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Management Team.


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.

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.

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.

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.



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.

Rahul Garg

Rahul is a Principal at PremjiInvest, where he is a part of the investments team looking at PE and Mezzanine Investments in BFSI (transaction processing and payment solutions), Agri & Food processing, Retail, Domestic Consumption and Conventional Power.

Rahul has worked at ICICI Bank in various profiles including AGM - Corporate Banking, Head Origination - Equity linked Products, Team Leader - Structured Trade & Treasury Products, RMAG and others. Rahul is also a Non-Executive Director at Future Retail Ltd., since August 09, 2018.

Rahul holds an MBA Finance from MDI Gurgaon and B.E. (Mechanical Engineering) from Delhi College of Engineering.

Bask Iyer
Bask Iyer is the CIO at VMware. He joined VMware in March 2015 and now leads its global information and technology organization, a group that manages critical technology systems supporting the company’s worldwide business operations. In August 2018, Iyer added the responsibility of general manager, Edge/IoT for Dell Technologies. From December 2016 to August 2018, he also held the role of chief information officer for Dell. 


A respected industry veteran, Iyer brings more than 25 years of experience in executing and driving change in traditional Fortune 100 manufacturing companies and Silicon Valley-based high technology firms. Prior to joining VMware, Iyer served as senior vice president and chief information officer at Juniper Networks, where he was responsible for the company’s technology and business operations, which included critical services around business transformation, global business services, IT and real estate, and workplace services. Before joining Juniper Networks, he served as chief information officer at Honeywell, and chief information officer at GlaxoSmithKline Beecham for consumer healthcare research and development, where he was also the company’s e-commerce leader. Iyer holds a bachelor’s degree in mechanical engineering from Annamalai University in India and a master’s degree in computer science from Florida Institute of Technology.

Ram Chari
Ram Chari is a senior professional with 27+ years of experience in Payments and Banking domains. He has held various executive leadership roles such as Chief Executive Officer, Board Member, Multi Region Group Lead, Regional Controller and Chief Financial Officer with large organizations like MasterCard, American Express, Network International, DHL, Carlson Wagonlit and Airfreight. He has been instrumental in the strategic transformation of organizations and shaping them into industry leaders. 


Ram brings to the table a global perspective, derived from working in multiple regions including the Middle East, Africa, Asia Pacific, Europe, and Latin America. At FSS, Ram overlooks the Global business while leading Business Units and Sales in FSS.