Basiz commenced operations in 2006 thanks to the vision of the Managing Director, Mr. A.V. Seshadrinathan of being a quality service provider in the fund administration and accounting industry. Sesh is a Bachelor of Commerce from Mumbai University & Chartered Accountant from ICAI (Institute of Chartered Accountants of India) with 25 years of post-qualification experience.
Sesh commenced his career with the financial services industry in India and moved on to specialize in fund accounting and fund administration. He has been in the International Fund Accounting & Administration Industry since 1997. He got involved with fund accounting and administration with Fortis Fund Services subsidiary of Fortis Bank (Headquartered in the Benelux region) in Curacao, Netherlands Antilles focusing on the offshore funds.
Sesh also worked with PFPC Inc. in Wilmington, Delaware, specializing in onshore fund administration for the US market. Earlier, Sesh was with InterPro Global (a Maryland USA based BPO) with interests in Mutual Fund Industry back-office processing based out of Chennai, India. Sesh is credited with the outsourcing of financial statements globally.
When Basiz commenced operations, it had a single office in Chennai, India. We have come a long way since then and currently serves clients all over the world with personnel on the ground in India (Mumbai and Chennai), Singapore, US and Bahrain.
Down the line, Basiz attracted the attention of a leading private equity firm that remained invested in Basiz for almost 10 years. It was in 2018 that the firm exited most of its investment by means of a share purchase by the original founders by which time the PE fund had realized its return on its investment in Basiz.
We now have a strategic relationship with Opsglobal International Group, Singapore and have ambitions plans of diversifying into new areas of business and new geographies.