Shantanu Bairagi Named CEO Of Veefin Capital

Veefin Group has announced the appointment of Shantanu Bairagi as the Chief Executive Officer of Veefin Capital, a subsidiary of the Group, focused on creating a new asset class out of supply chain finance which will benefit the borrowers, specifically MSMEs.

With over 20 years of experience in banking and finance, Bairagi brings a wealth of expertise to his new role, aimed at driving the company’s growth and innovation.

Bairagi began his banking career with ICICI Bank, India’s largest private sector bank, managing corporate coverage and setting up low-cost rural distribution channels. He then joined Kotak Mahindra Bank, playing a pivotal role in establishing its corporate banking practice, initiating relationships with large Indian conglomerates and executing marquee deals in structured receivable finance and debt consolidation. At Abu Dhabi Commercial Bank (ADCB), he created the corporate banking franchise focused on the Indo-GCC corridor, significantly expanding ADCB’s presence in India and facilitating international trade finance and cross-border funding.

In 2018, Bairagi co-founded a factoring NBFC and a supply chain advisory firm known for innovative funding structures in capital markets. The firm pioneered India’s first covered Commercial Paper (CP) and the first Pass Through Certificate (PTC). They expanded its assets under management (AUM), securitised receivables and significantly supported MSMEs.