Firm will leverage the former banker’s 25+ years of domain experience to ensure augmented growth strategy direction
Indifi, an NBFC licensed firm and backed by Series C, Omidyar Networks, Accel Partners and Elevar Equity -As Indifi ropes in Mr. Maninder Singh Juneja in its Board of Directors and strengthen its senior leadership ranks. Prior to this Indifi also appointed Mr Sangram Singh as its President.
NEW DELHI, SEPTEMBER 12th, 2019 (GPN) : In a strategic move to optimize its growth trajectory, Indifi Technologies, one of India’s leading lending platforms for SME funding, recently appointed Maninder Singh Juneja in its Board of Directors. Maninder has been actively involved in determining the overall growth strategies and other broader goals of the firm as its Strategic Advisor since 2017. This unanimous decision was taken to further leverage the veteran’s 25+ years of domain experience in overseeing the day-to-day activities of, and directing the policies and future course of action for Indifi.
An experienced managing director with a demonstrated history of working in the banking and finance domain, Maninder is the MD of True North Managers LLP (fka India Value Fund Advisors) at present. Prior to this, he worked in ICICI Bank for 15+ years, handling various responsibilities across roles including that of Retail Assets Head, Retail Risk Manager, and Retail Business Head, to name a few. An IIM Lucknow alumnus, Maninder has a diverse work experience with industry acumen in management, business development and strategy, retail banking, credit analysis, and financial risk, etc. Considering how Indifi is looking to delve deeper in the existing verticals, explore newer verticals, enhance its technological framework, and introduce new products, appointing a seasoned player like Maninder marks an integral step taken towards realizing these growth plans.
Elaborating on his intent to continue associating with Indifi as an independent director, Maninder Singh Juneja, remarked, “In the last two years of my association with Indifi, it is really heartening to see how the company has grown to be one of the most-preferred digital lenders for SMEs all across the country. While developments are being made in addressing the financial gap for this ecosystem, going beyond the ‘one-size-fits-all’ approach to truly verticalize and create loan products accordingly will help reach out and extend support to these businesses better. The value proposition of Indifi is novel and distinctive, and it gives me immense pleasure to be associated with this firm. I hope to make the best of this opportunity through a wholehearted contribution of my ideas, insights, and strategies for a just direction of Indifi’s future growth and expansion plans.”
Commenting on this decision, Alok Mittal, CEO and Co-founder, Indifi said, “As we embark on our next phase of growth and expansion at Indifi, we believe that having an experienced industry insider like Maninder in the Board of Directors will prove to be highly fruitful. We have been closely associated with him for over two years now, and he has been a valuable addition to the team with his far-sighted direction, rich understanding, and diligently-planned strategies. The decision to appoint him in the Board was organic and completely mutual, and we look forward to Indifi setting newer milestones under his able direction.”
Equipped with its core objective of addressing the SME financing gap in India, Indifi has successfully disbursed 15,000+ loans across 12+ industries since its inception, actively leveraging its extensive network of 20+ lenders and 80+ partners. Through this, the firm is not only helping bridge the need-gap but is also playing an instrumental role in driving financial inclusion in India. Leveraging the rich domain expertise of Maninder will prove to be of great advantage for Indifi at this point when the company is making significant moves to tap into newer growth and expansion opportunities.
About Indifi Technologies:
Indifi Technologies is a Gurgaon-based platform for enabling debt-financing for small businesses. It aims to substantially improve the experience for borrowers regarding credit access as well as speed and convenience of the loan process. Driven by the idea of expanding access to MSME financing in India, Indifi has emerged as an enabler for start-ups and small businesses seeking seamless access to funding. Indifi expands the envelope of formal lending by designing the right-fit credit products for MSMEs, improving the standard of risk assessment, and leveraging the supply chain linkages of MSMEs. Indifi works with over half a dozen banks and NBFCs to enable them to lend to such MSMEs. Indifi currently serves over 15,000 customers through its innovative credit offerings.