Uber to hire 250 engineers in India; Former PNB Housing Finance IT head is new IMGC CIO

Ride hailing major Uber will recruit close to 250 engineers for its Bengaluru and Hyderabad based teams as part of its efforts to expand the scope for its engineering and product work here.  

“Our teams in Hyderabad and Bangalore work on important global mandates, and pioneer various industry-first innovations. In order to serve more people across the globe, we’re expanding our teams and are looking for bright engineering minds so we can collectively solve mobility and delivery challenges across all our global markets,” Manikandan Thangarathnam, senior director, engineering, for Uber said in a statement on Wednesday. 

The company said it had started reaching out to prospective candidates for the purpose of building new teams and adding to existing ones including for the infrastructure, Eats, marketplace, risk and payments, Uber for Business (U4B), marketing and advertising platforms. 

Last August, the San Francisco based company had said it would hire 140 engineers for its teams in Bengaluru and Hyderabad. 

It wasn’t immediately clear how many engineers Uber employs in India at present. 

IMGC appoints a new CIO

India Mortgage Guarantee Corporation (IMGC), a joint venture between National Housing Bank, Genworth Inc, International Finance Corporation and Asian Development Bank, has appointed Sumit Chadha as chief information officer.   

In his new role Chadha, earlier head of IT at PNB Housing Finance, will be responsible for technology strategy and digital capabilities, IMGC said in a press release.

Speaking on the development, Mahesh Misra, CEO, IMGC said, "Sumit will play a pivotal role in spearheading all our technology initiatives as we continue to enhance the client experience and delivery efficiency,” Mahesh Misra, CEO of IMGC, said. 

Prior to PNB Housing Finance, Chadha He worked with companies such as Nucleus Software Exports and ICICI Bank. 

IMGC is a mortgage guarantee company, registered under the Mortgage Guarantee Company (Reserve Bank) Guidelines. It started operations in 2014 and provides mortgage default guarantee to lenders in India. The company said it has so far onboarded 18-plus lender partners comprising banks and housing finance companies. Partners include State Bank of India, LIC Housing Finance, Axis Bank, HDFC and ICICI Bank and it claims to have guaranteed over 65,000 homebuyers predominantly in the affordable housing segment. 

Morphisec onboards Asia Pacific lead

US based cloud delivered endpoint and server security solutions provider Morphisec has appointed Ajit Pillai as regional director for the Asia Pacific region.  

Prior to Morphisec, Pillai was vice president sales, India/SAARC, for Seclore Technologies. Earlier he held senior sales roles in the SAARC region with McAfee, Trend Micro and Checkpoint. 

Morphisec is deployed at over seven million endpoints worldwide and offers enterprises cyber prevention solutions that stops the most dangerous attacks in an automated manner. The company said it had significantly strengthened its presence across India and Southeast Asia in recent years with triple-digit, year-over-year growth. Its customers here include Neogrowth, RBL Bank, Writer Corporation and Cipla.

Persistent Systems 

Persistent Systems has appointed Suresh Prabhu as chief delivery officer for its industry verticals, the company said in a statement. In this role, he will be responsible for the delivery organization across software and hi-tech, banking financial services and insurance, healthcare and life sciences, and emerging verticals.  

Prior to Persistent, Prabhu was at Epicor Software where he was responsible for the development and delivery of on-premise and SaaS solutions across multiple industries including manufacturing, distribution and retail. In previous roles, Suresh worked in retail banking, online banking, bill payments and trade finance domains and across various high growth product and services firms.  

He will be a member of Persistent’s executive team and will be based in Bengaluru.