Gaurav Chopra, the chief executive and co-founder of IndiaLends, has been appointed the president of the Digital Lending Association of India (DLAI), an industry body representing over 85 technology-based non-banking financial institutions (NBFCs).
Chopra is one of the nine founding members of the association. Prior to the current role, he held the position of treasurer of the body, DLAI said in a statement.
Chopra has over 15 years of experience in driving business innovation in digital finance, credit analytics and mobile payments across Indian and global markets, the statement said.
“I am honoured and thankful that the association members put their trust in me. I look forward to working closely with the DLAI board in charting out a promising growth path for an industry which is at an inflection point. With our collective efforts, passion and shared entrepreneurial spirit we will be able to make a difference and truly contribute to the India growth story,” Chopra said in the statement.
Chopra, an MBA from the London School of Business, had worked with Capital One, Movanta, i-lend and Penser Consulting before co-founding IndiaLends.
The New Delhi-based IndiaLends, founded in 2014 by Chopra and Mayank Kachhwaha, offers instant loans including personal loans and lines of credit ranging from Rs 10,000 to Rs 50 lakh, credit cards and free credit reports.
Formed in 2016, DLAI works with the government on regulations and policy changes that can impact the digital lending industry.