Moneyboxx Finance has announced a key expansion to its leadership team with the appointment of Sandipan Thakur as Head of Collections. Bringing over 23 years of extensive experience in debt and receivables management, legal and litigation, as well as process and operational risk management, Sandipan is set to play a crucial role in strengthening the company’s collection strategies.
His expertise spans top NBFCs, including Hiranandani Financial Services Pvt. Ltd., RBL Finserve Ltd., SMFG India (formerly Fullerton India Credit Co. Ltd.), and Citi Financial, positioning him well to lead Moneyboxx’s efforts in optimizing collections across its growing customer base.
In his new role, Sandipan Thakur will be responsible for designing, optimising, and executing robust collection frameworks tailored to Moneyboxx Finance’s expanding footprint in semi-urban and rural India. This strategic hiring aligns with the company’s focus on sustainable growth and maintaining strong portfolio quality as it continues to empower micro and small enterprises in underserved regions.
Co-founder of Moneyboxx Finance, Deepak Aggarwal, welcomed Sandipan to the leadership team, emphasising the importance of his domain expertise. He stated, “We are pleased to welcome Sandipan Thakur to our leadership team. His deep domain expertise in collections strategy, litigation, and operational risk will be invaluable as we continue to strengthen our portfolio and scale sustainably. As we expand our footprint across underserved regions, his leadership will play a pivotal role in enhancing our credit quality and supporting our broader vision of empowering grassroots entrepreneurs through responsible lending.”
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This leadership addition comes at a time of strong business momentum for Moneyboxx Finance, which reported a remarkable 56% year-on-year growth in Assets Under Management (AUM) in Q3 FY25. The company has established a robust presence with over 160 branches across 12 states, including Rajasthan, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Chhattisgarh, Bihar, Gujarat, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu. Moneyboxx Finance focuses on providing small business loans ranging from INR 1 lakh to INR 10 lakh to micro and small entrepreneurs in essential sectors such as livestock, kirana stores, retail traders, and micro and small manufacturers.
