TransUnion CIBIL has appointed Rajesh Kumar as the Managing Director and CEO, who will be taking over from Satish Pillai who was recently appointed as the President of TransUnion’s Asia region, and will be responsible for operations in Hong Kong, the Philippines, and India.
Before his work at TransUnion CIBIL, a leading insights and information company in India, Rajesh worked at HDFC Bank in the role of Group Head for Retail Credit and Risk. He was an instrumental part of the leadership team and helped conceptualize, manage, and grow the bank’s retail credit portfolio that consisted of consumption loans, commercial loans, and vehicle loans along with the payment business of the bank. With about 20 years of experience with HDFC Bank, Rajesh played a crucial role in expanding the bank’s lending book to $50 Bn and leading teams of more than 3,000 bank officers.
“As TransUnion CIBIL continues to support India’s market towards enhancing trust, expanding access to credit and enabling greater customer experience, Rajesh Kumar brings vital leadership and expertise to our business,” said Satish Pillai, President, TransUnion Asia region. “His deep rooted experience in helping build one of India’s most successful retail credit business at HDFC Bank gives Rajesh great insight into better serving our clients and driving growth of our credit information infrastructure, insights, products, and solutions for the benefit of all.”
Rajesh will be incharge of taking TransUnion CIBIL’s business growth to the next level and leverage the full extent of TransUnion’s offerings to India. In his role as the Managing Director and CEO, he will be guiding the company’s business to support India’s finance industry and consumers.
“These are very exciting times for India’s financial sector as insights based and innovative financial products are reaching and increasing broader customer base across geographies,” said Rajesh Kumar, adding that he plans to drive opportunities for the Indian financial sector in his role at TransUnion CIBIL.
The change in leadership at TransUnion CIBIL, points towards a more targeted outlook towards the future of work and the financial sector in India and the Asia region at large. As the company eyes the Asia region to expand its stronghold, the combined leadership of Satish Pillai and Rajesh Kumar will pave the way forward for the organization as a whole to make a mark on the financial sector.