Mahindra Finance appoints Bijoy Thaplial as CBO and Mod Narayan as CCO

Mahindra Group's NBFC arm Mahindra Finance has announced the appointment of two senior leaders to key positions within the organization.

The company has named Bijoy Thaplial as the Chief Business Officer – Leasing, Partnerships, and Payments, and Mod Narayan Singh as the Chief Compliance Officer (CCO).

With these appointments, the company aims to bolster its commitment to innovation and customer-centric solutions as it seeks to strengthen its position as a preferred financial partner in India.

Bijoy Thaplial to lead leasing, partnerships, and payments

Bijoy Thaplial, with over 27 years of experience in the financial sector, has been appointed as the Chief Business Officer – Leasing, Partnerships, and Payments.

In this role, Bijoy will be responsible for leading Quiklyz, Mahindra Finance's vehicle leasing and subscription business. He will also focus on identifying and nurturing strategic alliances, as well as enhancing the execution of various payment products.

His efforts will be directed toward advancing leasing strategies, fostering partnerships, and improving payment and lending solutions to drive growth and boost customer satisfaction.

Bijoy's extensive career includes leadership roles at several major financial institutions such as Axis Bank, Royal Bank of Scotland, Standard Chartered UAE, HDFC Bank, GE-SBI Cards, and INDAL. His consistent track record of delivering strategic growth and operational excellence will be a significant asset to Mahindra Finance.

Bijoy holds a postgraduate diploma in management from Symbiosis Institute of Management Studies, Pune, and a Master’s degree in Commerce from Pune University.

Mod Narayan Singh takes over as Chief Compliance Officer

In a parallel development, Mod Narayan Singh has been appointed as the Chief Compliance Officer (CCO) at Mahindra Finance.

With over 25 years of experience, Mod Narayan will oversee the company’s compliance function, ensuring that all operations adhere to regulatory standards and internal policies.

He will work closely with the board and senior management to ensure the effective implementation of the company's compliance policy.

Before joining Mahindra Finance, Mod Narayan held various roles at the Reserve Bank of India (RBI) where he gained extensive experience in the regulation and supervision of commercial banks and urban cooperative banks, as well as in banking and consumer education and protection.

He was most recently associated with Bhartiya Reserve Bank Note Mudran. His qualifications include a Master of Business Management in International Business from ICFAI and a Certified Associate of the Indian Institute of Bankers (CAIIB).

These leadership changes come at a time when Mahindra Finance is focused on driving growth and innovation in the financial sector. The company believes that the combined expertise of Bijoy and Mod Narayan will play a pivotal role in achieving its long-term goals, particularly in expanding its reach and improving customer satisfaction.