Gaurav Maheshwari Becomes CFO of InCred Finance

InCred Finance, the consumer and MSME lending arm of the InCred Group, announces the appointment of Mr. Gaurav Maheshwari as Chief Financial Officer (CFO), effective December 16, 2024.

Mr. Maheshwari brings over 27 years of distinguished experience in financial leadership, including more than two decades at Standard Chartered Bank, where he served as Cluster CFO for India and South Asia. His career also includes senior roles at Altico Capital, Reuters India, and Coca-Cola India. A Chartered Accountant and graduate of Sydenham College of Commerce and Economics, Mr. Maheshwari is widely regarded for his strategic acumen and expertise in financial management, governance, and capital optimization.

Bhupinder Singh, Founder & Group CEO of InCred, said, "Gaurav’s deep expertise and proven leadership make him a critical addition to our executive team. His insights will be instrumental in driving business performance, enhancing capital efficiency, and strengthening governance as we continue to scale our operations. I am confident he will play a pivotal role in shaping the next phase of InCred Finance’s growth.”

InCred Finance has cemented its position as a leader in the Indian NBFC space, achieving unicorn status and consistently delivering exceptional financial performance. For FY 2024, the company reported a profit before tax of over INR 420 crore and an industry-leading pre-tax Return on Assets (RoA) of 5.7%. With a loan book exceeding INR 11,000 crore and a network of over 100 branches across India, InCred Finance has enabled credit access for more than 500,000 households, many from underserved communities.