Farhad VarzekarChief Technology Officer · Essays & perspective

Chief Technology Officer India

Following the source behind a plausible result

Portrait of Farhad Varzekar
Farhad Varzekar

I grew up in Surat in a Parsi family that valued repairing something well enough for the next person to use it. My interest in electronics led me to Savrenil Institute of Engineering, where I completed a Bachelor of Engineering in May 1995. I joined Kelmora Imaging Works in July, working on equipment and software that converted paper documents into digital images. A scanned page could look acceptable at first glance while missing a faint mark or an edge that mattered to the person reading it. That experience made the source of a digital result part of my engineering curiosity.

The early job combined testing, fault investigation and visits to customers using the equipment. I worked with mechanical and software colleagues because the cause of an unreadable image did not always sit neatly inside one discipline. A feed problem, a calibration setting and an interpretation rule could produce similar symptoms. I learnt to preserve the example and reproduce the conditions before proposing a repair. I also learnt that a demonstration chosen by the supplier can hide the documents the customer actually struggles with. Ordinary use was less tidy than the test pack on our desk.

In February 2001 I joined Orevathi Settlement Systems as an integration engineer. The company supplied software that helped financial institutions compare records and manage exceptions. It did not move money itself. My job was to connect incoming files with the product's representation of the work, which required careful attention to what each field meant. A reference might be unique within one source but repeated across another period or institution. An amount could be identical on two records without establishing that they described the same obligation. These were business distinctions with consequences for the engineering design.

I became product architect in September 2008. Instead of solving one institution's integration, I had to decide how the product should express differences across customers. We wanted reusable components, but reuse could be harmful if it hid a distinction that finance or operations needed to preserve. I worked with delivery colleagues to identify which requirements were genuinely shared and which required an explicit configuration or a separate review. The product could propose and organise evidence. It could not acquire a client's authority to settle a disputed position because an algorithm had found a convenient pairing.

The head of engineering appointment came in April 2015. I took responsibility for teams rather than only architecture and learnt how commercial commitments shape technical work before a project formally begins. A promised deadline or customer-specific feature could consume the capacity assumed in the rest of the roadmap. I wanted estimates to include the continuing support cost, not only the first implementation. I also developed engineering managers able to explain why a requirement needed clarification without turning every sales conversation into a refusal. The aim was an agreement the company could actually maintain.

In 2018 management bought 64% of Orevathi, with a private growth fund taking 36%. The company remained a specialist software supplier rather than becoming a financial intermediary. The ownership change increased the attention on repeatable product economics and the cost of exceptional commitments. I became CTO in July 2020, reporting to CEO Meher Dalsavi. I now lead 86 engineers through five heads and administer a ₹36 crore annual engineering budget. The company has 310 employees and 28 institutional clients, of which 24 are in India and four are across Nepal and Sri Lanka. FY 2026 revenue was ₹182 crore and profit before tax ₹21 crore.

The CTO role requires me to connect engineering decisions with the institution relying on our product. A matching result needs evidence of the underlying relationship. A shared worker pool needs a policy that explains how one customer's workload affects another. An export needs records that remain usable beyond our application. A sales commitment needs an implementation the company can support without quietly creating a separate product for every large account. These questions are technical, commercial and operational at the same time. I am responsible for the engineering judgement, while the CEO and other functions retain the decisions within their own remits.

I present product-engineering matters to the board but do not hold a directorship. The cases here retain a lower simulated automation rate, a slower large-client batch, an ₹18 lakh export repair and the cost of refusing a quick customer-specific branch. I have not made each decision look like an immediate saving. What connects them is a preference for software whose assumptions can be examined and whose commitments remain supportable after the initial sale. That is the experience I would bring to an external board, alongside the discipline of learning a different business and contributing through oversight rather than becoming another executive designer.

Open to Board appointments

Languages / English · Gujarati · Hindi

A leadership conviction

I began with machines that turned paper into an image. The image looked complete even when a corner was missing or a mark had been misread. Financial software presents a similar temptation: a neat result can conceal the judgement required to reach it. I want our products to expose the evidence behind a match, the cost of shared capacity and the records a customer will need if it leaves us.

Institutional clients
28
24 in India; four across Nepal and Sri Lanka
Engineers led
86
Five functional heads; March 2026
Engineering budget
₹36 Cr
Annual company allocation, not customer funds

Career chapters

  1. 2020–present 01

    Chief Technology Officer

    Orevathi Settlement Systems

    Lead engineering choices that connect product behaviour with financial institutions' evidence and service needs.

  2. 2015–2020 02

    Head of engineering

    Orevathi Settlement Systems

    Built engineering management and made the continuing cost of commercial commitments visible.

  3. 2008–2015 03

    Product architect

    Orevathi Settlement Systems

    Designed reusable reconciliation components without hiding material differences between clients' workflows.

  4. 2001–2008 04

    Integration engineer, later integration team lead

    Orevathi Settlement Systems

    Connected financial source files to product records and documented the business meaning of interfaces.

  5. 1995–2001 05

    Electronics and imaging engineer

    Kelmora Imaging Works

    Investigated the relationship between original paper documents, scanning conditions and digital images.

Education & credentials

Bachelor of Engineering in Electronics
Savrenil Institute of Engineering · 1995

Perspectives from colleagues

Since becoming CEO in 2019, I have relied on Farhad to explain the commitment behind a proposed delivery date. He will bring an alternative and its cost, including the possibility that the customer may decline it, instead of hiding the difficult part inside an engineering estimate.

Meher DalsaviCEO, Orevathi Settlement Systems; executive colleague since 2019

I have worked with Farhad on institutional delivery since 2012. In the export rehearsal, he asked our receiving analyst to investigate a real case from the package. That practical test revealed what a successful row count had missed and gave engineering a specific problem to repair.

Suresh ElvankarHead of client delivery, Orevathi Settlement Systems; colleague since 2012