InCred Finance has appointed Gaurav Maheshwari, the former CFO of Standard Chartered Bank, as its new Head of Finance following the exit of Vivek Bansal, who left the company after a six-year tenure to start his own NBFC. Maheshwari brings over two decades of leadership experience, having served in various capacities at Standard Chartered since 2001 and rejoining the bank as CFO in 2020.
InCred Finance, a rapidly growing fintech unicorn, reported a remarkable 162% year-on-year growth for FY24, with a consolidated net profit of ₹316.3 crore. Maheshwari’s deep expertise in financial operations is expected to play a crucial role in guiding the company’s financial strategy and supporting its ambitious growth plans in the competitive fintech space.
The appointment of Maheshwari comes at a time of significant growth for InCred, as the company continues to expand its digital lending, consumer finance, and investment solutions across India. His vast experience in capital management and financial governance is expected to further drive InCred’s efforts to scale its operations and strengthen its market position.
Key Highlights:
- Gaurav Maheshwari, former CFO of Standard Chartered Bank, has been appointed as Head of Finance at InCred.
- InCred Finance reported a 162% increase in consolidated net profit for FY24, reaching ₹316.3 crore.
- The leadership change follows Vivek Bansal’s exit after six years, as he establishes his own NBFC.