InCred Finance, the consumer and MSME lending arm of the InCred Group, has appointed Gaurav Maheshwari as its Chief Financial Officer (CFO), with the role effective December 16, 2024.
With an illustrious career spanning 27 years in financial leadership, Maheshwari has previously held pivotal roles at Standard Chartered Bank, including Cluster CFO for India and South Asia. His portfolio also includes senior positions at Altico Capital, Reuters India, and Coca-Cola India. A Chartered Accountant and alumnus of Sydenham College of Commerce and Economics, Maheshwari is highly regarded for his strategic expertise in financial management, governance, and capital optimization.
Commenting on the appointment, Bhupinder Singh, Founder and Group CEO of InCred, emphasized that Maheshwari’s deep financial expertise and leadership acumen make him a vital addition to the executive team. He expressed confidence in Maheshwari’s ability to drive business performance, enhance capital efficiency, and strengthen governance as the company scales its operations.
InCred Finance has firmly established itself as a leader in the Indian NBFC sector, achieving unicorn status and demonstrating robust financial performance. For FY 2024, the company reported a profit before tax exceeding INR 420 crore and an industry-leading pre-tax Return on Assets (RoA) of 5.7%. The company boasts a loan book of over INR 11,000 crore and operates through a network of more than 100 branches across India, enabling credit access for over 500,000 households, including those from underserved communities.
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Founded in 2016, InCred Finance is a next-generation NBFC offering a diverse range of lending solutions, including Personal Loans, Student Loans, MSME Loans, and Loans Against Property (LAP). Backed by a strong risk analytics framework and advanced technology, the company ensures efficiency and precision in its operations.
Supported by a distinguished group of investors such as Ranjan Pai, KKR, ADIA, TRS, OAKS, INVESTCORP, Moore Capital, and Elevar Equity, InCred Group also encompasses InCred Capital, an institutional and wealth management platform, and InCred Money, a digital investment platform targeting mass affluent and retail segments.
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