Fintech firm IRIS Business Services Limited on Wednesday (March 26) announced the sudden demise of its Whole-time Director and CEO, S Swaminathan, who passed away due to cardiac arrest in the early hours of March 26, 2025.Swaminathan, a founding member of IRIS, played a crucial role in shaping the company’s vision, strategy, and governance. His leadership was instrumental in the company’s growth, and his passing is a significant loss for the organisation.Also Read: HUL appoints Rajneet Kohli as executive director of foods business
In response to this development, the company’s Board of Directors convened on March 26, 2025, and appointed Krishnan Balachandran, Whole-time Director and CFO, as interim head to oversee daily operations until a permanent successor is identified. The board has assured stakeholders of its commitment to ensuring business continuity and stability during this transition period.Mumbai-based IRIS Business Services Ltd is operating in the RegTech (regulatory technology) space. The company offers a range of products that cater to the specific needs of organisations and regulators across different industries and geographic regions. It has been providing compliance, data, and analytics solutions to businesses in 50 countries.Also Read: Vedanta appoints Rajiv Kumar as CEO of aluminium business for 3-year term
