Gaurav Maheshwari Takes Helm as InCred CFO

26 Sep 2024 , 02:18 PM

InCred Financial, a KKR-backed non-bank financial startup, has engaged Gaurav Maheshwari, Standard Chartered Bank’s chief financial officer, to lead its finance department, according to news reports. Maheshwari, who joined Standard Chartered in 2020, was formerly the finance chief of Altico Capital.

Prior to Maheshwari, Vivek Bansal led the non-bank lender’s finance vertical.

Maheshwari, who was in his second term with the foreign lender, having previously worked there for 17 years in various roles on the financial team. Throughout his 27-year career, he has worked with organisations such as Coca-Cola and Reuters.

Maheshwari earned a Bachelor of Commerce from Sydenham College of Commerce and Economics before pursuing Chartered Accountancy.

Bhupinder Singh launched InCred Financial Services, the InCred Group’s lending arm, in 2016.

InCred Finance provides retail, MSME, and education loans. The company became a unicorn in late 2023 and has a loan book of more than Rs 9,000 crore.

InCred’s equity investors include KKR, ADIA, OAKS, Investcorp, Moore Capital, Elevar Equity, Ranjan Pai, and Gaurav Dalmia, among others.

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