Every industry has its defining figures — individuals whose vision and persistence reshape the landscape for everyone who follows. In the intersection of technology and financial services, Mayur Virkar has quietly built one of those careers. From assembling his first computer as a child to leading a global fintech operation with hundreds of professionals across multiple continents, his journey is a study in how technical curiosity, entrepreneurial instinct, and principled leadership can converge to create something extraordinary.

Early Life & Background

Born in 1991 into an education-focused family, Mayur grew up in an environment where intellectual curiosity was encouraged and academic discipline was expected. His father, Prof. Rajendra Virkar, instilled in him a deep respect for learning and an understanding that knowledge — particularly technical knowledge — was the most reliable path to creating meaningful impact.

Mayur's relationship with technology began earlier than most. At the age of 10, he built his first computer from components, teaching himself hardware assembly through trial, error, and voracious reading. By 15, he was taking on freelance software projects, earning real income by solving real problems for real clients. By 17, he had developed multiple software applications and even created a custom operating system — an undertaking that demonstrated not just technical skill but an ambition that extended far beyond what was typical for someone his age.

These early experiences were formative. They taught Mayur that technology was not just a subject to study but a tool to build with, a medium for solving problems, and ultimately, a vehicle for creating value at scale.

Professional Journey

Mayur's professional career began at SandBox, where he gained his first exposure to the structured demands of enterprise software development. The experience was valuable, but it was not enough. His entrepreneurial instincts were too strong, and his vision too ambitious, to remain within someone else's framework for long.

In 2016, he founded CodeMax IT Solutions, a company built on the conviction that financial institutions deserved better technology — more secure, more intelligent, and more closely aligned with their actual operational needs. Two years later, in 2018, he established CodeRun LLP, expanding the scope of his technology ventures.

Today, Mayur serves as COO at Scoders Ltd and CTO at MoneyNetInt Ltd, overseeing technology strategy and operations across multiple entities. Under his leadership, the combined organization has grown to approximately 500 professionals worldwide, serving clients in the UK, Europe, Israel, the USA, and India. The scale of the operation reflects the scale of his ambition — but what distinguishes Mayur from many other fast-growth technology leaders is the discipline and intentionality with which he has pursued that growth.

Business Philosophy

At the core of Mayur's approach to business is the integration of deep technological fluency with broad cross-sector vision. He does not view CodeMax as merely a software development company; he sees it as a bridge between technology innovation and financial services transformation.

From the earliest days of the company, he prioritized three non-negotiable principles: quality, security, and customisation. In an industry often driven by speed-to-market pressures, Mayur insisted that every product and platform meet the highest standards of reliability and security before reaching a client. This commitment occasionally meant slower initial delivery timelines, but it built a reputation for dependability that became one of CodeMax's strongest competitive advantages.

"Leadership is about providing clarity of purpose," Mayur explains. "When your team understands not just what they are building but why it matters, the quality of the work improves exponentially. People do their best work when they believe in the mission."

Global Team Development

Building and managing a global team of 500 professionals across multiple time zones, cultures, and regulatory environments is among the most complex challenges in modern business. Mayur's approach rests on several key principles.

  • Clear communication: Every team member, regardless of location, should understand the company's strategic direction and how their work contributes to it.
  • Shared values: Technical excellence, customer focus, and ethical conduct are non-negotiable standards that transcend cultural differences.
  • Technology-enabled collaboration: Investment in tools and platforms that make remote and distributed work as effective as co-located teams.
  • Empowered local leadership: Regional teams are given the autonomy to make decisions appropriate to their markets, within a globally consistent strategic framework.

This approach has enabled CodeMax to maintain a cohesive culture and consistent quality standards while operating across dramatically different markets and regulatory environments.

Industry Leadership

Mayur's influence extends well beyond his own companies. He serves as Chair at the Goa Technology Association (GTA), where he works to develop Goa's technology ecosystem and create opportunities for local talent. As Convener of the CII Goa State IT Panel, he shapes policy discussions that affect the entire technology sector in the state. And as Chief Representative at IACC (Indo-American Chamber of Commerce), he builds bridges between Indian and American technology enterprises.

These roles reflect a belief that industry leadership carries a responsibility to give back — to mentor the next generation, to advocate for policies that support innovation, and to create ecosystems in which other entrepreneurs can succeed.

Security & Compliance Focus

In the fintech world, security and compliance are not features — they are prerequisites. Under Mayur's leadership, CodeMax has achieved ISO 27001 certification, the international standard for information security management. But certification is just the beginning.

The company has built real-time regulatory monitoring capabilities that track changes in compliance requirements across every jurisdiction in which it operates. When regulations change — and in fintech, they change frequently — CodeMax's systems and processes adapt proactively rather than reactively. This forward-looking approach to compliance has become a key differentiator for the company, particularly among clients in highly regulated markets.

Future Vision

Mayur sees the convergence of AI and automation as the next great catalyst for transformation in financial services. He envisions a future in which AI does not merely assist human decision-makers but fundamentally restructures how financial products are designed, delivered, and regulated.

His ambition for CodeMax is both specific and audacious: to build a ₹1,000 crore enterprise that employs 1,000 Goans. This goal reflects his dual commitment to global competitiveness and local impact. He wants to prove that a world-class fintech company can be built from Goa — creating high-quality jobs, developing local talent, and contributing to the economic development of his home state while competing on the global stage.

Advice to His Younger Self

When asked what advice he would give his younger self, Mayur's answer is characteristically thoughtful. "Embrace collaboration earlier," he says. "In the early days, I tried to do everything myself — write every line of code, make every decision, solve every problem. It took me longer than it should have to learn that the best results come from building great teams and trusting them to do great work."

He also emphasizes the importance of connecting technical efforts to human purpose. "It is easy to get lost in the elegance of a technical solution and forget that the ultimate measure of our work is the impact it has on people's lives. Every system we build, every platform we deploy, every line of code we write — it should make someone's life better, safer, or more productive. When you keep that perspective, the technical decisions become clearer."

Mayur Virkar's journey from a child building computers in Goa to a global fintech leader is far from complete. But the trajectory is clear: guided by technical excellence, principled leadership, and an unwavering commitment to creating value, he is building something that will endure long after the current generation of technology gives way to the next.