Mumbai: Lendingkart Technologies Private Limited, India’s leading fintech company today announced the appointment of Mithun Sundar as the new CEO for Lendingkart Finance Limited,a non-deposit taking NBFC arm of Lendingkart group. Bringing over 15 years of experience, Mithun has vast industry experience in scaling businesses, driving growth, operational strategies and delivering significant top and bottom-line impact.
Coming from a Data led environment with high tech and product understanding, Mithun Sundar has worked with best companies like PepsiCo,Mckinsey and Hindustan Unilever. At Lendingkart Finance, Mithun will bring in his lateral thinking to bolster the next growth phase for the company.
Commenting on the appointment, Harshavardhan Lunia, Co-Founder and CEO, Lendingkart said, “With the Indian MSME sector growing at a rapid pace, there is an increasing need to expand the availability of easy, quick, reliable and collateral free working capital loans across emerging markets. We are excited to have Mithun join the Lendingkart leadership team as the CEO of Lendingkart Finance Limited, our NBFC arm. Mithun brings extensive experience in working with scaling businesses with a proven track record, which we believe will play a pivotal role in driving the next phase of growth for Lendingkart.”
Commenting on his appointment with Lendingkart Finance, Mithun Sundar, CEO, Lendingkart Finance Limited said, “Today, the digital lending industry is growing at an exponential pace successfully empowering Indian MSMEs and entrepreneurs by providing them access to effective working capital. The industry is at an inflection point and Lendingkart is well positioned to maximize its impact in this growing space. Having worked with leading international and home-grown companies at varied growth phases, I look forward to leveraging my experience to help deliver Lendingkart’s vision of being one of India’s most innovative fintech companies providing the easiest and most flexible financial solutions to each and every entrepreneur in the country.”
A senior industry leader, Mithun will join Lendingkart from Myntra.com where he held the position of Chief Marketing and Revenue Officer focused on co-developing and implementing tech driven personalization algorithms for driving growth operations, launching experiments and delivering incremental revenue. Prior to that, Mithun has worked with eminent international organizations including PepsiCo and Mckinsey & Company and Hindustan Unilever where he gained substantial experience in corporate governance to facilitate effective, entrepreneurial and prudent management to deliver long-term success.
Since its inception, Lendingkart Finance (the NBFC arm of Lendingkart Group) has evaluated nearly half a million applications, disbursing 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.