India: Shantanu Bairagi has appointed CEO of Veefin Capital Pvt Ltd, a subsidiary of Veefin Group, focusing on innovating supply chain finance to aid MSMEs by creating a new asset class.
With over 20 years of experience in banking and finance, Bairagi brings a wealth of expertise to his new role, aimed at driving the company’s growth and innovation.
Bairagi launched his banking career at ICICI Bank, handling corporate coverage and rural distribution setup. He later joined Kotak Mahindra Bank, where he led the corporate banking division and engaged with major Indian conglomerates for notable finance deals. At ADCB, he spearheaded the corporate banking arm in the Indo-GCC region, enhancing ADCB’s India footprint and enabling international trade finance.
In 2018, Bairagi co-founded a factoring NBFC and a supply chain advisory firm recognized for innovative funding structures. The firm introduced India’s first covered Commercial Paper and the first Pass Through Certificate, expanded its assets under management, securitized receivables, and provided substantial support to MSMEs.
Raja Debnath, Chairman of the Veefin Group, commented, “We proudly welcome Shantanu as the CEO of Veefin Capital Pvt Ltd. His vast experience and strategic vision in the banking and finance sector will be invaluable as we continue to innovate and expand our financial solutions. Shantanu’s proven track record in driving growth and transformation aligns perfectly with our goals for Veefin Capital.”
Shantanu Bairagi expressed his enthusiasm for the new role, stating, “I am honored to join Veefin Group to lead its financing vertical and to be part of the Group’s next chapter of growth. At Veefin Capital, we would leverage the Group’s tech prowess and extensive client network to create innovative financial products like securitization of trade assets, thus creating a new asset class for Banks, FI and other debt capital participants.”
