Azentio appoints Harikrishnan Venkataramanan as President – Enterprise Resource Planning (ERP) to spearhead next phase of innovation and growth
With over 25 years of experience in enterprise technology, including more than two decades in senior leadership at Ramco Systems, Hari brings a rare combination of strategic vision and deep executional expertise. His appointment marks a pivotal moment in Azentio's journey to transform and scale its ERP business across high-growth markets.
Hari has led ERP transformations across industries and geographies, delivering double-digit growth, sustained client success, and cutting-edge innovation in complex enterprise environments. He is known for building agile, customer-focused organizations that unlock real business value.
In his new role, Hari will lead Azentio's ERP strategy across product, engineering, and go-to-market, with a focus on expanding into new verticals, accelerating product innovation, and elevating customer experience. His leadership will be key to shaping the next generation of Azentio's ERP offerings for sectors such as manufacturing, distribution, and financial management.
Sanjay Singh, CEO of Azentio, commented:
"Hari joins us at a transformative time for our ERP business. His track record of growth, innovation, and customer-centric execution makes him the ideal leader to drive our ambitions forward. We are thrilled to welcome him into the Azentio leadership team as we sharpen our focus on regional momentum and product excellence."
Harikrishnan Venkataramanan, President – ERP, added:
"I'm energised by the opportunity to lead Azentio's ERP business into its next phase. Today, ERP is about far more than operations, it's about enabling intelligent, connected, and scalable enterprises. With Azentio's strong regional foundation and product DNA, I'm excited to unlock new value for our customers and partners.'
Hari's appointment reinforces Azentio's commitment to delivering transformative, industry-specific ERP solutions that empower businesses to scale, adapt, and lead in a rapidly evolving market landscape.
Distributed by APO Group on behalf of Azentio Software Private Limited.
Contacts:
Media
Sohini Bhattacharya
sohini.bhattacharya@azentio.com
About Azentio:
Azentio is a leading provider of purpose-built, intelligence-driven technology solutions designed to transform the banking, financial services, insurance (BFSI), and enterprise resource planning (ERP) sectors. By combining cutting-edge innovation with deep domain expertise, Azentio empowers businesses to accelerate growth, enhance operational efficiency, and stay ahead in a rapidly evolving market. With a strong presence across the Middle East, Africa, and Southeast Asia, Azentio delivers world-class technology that streamlines processes and delivers tangible results, enabling organizations to achieve sustainable success. For more information on Azentio, please visit www.Azentio.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
6 hours ago
- Khaleej Times
From niche to mainstream: Why Islamic finance is critical to the UAE's future development
Islamic finance is no longer a regional curiosity; it is becoming part of the structural foundation of global financial systems. Once confined to a handful of markets and perceived as serving a niche clientele, Islamic banking was often seen as parallel to, rather than integrated with, the global financial mainstream. This shift reflects a growing recognition of its ethical foundations, structural resilience, and alignment with evolving global economic priorities. Within the UAE, both Dubai and Abu Dhabi are increasingly recognised as critical global financial hubs. This has been driven in recent years by successful economic diversification underpinned by a fast-growing financial services sector and infrastructure aligned with international best practice. Islamic finance has an integral role to play in enabling cross-border market accessibility and diversifying domestic funding sources to support the next phase of financial services development in the UAE. Standard Chartered's latest report, Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts, reveals that global Islamic finance assets are on track to surpass $7.5 trillion by 2028, up from $5.5 trillion in 2024. This represents an impressive 36 per cent asset growth over the next four years. Rising financial volatility, growing calls for sustainability, and demand for inclusive, ethical finance have brought Islamic banking into sharper global focus. The UAE is at the forefront of this shift, publishing a set of Guiding Principles for sustainability in Islamic financial institutions in 2023 that encourage industry participants to integrate sustainability ambitions into their practices and processes. Recent progress has shown that these values are resonating more than ever with governments, corporates, and investors seeking resilient and inclusive financial frameworks in the UAE and across the MENA region. Islamic banking now accounts for over 70 per cent of total Islamic finance assets and is set to grow from $4 trillion in 2024 to $5.2 trillion by 2028. Meanwhile, the Sukuk market, a vital liquidity tool for governments and institutions, is projected to reach nearly $1.5 trillion. The UAE was one of several countries to make short-term treasury sukuks available in recent years, as they are considered among the most effective tools for fund raising in Islamic money markets. The overall growth in Islamic finance assets highlights shifting preferences, deeper institutional integration, and rising global demand for sustainable finance. This shift also reflects a broader change in mindset. Islamic finance is no longer seen as 'alternative finance,' but as strategic finance, a model that can integrate into the portfolios of global asset managers and the frameworks of sovereign wealth funds. Since the pandemic, the emergence of Islamic digital banks in countries including the UAE has been testament to this. At Standard Chartered, we view this moment as a call to action. As the only international bank with a global Islamic banking franchise, Standard Chartered Saadiq, we are uniquely positioned to partner with financial institutions, corporates, and clients across more than 25 markets, from the UAE to the UK and Africa. From helping institutions meet liquidity requirements to supporting green Sukuk issuances, we are enabling the next chapter of growth in Islamic finance. Yet, with opportunity comes responsibility. The next phase of growth in Islamic banking will depend on how well the industry addresses existing challenges. Regulatory harmonisation across jurisdictions, improved liquidity management mechanisms, and a renewed focus on product innovation are all essential. The journey of Islamic banking reflects growing prominence in the UAE, the broader MENA region and across international markets. As the world becomes more focused on resilience, sustainability, and inclusive prosperity, Islamic finance offers a model that speaks to both values and performance. The work ahead lies in deepening collaboration, improving consistency across markets, and continuing to innovate in ways that serve real economic needs. At Standard Chartered, we are committed to enabling that journey and see this as an opportunity and a responsibility to support our clients, strengthen communities, and help shape a more balanced and purpose-driven financial future for the UAE as an increasingly critical global financial hub serving international markets. The writer is CEO, Group Islamic Banking, Standard Chartered


Arabian Business
6 hours ago
- Arabian Business
Global tourism to reach 30 billion trips, $16tn GDP by 2034: Report
Global tourism is projected to serve 30 billion tourist trips by 2034, contributing $16 trillion to global GDP and representing more than 11 per cent of the total world economy, according to a new World Economic Forum report. The report, titled 'Travel and Tourism at a Turning Point: Principles for Transformative Growth,' was produced in collaboration with Kearney and the Ministry of Tourism of Saudi Arabia. It reveals that the tourism sector is expanding 1.5 times faster than the global economy, generating significant commercial opportunities as long as mounting challenges of climate change, labour shortages and infrastructure gaps are addressed. Asia to lead global tourism growth Asia is on track to become the world's fastest-growing tourism economy, with the direct travel and tourism GDP contribution expected to exceed 7 per cent across the region by 2034. India and China alone will represent more than 25 per cent of all outbound international travel by 2030. Countries such as Sri Lanka, Thailand, Indonesia, and Saudi Arabia are also poised for significant growth, driven by substantial investment in their tourism sectors. This momentum is leading to a rise in international arrivals, increased tourism-related business activity and greater global visibility. High-growth segments like sports tourism are projected to hit $1.7 trillion by 2032, while ecotourism is growing at a 14 per cent compound annual growth rate, redefining travel priorities. The global travel technology market, worth $10.5 billion in 2024, is set to nearly double by 2033, as 91 per cent of industry tech leaders anticipate aggressive investment increases. To support this boom, the industry will need to expand significantly – requiring an estimated 7 million new hotel rooms, 15 million additional flights annually and investment in infrastructure capable of supporting 30 billion trips globally. However, the report also flags significant risks. Travel and tourism currently accounts for 8 per cent of global greenhouse gas emissions, a figure that without intervention could rise to 15 per cent by 2034. Waste generated by tourists is expected to reach 205 million tons annually, equivalent to 7 per cent of the world's solid waste. Workforce shortages are escalating, with the UK alone seeing 53 per cent turnover in 2022–2023, while the US hospitality industry continues to lag in hiring despite 16 per cent-above-inflation wage increases. Without decisive, coordinated action, the sector could face up to $6 trillion in lost revenue by 2030 from future disruptions, missing its potential to become a true driver of resilience, inclusion and regeneration. Børge Brende, President and CEO of the World Economic Forum, said: 'As global travel accelerates, we are standing at a pivotal crossroads. The sector's potential to drive inclusive prosperity, cultural understanding and environmental regeneration is immense – but realising this opportunity will require more than incremental change. 'It calls for a bold reimagining of the systems that underpin travel and tourism, anchored in multistakeholder collaboration. From aligning on sustainable fuel standards to empowering local communities in tourism planning, the time has come to redesign the rules to create a sector that works better for people and the planet. This report offers a blueprint to guide that transformation and unlock tourism's full promise in a rapidly evolving world.' Ahmed Al-Khateeb, Minister of Tourism for the Kingdom of Saudi Arabia, said: 'This report cements a global truth: tourism is not just a siloed, standalone industry—it is an engine for economic growth, cultural understanding, and international cooperation that influences all aspects of the world's experience-driven economy. As the sector expands, the global community must lead with purpose—reimagining tourism to be more sustainable, inclusive, and resilient. 'In Saudi Arabia, we're investing in regenerative destinations, future-ready infrastructure, and talent development – not only to welcome 150 million visitors by 2030, but to help shape and support the future of global tourism. The story being written about tourism of the future is one of transformation, and we invite the world to be part of it.' Bob Willen, Managing Partner and Chairman at Kearney, added: 'Tourism is a powerful driver of jobs, culture and economic growth around the world. As the industry grows to meet the needs of billions more travellers, it also needs to evolve. That means using technology responsibly, supporting workers and small businesses, protecting the planet, and making sure local communities truly benefit. 'The principles in our report lay out a practical path forward from investing in greener infrastructure and building a more inclusive workforce, to preserving cultural heritage and planning for future crises. It's about creating a travel and tourism sector that's not just bigger, but works in everyone's interests.'


Zawya
8 hours ago
- Zawya
TECHKLOUD Officially Launches Exclusive Online Shopping Channel for Singapore, Making Global Goods Easily Accessible
SINGAPORE - Media OutReach Newswire - 3 July 2025 - The TECHKLOUD cross-border shopping platform brings a brand-new shopping experience to Singapore consumers, now officially launching an exclusive channel for convenient access to high-quality products from over 20 countries worldwide. From beauty products from Japan and Korea to Nordic home goods, everything you need is available to meet diverse shopping demands. With a fully compliant customs process, products are delivered directly to Singapore, making your cross-border shopping experience more secure and smooth. TECHKLOUD offers delivery services across Singapore, with core areas receiving shipments within 3-5 business days to ensure a fast experience. Additionally, the platform features a real-time package tracking system, allowing consumers to monitor their shopping progress at any time, providing peace of mind. All products on the TECHKLOUD platform are officially authorized genuine items, ensuring that every purchase is of high quality. We also offer localized customer support, with a service team proficient in English and Mandarin, ready to answer questions and provide assistance. To guarantee your shopping experience, TECHKLOUD provides a flexible 15-day hassle-free return and exchange policy. If the purchased item does not meet your expectations, you can easily return or exchange it for a more reassuring shopping guarantee. We support various payment methods, including PayNow, GrabPay, PayPal, credit cards, and NETS, with all transactions secured and certified by the Monetary Authority of Singapore (MAS) to ensure safety and convenience. TECHKLOUD Singapore is dedicated to providing consumers with a fast, safe, and convenient shopping experience. The platform covers multiple categories, including fashion, consumer electronics, home goods, toys, and sports equipment, leading the e-commerce development in some of the fastest-growing countries globally. TECHKLOUD always focuses on delivering exceptional service, ensuring every customer enjoys multiple payment options, free returns, and comprehensive support with warranty commitments. Visit our website: Experience seamless shopping services and access to quality global products. Hashtag: #TECHKLOUD The issuer is solely responsible for the content of this announcement. TECHKLOUD PTE. LTD.