ClearTax appoints ex-MedLife Paranth Thiruvengadam as its CTO

ClearTax is one of India’s leading tax and fintech solutions provider. The company, today announced that it has on-boarded ex-MedLife veteran Paranth Thiruvengadam as its CTO. In his role, Paranth will spearhead strategic tech initiatives of ClearTax to further simplify taxation and finances for Indians. This is its second C-level hiring in 35 days. Earlier, ClearTax appointed Ravi Sandepudi as Entrepreneur-in-Residence.

At ClearTax Paranth will lead efforts to scale the current technical team. He will also focus on the innovation in fintech SaaS space via machine learning, AI and data science initiatives. He will also be leading the tech efforts for ClearTax’s foray into the financial services space.

About Paranth Thiruvengadam

Paranth has two decades of leadership experience in building great teams and innovative products at technology companies. His experience spans Fortune 500 companies such as Yahoo!, Walmart Labs, IBM Labs, and Verizon along with high-growth startups. Paranth has successfully applied technology to fulfil several need-gaps across healthcare, commerce, retail, and fintech segments.

Speaking on the new hiring, Archit Gupta, Founder and CEO, ClearTax said, “Paranth is a well-rounded technology leader. He has led his past organizations to scale. I loved my interactions with Paranth and impressed by his passion for technology. We are confident that he is the perfect fit for driving the mission of the company with his value-oriented tech strategy.”

About ClearTax

ClearTax is a fintech platform that provides simplified financial services. These include Tax Filing, TaxCloud, TDS Returns, entire suite of GST compliance services, investing, and CA as well as Legal services. The platform has served more than five million taxpayers along with six lakh businesses. In fact, in 2020, when multiple businesses scaled down their teams and operations, the company announced its plan to hire more than 150 employees.