served as an Advisor to the National Depositories Limited and the National Payments Corporation of India Limited. He most recently was on the RBI’s Technology Committee for Mobile Banking and the Forward Markets Commissions’ Advisory Committee on Technology. He is presently serving as Advisor to a few Corporates.

Ram is an Electronics Engineer from the Indian Institute of Technology Madras and an alumnus of the Indian Institute of Management Ahmedabad.

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