Ahmedabad-based fintech firm, Lendingkart has delightfully declared that, Mukund Barsagade will take over the responsibility as Group Chief Financial Officer (CFO). He was the former CFO of the Paytm Payments Bank from which he resigned after the bank faced regulatory issues requiring it to wind down most of its services.

His vast experience of 28 years in the fintech industry across  BFSI and IT sectors. He also worked several prominent financial institutions in reputed posts, so the decision of appointing him as CFO will be strategically beneficial for the company.

In the new role Mukund will lead Lendingkart’s Finance, Capital Markets, Legal, and Secretarial functions. He will be sole responsible for steering the company’s growth phase and optimizing the leadership dynamics within the organization.

Mukund Barsagade is very excited and delighted about his new role in the company and promised to emphasize the compays opportunities in the lending tech space for MSMEs.

He quoted, "The lending tech space for MSMEs is a fast-growing opportunity, and joining Lendingkart, which is a leader in the space, is extremely exciting. I look forward to working with the team, and together, we will surely aid in achieving the company’s goal of simplifying finances for MSMEs across the country."

The company Lendingkart was founded in 2014, and since then the company has showed a significant growth in delivering financial solutions to micro, small, and medium enterprises (MSMEs). They provide working capital loans through co-lending partnerships with banks and its non-banking financial company. It has disbursed over $2.3 billion in loans, reaching over 4,100 cities across India.

The founder and CEO of Lendingkart,Harshvardhan Lunia showed his excitement about this new appointment and said, “Mukund’s deep financial and business experience, strategic acumen, and leadership qualities make him a vital addition to our team. He will be critical in helping to drive the step-up in Lendingkart’s performance that we are all determined to deliver. We look forward to working with him to deliver the action plan we have set out to drive our growth and realize our potential.”

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