Niyogin Fintech Limited has announced a significant addition to its leadership team with the appointment of Mr. Mahesh Chandankar as the new Head of Credit, effective September 15, 2025. This strategic move, approved by the company's Board of Directors upon recommendation from the Nomination and Remuneration Committee, aims to bolster Niyogin's credit and risk management capabilities.

Expertise and Experience

Mr. Chandankar brings over 13 years of extensive experience in Credit & Risk management across various Banks and Non-Banking Financial Companies (NBFCs). His appointment is expected to enhance Niyogin's credit strategies and risk analytics capabilities.

Strategic Risk Analytics Leader

Described as a strategic risk analytics leader, Mr. Chandankar's expertise spans:

• Machine learning and artificial intelligence applications in finance
• Statistical inference for BFSI (Banking, Financial Services, and Insurance) sector solutions
• Designing credit policies and portfolio management for consumer and MSME products

His experience covers a wide range of financial products, including:

• Credit Cards
• Personal Loans
• Business Loans
• Cash Credit
• Term Loans

Appointment Details

The appointment of Mr. Chandankar as Head of Credit is effective from September 15, 2025. According to the company's disclosure, his term is co-terminus with his employment at Niyogin Fintech Limited.

Company's Perspective

Tashwinder Singh, MD & CEO of Niyogin Fintech Limited, signed off on the appointment announcement, indicating the company's commitment to strengthening its credit and risk management framework. This move aligns with Niyogin's strategy to enhance its capabilities in data-driven financial solutions and regulatory compliance.

Market Implications

The addition of Mr. Chandankar to Niyogin's leadership team could potentially signal the company's focus on:

1. Enhancing risk analytics practices
2. Improving credit policy frameworks
3. Leveraging advanced technologies in credit decision-making processes

As Niyogin Fintech continues to evolve in the competitive fintech landscape, this appointment may be seen as a step towards refining its credit offerings and risk management strategies, potentially impacting its market position and financial performance in the coming years.

Niyogin Fintech Limited, a prominent player in the fintech sector, has announced a significant addition to its leadership team. The company has appointed Hitesh Jain as its new Chief Risk Officer, effective September 26, 2023. This strategic move, approved by the Board of Directors on July 04, 2023, follows recommendations from both the Nomination and Remuneration Committee and the Risk Management Committee.

Expertise and Experience

Hitesh Jain brings a wealth of experience to his new role at Niyogin Fintech. A Chartered Accountant by profession, Jain boasts over two decades of experience in the Financial Service Industry. His expertise lies primarily in Risk Management, Credit, and Operational control, making him a valuable asset to the company's risk management strategies.

Professional Background

Prior to joining Niyogin Fintech, Jain has held positions at several notable financial institutions:

• Fullerton India Credit Company Ltd
• Jana Small Finance Bank Ltd
• Enkash

This diverse experience across various financial entities is expected to provide Niyogin Fintech with a broad perspective on risk management in the fintech landscape.

Qualifications and Certifications

Jain's qualifications extend beyond his Chartered Accountancy. He holds specialized certifications that further solidify his expertise in the field:

• Consumer Business & Strategic Risk Management
• Treasury & Forex Risk Management

These certifications underscore Jain's commitment to staying at the forefront of risk management practices in the rapidly evolving fintech sector.

Terms of Appointment

The company has stated that Jain's appointment as Chief Risk Officer is co-terminus with his employment at Niyogin Fintech Limited. This arrangement aligns the duration of his role with his overall tenure at the company, ensuring continuity in the risk management function.

Niyogin Fintech's decision to bring Hitesh Jain on board as Chief Risk Officer reflects the company's commitment to robust risk management practices. As the fintech industry continues to grow and face new challenges, Jain's extensive experience and specialized knowledge are expected to play a crucial role in navigating the complex risk landscape and supporting the company's strategic objectives.