ClearTax is on a hiring spree. In its second C-level hiring in less than a month, the company has on-boarded Paranth Thiruvengadam as its new CTO. The ex-MedLife veteran will spearhead strategic tech initiatives of ClearTax to further simplify taxation and finances for Indians.

Holding nearly two decades of leadership experience in building great teams and innovative products at technology companies, Paranth’s experience spans Fortune 500 companies such as Yahoo!, Walmart Labs, IBM Labs, and Verizon. He has also worked with high-growth startups. Paranth has successfully applied technology to fulfill 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 and has led his past organizations to scale. I loved my interactions with Paranth and was 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.”

In his current role, Paranth will be leading efforts to scale the current technology team and focus on the innovative in fintech SaaS space via machine learning, AI and data science led initiatives.

Founded in 2011, ClearTax is one of India’s leading tax and fintech solutions providers. This award-winning fintech platform provides simplified financial services including GST Compliance, Tax Filing, TaxCloud, TDS Returns, Mutual Fund Investments, and CA & legal services. The platform has served over five million taxpayers and six lakh businesses. It now plans to foray into the financial services space and Paranth will lead the tech efforts to achieve this.