Non-Banking Financial Company Fullerton India Credit Company Limited (Fullerton India) has named Ajay Pareek as their Chief Business Officer. As a part of the new role, Pareek will be heading Fullerton India’s core businesses of Rural, Urban, and Digital and the Marketing function.
Prior to this appointment, Ajay was associated with Aditya Birla Finance Ltd, as head retail, consumer, and microfinance businesses. He rejoined Fullerton India after his stint Aditya Birla Finance Ltd. He was associated with Fullerton India for 13 years. Earlier, he worked with Jana Small Finance Bank, where he headed their Retail Financial Services Business; CitiFinancial Consumer Finance Ltd and A.F. Fergusons and Co.
He holds more than 24 years of experience in business planning, strategizing, designing, launching products, managing credit underwriting, and collections while leading large sales and distribution networks.
Speaking on Ajay’s appointment, Shantanu Mitra, Chief Executive Officer & Managing Director, Fullerton India, said, “On behalf of the Fullerton India family, we are happy to welcome Ajay back. He has been a pillar of strength at Fullerton India for over a decade and was critical in sustaining the business and managing Fullerton India’s extensive network pan India. We are certain he will head his departments with ease and assist Fullerton India’s businesses and product portfolios during this tenure.”
On his appointment, Ajay Pareek said, “I am looking forward to my second innings at Fullerton, India. I was a part of the Fullerton India family for a very long time and have always shared a great bond with my colleagues. I am glad to be entrusted with the responsibilities, and I will help strengthen Fullerton India’s business to the best of my abilities.”