Avanse Financial Services, a non-banking financial company, announced the appointing of Vineet Mahajan as their new Chief Financial Officer (CFO) on September 27, 2021.
Avanse Financial Services, a technologically advanced, education-focused Non-Banking Financial Company (NBFC) announced the appointment of Mr. Vineet Mahajan as its Chief Financial Officer (CFO). Vineet comes with a strong track record in resource raising , portfolio securitization, balance sheet finalization, budgeting, management reporting, regulatory compliance, asset & liability management and more. He has more than two decades of extensive experience across various segments of the financial industry. He also brings a wealth of experience to his new role of managing the financial operations of the organization.
Vineet Mahajan will play an important role in building a strong franchise across Governance, Compliance, Risk, Liability & Asset positions and will create capabilities for future growth of the organization. He will be based out of Mumbai head office and will drive the financial performance of the organization.
He joins Avanse Financial Services from Aavas Financiers Ltd. where he served as the Treasury Head for almost 2 years. As the Chief Financial Officer of the retail finance business of this organization, he managed the financial operations and compliances. He also worked with renowned organizations such as Lakshmi Vilas Bank, Deutsche PostBank Home Finance Ltd. and more. He has also worked with Edelweiss Group for almost 8 years and has successfully managed borrowings and spearheaded multiple debt public issues.
“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 look forward to working with Vineet and successfully implement his in-depth insights in our business of democratizing education and education lending. We are confident that his finance, accounts and leadership proficiency will benefit Avanse Financial Services and all its stakeholders.” said Amit Gainda, CEO of Avanse Financial Services.
Speaking on the appointment, Mahajan added, “I am thrilled to join Avanse, an organization with a unique approach towards making education financing seamless and affordable for every deserving Indian student,” said Vineet Mahajan. He further added, “I look forward to working with this competent team to achieve the organization’s priorities, accelerate growth and enhance value for our stakeholders. The company has exceptional strengths, a strong business model, robust parentage and a proud history.”
Avanse Financial Services Limited is a new age, education focused NBFC on a mission to provide seamless and affordable education financing for Indian students.