Digital lending platform Indifi Technologies has announced that it has added Maninder Singh Juneja to its board of directors.
In the new role, Juneja will oversee the day-to-day activities of the company along with planning the future course of action for Indifi, the Gurugram-based company said in a statement.
An alumnus of the Indian Institute of Management (IIM), Lucknow, Juneja has over 25 years of experience in the banking and finance sectors.
He is the managing director of Mumbai-based private equity firm True North Managers LLP and has previously worked at ICICI bank for about 15 years, the company added.
Juneja has been involved in developing the overall growth strategies and other broader goals of Indifi as its strategic advisor since 2017.
“We have been closely associated with him for over two years now, and he has been a valuable addition to the team with his far-sighted direction, rich understanding, and diligently-planned strategies. The decision to appoint him in the Board was organic and completely mutual, and we look forward to Indifi setting newer milestones under his able direction,” said Alok Mittal, chief executive officer and co-founder, Indifi.
“In the last two years of my association with Indifi, it is really heartening to see how the company has grown to be one of the most preferred digital lenders for SMEs all across the country. While developments are being made in addressing the financial gap for this ecosystem, going beyond the ‘one-size-fits-all’ approach to truly verticalize and create loan products accordingly will help reach out and extend support to these businesses better...,” Juneja said.
The company has disbursed more than 15,000 loans across 200 cities by leveraging its network of over 20 lenders and 80 partners, the company added.
Indifi Technologies, founded in 2015 by Alok Mittal, Siddharth Mahanot and Sundeep Sahi, enables debt financing for small businesses.
Last month, the company had appointed Sangram Singh, former chief executive officer of Freecharge, as its president.