Biography of Omkar Shirhatti: Co-founder at Karza Technologies & Perfios -Entrepreneur
Journey of Omkar Shirhatti:
Early Beginnings and Academic Foundations
Omkar Shirhatti’s journey began with his academic pursuit in
commerce, where he earned his Bachelor’s degree from R A Podar College of
Commerce & Economics, Mumbai. He further honed his skills in accounting and
finance as a Chartered Accountant from the Institute of Chartered Accountants
of India. This solid educational foundation laid the groundwork for his future
ventures in finance and technology.
Initial Professional Steps: Patel & Deodhar Chartered
Accountants
Starting his career as an intern at Patel & Deodhar
Chartered Accountants, Omkar gained valuable experience in internal audits. His
role involved assessing the financial health of infrastructure development
companies and non-banking financial companies (NBFCs). He also contributed to
improving internal controls and investigating reported frauds, which sharpened
his analytical skills and understanding of financial integrity.
First Major Role: Ernst & Young LLP
In 2011, Omkar joined Ernst & Young LLP in Mumbai as an
Associate Consultant. Over the next few years, he progressed to a Senior
Consultant role within the Fraud Investigation and Dispute Services team. Here,
he tackled various corporate frauds, including bribery, corruption, and
embezzlement, across multiple sectors such as FMCG, mining, and automobiles.
His work in this role involved high-profile fraud investigations and made him a
prominent figure in forensic accounting.
Founding Karza Technologies
Building on his experience at EY, Omkar co-founded Karza
Technologies in April 2015. At Karza, he served as the CEO, driving the
company’s mission to tackle loan frauds and NPAs using advanced technology. The
company focused on leveraging big data analytics and machine learning to
evaluate the creditworthiness of borrowers and detect potential frauds. Karza's
innovative approach aimed to enhance the financial sector's ability to prevent
and address fraudulent activities.
Innovative Solutions at Karza
Under Omkar’s leadership, Karza Technologies developed a
robust system that combined financial data analysis with internet-sourced
information to assess borrower reliability. The company built an extensive
repository of over 100 fraud scenarios to identify subtle indicators of fraud
or potential delinquency. This proactive approach positioned Karza as a key
player in combating financial fraud and improving loan recovery processes.
Role Transition to Perfios Software Solutions
In March 2022, Karza Technologies was acquired by Perfios
Software Solutions for approximately Rs 600 crore. Following the acquisition,
Omkar Shirhatti took on the role of Chief Product Officer at Perfios in August
2022. This role allowed him to leverage his expertise in fraud prevention and
data analytics to enhance Perfios’s suite of financial products.
Perfios and Karza Integration
As Chief Product Officer, Omkar was instrumental in
integrating Karza’s advanced technologies into Perfios’s offerings. This
integration aimed to bolster Perfios’s capabilities in banking and business
intelligence, combining the strengths of both companies to deliver more
comprehensive solutions for financial institutions.
Expertise in Fraud Prevention
Throughout his career, Omkar has accumulated over four and a
half years of experience in investigating various types of financial frauds,
including money laundering and security market frauds. His expertise extends
across major markets in India, the UK, and the USA, making him a leading figure
in the field of financial forensics and fraud prevention.
Biography of Omkar Shirhatti:Co-founder/CEO at Karza Technologies & Perfios/Age/Net worth/Entrepreneur/Success story of Omkar Shirhatti/Perfios story
Leadership and Recognition
Omkar’s contributions to the financial technology and fraud
prevention sectors have earned him recognition as a prominent leader. His
innovative approach and leadership in founding and scaling Karza Technologies
have set a benchmark in the industry for combating financial fraud using
technology.
Personal Milestones
Amidst his professional achievements, Omkar made headlines
with his personal accomplishments, including high-value investments and
lifestyle upgrades. For instance, he recently purchased a luxury duplex in
Mumbai’s Khar area for Rs 47.70 crore, reflecting his success and status in the
financial and tech sectors.
Future Endeavors and Impact
As he continues his work at Perfios, Omkar remains focused
on driving innovation in financial technology. His vision is to enhance
financial institutions’ ability to detect and prevent fraud while improving
their operational efficiency through advanced technology.
Continuing Legacy
Omkar Shirhatti’s journey from an intern in accounting to a
leading figure in financial technology illustrates a remarkable evolution. His
dedication to solving complex financial challenges through technology
underscores his commitment to making a significant impact in the industry.
Conclusion: A Trailblazer in Fintech
Omkar Shirhatti’s career trajectory exemplifies a blend of
rigorous financial expertise and cutting-edge technological innovation. As he
navigates his role at Perfios, his leadership and pioneering work in fraud
prevention continue to shape the future of financial technology and business
intelligence.
Timeline for story
Bachelor’s Degree: Completed commerce degree at R A Podar
College, Mumbai.
Chartered Accountant: Achieved CA certification from the
Institute of Chartered Accountants of India.
Early Career (Patel & Deodhar): Interned and gained
experience in internal audits.
2011: Joined Ernst & Young LLP as an Associate
Consultant, advancing to Senior Consultant in fraud investigation.
April 2015: Co-founded Karza Technologies, focusing on fraud
detection and loan management.
March 2022: Karza was acquired by Perfios Software
Solutions.
August 2022: Became Chief Product Officer at Perfios.
Recent: Integrated Karza’s technology into Perfios’s
offerings and continues to lead innovation in financial technology.
