Biography of Saumya Shah: Founder and CEO of Tarrakki- Entrepreneur

Biography of Saumya Shah: Founder and CEO of Tarrakki- Entrepreneur

Biography of Saumya Shah:

Educational Journey

Saumya Shah embarked on his educational journey at the prestigious Fordham Gabelli School of Business, where he pursued a Master of Business Administration (MBA) with a focus on finance from 2014 to 2016. During his time there, he actively participated in student organizations, notably serving as the Treasurer and Vice President of Competitions for the Fordham Finance Society. This involvement not only sharpened his leadership skills but also deepened his understanding of finance through various competitions and initiatives.

Building Financial Expertise

Saumya’s MBA curriculum was comprehensive, featuring courses in financial modeling, corporate valuation, leveraged finance, and economic analysis. He engaged in practical training with "Training The Street," where he developed proficiency in advanced valuation models such as discounted cash flow (DCF) and market approaches. These experiences equipped him with the necessary analytical tools to excel in the finance sector, setting a strong foundation for his future career.

A Strong Start in Finance

In 2011, prior to his MBA, Saumya gained early experience in the finance sector while studying Financial Services Management at S.P. Jain Institute of Management & Research. Sponsored by Tata Capital Limited, he completed his program with a commendable CGPA of 6.1 out of 7. This early exposure to financial services paved the way for his subsequent roles in investment banking and financial advisory.

The Path to Deloitte

After completing his MBA, Saumya joined Deloitte Advisory in New York as an Associate in the Financial Institutions Group. From October 2016 to January 2018, he was involved in significant merger and acquisition transactions, utilizing advanced valuation techniques to assess debt, equity, and intangible assets. His work included preparing pitchbooks and advising private equity firms, underscoring his growing expertise in financial advisory.

Hands-On Experience in M&A

During his time at Deloitte, Saumya participated in several high-profile M&A deals, including Mastercard's acquisition of Vocalink and Nationwide's acquisition of Jefferson National. These experiences not only honed his valuation skills but also provided him with insights into the complexities of the financial markets. His ability to navigate intricate financial transactions positioned him as a valuable asset in the advisory field.

Teaching the Next Generation

In addition to his work at Deloitte, Saumya also took on a part-time role as a Teaching Associate at "Training The Street." Here, he assisted in training programs for investment banking analysts and associates, focusing on financial modeling and Excel best practices. This role allowed him to share his knowledge and passion for finance while enhancing the skills of aspiring financial professionals.

Biography of Saumya Shah: Founder and CEO of Tarrakki- Entrepreneur/what is net worth & Age/Startup/investment/Tarrakki story/Saumya Shah story

Founding Tarrakki

In April 2018, Saumya co-founded Tarrakki, a fintech platform aimed at democratizing access to investment products across India. Tarrakki serves as an embedded infrastructure platform, offering plug-and-play solutions that allow startups, banks, and consumer-facing companies to seamlessly launch various investment products. His vision was clear: to make wealth management accessible to everyone, regardless of their financial background.

Revolutionizing Wealth Management

Under Saumya's leadership, Tarrakki developed a suite of APIs and SDKs, empowering businesses to offer customized investment solutions. The platform supports various asset classes and caters to a diverse range of customers, including individuals, businesses, and non-resident Indians (NRIs). This innovative approach enables companies to reimagine their investment offerings and deliver value to their end customers.

A Bridge to Prosperity

Tarrakki, which means "prosperity" in Hindi, aims to bring financial prosperity to over 1.5 billion Indians. The platform aggregates investment products such as mutual funds and fixed deposits, simplifying the investment process for consumers. By acting as a digital bridge between financial product manufacturers and distributors, Tarrakki enhances accessibility and reduces costs for businesses looking to launch investment products.

Impacting the Fintech Landscape

Saumya's vision for Tarrakki has resonated within the fintech community, as the platform has garnered attention for its ability to streamline the go-to-market process for investment products. Companies utilizing Tarrakki’s infrastructure have reported significant cost savings and expedited timelines for launching new offerings. This impact underscores Saumya’s commitment to innovation and efficiency in the finance sector.

Funding and Growth

As of December 2023, Tarrakki had successfully raised $378,000 across four funding rounds, reflecting growing investor confidence in its potential. The platform's post-money valuation reached $2.62 million, highlighting its position in the competitive fintech landscape. Saumya’s ability to attract investment is a testament to the demand for customized wealth management solutions in India.

Embracing New Challenges

Saumya's journey has not only been about building a successful company but also about embracing new challenges and opportunities. His experience across both the United States and India, along with his work in various sectors, has equipped him with a unique perspective on the financial industry. His commitment to continual learning and adaptation is evident in his approach to business and leadership.

The Future of Tarrakki

As Tarrakki continues to grow, Saumya remains focused on enhancing the platform’s offerings and expanding its reach. He envisions a future where investment products are more accessible, personalized, and engaging for all consumers. By staying at the forefront of fintech innovation, Saumya is determined to make a lasting impact on the wealth management landscape in India.

A Passion for Teaching and Sports

Outside of his professional commitments, Saumya is passionate about education and sports. His experience as a teaching associate reflects his dedication to nurturing the next generation of finance professionals. Additionally, he enjoys playing football and golf, activities that provide him with a balanced lifestyle and opportunities to unwind from the pressures of entrepreneurship.

A timeline of Saumya Shah's educational and professional journey:

2011: Began studying Financial Services Management at S.P. Jain Institute, sponsored by Tata Capital.

2014-2016: Pursued an MBA in finance at Fordham Gabelli School of Business; served as Treasurer and VP of Competitions for the Fordham Finance Society.

2016-2018: Worked at Deloitte Advisory in New York as an Associate, focusing on M&A transactions.

2018: Co-founded Tarrakki, a fintech platform democratizing investment access in India.

2023: Raised $378,000 in funding for Tarrakki, achieving a post-money valuation of $2.62 million.

2024: Aims to expand Tarrakki’s offerings and enhance accessibility to investment products in India.

 Biography of Saumya Shah: Founder and CEO of Tarrakki- Entrepreneur/what is net worth & Age/Startup/investment/Tarrakki story/Saumya Shah story