Mumbai: Lendingkart Technologies Private Limited, India’s leading fintech company today announced two key senior appointments as part of its continuing strategy to grow services and outreach – Mohit Bajaj asChief Financial Officer for Group’s NBFC arm, Lendingkart Finance Ltd. and Bharat Aggarwal as the Senior Vice President – Operations.With extensive industry understanding and stellar past experiences, Mohitand Bharat will further aid Lendingkart’s vision of growing its geographical footprint, leadership team and enabling financial inclusion for MSMEs across India.
Commenting on the appointment, Harshvardhan Lunia, Co-Founder and CEO, Lendingkart said, “With the fintech industry and the emerging entrepreneurship spirit in the country growing at a rapid pace, it is becoming increasingly important to fuel this progress and build an exceptional team that will support us in fulfilling our commitment towards empowering MSMEs. We are excited to have Mohit Bajajand Bharat Aggarwal on board and are excited to collectively build our offerings and financial solutions for MSME sector.”
Mohit Bajaj who joins Lendingkart as Chief Financial Officer for Group’s NBFC arm, Lendingkart Finance Ltd, brings an innate understanding of Finance, having spent a considerable time at MediaGuru as their Group Chief Financial Officer. With an experience of over 17 years, Mohit has also worked with Religare Macquarie Wealth Management Ltd., Fullerton Securities & Wealth Advisors Ltd, Actis Global Services, Fortis Healthcare, and Dixon in varying capacities. He specializes in corporate finance, business planning, investor relations, treasury management, core accounting and diverse industry verticals.
Mohit Bajaj, Chief Financial Officer, Lendingkart Finance Ltd. said,“Lendingkart has become a trendsetter in the fintech industry and I am very excited to join field veterans in working towards a common goal of supporting and inspiring MSMEs. In this journey with Lendingkart, I look forward tomanaging thefinance and reporting functions of the NBFC arm, forecasting and strategic planning, reviewing financial data and nurturing relationship with external auditors, lawmakers and regulators.”
Bharat Aggarwal joins Lendingkart as theSenior Vice President – Operationsand brings in 15+ years of experience of working across Consumer, Banking and Financial Services Industry. Prior to Lendingkart, Bharat has worked as NationalManager, Business Loans withBajaj Finance;managed credit and operations for the fintech division of Bajaj Finserv – Bajaj Finserv Direct Limited. Prior to Bajaj, he has worked with HSBC, NetAmbit Broking Ltd and Citigroup in different roles and capacity.
Reflecting on his new role at Lendingkart, Bharat Aggarwal, Senior Vice President– Operations, Lendingkart said, “I look forward to being associated with Lendingkart where I will be responsible for overseeing overall operations, driving teams that work towards the entire customer loan application lifecycle and designing and running scaled operations with a data-oriented approach. I hope to play pivotal role in helpingLendingkart take the next steps in their ambitious journey.”
Over the recent months, Lendingkart has bolstered its India leadership team with key senior appointments of Nagarajan S as their first Chief Risk Officer and Mithun Sundar as the CEO of Lendingkart Finance, the company’s NBFC arm. Under the company’s strong leadership, Lendingkart Finance (the NBFC arm of Lendingkart Group) has evaluated nearly half a million applications, disbursed 76,000+ loans to more than 64,000 MSMEs in 1300+ cities across all 29 states and union territories of the country, making it the NBFC with the largest geographical footprint in the country.