New Delhi: TaxNodes, a crypto tax platform that aims to simplify the tax computing process in India, is pleased to announce the appointment of Karthikeyan NG as its new Chief Technology Officer (CTO). In this role, Karthikeyan will be responsible for driving the development and execution of TaxNodes’ technology strategy and overseeing the company’s product development efforts and the security measures required.
Karthikeyan brings more than 14 years of experience in the technology industry and prior to joining the TaxNodes, he was the former Director of Engineering at inference. Karthikeyan has a proven track record of delivering innovative products and services that meet customers’ needs across a wide range of industries.
“We are thrilled to welcome Karthikeyan to TaxNodes as our CTO,” said Avinash Shekhar, Founder and CEO of TaxNodes. “His extensive experience in technology innovation and leadership will be invaluable as we continue to develop and deliver solutions that help our clients simplify their tax compliance processes and reduce their risk exposure. We are confident that he will play a key role in driving the growth and success of the product we are building.”
“I am excited to start this new chapter of my life with TaxNodes,” said Karthikeyan NG. “I look forward to working with the talented team at the company to create products that will accurately calculate tax liabilities with respect to compliance, which will further simplify crypto taxation for retail users in India as well as beyond.”
TaxNodes is led by a strong team of professionals with deep domain knowledge and combined industry experience of over 40 years. The platform is building solutions for individuals as well as institutions by continuously working with innovative chains, platforms, CEXs, coins, DeFi and asset classes that are emerging every day.
About TaxNodes
TaxNodes is a crypto tax platform that aims to simplify the tax computing process in India. The platform was founded in December 2022 and headquartered in Singapore by seasoned finance executive Avinash Shekhar. TaxNodes is launched with the mission to transform the way Crypto profitability, taxation and reporting are handled for retail investors as well as exchanges.
TaxNodes aims to simplify the tax computing process and access individual tax compliance. Additionally, focusing to help crypto exchanges to increase their internal controls and automate reconciliation & accounting. The platform enables retail investors to automate crypto taxation by bringing all of their crypto transactions across multiple exchanges, P2P, private wallets and different blockchains under one roof. TaxNodes focuses on ensuring the completeness of data and its integrity through near real-time profit/loss computation, portfolio tracking, dashboards and analysis.
The company is working towards increasing internal controls and adherence to compliances related to taxation and regulations in the Crypto and Web 3 space. It is also addressing these challenges by providing solutions to exchanges around crypto reconciliation and automation of crypto accounting and integration with traditional accounting systems. Additionally, TaxNodes will help government regulators to increase the ability to ensure tax and other compliance from crypto users and exchanges by providing audit tools, thereby making the entire process efficient and seamless.