Prakash Durai Email and Phone Number
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Prakash Durai personal email
An avid learner and lifelong student of technology with a passion for all things digital. With over 25 years of extensive experience in the technology sector, I have honed my skills across various facets including hands-on technology work, consulting, client interactions, project delivery, and people management.Driven by a deep-rooted conviction that digital technologies are spearheading a revolutionary change, I focus on understanding and leveraging these innovations to drive transformative solutions across fintech, banking, mortgage, manufacturing, supply chain, retail, eCommerce, and other disruptive domains. It is my endeavor to develop competencies in emerging digital technologies, scale operations, collaborate within the partner ecosystem, and deliver transformation-led services to my customers.Expertise:Digital Transformation: Specializing in deploying digital levers such as Process Mining, Process Optimization, Process Automation, AI/ML, Service Models, Analytics, and Operational Excellence.Client Solutions: Designing target state transformation roadmaps for customers, ensuring a positive impact on efficiency, effectiveness, and experience metrics.Industry Experience: Comprehensive back-office operations experience in retail financing including Origination, Servicing, Maintenance, and Payments in Mortgage, Debt Collection, and Customer Onboarding.Developed software solutions for industries viz. continuous/ discrete manufacturing, supply chain, fleet & logistics, financial distribution, Customer relationship management, Financial consolidation & closure, Optical retail chain, construction & realestate, Fin Services (Loans, Deposits, MF, HL, Chits, Insurance)Key Skills:Technical: HTML, JavaScript, JSON/XML, Python, Oracle, MS SQL, MySQL, MongoDB, PHP, .NET Framework, ASP.NET, PL/SQL, CSS, Laravel, NodeJs, ReactJs, Docker, Kubernetes, Redis, Apache Kafka, RabbitMQ, AWS, ELK, Jenkins, Selenium, Azure, Cloud Computing, SaaS, Micro-Services.Project & Product Management: Software Project Management, Requirements Analysis, Integration, Enterprise Software, IT Strategy, Software Development, SDLC, Product Management, Solution Architecture, Agile Methodologies, Process Management (ISO, CMMI)Leadership & Strategy: User Experience Management, Technical Leadership, Business Development, Analytical Skills, Business Strategy, Change Management, Vendor Management, Team Leadership, Data Science, DevSecOps.Analytical & Business: Data Structures, Data Analysis, Business Analysis, Balance Scorecard, Material Costing, Activity Based Costing
Novac Technology Solutions
View- Website:
- novactech.in
- Employees:
- 568
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Senior Vice PresidentNovac Technology Solutions Apr 2024 - PresentChennai, Tamil Nadu, India
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Vice PresidentNovac Technology Solutions Private Limited Apr 2019 - PresentChennai Area, IndiaAs product manager and a technology enthusiast, developed and implemented go-to-market strategies and product positioning for Financial services organizations. Passionate about driving digital adoption and innovation across the value chain in financial services management, and democratizing financial advice through technology solutions.Mapped customer journeys for various financial service products and processes to identify gaps, benchmark competition, take up the process improvements with stakeholders across the organization and ensure execution to achieve superior omni-channel customer experience. Developed DIY strategies to enhance online experience, measurement dashboard to monitor & enhance the digital channel optimization.Responsible for digital product development and management, process improvement and re-engineering; focusing on building more in-house/online STP journeys across financial products, optimize new business origination & service processes to increase digital footprint.
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Associate Vice PresidentShriram Value Services Private Limited ( A Shriram Group Company ) Apr 2015 - PresentLed the transformation of mortgage lending processes by identifying inefficiencies and implementing strategic improvements, enhancing productivity and customer satisfaction. Conceptualized, designed, and executed an innovative digital mortgage platform that streamlined the entire mortgage lifecycle, from customer onboarding to loan servicing, achieving significant efficiency gains.Engineered revolutionary changes in mortgage lending, reducing the Turnaround Time (TAT) for loan sanctioning from 50 days to an industry-leading 5 days, optimizing workflows and minimizing delays. Developed effective omni-channel experiences for employees, customers, agents, and partners, fostering collaboration and ensuring seamless communication and coordination throughout the mortgage lifecycle. Major solution differentiators were robust credit decision engine leveraging advanced algorithms and data analytics to expedite credit evaluations while upholding high standards of risk management. An effective BPM component to streamline and orchestrate processes for each product. Real-time communication tools and document sharing capabilities, enhancing collaboration among financial advisers, credit underwriters, operations, and service partners.
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General Manager - TechnologyShriram Value Services Private Limited ( A Shriram Group Company ) Nov 2011 - Mar 2015Implemented a strategic solution to manage an extensive network of enterprise optical retail chain stores across the country. The solution integrated advanced tracking systems for inventory and shipments, offering stakeholders real-time visibility and control over the supply chain and store stock levels. It also provided comprehensive control over unique order fulfillment processes, including ordering, lens fitting, testing, and dispatch to stores.Developed a groundbreaking waste management platform to organize the operations of unstructured waste paper collection. Created an omni-channel experience for waste collectors, customers, and paper manufacturers, enhancing collaboration and efficiency. Strategically designed the platform using modern web technologies to significantly streamline operations in waste collection, segregation, repacking, order fulfillment, waste auction, and vehicle tracking.Led the Strategic Business Unit, driving overall business strategy and performance. Oversaw project delivery, technical leadership & solution architecture.
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Senior ConsultantPro-Active Solutech (India) Pvt. Ltd. Sep 2002 - Nov 2011Chennai, Tamil Nadu, IndiaIt all started with an endeavor to create a customizable solution to address the operational challenges with the existing rigid ERPs in the industry. Designed and developed the Integrated Business Automation System (IBAS), an enterprise solution to streamline critical business processes order-to-cash, procure-to-pay, make-to-order, production planning, finance & control, costing, HR. The solution was aimed to deliver significant improvements in process efficiency, cost reduction, and productivity across client organizationsSuccessfully implemented enterprise wide solutions for companies with revenues ranging from $100mn to $100bn demonstrating solutions versatility. Demonstrated strong leadership and project management skills in guiding cross-functional teams through the development and implementation phases of the ERP.Leveraged expertise in multiple business domains to deliver a comprehensive and adaptable business solution, addressing unique industry challenges across discrete manufacturing, sales & distribution, IT-enabled services (ITES), finance & insurance services, and FMCG sectors.Created specialized SaaS solutions for compliance requirements such as XBRL, cost reporting, and financial reporting, enabling businesses to meet regulatory standards efficiently.Excelled in diverse roles including consultant, practice head, technical architect, and solution architect, providing strategic direction and technical leadership. -
Project LeaderTake Solutions Aug 2000 - Aug 2002Chennai, Tamil Nadu, IndiaInstrumental in architecting cutting-edge supply chain platform (OneSCM) to enhance collaboration, efficiency, and transparency across all stakeholders. The platform was strategically designed to leverage modern web technologies & significantly streamline operations in procurement, warehouse management, sales & distribution, packaging, and logistics. The platform included optimizing warehouse layout for efficient picking and packing, automated reordering, demand forecasting, route optimization, fleet management and real-time visibility into the entire supply chain.Played crucial roles from engineering lead, through product manager, and implementation consultant, ensuring comprehensive understanding and execution of the platform’s deployment. Successfully onboarded significant brands from Automobile, FMCG, Oil & Gas, Fleet & Logistics and Pharmaceuticals, showcasing the platform’s adaptability across different sectors.
Prakash Durai Skills
Prakash Durai Education Details
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Mvj College Of Engineering, BangaloreElectrical, Electronics And Communications Engineering -
Santhome Higher Secondary SchoolMathematics And Computer Science
Frequently Asked Questions about Prakash Durai
What company does Prakash Durai work for?
Prakash Durai works for Novac Technology Solutions
What is Prakash Durai's role at the current company?
Prakash Durai's current role is Emerging digital technologies, scaling up operations, collaboration with partner ecosystem, deliver transformation: FinTech, Insurtech, Industry 4.0, RetailTech, Edutech.
What is Prakash Durai's email address?
Prakash Durai's email address is pr****@****ech.com
What schools did Prakash Durai attend?
Prakash Durai attended Mvj College Of Engineering, Bangalore, Santhome Higher Secondary School.
What skills is Prakash Durai known for?
Prakash Durai has skills like Requirements Analysis, Solution Architecture, Pl/sql, Business Analysis, Business Intelligence, Software Project Management, Vendor Management, Pre Sales, Sdlc, Team Management, .net.
Who are Prakash Durai's colleagues?
Prakash Durai's colleagues are Indhu Mathi N, Varsha T K, Raji Ravi, Keerthi M, Ananth A, Mega Keerthi, Jayalakshmi R.
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