22-05-2025
Khandelwal steps down as Deutsche India CEO, to focus on startups
File photo: Dilipkumar Khandelwal
BENGALURU: After a five-year stint, Dilipkumar Khandelwal stepped down as CEO of Deutsche India, head of global technology centres, and MD & global CIO of corporate functions in Deutsche Bank.
Sources told TOI that he is beginning a new innings in the startup space.
As CEO, his role was focused on optimising multiple, integrated functions that deliver solutions to the global organisation. Prior to this, he was the former managing director of SAP Labs India.
He oversaw tech centres across Bengaluru, Pune, Bucharest, Berlin, and Cary. Deutsche India has 23,000 employees, with over 8,000 in the India tech centres, making up 25% of the global workforce.
When TOI reached out to the firm, its spokesperson said, 'This decision follows months of careful planning, and we are deeply grateful for his (Khandelwal's) invaluable contributions to the company's journey. We are well-positioned for the next chapter of growth.
The bank has a transition plan in place, and Dilip will remain with the bank until the end of June to oversee the transition. Under Dilip's guidance, we've built a foundation of technology and a culture of growth and innovation.'
The India technology centre—the technology unit of Deutsche India—has emerged as a pivotal hub for technology-driven transformation across the bank's global operations. The centre focuses on leveraging cloud, AI, and GenAI to develop services across all key functions: risk, finance, operations, and technology. Khandelwal is also the founder of Plaksha University.
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