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Time of India

Dilipkumar Khandelwal resigns as Deutsche India CEO, to focus on startups

Deutsche India CEO Dilipkumar Khandelwal, who is also the head of global technology centres and MD & Global CIO of Corporate Functions at the German financial services multinational has decided to step down after a span of over five years to pursue his interest in startups . 'This decision follows months of careful planning, and we are deeply grateful for his invaluable contributions to the company's journey. We are well-positioned for the next chapter of growth,' Deutsche India said in response to an ET query, confirming his decision. 'The bank has a transition plan in place and Dilip will remain with the bank until the end of June and oversee the transition. Under Dilip's guidance, we've built a foundation of technology and a culture of growth and innovation,' the company added. Khandelwal, who is based in Bengaluru, told ET: "It is time to explore what are the next steps, and I haven't made any decision yet. It is an exciting time in the startup ecosystem, and I like to focus my energies on nurturing and, more importantly, helping startups scale. I would continue to invest in early-stage startups and work with them to help scale it.' He did not disclose specifics of his plans. Prior to Deutsche Bank, he was the president of the SAP HANA Enterprise Cloud business and managing director for SAP India. He has also been an advisory board member at the Indian Institute of Information Technology, Hyderabad. Khandelwal is also the founder of the Punjab-based Plaksha University, which is focused on technology education. He has been a limited partner in Stellaris and Fireside Ventures and has invested in more than 70 early-stage technology companies, including Whatfix, Moglix, Cryogenics, Zouk, Rozana, and Newme. A graduate of Engineering from Mumbai University, he holds a Management degree from the Indian School of Business. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories