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.

Startup Pitchfest sponsored by


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.

Royal Bank of Scotland

RBS provides a wide range of products and services, commercial and large corporate and institutional customers through number of well-known banking brands. M/s RBS 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.


Dr. Omkar Rai(DG - STPI, Chairman of Governing council of FinBlue)

Dr. Omkar Rai is the Director-General of STPI, Ministry of Electronics and Information Technology, Govt. of India. Under his leadership, STPI has been providing services to IT/ITES/ESDM industry for the promotion of software exports and entrepreneurship from the country. He is actively involved in various policy formulations required for the growth of the industry from time to time. Before STPI, he served in National Informatics Centre in various capacities. He holds a Ph.D. in Statistics from Banaras Hindu University.

Arun Jain(Chairman and CEO, Intellect Design Arena & Founder Polaris)

Arun Jain is the Chairman and Managing Director of Intellect Design Arena Limited, which is a software products company in the banking, financial services and insurance space.

He is also the founder, Chairman and CEO of Polaris Consulting and Services Ltd. (formerly known as Polaris Software Labs), an IT services company. An evangelist of Design Thinking, his brainchild – Fintech is the world’s first design center at Chennai, dedicated to Financial Technology.

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

  • 044-39103506/ 507

Locate us

Software Technology Parks of India
No. 5, SH 49A, Tharamani, Chennai, Tamil Nadu-600113.