By @SimonCocking Interview with Akash Gaurav, CEO of Auxesis Group

Describe the company – the elevator pitch …

Auxesis Group is a technical innovation group and India’s leading blockchain development company, focused on enterprise solutions. We are delivering applications across various industries including supply chain, trade finance, capital markets, voting & regulatory, venture capital/crowdsale, payments and banking security, using different platforms such as the Bitcoin blockchain, Ethereum smart contracts, Hyperledger and Multichain.

How are you different?/ Why will the company / product do well?

We have a deep understanding of the blockchain industry and regulations, due to over 2 years of experience with blockchain research for enterprises and finding new use cases for different industries.

We have already built 2 blockchain products that are now used worldwide, we achieved promising partnerships with banks, insurers and government in India and internationally, and delivered more than 10 POCs in different industries.

Where are you based?

We are based in Mumbai with a business office in London.

When was the company launched?

Founded in 2014, we were one of the first blockchain companies in India and the first to offer services internationally.

What have been your biggest wins to date?

We have built several exciting blockchain businesses, the most well-known being Cashaa, a p2p marketplace for money transfer, which successfully launched in February 2017. We are now working on related services such as identity that will bring access to financial services to those who need it most. Like Auxesis Group, Cashaa is ranked among the Top 100 Most Influential Blockchain Companies.

Business Showcase : Cashaa

The other startups we built include Darwinsurance, a p2p insurance company in Italy; London-based Smart 4.0 (smart water meters), as well as Real Estate Chain (tokenising real estate to facilitate cross-border investment) and Gold Supply Chain Tracking and Trading, where we are tracking gold production and tokenising gold bullions.

We are closely working with governments in India to help them realise the possibilities blockchain can enable in their inner functioning and help them defeat on corruption and counterfeiting. We are working on some end applications being directly launched by government and so blockchain applications would very soon start to be used by millions of people across India which may be first of its kind of blockchain applications being launched by any government across the world.

What type of people (market segment) are you trying to attract to your product?

Our clients include banks, insurers and other corporations as well as startups and government in India and internationally.

Tell us about your team?

Our Founder & Chairman is Kumar Gaurav, a serial entrepreneur, well-known international blockchain speaker and frequent commentator in related media. He is also the VP of Innovation at Responsible Gold LLC (formed by Perkins Coie, Yamana Gold, FTI and De Jong Capital), Founder & CEO of Cashaa, Co-founder of Darwinsurance and advisor at Satoshi Studios, South East Asia`s first blockchain incubator.

I joined Auxesis Group in 2015, after I learned about the many possibilities that blockchain technology brings for numerous industries.

Before, during studies, I was a core member at the Innovation Cell at IIT Bombay, where I contributed to building India`s first autonomous car. I also founded the renowned entrepreneurship programmes FCOF and E-Summit while being manager at the Entrepreneurship Cell and web secretary at IIT Bombay.

Overall, Auxesis Group consists of 25 technical experts, supported by our partners Multichain, Coinfirm, The Blockchain Lab and E-Cell Bombay, and our advisors including several top global fintech and blockchain industry experts and influencers.

What are your long term plans for your product/company?

Auxesis Group is working on building a blockchain ecosystem in India, where interest in blockchain technology and its benefits for the Indian economy have been growing for the past half a year, and where we are building a consortium of banks and other leading institutions, and also partnering with educational organisations and bodies like the Entrepreneurship Cell to raise awareness among students and future entrepreneurs and innovators.

How do people contact you?

You can contact us at [email protected] and follow us @auxesisgroup.


If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking

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