Credgenics, a provider of advanced loan collections and debt resolution technology solutions for Banks, NBFCs, ARCs, and Digital Lending firms worldwide, today announced the appointment of R. Sridhar as a Strategic Advisor to further strengthen its growth roadmap in the BFSI sector.
The development comes after the company raised $50 million in a Series B round led by WestBridge Capital and Accel.
What will be the role of R. Sridhar?
R. Sridhar, who has an extensive background in financial services and astute acumen in general management, brings an unparalleled depth of knowledge and insights to guide the Credgenics team, according to a release.
The appointment comes at a time when the company aims to further expand its footprint in the financial services industry and explore more innovative use cases in debt management.
As part of the joining, R. Sridhar will assume the role of providing strategic inputs and will empower Credgenics in its quest to strengthen its market presence.
Rishabh Goel, Co-Founder & CEO of Credgenics, said, “We are delighted to welcome Mr. Sridhar to Credgenics as our Strategic Advisor. His exceptional professional experience and sharp acumen pertaining to the financial services sector will be invaluable as we continue to expand our presence and offer innovative solutions to our clients."”
Who is R Sridhar?
He holds a Bachelor’s degree in Science and is a fellow member of the Institute of Chartered Accountants of India. Mr. R. Sridhar has occupied a series of prominent positions within the financial services sector.
At present, he serves as the Director of JR Capital Services, a testament to his financial expertise and leadership prowess.
His prior roles include a transformative tenure as the Vice Chairman and CEO of Indostar Capital Finance from 2017 to 2022, during which he orchestrated remarkable growth for the company.
Mr. Sridhar was the Managing Director & CEO of Shriram Transport Finance Company Limited, Mumbai, (STFC) from 2000. He has served as the Chairman of the Finance Industry Development Council (FIDC), a self-regulatory organization for NBFC-AFCs.