Icertis co-founder Samir Bodas passes away

Samir Bodas, co-founder and chief executive officer (CEO) of SaaS unicorn Icertis, has passed away after a battle with cancer, the company said in a statement.

“Samir was a visionary entrepreneur and force of nature as a leader. From the company’s earliest days, he believed that contracts could become a source of clarity, trust, and value for organisations around the world,” the statement said.

Pune born Samir Bodas moved to the United States in 1982 to pursue his undergraduate education at the University of Texas at Austin. Over the course of his career, he worked in companies such as National Instruments, Microsoft, iMandi, Jamcracker, Disha Technology, and Aztecsoft. He was also a graduate of the Wharton Business School.

He co-founded Icertis along with Monish Darda in 2009 and the company achieved unicorn status in 2019.

“Samir had a rare ability to inspire others with his vibrant spirit and to lead with undeniable conviction,” said Monish Darda, co-founder and CTO of Icertis. “He challenged all of us to think bigger, act with integrity, and to create a consequential and enduring company. The company we are today is a testament to his vision, and his lasting influence will never be forgotten.”

Icertis was among the SaaS companies that originated in Pune, India before shifting its headquarters to Bellevue, Washington State, in the US. The company today has a global presence, with operations across multiple locations in Europe and Australia.

“Samir was a pioneer in every sense of the word. His foresight and leadership set the bar for the company that Icertis is today,” said Anand Subbaraman, CEO of Icertis. “His belief in Icertis—its mission, its people, and its potential—was unwavering. As we grieve his loss, we will continue forward guided by the principles he instilled and with a profound sense of responsibility to honor his legacy.”

Icertis reported a net profit of Rs 97 crore for the financial year ending March 31, 2024, up from Rs 71 crore in FY23. Its operating revenue grew 33% to Rs 863 crore in FY24, compared to Rs 649 crore in the previous year.