The global engineering services market was valued at USD 3.26 trillion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2030. Visionary leaders have been pivotal in shaping this rapidly expanding sector, driving it forward with fresh ideas and innovative solutions. They have tackled key challenges such as sustainability and technology integration while facilitating growth and improvements across the industry. By adopting innovations such as virtual validation, AI automation, and better product design, these leaders have set new standards for collaboration and customer results, encouraging businesses to adapt and thrive in a changing world.
Narayan Tosur, CEO and Managing Director of Praxien Tech Pvt Ltd, has played a crucial role in the company’s impressive growth and success. Under his leadership along with the help of other partner Ms Jyoti N Tosur , Praxien Tech has expanded its reach across industries including automotive, aerospace & Defence, energy, Semiconductor, Industrial and Consumer, establishing itself as a trusted name in engineering services. Narayan has guided the company’s strategic direction, placing a strong emphasis on innovation and a customer-first approach. His leadership in advancing technologies like Smart Products, Virtual Validation of products, AI-based solutions, EV battery modelling, and rapid prototyping has significantly improved client satisfaction and strengthened Praxien’ s position as an industry leader.
Personal and Professional Journey
Narayan Khemanna Tosur is an Indian entrepreneur and the Managing Director & CEO of Praxien Tech Private Limited, a company specializing in IT and engineering services. With over 27 years of experience, he has worked with industry leaders such as General Electric, Satyam, Tech Mahindra, Electronica, Global Energy Players from Europe, USA, Global Rail Transportation players and Top Global Semiconductor OEMs etc. Mr. Tosur is married to Jyothi Narayan Tosur, who is also a director at Praxien Tech Private Limited and the couple has two daughters: Rutuja N Tosur and Ruchita N Tosur, both are studying Engineering. The family resides in Bangalore, Karnataka, India
Narayan Tosur comes from small village Kerwad near Haliyal, Uttara Kannada district in Karnataka from a small farmer family. He studied till 4th Standard at his village and he needed to walk 3 KM to Haliyal for further studies from 5th Standard. He needs to go to Dandeli 20KM from Haliyal for further pre University 11th Standard and 12th Standard. Further did an Engineering Degree at Gogte Institute of Technology Belgaum around 70KM from my village.
Narayan Tosur’s professional journey started with a deep passion for innovation and problem-solving, which led him to pursue a business career. Over the years, he gained valuable experience in various roles, learning about market dynamics, customer needs, and operational challenges. A key turning point in his journey occurred when he recognized the potential to create meaningful change by combining his skills with a focus on local empowerment. This realization motivated him to enter the sector he is in today, where he could build a successful business while positively impacting communities, especially through job creation and educational opportunities for youth focused toward rural areas.
Narayan Tosur’s Leadership Philosophy
Narayan says that leadership has evolved in recent years to be more adaptive, inclusive, and collaborative. He highlights that the rise of remote work, digital transformation, and a growing focus on diversity and sustainability have reshaped leadership styles. According to Narayan Tosur, the essential qualities for a leader to thrive in today’s competitive environment include emotional intelligence, adaptability, effective communication, empathy, and the ability to foster innovation and inclusivity. He also emphasizes the importance of strong decision-making and a purpose-driven leadership approach.
Overcoming the Complexities of Business Scaling
Throughout his journey, Narayan faced numerous challenges that contributed to his growth. One of the biggest hurdles was managing the complexities of scaling the business while ensuring quality and customer satisfaction. Adapting to market changes, such as technological advancements and evolving customer expectations, also required continuous innovation. Another challenge was managing a diverse team and aligning everyone with the company’s vision. Despite these obstacles, each experience provided valuable lessons in resilience, adaptability, and leadership, ultimately strengthening his ability to lead the company forward and overcome adversity.
Leaders Who Empowered Narayan Tosur
Around 1999, Spent 4+ years at USA for General Electric Company, returned to India to do something for Rural Youth towards Education and Employment at Rural
Praxien Tech Private Limited, established in 2016 and based in Bangalore, Karnataka, is a professional services company specializing in a broad spectrum of engineering solutions with around 250+ Engineering team.Since both Narayan Tosur and Jyoti Tosur from Haliyal has started Praxien rural office at Haliyal to provide job opportunity to rural youths so that they can stay with their parents and be part of rural growth and being their they can take care of their parents and be connected with family and local community.
- Praxien Haliyal Branch: In 2019, we opened our branch in Haliyal, where we have trained and hired over 70+ engineers, many from the local community, a backward community in the region. All are local Engineers. We made a HR policy to ensure our local Employees stay with their parents or Parents should stay with them. Finally they should take care of their parents. We are truly working for Local to Global and be part of India growth. Giving opportunity to Haliyal youth towards the approach of giving back to society and their hometown.
- Youth Empowerment: We have provided training and placement to over 1,300 rural youth from Below Poverty Line (BPL) families, including 10th and 12th pass or fail students. All of them are college dropouts due to bad habits, distance between village and collage, due to financial reasons etc
- Tribal and Backward Communities: Nearly 50 youth from the Siddi tribal community in Uttara Kannada, and more than 50 youths from the Banjara community, have been trained and employed.
- Rural Women Empowerment: 65% of the 1,300 rural youth we’ve helped are women. By providing them with training and employment opportunities, we are empowering them to avoid early marriage and build a better future. All of them are from rural BPL family background.
- Career Counselling and Technology Awareness: We offer career counselling to rural 10th and 12th grade students, along with awareness programs on technology trends for BCA, MCA, and BE students around 20+ Institutes.
- Skill Development: We conduct skill and communication training to improve the employability of rural youth.
- Farmer Education: We provide training to farmers on organic farming techniques and the use of technology in agriculture.
- Support for Engineering Students: We offer technical and soft skill training to engineering students from rural colleges, enhancing their career prospects.
- Community Involvement: Praxien employees are actively involved in the Swachh Bharat initiative, and we also provide computer education to rural government school students.
- Identification of Unemployed youths through JOB Fairs with the help of local bodies, we have conducted almost 70+ Job Fairs across 6 districts and 70+ Talukas
Our ultimate goal is to inspire rural youth to follow a similar path—becoming job creators rather than job seekers. We believe that by staying locally after their education, they can contribute to the development of their communities, support their families, and create employment opportunities for others
Sridhar Vembu, the CEO of Zoho, serves as a great inspiration to many. His journey from humble beginnings to building a global software empire is truly motivating. What makes him stand out is his commitment to creating job opportunities in rural areas, particularly by establishing Zoho’s headquarters in a village. This initiative has contributed to the development of local communities and has also proven that innovation and global success can originate from rural India. His vision for rural empowerment and dedication to serving customers worldwide make him a role model for aspiring entrepreneurs and leaders.
In addition, Our rural Farmers are the real Heros and Jack Welch, the former CEO of GE, also serves as significant role models. Farmers inspire with their hard work, resilience, and deep connection to the land, showcasing how perseverance and adaptability lead to success, even in difficult conditions. Their ability to nourish the land and their communities is truly admirable. Jack Welch’s leadership at GE is another powerful example of leading by example. His focus on innovation, growth, and talent development transformed GE into a global powerhouse, and his hands-on, visionary approach continues to guide the journeys of many business leaders.
Expanding Brand Presence
As the head of the company, Narayan focuses on driving profitable growth by fostering strong customer relationships and delivering value. He oversees the company’s sales and marketing strategies to broaden its reach and enhance its brand presence. Narayan also keeps a close eye on the company’s financial health by tracking accounts and performance metrics. His role involves making strategic decisions, guiding the team, and ensuring alignment with long-term goals while maintaining operational efficiency and excellence across all departments.
Key Milestones
Throughout his journey, Narayan Tosur has achieved several key milestones. He successfully guided the company through significant growth, expanding its market presence and enhancing customer satisfaction. One of his proudest moments was developing innovative solutions that directly addressed customer pain points, resulting in increased loyalty and market share. He also played a vital role in building a strong, cohesive team and nurturing a company culture centered on transparency and care. Another significant achievement was the company’s contribution to local communities through job creation, particularly for rural youth, providing them with sustainable opportunities. These accomplishments highlight Narayan’s dedication to business success and social impact.
Narayan’s Recognitions
- He was honored with the “Achievers of Karnataka-2019” Award from Vijay Karnataka, Times of India Group.
- Narayan serves as an esteemed member of the Advisory Council for Skill Development Center at Visvesvaraya Technological University, India.
- He is also a member of the Institution Level Innovation Council (IIC) at Vishwanath Rao Deshpande Institute of Technology, India.
- 2023 Engineer’s Day Recognition by Karnataka Chamber of Commerce for my contribution toward Employment generation across North Karnataka
- In 2024 received Fastest Growing award as “ Bangalore Achiever Award 2024”
- In 2024, received “Rainbow Social Impact Award” for my contribution towards social activities
- In 2024, received “Basava Puraskar Award 2024” & “ Nari Samman Award 2024” to both Praxien Directors Narayan Tosur ^ Jyoti Tosur respectively from Basava Parishat Karnataka
- In 2024, Received “Engineering Excellence Award 2024” from Vistara Media & Public Net for outstanding excellence in Engineering.
Adapting to Industry Trends
Narayan stays updated with evolving market dynamics by reading extensively and keeping informed about industry trends and challenges. He focuses on understanding customer pain points and continuously developing solutions to address their needs. Additionally, he remains politically aware, locally and globally, recognizing that political shifts can significantly impact business landscapes. By combining industry knowledge, customer insights, and global awareness, Narayan ensures that his approach remains relevant and adaptable in a constantly changing market.
Strengthening Employee Bonds and Community Spirit
Narayan Tosur believes in treating his employees like family, creating an environment where transparency and care are prioritized. By being open about company goals and challenges, he builds trust and ensures that every employee feels valued. He encourages his team members to actively support their families, helping to strengthen the bonds within their households. This approach fosters a culture of empathy and mutual respect, where employees feel supported professionally and personally. As a result, it enhances loyalty and promotes a strong sense of community and teamwork within the company.
Work-Life Balance
To maintain a healthy work-life balance, Narayan Tosur prioritizes setting clear boundaries, managing his time efficiently, and ensuring time for self-care and family. He believes it’s crucial to unplug from work and engage in activities that help recharge him, whether it’s spending time outdoors or with loved ones. Outside of work, he is passionate about traveling to explore different cultures and connect with new people. He is committed to working with tribal communities to improve their education systems and create sustainable employment opportunities for their youth. Additionally, Narayan advocates for generating local employment so that educated youth can remain in their communities, support their families, and contribute to local development, helping preserve family ties and cultural heritage.
Aspiring Leaders
Narayan Tosur says, “For young business leaders aiming to succeed, the key is to prioritize continuous learning. Pursuing higher education to gain essential skills and knowledge can help set them apart in a competitive environment. Once they’ve acquired the necessary expertise, they should consider returning to their hometowns to start businesses that benefit themselves and create opportunities for local talent. By offering jobs to local people, they can contribute to the growth of their community, taking it from local to global and creating a ripple effect of positive, sustainable change.”
Commitment to Innovation and Client Success
Praxien Tech is committed to delivering innovative solutions that foster growth and success for its clients. With a forward-thinking approach, the company focuses on providing tailored services that address unique challenges across diverse industries. Praxien Tech’s vision and mission reflect its unwavering dedication to continuous improvement, excellence, and long-term value creation.
- Vision: Praxien Tech is focused on ensuring client success through collaborative efforts, enhancing insights, and executing with the highest level of excellence.
- Mission: The company aims to partner with clients to identify and seize new opportunities, driving sustained business performance and fostering long-term success for all stakeholders.
Praxien Tech’s Unique Value Proposition
Praxien Tech, established in 2016 and based in Bangalore, Karnataka, is a professional services company specializing in a broad spectrum of engineering solutions.
Its offerings include:
- Virtual Validation: Providing Computer-Aided Engineering (CAE) services for product functionality validation, root cause failure analysis, and design optimization.
- EV Battery Modeling and Simulation: Developing coordinated modeling and simulation for electric vehicle battery designs, addressing the complexities of multi-domain physical systems.
- New Generation Product Design: Assisting clients in rapidly launching and developing new products to meet evolving business requirements.
- EV Technologies: Praxien drives innovation in EV technologies by providing cutting-edge solutions for battery management, Cell Design Analysis & Optimisation and energy efficiency
- Smart Factories: Praxien’s customizable solutions provide scalable and secure systems that align with the unique needs of SMART factories, driving innovation and sustainable growth in the engineering industry..
- Smart Devices/ Connected Devices: Engaging with industries like Automotive, Industrial, power generation, and mining to provide solutions towards Smart Devices & Connected Devices.
- Digital Manufacturing: Praxien empowers digital manufacturing by integrating smart technologies that optimize production workflows, reduce waste, and enhance precision in engineering processes.
- Semiconductor (VLSI & Manufacturing): Praxien provides advanced solutions for VLSI design and semiconductor manufacturing, enabling optimized chip development and faster time-to-market
- Software Automation: Providing test automation services with expertise in tools like Selenium, RPA, and Katalon Studio, supported by strong functional and coding backgrounds.
Praxien Tech distinguishes itself through a team of passionate engineering professionals with extensive experience working with global customers and Fortune 500 companies. Their commitment to closely collaborating with clients to address challenges and exceed expectations sets them apart in the industry. Additionally, their comprehensive range of services across various domains—including semiconductors, medical devices, consumer appliances, electric vehicles, rail transportation, automotive, aerospace, energy, and telecom—demonstrates their versatility and depth of expertise.
Customer Testimonials
Praxien Tech takes great pride in the positive feedback and testimonials received from its valued customers. Clients often highlight the company’s ability to provide tailored engineering solutions, with a focus on technical expertise, timely delivery, and a strong commitment to quality. One customer mentioned, “Praxien’s team exceeded our expectations by solving our immediate challenges and offering innovative insights that improved our product performance.” Another client shared, “Their collaborative approach and dedication to understanding our needs make them a trusted partner in our journey.” These testimonials reflect the company’s dedication to excellence and its mission to build lasting partnerships by consistently delivering impactful results.
Vision for the Future
In the future, Praxien Tech plans to expand its offerings with a strong focus on AI-based products and solutions for global customers. By utilizing advanced artificial intelligence technologies, the company aims to provide innovative tools and services that improve automation, streamline processes, and tackle complex engineering and business challenges. These solutions are expected to help industries across various sectors make smarter decisions, boost efficiency, and achieve scalable growth. With a commitment to staying at the forefront of technological advancements, Praxien is positioning itself to lead in AI-driven innovation.
5 Powerful Business Principles from Narayan Tosur
- Innovate for Growth: Continuously drive innovation to solve challenges and meet customer needs.
- Customer First: Focus on tailored solutions that build strong, lasting relationships.
- Adapt and Resilience: Stay flexible and embrace change to navigate challenges.
- Empower Teams: Foster a culture of transparency, care, and inclusivity for a motivated workforce.
- Purpose-Driven Leadership: Make decisions that benefit the business and the community.
