# Minhaz Lokhandwala

> Minhaz Lokhandwala is the Singapore-based founder and CEO of Novosol, the company behind moLotus, a mobile video advertising and customer interaction platform. His public career spans software management, telecom projects, mobile publishing through Funpack, and operator partnerships across Asian markets and Saudi Arabia.

- **Role:** Founder & CEO at Novosol
- **Organizations:** Novosol, PBS Software, Pyramid Business Systems, McKinsey, Hewlett Packard
- **Education:** MBA, Marketing and Finance, Rice University, Jones Graduate School of Business, Bachelor's degree in Physics, Diploma in Project Management, Indian Institute of Management Ahmedabad, Diploma in Structured Software Development and Architecture
- **Known for:** Founded Novosol and leads the business behind moLotus., Developed the Funpack mobile publishing and advertising business., Built a mobile operator partnership strategy that includes the announced Indosat iAds-MGram collaboration.

## Career timeline

- **1991** — A former colleague recalls working for him at Pyramid Business Systems.
- **Early 2000s** — Novosol traces its origins to his work on telecom projects in Asia and Latin America, including 3G networks and mobile content.
- **2006** — The 2015 interview dates the beginning of his Novosol venture to 2006.
- **2007** — Novosol Pte. Ltd. was incorporated in Singapore on 24 April, according to YourStory’s company profile.
- **2015** — Discussed Funpack’s entertainment, advertising, opt-out and reporting model in an interview published on 5 April.
- **2019** — Novosol announced that total funding raised had reached US$7 million.
- **2021** — Indosat Ooredoo launched iAds-MGram in collaboration with Novosol, powered by moLotus.
- **2022** — moLotus announced a strategic partnership with Saudi Excellence Company.
- **2024** — Novosol’s US$10 million Series B was reported in February, with investment from Singapore and UK family offices.

## Achievements

- Founded Novosol and leads the business behind moLotus.
- Developed the Funpack mobile publishing and advertising business.
- Built a mobile operator partnership strategy that includes the announced Indosat iAds-MGram collaboration.
- Led Novosol through the period of its reported US$10 million Series B in 2024.

## Latest updates

- **2024-02** — Novosol’s US$10 million Series B was reported, with proceeds intended for expansion and further development of moLotus.
- **2023-09** — Published a LinkedIn article sharing commentary about Microsoft Copilot on 27 September.
- **2022-06** — moLotus’s strategic alliance with Saudi Excellence Company was announced.

## Links

- Website: https://www.novosol.biz/
- LinkedIn: https://sg.linkedin.com/in/minhaz

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Profile page: https://yespress.io/minhaz-lokhandwala
Published by YesPress — https://yespress.io
Last updated: 2026-10-12