Appointment of Mukund Barsagade as Group CFO at Lendingkart

Lendingkart, a fintech firm headquartered in Ahmedabad, made an announcement on April 24, 2024, regarding the appointment of Mukund Barsagade as its Group Chief Financial Officer (CFO).

Transition and Background

Mukund Barsagade assumes this role following his tenure as the CFO of Paytm Payments Bank, a position he left due to regulatory challenges necessitating the scaling down of services. With a robust 28-year track record spanning the BFSI and IT sectors, coupled with significant roles in various financial institutions, Barsagade emerges as a fitting choice for Lendingkart.

Roles and Responsibilities

In his new capacity, Barsagade will spearhead Lendingkart’s Finance, Capital Markets, Legal, and Secretarial functions, tasked with steering the company’s growth trajectory and optimizing internal leadership dynamics.

Statement from Mukund Barsagade

Expressing his enthusiasm for the new role, Barsagade highlighted the burgeoning opportunities in the lending technology space for MSMEs. He underscored the excitement of joining Lendingkart, a leading entity in this domain, and pledged to collaborate with the team to advance the company’s mission of streamlining financial processes for MSMEs nationwide.

About Lendingkart

Established in 2014, Lendingkart has emerged as a prominent provider of financial solutions tailored for micro, small, and medium enterprises (MSMEs). The firm facilitates working capital loans through collaborative partnerships with banks and its non-banking financial arm. To date, it has disbursed over 2.3 billion USD in loans, extending its reach to more than 4,100 cities across India.

Endorsement from Lendingkart CEO

Harshvardhan Lunia, Founder and CEO of Lendingkart, lauded Mukund Barsagade’s wealth of experience and leadership prowess. Lunia emphasized Barsagade’s strategic acumen and vital role in elevating Lendingkart’s performance, affirming the collective commitment to realizing the company’s growth potential.