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Board Information System (BiS)

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Governance is the key requirement for top managements of organizations. Governance means ensuring the interests of the stake-holders is appropriately taken care of. Axar sees Corporate Governance as primarily focused on the following three stakeholder groups –

  • Shareholders – those who brought the company into existence
  • Customers – those who are the reason for the company’s existence
  • Employees – those who ensure that the company stays in existence, grows and provides increasing happiness to all stakeholders

Secondly, Governance must ensure that the corporation takes care of two other stakeholder groups –

Regulators – who have to ensure that all companies and other business can co-exist in a mutually conducive environment

Society – others (including individuals) who have no control over the company’s fortunes, but who can become potential customers, and in whose existence is the success, happiness and peace of the company and its primary stakeholders

Axar is creating offerings that will help corporations meet Governance requirements to satisfy both - its primary and secondary stakeholders.. Axar has worked together with various statutory bodies – RBI, SEBI, various Tax Tribunals (ITAT, CEGAT now CESTAT, etc), High Courts, Company Law Board, and the Institute of Company Secretaries of India (ICSI). Axar continues to support the ICSI’s Knowledge Portal to serve members of the CS profession.

Challenges are emerging in both Governance & Compliance. Axar is helping companies meet these challenges in creating a Board Governance framework under the name ‘Board Information System’.

Devdutta B Modak (Sunil)

Chairman and Co-founder
Sunil plays the role of Chief Mentor and Product Visionary A PGDM from IIM-A and Chartered Accountant, Sunil is passionately involved with all things Law. He pioneered IT – enabled Law Information Access in India and now is an evangelist for Compliance and Governance Solutions for corporates.

Milind S Padalkar

Co-founder
Milind Padalkar has over three decades of experience in the Information Technology industry in ERP applications, Systems Integration, Business Intelligence, and Program Management. He has successfully led complex application portfolio transformation programs for global clients, and has deep familiarity with several technologies. He has served in top management capacities as profit center head and global practice leader for more than 15 years.
He is a fellow of Indian Institute of Management, Kozhikode, equivalent to a PhD degree and is an alumnus of Indian Institute of Management, Ahmedabad, and Indian Institute of Technology, Delhi. He is a recipient of several awards for professional and academic achievements