Former Meru CEO Nilesh Sangoi has been appointed as Chief Digital Officer and Head of Data Analytics division at Fincare Small Finance Bank.
Before this, Sangoi was the CEO of Meru Cabs from January 2017. He was elevated to the position from that of the founding CTO after his predecessor Siddhartha Pahwa quit the company.
Sangoi had joined the cab company in September 2007. Prior to that, he was working with Star India Pvt. Ltd.
The move comes directly after Mahindra and Mahindra acquired 36.63% stake in Meru Travel Solutions as part of the agreement to acquire 55% stake in the latter last December. The investment is the first tranche as part of its Rs 201.5 Cr deal to acquire 55% shareholding in the radio taxi operator, making it a subsidiary of the homegrown utility vehicles major. The investment also gave M&M the right to appoint a majority of the directors on the Meru board.
It will be interesting to see how Fincare Small Finance Bank is able to leverage Nilesh's vast expertise in its growth journey.