Veefin Solutions , a global leader in Working Capital Technology, has announced the appointment of Sorabh Dhawan as the Chief Executive Officer of PSB Xchange. This strategic move aims to bolster the leadership of one of India's most impactful digital credit platforms, marking a significant step in the national-scale digital credit transformation.

A Seasoned Leader at the Helm

Sorabh Dhawan brings over 18 years of experience to his new role, with a rich background spanning banking, digital lending, operations, and transformation. His career includes notable stints at prestigious financial institutions such as Kotak Bank, Aditya Birla Finance, and HDFC Bank. Prior to joining PSB Xchange, Dhawan served as the Chief Executive Officer of SG Finserve Limited, where he successfully established an NBFC from the ground up, making it a prominent name in the Supply Chain Finance industry.

PSB Xchange: Powering India's Digital Credit Infrastructure

PSB Xchange plays a crucial role in India's financial landscape as a central digital rail connecting Public Sector Banks, financial institutions, and millions of customers. The platform supports:

• High-volume digital credit flows
• Interoperability across institutions
• Standardized, compliant, and transparent processes
• Long-term digital transformation of India's PSB ecosystem

Veefin Solutions has been entrusted with the exclusive mandate to build and operate PSB Xchange under a long-term contract awarded by PSB Alliance, representing all Public Sector Banks in India.

Leadership Perspectives

Raja Debnath, Co-founder of Veefin, emphasized the national importance of PSB Xchange, stating, "PSB Xchange is a national responsibility, and Veefin is honoured to be entrusted with this exclusive mandate from PSB Alliance. Sorabh's appointment strengthens our mission to scale this platform to its full potential and deliver long-term impact across India's banking system."

Sorabh Dhawan, in his new role as CEO of PSB Xchange, expressed his commitment: "I am honoured to lead PSB Xchange at such a transformative stage. Veefin has built one of India's most trusted digital lending infrastructures, and I look forward to driving its next phase of growth, expansion, and nationwide impact."

Veefin's Strong Market Position

The appointment comes at a time when Veefin Solutions is experiencing significant growth and expansion. Recent financial results highlight the company's strong market position:

Veefin's product portfolio has expanded beyond Supply Chain Finance, with growing demand for Trade Finance, Cash Management, and Corporate & Retail Internet Banking solutions.

As Veefin Solutions continues to innovate and expand its global footprint, the appointment of Sorabh Dhawan as CEO of PSB Xchange marks a significant milestone in the company's journey to revolutionize digital credit infrastructure in India and beyond.

Veefin Solutions , a global software provider for banks and NBFCs, has reported a 108% year-on-year revenue growth in the first half of fiscal year 2026, driven by its supply chain finance business and expansion into multiple enterprise banking products.

Strong Financial Performance

The company's core supply chain finance business continues to be a significant contributor, generating EBITDA margins of 54%. This performance has enabled Veefin to fund its ongoing IP creation and expansion into new product lines.

Expansion into New Banking Products

Veefin has expanded its product portfolio beyond supply chain finance, now offering six enterprise-grade banking products:

1. Trade finance
2. Cash management
3. Corporate internet banking
4. Retail internet banking
5. Loan Management System (LMS)
6. Collections

This diversification strategy aims to position Veefin as a comprehensive multi-product technology provider in the banking sector.

PSBXchange Platform Progress

A key highlight of Veefin's growth strategy is the PSBXchange platform, which the company describes as the "jewel in Veefin's crown." The platform is targeting transaction approvals of Rs. 3,000-3,500 crores by the end of the fiscal year. This initiative is expected to contribute to Veefin's revenue stream in the coming years.

Global Expansion and Pipeline

Veefin's global expansion efforts have resulted in a qualified pipeline of $45.00 million across 85 deals in 24 countries. This diverse geographical presence underscores the company's growing international footprint.

Future Outlook

Raja Debnath, Managing Director and Co-Founder of Veefin Solutions, expressed optimism about the company's future, stating, "We are well set to be India's first multi-product technology product company in the BFSI space." The company's focus is on building a comprehensive suite of banking products on a single technological chassis.

Conclusion

Veefin Solutions' performance in H1 FY26 demonstrates the progress of its multi-product strategy and global expansion efforts. As the company continues to innovate and expand its product suite, it aims to capitalize on the demand for advanced banking technology solutions worldwide.