NBFC firm Kuhoo Finance hires Vineet Mahajan as CFO to lead financial strategy and expansion

Kuhoo Finance, a tech-driven NBFC firm providing student loans for undergraduate, postgraduate, and upskilling courses, has appointed Vineet Mahajan as its new chief financial officer. 

The move comes as the company enters a period of accelerated growth aimed at expanding affordable education loan offerings to students across India.

Who is Vineet Mahajan?

Mahajan, a Chartered Accountant certified by ICAI and a commerce graduate from the University of Delhi, brings over 25 years of experience in the banking, financial services, and insurance sector. He has held leadership roles at institutions like Aavas Financiers, Edelweiss, and Deutsche Postbank Home Finance.

In his previous role as CFO at an education-focused NBFC, Mahajan led initiatives that significantly reduced borrowing costs and enhanced investor confidence.

Leadership comments

Announcing the appointment, Prashant A. Bhonsle, founder of Kuhoo Finance, said, "We are thrilled to welcome Vineet to the Kuhoo leadership team. His proven track record in fundraising, governance, and fintech-driven finance operations makes him the ideal partner as we accelerate our next growth phase. Vineet's arrival strengthens our ability to build a future-ready NBFC that supports millions of aspiring Indian students and parents with timely, accessible, and affordable education financing."

As CFO, Mahajan will be responsible for strengthening Kuhoo’s financial governance to ensure complete compliance with RBI regulations. He will lead the development of real-time financial reporting and fund utilisation systems to support transparent and data-driven decision-making.

His role will also include expanding Kuhoo’s partnerships with banks and alternative lenders to build sustainable capital flows for education loans.

Mahajan is also tasked with streamlining finance operations through automation, improving transparency, and building a robust liability franchise using co-lending models and securitisation structures. One of his key long-term goals is to create a roadmap for sustainable profitability, ultimately positioning the company for an initial public offering.

With an ambitious financial vision for FY 2025–26, Kuhoo aims to reduce its cost of funds by 30% and keep gross non-performing assets below 1%.