Jayesh Jain has been named as the Group Chief Financial Officer (CFO) of Balancehero India, the driving force behind one of India’s premier digital lending apps, TrueBalance. Jayesh Jain joined Balancehero after serving as Chief Financial Officer at Hero FinCorp and PNB Housing, as well as a key leader at Gruh Finance. He brings over two decades of great financial leadership experience to the Balancehero India team.
His broad expertise in the financial sector includes notable achievements such as leading the IPO of PNB Housing Finance, which raised Rs. 3,000 crore, and capital worth Rs. 4,000 crore for Hero FinCorp. Jayesh Jain will be responsible for boosting Balancehero’s growth trajectory in his new capacity as Group CFO.
Regarding the appointment, Souparno Bagchi, Group Chief Operating Officer (COO) at Balancehero, expressed his enthusiasm, stating, “We are truly delighted to welcome Jayesh as the Group CFO of Balancehero. We eagerly look forward to an exciting and mutually rewarding journey with him as we continue our mission of ‘Finance for All.’ Together, our commitment remains steadfast in making financial inclusion a reality for all.”
Jayesh Jain, the recently appointed Group Chief Financial Officer (CFO) of Balancehero, stated, “I am delighted to become a part of the Balancehero team. I look forward to contributing to the company’s extraordinary vision of delivering cutting-edge innovative financial solutions to its target group. It’s a privilege to be a part of a mission that positively influences the financial lives of the next billion population in our country and foster financial inclusion across the nation.”
Balancehero India, a wholly-owned subsidiary of Balancehero Pvt. Ltd. Korea has experienced unprecedented success in recent years. In the fiscal year 2020-23, the company’s net earnings more than tripled to Rs. 58.8 crore, a 17-fold increase. Concurrently, its revenue from operations increased significantly, rising from Rs. 244 crore the previous year to an astonishing Rs. 431 crore during the same time. Balancehero has successfully established itself as a leading participant in India’s digital lending sector, focused on meeting the credit needs of underserved and unserved areas.
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