Avanse Financial Serviceschas announced the appointment of Vineet Mahajan as the new Chief Financial Officer of the technologically advanced, education-focused non-banking financial company (NBFC).
“I am thrilled to join Avanse, an organisation with a unique approach towards making education financing seamless and affordable for every deserving Indian student,” said Vineet Mahajan on his new appointment.
He also added that the company has exceptional strengths, a strong business model, robust parentage, and proud history and he is looking forward to work with the team to achieve the organisation’s priorities, accelerate growth and enhance value for our stakeholders.
Vineet brings a wealth of experience to his new role of managing the financial operations of the organisation. He has more than two decades of extensive experience across various segments of the financial industry.
Speaking on the appointment, Amit Gainda, CEO, Avanse Financial Services said, “We are pleased to welcome Vineet to our leadership team. His deep and extensive experience in leading financial operations along with integrated expertise in the domain will enable us to strengthen our leadership position in the education financing space. We are confident that his leadership, finance, and accounting proficiency will benefit Avanse Financial Services and all its stakeholders. We look forward to working with Vineet and successfully implement his in-depth insights in our business of democratizing education and education lending.”
Vineet joins Avanse Financial Services from Aavas Financiers Ltd. where he served as the Treasury Head for almost 2 years. He has also worked with Edelweiss Group for almost 8 years and has successfully managed borrowings and spearheaded multiple debt public issues. As the Chief Financial Officer of the retail finance business of this organisation, he managed the financial operations and compliances. He also worked with renowned organisations such as Lakshmi Vilas Bank, Deutsche PostBank Home Finance Ltd. and more.
Vineet will be expected to play an important role in building a strong franchise across Governance, Compliance, Risk, Liability & Asset positions and create capabilities for the future growth of the organisation. It will be interesting to see how he takes up the challenge of the leading Avanse inot the unchartered waters of post-pandemic markets.