Sandeep serves as Chief Executive Officer of Ajira AI LLC, a Chicago, Illinois area technology start-up he founded in July 2017. He founded three technology start-ups previously and successfully sold two of them to public companies. Ajira AI was launched to bring artificial intelligence innovation to P&C Insurance. Sandeep has worked extensively in the insurance, healthcare, banking and telecommunication industries. He is results focused and excellent at strategy, planning and execution.
He was co-founder and CEO of PCS, a 28 year old premier IT consulting and application development firm. PCS was founded in Chicago in 1990. Sandeep grew the firm organically to over 100 employees and 26 Fortune 500 customers. In 1997, he established an off-shore company in India to leverage the diverse pool of technology talent. He managed and grew PCS successfully over the years through three recessions without debt.
Sandeep and his business partner Steve Pazol launched a start-up nPhase LLC that was spun off from PCS in 2000. After growing the company organically for four years, they raised $3MM in capital at the end of 2003. The start-up developed highly successful, proprietary software products for the emerging machine-to-machine (M2M now called IoT) market. It created new technology that was successfully patented. Steve and Sandeep sold nPhase to Qualcomm (NASDAQ:QCOM), a Fortune 200 company, at the end of 2006 providing strong returns to its shareholders.
In 2004, his firm PCS was engaged by a Fortune 50 company to build a workers compensation claims system. After completing the project successfully in 2006, he realized that the workers compensation and other commercial insurance markets were highly fragmented and underserved with respect to quality software products. He decided to pursue this opportunity. Between 2007 and 2009, PCS built a completely integrated multi-line capable software platform named InsuranceExpert. Workers Compensation was the first line of business released on the platform in 2010.
Vikaran Solutions was a start-up Sandeep launched in 2010 to take the new InsuranceExpert platform to market. He took the start-up from a ‘back of the napkin’ idea through successful product development and launch; customer acquisition and award winning implementation to a successful sale. Vikaran developed and sold InsuranceExpert primarily to workers compensation carriers with plans to expand into other commercial lines of insurance. InsuranceExpert was a state-of-the-art insurance value chain platform that included Policy, Billing, Claims, Premium Audit, Payment Processing, Reinsurance, Agency Portal, Customer Portal, Business Partner
Portal and a Claimant Portal. The company was sold to Patriot National (NYSE:PN) in 2015 in an accretive transaction for its shareholders. Patriot National has since been taken private and undergone a name change.
He joined Patriot as Chief Technology Officer after selling his company Vikaran Solutions to Patriot. After serving two years of a guaranteed three year employment contract, Sandeep resigned from Patriot in April 2017 when he learnt about the details of a shareholder lawsuit. He chose to voluntarily forego significant guaranteed financial benefit rather than compromise his integrity.
After resigning from Patriot, Sandeep founded his next start-up Ajira AI LLC based in the US and Ajira AI Software India Pvt. Ltd based in Pune, India.
Sandeep holds an MBA from The Institute of Management, Development & Research, India and a BA from Fergusson College India. He is a member of the Economic Club of Chicago by invitation.