“Sameer S Nemavarkar appointed new CEO Atos Worldline India”
Mumbai, 15 March 2011
Atos Worldline, which brings together Atos Origin core expertise in hi-tech transactional services, today, announces the appointment of Sameer S Nemavarkar (40) as the new CEO for Atos Worldline in India (Venture Infotek Global Ltd.). In his new role, he will report directly to Atos Worldline CEO Didier Dhennin.
Sameer S Nemavarkar succeeds the founders of Venture Infotek Global Ltd., Dhruv Khaitan and P.K. Khaitan, who were, respectively, Chairman and Managing Director, until the acquisition by Atos Origin in August 2010. The acquisition creates the leading payment processor in Europe and India by integrating Venture Infotek into Atos Worldline.
Sameer is appointed CEO of Atos Worldline in India with immediate effect. He will be responsible for further growing Atos Worldline's leading business in hi-tech transactional services in one of the world's most dynamic and fast growing markets. He will focus on the development of existing electronic payment activities, together with the introduction of innovative solutions based on Atos Worldline's extensive expertise to ensure Atos Worldline in India meets and exceeds emerging business demands to enter new markets and industries.
“I welcome the appointment of Sameer S Nemavarkar as new CEO of Atos Worldline in India. His vast experience in the payment industry will be a solid asset for reinforcing our current presence in one of the fastest growing markets, and for developing new innovative services for an increasing number of Indian customers”, said Atos Worldline CEO Didier Dhennin.
Sameer joins Atos Worldline from Axis Bank, one of India's leading financial institutions, which he joined in 2000 and where he was Senior Vice President and Head of Business - Retail Forex and Remittances.
Sameer has extensive experience in hi-tech transactional services and notably in payments, covering credit and debit cards, internet banking and e-commerce, retail banking, issuance and acquiring. At Axis Bank, he was notably responsible for growing the Forex business & inward remittances business across the retail franchise. Among other achievements, he expanded the card business from 10 to over 200 cities across India, while launching several products, including pre-paid cards and EMV chip debit cards.
Sameer also developed the merchant acquiring business for the bank with several innovations and firsts, including the introduction of GPRS terminals, PC PoS software, and Dynamic Currency Converter (DCC) program.
Sameer holds a degree in Instrumentation Engineering from Mumbai University and has completed his Post Graduation in Business Management from the Indian Institute of Management Lucknow (IIM-L).
About Atos Origin
Atos Origin is an international IT services provider. The company provides customers with hi-tech transactional services, consulting, systems Integration, and manages the implementation thereof. The company's annual revenues are EUR 5.0 billion and it employs 49,000 people. Atos Origin is the Worldwide IT Partner for the Olympic Games and has a client base of international, renowned companies across all sectors. Atos Origin is quoted on the Paris Eurolist Market and trades as Atos Origin, Atos Worldline and Atos Consulting.
About Atos Worldline
Atos Worldline brings together Atos Origin's core expertise in Hi-Tech transactional services. A leader in end-to-end services for critical electronic transactions, Atos Worldline is a specialist in electronic payment services (payment solutions, terminals and processing card payment transactions) and services for financial markets, as well as eCS (eServices for businesses, customers and communities). Atos Worldline's focus on research and innovation enables its customers to benefit from award-winning solutions in areas such as mobile payments, secure IPTV and online CRM. Atos Worldline generates annual revenues of EUR 867 million and employs over 5400 people in the world. For more information: www.atosworldline.com
On 27th August 2010, Atos Origin announced the acquisition of Venture Infotek, a leading independent player on the Indian payment market. Through this acquisition, Atos Worldline reinforced its market position and entered one of the world's fastest growing financial transaction markets.
For more information:
AVP – Corporate Communications
Phone: +91 (22) 4042 4000