Praveen Boda

CEO

Bengaluru, Karnataka, India22 yrs 6 mos experience
Most Likely To SwitchHighly Stable

Key Highlights

  • Led $65M venture capital fundraising for MyGate.
  • Established financial governance framework across diverse business units.
  • Strengthened investor relations with marquee investors.
Stackforce AI infers this person is a strategic finance leader in the SaaS and Fintech industries.

Contact

Skills

Core Skills

Financial Planning & AnalysisInvestor RelationsCompliance And GovernanceFund RaisingBusiness Process ManagementFinancial PlanningAccountingFinancial AnalysisFinancial Management

Other Skills

Budgeting and ForecastingMergers & AcquisitionsDigital TransformationRisk ManagementFinancial GovernanceLegal ComplianceGovernanceComplianceFinancial ReportingFinancial ModelingIFRSAuditingInternal ControlsMISFinance

About

Senior Finance Leader with a strategic focus, offering 2 decades of expertise in finance controllership, fundraising, investor relations and strategic finance within IT, telecom, digital payments and SaaS domains. Proven expertise in comprehensive financial activities, including FP&A, treasury, accounting, legal, compliance and governance. Serving as a strategic partner to executive leadership, extending influence in commercial support. My skill set includes— • Strategic Business Partnership • Financial Planning & Analysis • Compliance and Governance • Budgeting and Forecasting • Mergers & Acquisitions • Digital Transformation • Investor Relations & • Risk Management 📍 Current Role In my current role as the CFO of MyGate, I spearhead key financial functions, including business strategy, FP&A, treasury, and accounting. Beyond traditional finance responsibilities, I take on additional leadership roles, overseeing operations, legal, and partnerships teams, managing a diverse team to drive profitability and operational excellence. Some notable achievements—
 • Led the successful $65M venture capital fundraising for MyGate
 • Established a robust financial governance framework for diverse business units, including SaaS, payments, and insurance
 • Strengthened investor relations, collaborating with marquee investors like Prime Ventures, Horizon Ventures, Tiger, Tencent, Acko Insurance & Urban Company
 • Streamlined compliance, financial planning, and reporting processes 📍Previous Roles ↳ As the CFO of Cygni Energy, I played a critical role in securing ₹46.5 Cr in debt funding and facilitated a $10M equity investment by leading the due diligence process. ↳ As the VP Finance at Innoviti Payment Solutions, I structured and secured ₹80 Cr venture debt and term loans, enabling business expansion and financial stability. I also led the establishment of an NBFC structure for SME lending. ↳ During my tenure as AVP Finance at Reliance Jio, I was instrumental in designing a 5-year business plan for Jio Mobility and LYF Devices, conceptualizing a Finance Operations Center, and setting up risk & governance frameworks. ↳ I have also held leadership finance roles at Qualcomm, Microsoft, Nvidia, and Mentor Graphics, specializing in financial planning, FP&A, M&A structuring, SOX compliance, and finance automation. Key Strengths Business Advisory - Fund Raising - Investor Relations - Acquisition - Financial Controls - Strategic Finance Reach Me Here • DM me to chat
 • Else I am available at praveenboda@rediffmail.com

Experience

Mygate

Chief Financial Officer

Oct 2019Present · 6 yrs 5 mos · Bangalore Urban, Karnataka, India

  • As the CFO at MyGate, I oversee the finance, accounting, payment operations, secretarial and legal functions, ensuring financial stability and strategic growth. I play a key role in fundraising, investor relations, financial governance, and business planning, aligning financial strategies with business objectives across diverse revenue streams.
  • I focus on enhancing financial controls, optimizing capital allocation, and driving profitability, while also leading compliance, risk management, and financial reporting to support long term business expansion.
  • Key Achievements :
  • ↳ Led a $65 million venture capital fundraising round, securing investments from marquee investors like Prime Ventures, Horizon Ventures, Tiger, Tencent, Acko Insurance, and Urban Company.
  • ↳ Established the finance function from the ground up, covering controllership, financial planning & reporting, compliance, and governance across multiple business verticals—SaaS, Ad Platform, Payments, Home Services, and Smart Devices.
  • ↳ Strengthened investor relations by ensuring high transparency, structured reporting, and aligning financial strategy with business growth objectives.
  • ↳ Implemented strategic cost controls, optimizing financial operations across different revenue streams to improve profitability and efficiency.
Financial Planning & AnalysisInvestor RelationsCompliance and GovernanceBudgeting and ForecastingMergers & AcquisitionsDigital Transformation+1

Innoviti payment solutions pvt ltd

Vice President - Finance & Legal

Nov 2017Jan 2019 · 1 yr 2 mos · Bengaluru Area, India

  • Heading the Finance, Legal & Administrative functions at Innoviti Payment Solutions which is a pioneer in delivering differentiated solutions for payments automation, consumer credit distribution and SME lending that have become a benchmark in respective markets.
  • Key Achievements :
  • ↳ Raised Rs 80 Crs of Venture Debt, Term Loan & Lease Funding for expansion of Business.
  • ↳ Lead Investor Relations consisting of marquee investors viz., Titan Industries, Catamaran Ventures, Bessemer Venture Partners and SBI-FMO.
  • ↳ Initiate, design and finalize the roll-out of Planning, Pricing, Forecasting & Incentive models of various segments of Business (Corporate, Retail & SME Lending).
  • ↳ Spearheaded setting up Billing, Settlements & Merchant Reporting of retail payment product viz., iPOS (Same day Settlement feature).
  • ↳ Finalize structuring and incorporation of NBFC for Innoviti’s SME Lending Business.
Investor RelationsFund RaisingFinancial PlanningLegal Compliance

Reliance jio infocomm ltd

Assistant Vice President Finance

Oct 2013Nov 2017 · 4 yrs 1 mo · Mumbai Metropolitan Region

  • Associated with Reliance Jio Infocomm Limited (Subsidiary of Reliance Industries Limited, India’s largest private sector company) which launched mobile broadband & digital services in India with a cumulative investment of ~ $ 25 + Billion
  • Hired under Jio Leadership Program (JLP) and has worked with Jio Devices Business, Corporate FP&A and Internal Controls Team
  • Worked with ‘FC&A - Governance & Integration (G&I)’ managing Business Process Management (BPM), Governance, Risks & Internal Control framework for FC&A Operations predominantly focusing on risk assurance & implementation of mitigating controls across Procure to Pay (P2P), Record to Report (R2R), Fixed Assets (FA), Order to Cash (O2C) & Treasury
  • Lead Finance PMO and assisting Finance Leadership in deployment of ‘to-be’ processes at Geography (Pan India) for launch and Steady State Organization
Business Process ManagementGovernanceRisk Management

Qualcomm

Senior Manager Finance

Feb 2010Sep 2013 · 3 yrs 7 mos · Greater Hyderabad Area

  • Managing Finance & Accounting team handling business finance, accounting, and compliance and reporting activities of Qualcomm India Pvt Ltd., Hyderabad 100% WOS of Qualcomm Corporation, USA. (Head Count: ~ 1,200)
  • Working closely with the Program Management Teams in understanding their Budgetary requirements, Head Count requirements (Both FTE & Vendor) and other discretionary expenses and manage the budgets
  • Partner with enabler functions viz., Corporate Shared Services, Procurement, HR, Staffing, RE&F on budgets, compliance
  • Responsible to maintain and monitor books of accounts for various requirements viz., US GAAP, Statutory books per Indian GAAP & Tax Books for Income Tax Requirements
  • Working closely with Financial Analysts community at US and Corporate Shared Services to drive accuracy & completeness on accounting and month close process and submission of month end reconciliations, P&L Reports, Budget/Forecast Outlooks etc
  • Responsible for all tax, statutory and regulatory compliances of the legal entity– Direct & Indirect Taxation, Transfer Pricing, Companies Act etc
  • Responsible for partnering with the Senior Management for seamless execution of business priorities & seeding of new projects/teams in India
Financial PlanningComplianceAccounting

Microsoft

Accounting Manager

Jun 2008Feb 2010 · 1 yr 8 mos · Hyderabad Area, India

  • Managing Finance & Accounting team handling accounting, compliance and reporting activities of Microsoft India (R&D) Pvt Ltd., Hyderabad 100% WOS of Microsoft Corporation, USA (Head Count: ~ 3,500)
  • Responsible for oversight, direction and supervision the services viz., accounts payable, general ledger, statutory compliances, payroll, and other financial support activities through Microsoft’s Shared Services/Out sourced Partners in line with Service Level Agreements and company key objectives
  • o Responsible for review of team operations, specialized transactions, and service quality
  • o Direct and oversee of the preparation of timely, accurate monthly financial statements
  • o Direct preparation and review of work-papers for internal / external auditors
  • o Define, implement and monitor standards and policies to ensure adherence to GAAP, MAP, agreed global procedures, regional business requirements, statutory governmental regulations, and SOX requirements to minimize liability and risk
  • o Oversee process of preparing and reviewing monthly balance sheet reconciliations
  • o Direct process to ensure proper controls are in place for the team and direct efforts to ensure team productivity is measured, scored and communicated according to standards
  • o To ensure process applied by India based regional accounting teams are consistent and conform to the one-India/global model
  • Responsible to maintain books for various requirements;
  • o US GAAP/MAP accounts for parent company
  • o Statutory books for Indian Company law/ Indian GAAP
  • o Statutory Compliances (Both Direct & Indirect Taxation)
  • Working closely with Business Finance Teams to assist management in understanding costs, revenues, head count and other statistical data with a view to take informed decisions
  • Working closely/partnering with Procurement, RE&F Team to improve the efficiencies and implement budgetary controls
AccountingComplianceFinancial Reporting

Nvidia graphics

Manager Finance

Dec 2006Jun 2008 · 1 yr 6 mos · Hyderabad Area, India

  • Portalplayer has been acquired by NIVIDA Corp, USA which is the worldwide leader in programmable graphics processor technologies. NVIDIA creates innovative, industry-changing products for computing, consumer electronics, and mobile devices. NVIDIA® product families are transforming visually-rich applications such as video games, film production, broadcasting, industrial design, space exploration, and medical imaging. NVIDIA is headquartered in Santa Clara, Calif., and offices in US, Europe & Asia. (NASDAQ:NVDA)
  • Handled merger of Portalplayer India Pvt Ltd with NVIDIA Graphics Pvt Ltd by combination of slump sale and amalgamation.
Financial AnalysisComplianceAccounting

Portalplayer

Manager Finance

Dec 2005Dec 2006 · 1 yr · Greater Hyderabad Area

  • Heading Finance & Accounting team handling accounting, compliance and reporting activities of Portalplayer India Pvt Ltd., Hyderabad 100% WOS of Portalplayer Inc, USA
  • My responsibilities include:
  • Responsible for managing the services viz., accounts payable, general ledger, purchasing, billing, payroll, and other financial support activities in accordance with US GAAP & global processes
  • Participate in the company's business and financial planning processes for various functions including Engineering, QA, R & D, Support etc
  • Lead and maintain SOX compliance in all finance related activities
  • Partner with internal Customers to prepare the monthly, quarterly and annual forecasts by collecting, analyzing and reporting results
  • Participate in discussions and develop models to support company initiatives and/or financial decisions
  • Handled an investment of USD 7.5 M USD for setting up new R&D Centre by Parent Company
  • Ensure timely compliance of Corporate Monthly/Quarterly/Annual reporting deadlines for SEC Reporting
Financial ManagementComplianceAccounting

Mentor graphics

Sr Exec

Jan 2004Dec 2005 · 1 yr 11 mos

  • Maintain the books of accounts as per Indian GAAP & US GAAP including finalization
  • Ensure timely compliance of corporate reporting policies (SEC, SOX) and processes
  • Implementation and compliance of Revenue recognition for Software industry (as prescribed by SOP 97)
  • Handled the set up, structuring, business model development, statutory compliance, ERP Set up, Transfer Pricing of new sales entity of MENT Group viz., Mentor Graphics (Sales & Services) Pvt Ltd reporting into Asia Pac
  • Handled the merger of Mentor Graphics (Noida) Pvt Ltd with Mentor Graphics (India) Pvt Ltd
  • Handle all types of audits like - Statutory audits as per Companies act, Tax-Audits, TP certifications, STPI/ FEMA/ RBI compliance audit returns, Sales-Tax Audits etc.
  • Work with various divisions to prepare the monthly, quarterly and annual forecasts by collecting, analyzing & reporting results and formulate templates for forecasts, BVA’s etc
  • Participate in the monthly/ quarterly/ annual accounting close process
  • Routine functions of AP, AR, revenue recognition and capex management
  • Active interface with corporate BASG (ERP) & corporate internal audit team on implementation and monitoring of related activities
AccountingCompliance

Saint gobain vetrotex india

Executive Finance

Dec 2002Jan 2004 · 1 yr 1 mo · Hyderabad, Telangana, India

AccountingCompliance

Education

The Institute of Chartered Accountants of India

ICAI

Jan 1998Jan 2001

Indian Institute of Management, Lucknow

General Management Program (GMPE)

Jan 2012Jan 2013

The Institute of Chartered Accountants of India

Certificate Course of Forensic Accounting & Fraud Detection — Forensics

Jan 2012Jan 2012

Institute of Cost Accountants of India

ICWAI — COSTING & ACCOUNTING

Jan 1998Jan 2001

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