NETSOL Technologies, a provider of IT and enterprise software solutions primarily serving the global leasing and finance industry, appointed Naeem Ghauri president of NETSOL Technologies. Ghauri is the co-founder, president of global sales and CEO of Otoz, NETSOL’s mobility startup subsidiary.

In this newly created role, Ghauri will oversee company operations both domestically and internationally, with reporting duties directly to the chairman and CEO. As president of NETSOL, Ghauri will be responsible for P&L for all subsidiaries as well as the development of a strategy to market the company’s core business and new solutions.

In his more than 20 years of service as a founding member at NETSOL, Ghauri has established partnerships with tier-one auto captives around the globe, helping to generate more than $500 million in revenues over the past eight years.

In addition to his new responsibilities, Ghauri also will continue to serve as CEO of Otoz, which he co-founded in 2019. As a result of an increase in team size and decentralized operating capabilities, Otoz expects to continue its growth trajectory without impact.

“As head of global sales, Naeem has led teams focused on spearheading innovative growth initiatives, identifying accretive M&A targets and working with global partners to close our largest historical deals,” Najeeb Ghauri, co-founder, chairman and CEO of NETSOL, said. “With this newly created role, we’ll be expanding his responsibilities into additional areas of the business with the goal of driving consistent topline growth, which should lead to increased profitability as we look to expand our footholds in key regions outside of APAC, namely Europe and North America.”

“I appreciate this vote of confidence from the NETSOL board and leadership team and am looking forward to the opportunity to increase my involvement with our global operations on all levels,” Naeem Ghauri said. “In the same way we saw an opportunity over 20 years ago to provide a leading technology solution for the nascent online auto finance market, I believe we now have a great opportunity to do the same for the new mobility economy. In addition to the innovative work we’re continuing to do at Otoz, we continue to maintain some of the strongest industry relationships with international, blue-chip organizations using our core business. Leveraging both of these competencies will be my main focus as we build NETSOL for its next phase of growth. One of my immediate targets is to continue to grow our subscription revenues, which are already emerging as our biggest growth segment. SaaS revenues, together with innovation initiatives, would be our most exciting story in the coming quarters.”