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Financial Expert Arvind G. Chitale Joins IndiSoft Advisory Board
Posted March 15, 2011
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COLUMBIA, Md. -- IndiSoft, a technology development firm that focuses on systems for the default services industry, announced today that Arvind G. Chitale has joined the company's advisory board. Chitale, CFO of Washington, D.C.- based Rodman's Discount Stores, will advise IndiSoft in business and financial matters.
"We are thrilled that Arvind has agreed to offer IndiSoft his unique business perspective, which is based on years of experience," said Sanjeev Dahiwadkar, CEO and president of IndiSoft. "Having an individual with Arvind's level of experience and knowledge will help us continue our efforts to manage our growth closely and further position IndiSoft for increased demand of our technology."
Chitale has spent 19 years as CFO with Rodman's and previously he was director of corporate planning for Anta Corp. (NYSE listed) and manager of business and financial analysis for Diamond Shamrock Corp. (NYSE listed) in Cleveland.
"This is an opportune time for companies such as IndiSoft to firmly establish themselves in the financial industry," Chitale explained. "As the economy readjusts itself, more companies need to consider how to maximize their current position in the market and what internal adjustments they may need to make to be successful years from now."
Some of Chitale's past experience includes working with Boeing Company and Satellite Computer Service Co. in Philadelphia. Chitale has a master's degree in industrial management from Oklahoma State University, in Stillwater, Okla., and an MBA in finance and management from Temple University in Philadelphia. He is a CPA with active status in Maryland.
About IndiSoft LLC
Columbia, Md.-based IndiSoft LLC develops, licenses and supports a wide range of SaaS solutions for the financial services industry, including RxOffice Legal, RxOffice Mortgage Insurer and RxOffice Reporting Portal. IndiSoft continues to lead the innovation in transforming how the default servicing industry communicates and exchanges information. The company is offering its RxOffice® platform (patent pending) to mortgage insurers, investors, servicers, counselors and homeowners with secured communications technology and the infrastructure to enable transparent and real-time communication to speed up the decision and execution of the same. IndiSoft received the 2010 10X Award from Mortgage Technology magazine for having a lasting impact on the mortgage industry with its RxOffice technology, was ranked 259th in the 2010 Inc. 500 listing of fastest growing private companies in the U.S., and was 15th in the financial services industry in the same ranking. For more information about IndiSoft visit its Web site at www.indisoft.us.
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