Group Director – Technology & Innovation

Shashank Joshi is a serial entrepreneur based in Mumbai, with nearly 30 years of professional experience spanning diverse sectors such as Energy, Fintech, Mobile Wallets, IT & ITES, Outsourcing, Transition, and Management Consulting. A Mechanical Engineering graduate, he began his professional journey in 1992 by venturing into the computer software and hardware business. In 1994, he established India’s first computer retail outlet, marking a milestone in the country’s tech industry.

Since 2000, he has been actively involved in IT-enabled services, including medical transcription, international & domestic call centers, and outsourced accounting. He is a pioneer in successfully executing Merchant Cash Advance and Merchant Processing businesses through offshore routes. Driven by a vision to simplify payments and bring convenient mobile payment solutions to every mobile subscriber in India, he founded MoneyOnMobile in 2010, a pioneering payment startup based in Mumbai. As Founder and MD, he led MoneyOnMobile—an RBI-authorized entity—to remarkable success, expanding its reach to 153 million subscribers and 310,000 retail partners across India, achieving gross revenues of over ₹1.4 crore per month. As the Founder & CEO of his second fintech startup, mBnk, he introduced the concept of a Phygital Financial Marketplace in India, offering multiple financial services on a single app. Through a trade distribution network of nearly 250,000 retail merchants, mBnk revolutionized last-mile connectivity in the financial sector.

His contributions have been widely recognized, earning him multiple prestigious awards:

Asia Pacific Entrepreneur Award (APEA) 2015
Best Wallet at the Emerging Payments Awards (EPA) 2015, London
CEO of the Year 2016 at the 7th Annual India Leadership Conclave by Network 7 Media Group
MoneyOnMobile was honored as “India’s Most Valuable & Trusted Mobile Wallet 2016”

Shashank Joshi has also been featured in leading publications, including The New York Times, Times of India, and The Economic Times, for his innovative contributions to the Fintech and Payments industry. In collaboration with Mahamahadevi Group, Mr. Joshi will be bringing his expertise to streamline the existing segments and creating technological advancement and new innovative applications for Prarochan Real-Infra Private Limited.