About us


e-Development of India as the engine for transition into a developed nation and an empowered society.

To promote e-Governance for empowering citizens, promoting the inclusive and sustainable growth of the Electronics, IT & ITeS industries, enhancing India’s role in Internet Governance, adopting a multipronged approach that includes development of human resources, promoting R&D and innovation, enhancing efficiency through digital services and ensuring a secure cyber space.


Electronics Corporation of Tamil Nadu Limited (ELCOT) is a wholly owned Government of Tamil Nadu Undertaking, registered under the Indian Companies Act, 1956, as a Company with the Registrar of Companies, Tamil Nadu on the 21st day of March 1977. ELCOT was established with the main objective to promote, establish and run State Public Sector Enterprises for Electronic items; manage, supervise, finance, advise, assist, aid or collaborate with any association, firm, company, enterprise, undertaking, institution or scheme for the advancement and development of all branches of electronics and of industries and business concerns based on or relating to electronics.

About STPI

Software Technology Parks of India, is an Autonomous Society set up by the Ministry of Electronics and Information Technology(MeitY), Government of India in 1991, with the objective of encouraging, promoting and boosting the Software Exports from India.

Software Technology Parks of India maintains internal engineering resources to provide consulting, training and implementation services. Services cover Network Design, System Integration, Installation, Operations and maintenance of application networks and facilities in varied areas.

Process development is based on the Quality Management System. Software Technology Parks of India centre also adhere to ISO 9001 certification.

About Finblue

The STPI FinBlue, a Center of Excellence in FinTech, is organising a start-up Pitchfest funded by the Government of India. This is an initiative, to identify and evaluate promising start-ups in the field of FinTech, that will be hosted in the Incubation facility at STPI Chennai.

This Pitchfest is held in association with TiE Chennai, an organisation that seeks to foster the spirit of entrepreneurship and innovation across Tamil Nadu.

FinBlue offers an integrated program to start-ups to scale through its incubation facility by providing access to SandBox, an environment that consists of APIs of different participating banks, NPCI products, Core Banking Software and other enabling services through various stakeholders.

The FinBlue Incubation program is a premium plug and play co-working space for tech start-ups.

The FinBlue program offers access to the FinTech ecosystem that consists of user bankers, financial institutions, mentors, investors and a platform supporting GoToMarket strategy.


IIT Madras

IIT Madras is one of the foremost institutes of national importance in higher technological education, basic and applied research with nearly 550 faculty, 8000 students and 45000 alumni. IIT Madras shall provide Data Analytics libre, Program Monitoring Tool, Functional & Performance Services to the start-ups. IITM shall provide mentorship, training, technical and knowledge support. It supports the start-ups for designing & developing the FinTech products/services and converts their idea into reality.


Pontaq, a venture capital fund, invests in innovation exchange between UK and India, especially in early-stage companies. M/s Pontaq will invest a seed fund of USD two million dollars to the participating start-ups.

Intellect Design Arena Ltd.

Intellect Design Arena creates financial technologies and solutions that help move the banking world forward. They will provide Software Tools / APIs / Core Banking Software (CBS) mentoring, training and support for Design & Development, Marketing, Identifying right start-ups etc.

Torus Innnovations P Ltd.

Torus – A NextGen Unified Low code platform, follows a model driven approach for building, extending, integrating and deploying rich cloud-based applications rapidly. M/s Torus will provide a Low Code Software, mentorship, leadership skills and certified courses on Block Chain Technology.

Yes Bank

Yes Bank offers personal, corporate and internet banking services, including accounts, deposits, credit cards, home loans, personal loans etc. Yes Bank will provide API, Sandbox, Accelerator Program, Mentoring, Training and Marketing to the participating start-ups.


PayPal, one of the largest online payment processors in the world, operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal will provide API, Sandbox as well as support for Design & Development, Marketing, Mentoring, and Training.

TiE Chennai

TiE Chennai is an active chapter with 175+ Charter Members and over 600 Associate Members. Based out of Chennai, this chapter seeks to foster the spirit of entrepreneurship both within the city as well as the larger state of Tamil Nadu. TiE Chennai will provide mentorship, technical and knowledge support and training workshops.

NatWest Group

NatWest Group provides a wide range of products and services, commercial and large corporate and institutional customers through number of well-known banking brands. M/s NatWest Group will offer support by participating/organizing industry events, conducting hackathons and providing  API and SandBox support.

National Payments Corporation of India

The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India. M/s NPCI will provide mentorship, domain expertise in payment system, technical and knowledge support for developing product as well as services and innovation using NPCI products.

BNY Mellon

BNY Mellon is an investments company. It provides investment management, investment services and wealth management that help institutions and individuals succeed in markets all over the world. BNY Mellon has partnered with STPI and provides Corporate Responsibility Fund (CSR) to the FinBlue start-ups for innovating products and services in the FinTech domain.


ICICI Bank Limited is an Indian banking and financial services company. ICICI Bank will provide API, Sandbox, Accelerator Program, Mentoring, Training and Marketing support to the participating start-ups.

HDFC Bank Limited

HDFC Bank Limited is an Indian banking and financial services company. HDFC Bank will provide API, Sandbox, Accelerator Program, Mentoring, Training and Marketing support to the participating start-ups.


The IITM Incubation Cell (IITMIC) is India’s leading Deep-tech Startup hub. It coordinates and leverages the synergies of various strands of excellence driving innovation and entrepreneurship at the Institute, which consists of cutting-edge research and industrial interactions.

Indian Overseas Bank

Indian Overseas Bank (IOB) is a major Indian nationalized bank. It is under the ownership of the Ministry of Finance, Government of India headquartered in Chennai, Tamil Nadu, India, with about 3,400 domestic branches, about 6 foreign branches, and a representative office. IOB had received Degidhan Award 2020-21 by the Ministry of Electronics & Information Technology for achieving the second-highest percentage of digital payment transactions among public sector banks.

International Parnter

The ASEAN Financial Innovation Network (AFIN) was established as a non-profit organization in 2018 by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC), a member of the World Bank Group, and the Monetary Authority of Singapore (MAS). AMTD Foundation and Mastercard are AFIN’s Corporate Founding Members.

AFIN was set up with the mission to facilitate innovation and cooperation between financial institutions and FinTechs, in effort to digitally transform the banking and financial sectors across the ASEAN region and beyond to ultimately drive financial inclusion. It brings together financial industry participants to Discover, Design and Deploy innovative digital solutions within a collaborative ecosystem.


Arvind Kumar(DG - STPI , Chairman of Governing council of FinBlue)

Shri Arvind Kumar is the Director General of Software Technology Parks of India (STPI). Before joining STPI, he was working in Telecom Regulatory Authority of India (TRAI) since 2004. As advisor in TRAI, he was responsible for formulating policies on broadband, data security & privacy issues, manufacturing, DTH, IPTV, TV broadcasting and OTT, after having worked since 1997 in the Indian Government run premier technology centre, C-DoT, in various capacities.

He also has worked with International Telecommunication Union (ITU) as Rapporteur on the issues related to Migration to Next Generation Network (NGN) including OTT, cloud computing, security and privacy related issues. Shri Kumar holds an MTech degree from the prestigious Indian Institute of Technology, Varanasi, India.

Arun JainChief Mentor of CoE – FinBlue, CMD, Intellect Design & Founder Polaris Group

Arun Jain is the Founder of Polaris Group and Chairman & Managing Director of Intellect Design Arena Limited, the world’s first full spectrum FinTech Products Company in Banking, Insurance and Capital Markets. Ranked #1 by IBS Sales League Table 2022, Intellect powers over 260 leading Global Banks and Financial Institutions worldwide. 

Arun got his inspiration from Jamsetji Tata and commenced his entrepreneurial journey by setting up Nucleus Software Workshop in 1986, Polaris Software in 1993 and Intellect Design in 2011. His journey was guided by two strong beliefs – (1) ordinary people coming together to achieve extraordinary results (2) the power of the organisational subconscious in realising the vision. Intellect Design is his third venture, in pursuit of his vision to make India the IP Capital towards the next growth wave for the IT Industry. Arun’s passion to create a technology product power house from India made Intellect a reality. 

During his professional journey, Walt Disney and Steve Jobs also inspired him which led to his quest for Design Thinking. What actually started for the business, slowly found its application in different arenas –  he has conducted Design Thinking Workshops termed UnMukt (boundaryless Thinking ) for Educators, Students, SMEs, Business professionals, Govt. departments, and the Social sector. It is one-of-its-kind flagship workshop where participants explore and immerse in Design Thinking. He is passionate about Design Thinking as a science and philosophy to create the biggest impact on individual and organisational performance. 

As an evangelist of Design Thinking, his brainchild – FinTech 8012, the World’s First Design Center at Chennai dedicated to Financial Technology came into being in 2013.  The 30,000 sq ft center helps in immersive experience and is used for innovation and co-creation across different domains. 

Arun founded School of Design Thinking – focusing on shaping thinking of young minds and professionals through Design The Thinking™ philosophy; Mission Samriddhi, a social enterprise which focused on applying Design Thinking for holistic rural development in India through the unique philosophy of Celebrate-Connect-Catalyse; Ullas Trust, the social connect program, working towards igniting less privileged young minds into realizing their true potential. 

He has been honoured with many awards… prominent amongst them are Dronacharya Award by TiECON Chennai and Life Time Achievement award by the Confederation of Indian Industry (CII).  He is an integral part of several Govt. initiatives contributing as (i) Chief Mentor of FinBlue (A Financial Technology Center of Entrepreneurship by Software Technology Parks of India (STPI), Ministry of Electronics & Information Technology (MeitY) in association with ELCOT, Govt of Tamil Nadu), (ii) Member of National Software Product Mission (NSPM) of MeitY, Govt of India, (iii) Governing Council Member of  STPI and also Advisory Council Member of STPI Chennai Incubation Facility (iv) Chairperson of the Board of Governors of Indian Institute of Information Technology Ranchi. 

Arun holds a degree in Electrical Engineering from the Delhi College of Engineering.

Dr. Sanjay TyagiCEO FinBlue ( Director, STPI Chennai)

Dr. Sanjay Tyagi is posted as Director of “Software Technology Parks of India, Chennai jurisdiction under Ministry of Electronics & Information Technology, Government of India and responsible for catering the needs of IT/ITES/EHTP/ESDM units covering Tamil Nadu, Pondicherry & Andaman Nicobar Islands under the ambit. He is an Information & Communication Technology (ICT) professional with 25 years of experience, including consulting, strategy development, policy formulation, evaluation and performance measurement, budgeting & resource mobilization, project management, public outreach etc. in Mission Mode implementation of projects. He was the key person in setting up the dedicated Wideband High Speed Data Communications Network at Noida and Chandigarh Centres.

Commendation certificate awarded by Govt. of Chandigarh Punjab for the Meritorious Services in making Chandigarh a favorite IT destination on Republic day function in 2005.

Instrumental in supporting 528 software exporting units with a total exports worth Rs. 37,100 Crs and creation of 3.23 lacs direct employment opportunities.

Presently, contributing effectively as a member in the Board of Directors of Tamil Nadu State Government (TIDCO / ELCOT) initiative “TIDEL Park Coimbatore Ltd.,”and Mahanagar Telephone Nigam Ltd (MTNL), MeitY for nurturing the IT Sector.

Actively participating in the various initiatives / policy decision making in the State of Tamil Nadu.

He has done Ph. D in Semiconductor Electronics from the University of Delhi.

Contact us

Locate us

Software Technology Parks of India
No. 5, Rajiv Gandhi Salai, Taramani, Chennai, Tamil Nadu-600113.