Northern Arc Group appoints Ashish Mehrotra as MD -; CEO

30 Mar 2022 , 09:57 AM

Northern Arc Capital Ltd., a diversified NBFC and a leading digital debt platform, announced the appointment of Ashish Mehrotra as the Managing Director (MD) and Chief Executive Officer (CEO) of the Company, effective April 01, 2022. Ashish will also serve as the Non-Executive Chairperson of Pragati Finserv, the microfinance subsidiary of Northern Arc Group and is the member of the board for Northern Arc Investment Managers, that houses our Alternate Investment Fund and Portfolio Management Service.

Ashish has over 25 years of experience across Retail & Commercial Banking, Wealth Management, and Insurance. In his last role, he was the MD & CEO of Niva Bupa Health Insurance (previously known as Max Bupa Health Insurance). Before that, Ashish spent over 20 years at Citibank. He was previously a Managing Director and also the Retail Bank Head for Citibank India.

Dr. Kshama Fernandes will continue to be a part of the organization as a Non-Executive Director and designated as Non-Executive Vice Chairperson with effect from April 01, 2022.

Mr. P. S. Jayakumar, Non-Executive Independent Director and Chairman, Northern Arc Capital Ltd., said, “I am delighted to welcome Ashish Mehrotra as the MD & CEO of Northern Arc Capital. His experience and track record of leading institutions across the BFSI sector will help us envision and execute the strategic roadmap for a Northern Arc 2.0, where we aim to create an organization with deep competitive moats that will be digital, and data driven.”

The Company’s shareholders include IIFL, LeapFrog, Augusta, Eight Roads, Dvara Trust, Accion and SMBC.

Commenting on this transition, Dr. Kshama Fernandes, said, “During my journey at Northern Arc Capital, we have focused on building a robust digital debt platform serving the underserved households and businesses. I am delighted to welcome Ashish Mehrotra as he takes over to build Northern Arc 2.0 into a holistic, technology-first financial services platform.”

Commenting on his new role, Ashish Mehrotra, said, “I am excited to become a part of Northern Arc’s world-class team that has pioneered business models and holds innovation at the core of its DNA. We will aim to further consolidate our position and scale our market leading core businesses. We plan to incubate new-age digital businesses that will serve the next billion and emerging segments. And we will do this by leveraging on our core capabilities and building new competencies across technology, data, and analytics.”

Ashish Mehrotra holds a degree in Master of Business Administration.