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Akasa Air co-founder Praveen Iyer steps down, Anand Srinivasan to lead
Airline shakes up top team as Iyer exits and leadership reshuffles take flight
MUMBAI: Akasa Air has announced that co-founder and chief commercial officer Praveen Iyer is set to resign, marking another shake-up at the fast-growing carrier. Iyer, part of the founding team that launched flights in August 2022, will work closely with the leadership team to ensure a smooth transition until 30 April 2026.
Following his departure, co-founder and chief information officer Anand Srinivasan will take over as chief commercial officer, while the airline’s IT function will now report to chief financial officer Ankur Goel.
Iyer’s exit adds to a string of senior-level departures at Akasa over the past nine months. In October 2025, co-founder and senior vice president for International Operations Neelu Khatri stepped down. Other key exits in the latter half of 2025 included Rishabh Dev, head of long-term operations, strategy, excellence and planning; Anmol Mane, vice president – aircraft acquisition and leasing; and Vineet Mishra, deputy general manager for catering.
Despite the revolving door at the top, Akasa Air continues to push ahead, navigating turbulence with new appointments and leadership reshuffles aimed at keeping the airline on a steady flight path.
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FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
