#Securekloud Technologies

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In the 21st century, AI is revolutionizing industries and driving economic growth globally. India, with its vibrant tech ecosystem and youthful workforce, holds promise as an AI powerhouse. Yet, a critical obstacle remains the widening disparity between the demand for AI talent and the available workforce. The founder of SecureKloud Technologies, Suresh Venkatachari, weighs in on various aspects related to developing AI talent in India. He emphasizes the need for strategic investments in AI education from schools to universities, collaboration between industry and academia, and reskilling initiatives. Bridging the AI talent gap is crucial for India to maximize the economic and social benefits of AI while positioning itself as a global AI powerhouse.

[namantaneja021]

The 21st century has seen artificial intelligence (AI) transform industries, drive economic growth, and transform society. India has the potential to become a global AI powerhouse thanks to its burgeoning technology ecosystem and talented, young workforce. As CEO Suresh Venkatachari Securekloud explains, Bengaluru stands out as one of the best examples among these tech-savvy cities, with a workforce of between 64,000 and 69,000 professionals, ranking it as the second-largest AI talent hub globally. The International Data Corporation estimates that India's AI market will grow by about 20.2 percent over the next few years. According to projections, it will grow from $3.1 billion in 2020 to $7.8 billion by 2025. It is not just a necessity, but also an opportunity for India to become a global AI powerhouse by bridging the AI talent gap. 

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ED conducts searches in 16 locations across 3 metros on money laundering charges

The agency has initiated a money laundering investigation on the basis of an FIR filed on February 02, 2019, which was filed by Suresh Venkatachari.

The Directorate of Enforcement (ED) has searched 16 premises across Chennai, Mumbai and Delhi covering office and residential premises of a few firms and their promoters under the Prevention of Money Laundering Act, 2002.

They are Securekloud Technologies Limited, Pro Fin Capital Services Limited, Quantum Global Securities Limited (QGSL), Unity Global Financial Services Pvt Limited, and Desert River Capital Pvt Ltd. In this matter, the searches conducted led to the seizure of Rs 1. 04 crore in cash, gold and diamond jewellery, the identification of immovable properties of more than Rs 30 crore and other movable assets in various DEMAT accounts as well as the seizure of incriminating documents and digital evidence.

The agency has initiated a money laundering investigation on the basis of an FIR filed on February 02, 2019, which was filed by Suresh Venkatachari, the promoter and CEO of Securekloud Technologies Limited.

PMLA investigation revealed that the directors and beneficial owners of these share brokerage and financial services companies have transferred the shares worth Rs.160 crore off-market and subsequently sold the same to generate huge proceeds of crime, the agency said in a statement on Friday.

“The investigation also revealed that the complaint lodged by the Promoter of STL was misleading as he and his CFO are involved in the larger conspiracy of the cheating public by way of inflating the books of the company, diverting funds of the company to the unrelated business activities of the companies having stakes of CFO and CEO of STL (Securekloud),” it added. Further investigation is under progress, the agency said.

[vaishnavrajput45]

Founder & Promoter of Healthcare Triangle Suresh Venkatachari envisions a data-driven future for personalized healthcare in 2024. His vision embraces the transformative potential of data analytics in revolutionizing healthcare delivery. With an emphasis on personalized medicine, Suresh Venkatachari foresees tailored treatments and interventions based on individual health data. This approach promises to optimize patient outcomes by customizing care plans to suit unique needs and conditions. By harnessing the power of data, healthcare providers can offer more precise diagnoses and targeted therapies, ushering in a new era of preventive and precision medicine. Venkatachari's forward-thinking perspective underscores the vital role of technology in shaping the future of healthcare, promising a more effective and patient-centric approach to wellness.

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Suresh Venkatachari, the visionary behind the Healthcare Triangle, emphasizes the transformative impact of recent events on the adoption of telemedicine, particularly in consultations and outpatient services. In his optimistic outlook, Venkatachari addresses the digital divide, highlighting the disparity in access to information and communication technologies between urban and rural areas. Suresh Venkatachari underscores the challenge faced by rural regions with inadequate infrastructure and limited connectivity. However, he envisions a future where advanced healthcare technologies become universally accessible, irrespective of geographical or socio-economic background. Venkatachari advocates for achieving this vision through strategic investments, targeted interventions, and an unwavering commitment to usher in an era of healthcare equity and excellence in India.

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Suresh Venkatachari's Vision For Bridging India's Digital Divide

According to Suresh Venkatachari of Healthcare Triangle, the digital divide has multifaceted implications for the adoption of healthcare technology in India, and bridging this divide is imperative for a healthier and brighter future. His vision of an accessible future for advanced healthcare technologies is bright, regardless of geographical location or socioeconomic status. Using emerging technologies like AI, data analytics, and cloud computing, he discusses how India's healthcare delivery system may be transformed. Suresh Venkatachari also admits to a 'digital divide' in India, mentioning inadequate connectivity and digital infrastructure in rural areas. He emphasizes the importance of improving access to technology and building digital literacy to ensure equal healthcare for all.

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5 held by ED for stock market fraud

The Enforcement Directorate on Wednesday said that they have arrested five persons in connection with a PMLA case related to stock market fraud, in which the accused generated Rs 200 crore as proceeds of crime.

A senior ED official said that the accused were identified as Suresh Venkatachari, Promoter and President of Securekloud Technologies Ltd (STL), R.S. Ramani, Promoter and former CFO of Securekloud, Anupam Gupta, Promoter and Managing Director of Pro Fin Capital Services Ltd, Hemal Mehta, a sharebroker, and Rohit Arora, a loan broker.

They were arrested under Section 19 of Prevention of Money Laundering Act on March 24.

A case was booked under the PMLA on the basis of the FIR registered by CCB, Chennai as per which some sharebrokers and financial service provider companies cheated Venkatachari by selling shares pledged by him to order to obtain loans.

The complainant stated that the sharebrokers who have provided loan forged the signatures on delivery instruction slips and sold the shares in off-market.

“PMLA investigation revealed that the directors and beneficial owners of these share brokerage and financial services companies have transferred the shares worth Rs 160 crore in off-market and subsequently sold the same. The investigation also revealed that the complaint lodged by the promoter of STL was misleading as Venkatachari and Ramani are involved in larger conspiracy of cheating general public by way of inflating books of the company, diverting funds of the company to the unrelated business activities of companies having stakes of the CFO and the CEO of STL. To reap the fruits of crime, Ramani sold the shares worth Rs 110 crore in open market and Venkatachari obtained loan of Rs 40 crore from share brokers,” the official said.

The ED said that Gupta and Mehta were part of criminal conspiracy and indulged in insider trading activity and tried to manipulate the share price of 8k Miles (now Securekloud Technologies Ltd). Gupta sold shares of Venkatachari and provided Rs 14 crore to him, entered into illegal trading activity of 8k Miles shares and ultimately passed of the shares to general public. Mehta was given money in the form of shares for doing the said work for Venkatachari.

“Arora facilitated all these transactions knowing fully well that it is an illegal activity. All the arrested accused generated proceeds of crime of more than Rs 200 crore,” the official said.

The accused were produced before the Special Court for PMLA, Chennai and have been sent to judicial custody till April 6.

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The Ultimate T2T Hybrid Hackathon Dubai Event by PLI & XDC -Success Reviews

The Ultimate T2T Hybrid Hackathon March 2022 Dubai Event, Powered By PLI & XDC which had been organized at Hotel Hyatt Regency, Healthcare City, Dubai on 27th of March has been a huge success with a total of 50 Blockchain Developers participating online as well as onsite. The participants were given the opportunity to register as team or as an individual.

The aim for organizing such Hybrid Hackathon by PLUGIN, a part of XDC network, was to create unique opportunities for Blockchain Developers, across the globe, who intend to convert their Dreams into Reality. The participants came up with different innovative use cases which would play a major role in reducing the global warming and enhance the lives of commoners across the globe. The Hackathon was live streamed on Zoom meeting for continuous 14 hours.

Participants got an opportunity to listen and had live interaction with a number of well known Blockchain Penalists such as Vijaya Marisetty — Professor of Fintech and Financial Analytics, University of Twente and University of Hyderabad; Murthy Chitlur — Technologist, Author, DeFi, Fintech, New Street Technologies Pvt Ltd; Mr. Manohara K — Founder & CEO at Unmarshal; Vinay Krishna — Founder & CEO at LedgerFi IT Solutions; Dr. Baljeet Malhotra — Founder & CEO at TeejLab Inc along with Dr. Holger Bartel — CEO at DigiOptions DeFi. The panelists were hosted by Mr. Srinivas Mahankali — Chief Business Officer-Blockchain (APAC) at SecureKloud Technologies who made the session more lively with his crisp Blockchain bytes.

The hackathon was attended by XDC Ecosystem partners such as LedgerFi, Unmarshal, XDSea NFT, StorX Network and FlovTec. The participants and Ecosystem Partners were welcomed by Mr. Vinod Khurana — CEO, Suvik Group of Companies and Co-Founder, PLUGIN, a Secure, Scalable Decentralized Oracle Platform; who gave a welcome speech and shared insight on the importance of Blockchain in their daily life which includes improving healthcare, better banking transactions, smarter supply chains etc.

There were more than 30 use cases of different domains up for the participants to work upon. These included sectors such as Finance, DeFi, Insurance, HealthCare, NFT, Environment, Supply chain to name a few. Hackathon participants had a whole day full of fun, coding, and hacking, competing for a total prize of USD 10,000 worth of XDC tokens. As they say, Participation is the Key, in addition each of the participating developer being awarded PLI tokens worth USD 100 along with the Certificate of Participation and other goodies.

About Plugin : Plugin: Decentralized Oracle Network https://www.goplugin.co/ Plugin (PLI), a Secure, Scalable Decentralized Oracle Platform, provides cost-effective solutions to any smart contract, which runs on XDC Network. Pugin enables smart contract to connect with the real-time world and the data that it receives from the data feed partners, is trustable by maintaining a high degree of security. Off-chain computation takes care of receiving a feed from multiple providers and aggregates the same.

Contact: Vinod Khurana @ Suvik Technologies FZE Sharjah Research, Technology and Innovation Park. Al Sharjah, United Arab Emirates https://goplugin.co/

Media Contact: Organization: Synergy Global Enterprise LLC Name: Gopi Divecha Address: 111 North Bridge Road #21–01, Singapore 179098 Website: https://pixelproduction.com/ Email: gopi@pixelprodction.com WhatsApp: https://wa.me/+6586940671

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Blockchain firm Blockedge to offer blockchain-as-a-service platform for automotive, supply chain markets

BaaS is essentially a third-party cloud-based infrastructure for businesses developing and operating blockchain apps. IT and cloud solutions provider SecureKloud Technology, which recently announced the approval to list its health-tech subsidiary Healthcare Triangle on Nasdaq, has launched a plug-and-play blockchain-as-a-service (BaaS) platform under its blockchain solutions arm Blockedge…

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SecureKloud Technologies Limited announces the approval to list its step-down subsidiary – Healthcare Triangle Inc. in NASDAQ

https://www.prittleprattlenews.com/technology/securekloud-technologies/

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Cloud technology is here to stay. Is your business cloud-ready? With our vast experience of 400+ business transformations, Securekloud can give your business the cloud-advantage of reliability, scalability and 24x7 security & compliance.

Cloud Managed Services : https://bit.ly/3BbilQQ

[jaiprakashrana337]

Suresh Venkatachari Eyes on APAC Digital Health Market

“Healthcare Triangle expresses confidence in its platform solutions, emphasizing its ability to elevate healthcare and life sciences businesses by enabling them to transform and manage their cloud infrastructure across any Cloud Service Provider (CSP). The company aims to empower businesses with enhanced security and compliance,” said Suresh Venkatachari. Healthcare Triangle is investing US$25 million in a new joint venture based in Singapore to enter the Asia Pacific digital healthcare market. With a market value of US$40.3 billion in 2021, the digital health market in the region is expected to reach US$326.7 billion by 2030. The company is fostering partnerships, including with Shankar Group, to enhance the digital healthcare ecosystem in the region. Healthcare Triangle aims to provide comprehensive digital health solutions, emphasizing security and compliance for businesses in their digital transformation journey.

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How Suresh Venkatachari Navigates India's Talent Gap to unlock AI potential

In the ever-evolving landscape of technology, Artificial Intelligence (AI) stands as a transformative force, promising to reshape industries and societies alike. However, realizing the full potential of AI requires more than just cutting-edge algorithms and advanced hardware—it demands a skilled workforce equipped to harness its power. Addressing this imperative challenge is Suresh Venkatachari, a visionary leader committed to unlocking India's AI potential and navigating the talent gap.

India, with its vast pool of talent and burgeoning tech ecosystem, is poised to emerge as a global AI hub. Yet, the shortage of skilled professionals poses a significant obstacle. Recognizing this, Suresh Venkatachari advocates for a multi-faceted approach to bridge the talent gap and foster AI innovation.

Investing in Education and Training:

Central to Suresh Venkatachari's strategy is a strong emphasis on education and training initiatives. By collaborating with academic institutions, industry partners, and government agencies, he aims to develop comprehensive AI curricula and certification programs. These efforts not only equip students with the requisite skills but also provide upskilling opportunities for existing professionals.

Fostering Research and Development:

Innovation thrives in an environment conducive to research and development. Suresh Venkatachari advocates for increased investment in AI R&D, nurturing a vibrant ecosystem of startups, research labs, and technology incubators. By fostering collaboration between academia and industry, he seeks to accelerate the pace of AI innovation and drive economic growth.

Promoting Diversity and Inclusion:

Diversity is a cornerstone of innovation, bringing together varied perspectives and experiences. Suresh Venkatachari champions initiatives to promote diversity and inclusion within the AI workforce, ensuring equal opportunities for individuals from all backgrounds. By fostering a culture of inclusivity, he believes India can unleash the full creative potential of its talent pool.

Embracing Ethical AI:

As AI technologies become increasingly pervasive, ethical considerations take center stage. Suresh Venkatachari advocates for the responsible development and deployment of AI, prioritizing transparency, fairness, and accountability. By adhering to ethical principles, he aims to build trust and confidence in AI systems, fostering widespread adoption and societal benefit.

Conclusion

Suresh Venkatachari's vision for unlocking India's AI potential hinges on addressing the talent gap through education, research, diversity, and ethics. By embracing these principles, India can position itself as a global leader in AI innovation, driving economic prosperity and societal advancement for generations to come.

Also Read, Suresh Venkatachari Visions the Data-Driven Future of Personalized Healthcare in 2024

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MC Exclusive | Promoters of SecureKloud Tech arrested in money laundering case

In January 2021, 8K Miles rebranded itself as SecureKloud Technologies Ltd. 8K Miles was always in the limelight for the wrong reasons.

Suresh Venkatachari, the promoter of SecureKloud Technologies

Note to readers: An earlier version of the article qualified SecureKloud as a “Sandeep Tandon-backed company”. This is to clarify that Sandeep Tandon is not a promoter, board member or a shareholder. The inadvertent remark is regretted.

The Directorate of Enforcement on March 24 arrested the promoters of a listed entity, SecureKloud Technologies - Suresh Venkatachari and RS Ramani - under the provisions of the Prevention of Money Laundering Act.

The company said in an exchange filing that Venkatachari shall cease to be the president of the company with "immediate effect".

On March 24, the stock ended at Rs 38.6 on the NSE, lower by 3.6 percent from the previous close. The stock is down over 80 percent from its all-time high level touched in October 2021. Its market capitalisation now stands at Rs 133 crore.

What does Securekloud do?

As per the company's website, SecureKloud enables digital transformation for enterprises with cloud-based solutions. "We have helped organizations including Fortune 500 giants embrace the cloud with security and agility while following industry best practices," reads the company's LinkedIn profile. It is based in the San Francisco Bay area.

The company clocked annual sales of Rs 849 crore in March 2018, which fell to Rs 382 crore in March 2020 and stood at Rs 379 for FY22. During the same time period, the bottom line has swung between Rs 205 crore of net profit and Rs 98 crore of net loss. Operating margins have also been inconsistent, as per data from Screener.

Shareholding

As of December 2022, the promoter and promoter group held a 43.52 percent stake in the company. Venkatachari held 42.13  percent and Ramani held 1.39 percent. Public shareholding stood at 56.48 percent.

Dubious past

In January 2021, 8K Miles rebranded itself as SecureKloud Technologies Ltd.

8K Miles was always in the limelight for the wrong reasons. From August 1, 2011 to September 30, 2012 and January 4, 2012 to September 28, 2012 respectively, there was "unusual price movement in the scrip". SEBI prima facie found that various connected entities had indulged in fraudulent and manipulative trading in the stock.

In 2018, when the stock was spiralling down, Venkatachari said that 8K Miles will initiate legal action against Quantum Global Securities Ltd and Kumar Share Brokers Ltd for the illegal transfer of promoter shares worth 8.42 percent equity of the company.

Following that, in an audit conducted in 2019, Deloitte flagged false disclosures by the management and misrepresentation in financial statements.

"We came across certain transactions that gave us reason to believe that suspected offences involving fraud have been committed in the company," it said.

The audit report said that two independent directors on the company's board were never really "independent" as their relatives were employed in 8K Miles.

Deloitte also found several instances of transactions with vendors, wherein there were "inconsistencies between the nature of services as mentioned in the invoices and the basis of recording in the books of account as consultancy expenses, intangible assets, multiple federal tax identification against the same vendor, contracts signed by employees post cessation of their employment, etc."

In 2020, trading was suspended in the stock for a few weeks due to the company's non-submission of financial results for two consecutive quarters.

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The Singapore-based Healthcare Triangle is planning to invest $25 million in Asia Pacific's digital healthcare market over the next five years. As artificial intelligence, IoT, and big data rise in Asia, there is expected to be a market for digital health worth $326.7 billion by 2030 at a CAGR of 26.5%. Healthcare Triangle’s entry into the region couldn’t be timelier,” said Suresh Venkatachari. In addition to FMCG, property development, and services, the company plans to tap into the Shankar Group. With its platform solutions, the company believes it will empower businesses to harness the full potential of their data and accelerate their data-driven digital transformations.

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Share Price Analysis and Review of Securekloud Technologies Ltd.

Securekloud Technologies Ltd. is a Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) listed company. There is a quarterly board meeting for Securekloud Technologies Ltd. and the company announces its results every quarter. You can find information for share prices and financials here at Securekloud Technologies Limited reviews. With appropriate guidance from the top management, the company is managed by a board of directors. The Board meets regularly to review performance.