DMI Finance Private Limited (DMI Finance), the Non-Banking Financial Company (NBFC) arm of the DMI Group, announced the appointment of two senior executives to its leadership team. Niraj Khandelwal has been named Group Chief Financial Officer (Group CFO), and Rachit Gupta will serve as Group Treasury Head. These appointments are subject to requisite approvals and are part of DMI’s strategy to enhance its operational and strategic capabilities as it continues its expansion in the financial services sector.
Niraj Khandelwal, as Group CFO, will play a crucial role in aligning the company’s finance, accounting, and taxation functions with strategic goals. He brings over 26 years of experience in banking and financial services, with expertise in strategy, planning, budgeting, accounting, and financial analysis. Khandelwal’s previous roles include senior positions at Credit Suisse, IL&FS Investsmart Ltd., and JM Morgan Stanley Direct.
Rachit Gupta, in his role as Group Treasury Head, will oversee the company’s fundraising, cash flow, and liquidity management, in addition to asset-liability management and banking transactions. He will also focus on building strategic relationships and ensuring regulatory compliance. With more than 20 years of experience across the banking and financial services sectors, Gupta previously held key positions at Sumitomo Mitsui Financial Group, Edelweiss Financial Services, and Power Finance Corporation, where he contributed to various treasury and finance initiatives.
Shivashish Chatterjee, Co-Founder of the DMI Group said: “We are excited to welcome Niraj and, Rachit to our leadership team. Their extensive experience and deep understanding of the financial sector will significantly strengthen our operational capabilities and ensure that we continue to scale efficiently. At a time when the financial services landscape is rapidly evolving, having leaders with such expertise will ensure that DMI remains agile and competitive.”
Yuvraja C. Singh, Co-Founder of the DMI Group said: “These strategic appointments to our senior management team align with our long-term growth objectives. As we continue to innovate and expand, their leadership will be crucial in enhancing our financial and treasury operations while also building strong relationships with stakeholders. We are confident that they will play a pivotal role in driving DMI’s next phase of growth”
These appointments mark a significant step in DMI Finance’s growth journey as it strengthens its leadership team to support its ongoing expansion in the financial services market.
