Poonawalla Fincorp Limited (Formerly Magma Fincorp Limited) announced the joining of Gaurav Sharma as its Group Chief Technology Officer (Group CTO).
Gaurav will lead and manage the technology initiatives for the group and further solidify the group’s commitment of creating a world-class digital technology-based platform for financial services, the company said.
Gaurav is a Mechanical Engineer from IIT (Roorkee) and has successfully led technology and its applications to create new business opportunities and solve real-world problems.
He comes with over 25 years of rich experience in driving transformation across various industry domains. He was last associated with L&T Financial Services as Chief Technology Officer and was responsible for leading transformation initiatives cutting across multiple lines of businesses and functions.
He has led the implementation of loan origination systems, collection systems, loan administration systems, business operations, and customer servicing platforms across all retail lending businesses. He has been instrumental in setting up and implementing cloud computing, data lake for advanced analytics, and ERP system along with various other organisation-wide system initiatives. He has also previously worked with Max life as Head of Product Development and TCS as technology lead.
“We are thrilled to welcome Gaurav to the executive team. Gaurav’s true visionary mindset combined with our suite of innovative technology and our continued investment in technology is a step towards our commitment to creating world-class solutions for financial services.
I am certain that his deep and extensive experience spanning across financial services platforms will benefit us immensely as we at Poonawalla Fincorp aim to create a digitally-enabled robust technology-driven financial services platform,” said CA Abhay Bhutada, Managing Director, Poonawalla Fincorp Limited.
Commenting on his appointment, Gaurav Sharma said, “I am excited to join Poonawalla Fincorp and play a role in the digital transformation journey. The digital revolution in financial services is changing the landscape of NBFCs and I am sure technology will be instrumental in the high-growth trajectory that we have envisaged for our businesses. I look forward to drawing from my prior experience and endeavor to guide the business to execute the company’s vision of becoming a leader in financial services.