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Moglix names Animesh Srivastava as CTO to lead technology and AI charter
AI takes the wheel as Moglix gears up to reshape global B2B commerce
MUMBAI: Moglix, one of Asia’s biggest B2B commerce platforms, has appointed Animesh Srivastava as chief technology officer to steer its technology and AI ambitions. Srivastava will spearhead the global scaling of Cognilix, Moglix’s AI-driven operating system for industrial supply chains.
With over 20 years of experience in enterprise tech, mobile platforms, and electric mobility, Srivastava is no stranger to building tech at scale. He founded Ajani Infotech, developing over 1,000 mobile apps that have amassed more than 100 million downloads. He also co-founded Massive Mobility, an EV startup focused on charging infrastructure and fintech, and led GoMassive Earth Network as CEO. An alumnus of IIT Kanpur, he has worked extensively in both India and the United States.
Moglix founder and CEO Rahul Garg said, “Over the past decade, we have built one of Asia’s largest B2B platforms, connecting over 45,000 suppliers with enterprises worldwide. As supply chains grow more complex, technology and AI are central to our growth. Animesh brings founder-led thinking and deep engineering expertise to strengthen Moglix as a globally competitive tech platform.”
In his new role, Srivastava will oversee engineering, product development, data science, and AI architecture across Moglix’s business verticals. He will ensure Cognilix’s AI capabilities deliver measurable impact, helping enterprises manage procurement, inventory, and supplier collaboration with speed and precision across India, Europe, North America, GCC, and Southeast Asia.
“Industrial supply chains are the backbone of the global economy, yet their digital systems are fragmented,” said Srivastava. “At Moglix, we are creating AI-native systems that learn from real transactions, improve with scale, and transform how enterprises work with suppliers worldwide.”
Moglix has built a formidable digital footprint over the past decade, handling more than $40 billion in transactions, offering 1.2 million SKUs, connecting 45,000+ suppliers, and operating 58 warehouses across 80 countries. Cognilix, powered by ten years of industrial data, integrates AI into procurement, inventory management, and supplier collaboration. Early users have reported faster procurement cycles, inventory reductions of up to 30 per cent, and real-time visibility across their networks.
With Srivastava at the helm, Moglix is set to accelerate its journey from a B2B marketplace to a deep tech, AI-first industrial powerhouse.
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YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
