Bengaluru : Mahindra Finance, one of India’s leading Non-Banking Finance Companies today announced two senior leadership appointments viz. Bijoy Thaplial as the Chief Business Officer – Leasing, Partnerships, and Payments and Mod Narayan Singh as Chief Compliance Officer (CCO).
The appointments will reinforce Mahindra Finance’s commitment in driving innovation and customer-centric solutions towards being a preferred financial partner for emerging India.
With over 27 years of experience, Bijoy will lead Quiklyz (the vehicle leasing and subscription business), identify and foster meaningful alliances and strengthen the execution strategy across all payment products. He will focus on advancing leasing strategies, fostering partnerships, and improving payment and lending solutions to drive growth and enhance customer satisfaction.
Bijoy has a career spanning various leadership roles across major financial institutions at Axis Bank, Royal Bank of Scotland, Standard Chartered UAE, HDFC Bank, GE-SBI Cards and INDAL where he consistently delivered strategic growth and operational excellence. He holds a post graduate diploma in management from Symbiosis Institute of Management Studies, Pune, and a Masters in Commerce from Pune University.
Mod Narayan will oversee the compliance function across the organisation and assist the board and senior management in overseeing the implementation of the company’s compliance policy. He joins Mahindra Finance from the Reserve Bank of India carrying over 25 years of experience in areas including regulation and supervision of commercial banks & urban co-operative banks, banking and consumer education and protection. In his previous role, he was associated with Bhartiya Reserve Bank Note Mudran.
His qualifications include a Master of Business Management in International Business from ICFAI & Certified Associate of Indian Institute of Bankers from CAIIB.
About Mahindra & Mahindra Financial Services Limited
Mahindra & Mahindra Financial Services Limited (Mahindra Finance), part of the Mahindra Group, is one of India’s leading non-banking finance companies. Focused on the rural and semi-urban sector, the Company has over 10 million customers and has an AUM of over USD 12.5 Billion. The Company is a leading vehicle and tractor financier, provides loans to SMEs and also offers fixed deposits. The Company has 1,370 offices and reaches out to customers spread over 4,80,000 villages and 7,500 towns across the country.
Mahindra Finance has been ranked 59th among India’s Best Companies to Work 2023 by Great Place to Work Institute.
Mahindra Finance CSR Foundation is a wholly owned subsidiary company, under the provisions of section 8 of the Companies Act, 2013 for undertaking the CSR activities of the Company and its subsidiaries.
Mahindra Rural Housing Finance Limited (MRHFL) a subsidiary of Mahindra Finance provides loans for purchase, renovation, construction of houses to individuals in the rural and semi-urban areas of the country.
Mahindra Insurance Brokers Limited (MIBL) a wholly owned subsidiary, is the Company’s Insurance Broking subsidiary is a licensed Composite Broker providing Direct and Reinsurance broking services.
Mahindra Manulife Investment Management Private Limited acts as the Investment Manager of Mahindra Manulife Mutual Fund.
Mahindra Manulife Trustee Private Limited (MMTPL), acts as a Trustee to Mahindra Manulife Mutual Fund.
Mahindra Ideal Finance Limited (MIFL) is a subsidiary of the Company in Sri Lanka, in which the Company owns 58.2% stake. MIFL focuses on providing a diversified suite of financial services to the Sri Lankan market.
The Company has a Joint Venture in the US, Mahindra Finance USA LLC, in partnership with De Lage Landen, a subsidiary of Rabo Bank, for financing Mahindra vehicles in the US.