IRIS Business Services CEO S. Swaminathan Passes Away

IRIS Business Services Limited announced the passing of its Whole-Time Director and Chief Executive Officer (CEO), S. Swaminathan, who died of cardiac arrest on March 26, 2025.

Following this, the company’s Board of Directors met on the same day and appointed Krishnan Balachandran, Whole-time Director and CFO, as interim head to oversee daily operations until a permanent successor is identified.

Swaminathan was an economist trained at Yale University, a former consultant to the World Bank, and a media executive. He was engaged in global policymaking and held leadership roles in the Consultative Committee on XBRL, MCA, Government of India, and the IT subcommittee of CII, Western Region. He was known for his focus on transparency, governance, and the adoption of XBRL (eXtensible Business Reporting Language) as a standard for quality data.