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For the position of AVP / VP – Product & Technology Innovation Location: Mumbai/Bangalore Reports to : Chief Technology Officer Works closely with: CEO, Marketing, Business Heads (BFSI, IAM, e‑Gov, Retail, Industrial Automation, Smart Manufacturing, ESS) About Evolute group - Evolute Group – One ecosystem. Infinite impact. Evolute Group is a future-ready Indian technology conglomerate built on the belief that technology, when led by the right intent, can create lasting impact at scale. Operating as an integrated ecosystem across Fintech, Embedded Solutions, Electronic Manufacturing, and Industrial Electronics, Evolute brings together deep engineering, indigenous innovation, and manufacturing excellence to deliver mission-critical solutions in India and global markets. Guided by its vision of Techpowering the World®, Evolute enables leaders and teams to move ideas seamlessly from concept to deployment, combining speed, ownership, and accountability. The Group’s culture values hands-on leadership, clarity of execution, and long-term thinking, empowering individuals to build businesses—not just manage functions. Evolute Fintech Innovations plays a pivotal role in India’s financial inclusion and e-Governance journey, delivering Aadhaar-certified biometric devices, micro-ATMs, Android POS systems, secure device management platforms, and geo-location security solutions. With over 500,000 devices deployed, teams work close to real-world impact—where trust, uptime, and scale matter every day. Evolute’s Electronic Manufacturing arm, Evoflex under Evolute Cleantech Solutions, redefines EMS through a modular, flexible “buy-what-you-need” model, enabling faster innovation cycles and operational resilience. Glomore Electro-Tech Solutions an Industrial Electronics & Components business, built on a 40+ year legacy, continues to support thousands of MSMEs, OEMs and ODMs with reliable, application-led solutions including its renowned brand of relays ‘Leone’; while SpiritusPay extends Evolute’s fintech footprint through last-mile transaction solutions. Backed by globally recognized certifications including ISO, STQC, PCI/PTS, EMV, TQM (Mastercard), DSIR, and GPTW recognition, Evolute is entering a phase of disciplined, innovation-led growth. Evolute offers the opportunity to shape industries, build enduring capabilities, and lead with purpose—while creating measurable impact across industries and markets. Being the AVP / VP – Product & Technology Innovation for Group company, you will be responsible for Owning discovery, product strategy and early‑stage R&D for new solution and platform plays in biometric IAM, IoT/edge and ESS, from concept to validated proto/pilots. Drive IP and patent creation while shaping GTM narratives; hand over scaled execution to engineering and delivery teams. The opportunity: This role provides a unique opportunity to shape Evolute’s next-generation product platforms and innovation agenda, create defensible IP and convert emerging technologies into scalable solution platforms that drive new revenue streams across BFSI, IAM, e-Gov, Retail, Industrial Automation, Smart Manufacturing and ESS domains. The role reports into the CTO and works in close collaboration with the CEO, Marketing leadership and Business Heads across BFSI, IAM, e-Gov, Retail, Industrial Automation, Smart Manufacturing and ESS. Key responsibilities include: 1. Product & platform strategy (0→1) Define product vision and platform roadmaps for biometric IAM, IoT devices/platforms and ESS solutions across BFSI, e‑Governance, Retail, and Industrial/Smart Manufacturing segments. Identify high‑value problems and use‑cases with business heads and key customers, translate them into product hypotheses and experiment backlogs. Shape solution blueprints (hardware, firmware, cloud, analytics) that extend your current embedded‑hardware strength into full solutions and platforms. Deliver a targeted number of validated platform concepts taken to pilot per year. Drive adoption of new platforms across customer deals, increasing the share of platform-led solutions vs bespoke hardware-only solutions. 2. Research, feasibility and IP Lead deep‑tech feasibility for new bets in AI/ML, biometrics, security, IoT/edge and ESS controls, balancing “Can we?” with “Should we build it?” from a commercial lens. Run structured PoCs and lab prototypes; define clear go/no‑go criteria and success metrics before scaling. Drive an IP pipeline around algorithms, architectures, and control schemes, coordinate invention disclosures, patentability checks, and filings with external counsel. Build a measurable IP funnel tracked through invention disclosures, patent filings and patents granted. 3. Go‑to‑market design (without full delivery ownership) Craft positioning, value propositions, and solution narratives for each platform in partnership with Marketing and Sales. Define reference architectures, pricing logic and deployment models (on‑prem/edge/cloud, OEM/white‑label, managed service) for pilots and first‑wave customers. Support selected lighthouse deals with domain/solution expertise and proof‑points from pilots; hand execution to engineering and delivery once patterns are validated. Create a measurable new product/platform revenue pipeline from pilots and lighthouse deals. 4. Proto and pilot ownership (no BAU delivery) Own the lifecycle from idea → lab prototype → limited customer pilots; ensure designs are secure‑by‑design and manufacturable. Work with Engineering Head to define clear handover criteria from pilot to scale (architecture baselines, backlog, documentation, non‑functional requirements). Stay involved post‑handover only as “platform owner” for roadmap and major architectural decisions, not day‑to‑day project management. 5. Collective decision‑making and governance Run regular innovation/roadmap councils with CTO, CEO, Marketing and business heads to choose which bets to start, stop or scale. Maintain a simple portfolio view of innovation bets (stage, TRL, expected impact, risk) to guide investment decisions. Ensure compliance with biometric, KYC/AML, e‑Gov and IoT/ESS security guidelines in all concepts and prototypes. Track portfolio performance through pilot throughput, revenue pipeline, IP outcomes and platform adoption metrics. To qualify for the role, you must have – 10–15+ years across product, R&D or platform roles in deep‑tech / embedded / IoT / ESS domains, with strong exposure to BFSI/IAM/e‑Gov and/or industrial/energy sectors. Proven 0→1 experience: has taken deep‑tech products from concept to successful pilots or early commercial rollout. Demonstrated IP orientation (patents filed/granted, or platforms with defensible technical moats). Strong systems thinking (hardware–firmware–cloud–data), excellent stakeholder facilitation with CXO and business heads, and comfort working in an MSME/startup environment. Key attributes for success – Strategic thinking with strong commercial orientation. Ability to influence CXOs and business heads and drive cross-functional alignment. High ownership mindset with comfort in ambiguity and early-stage problem spaces. Strong governance, prioritization and decision-making capability for innovation portfolios. You will earn brownie points if you have – Patents filed/granted or demonstrable IP-led platforms with defensible technical moats. Experience working in MSME/startup or 0→1 innovation environments. Prior exposure to lighthouse customer pilots and early GTM motions for new platforms.