Bengaluru, May 07, 2019
Shubh Loans believes in hiring the best from across the world and empowering the team to transform the company's vision into a reality. To take on the mission of bringing 10 million people into the formal credit umbrella, Shubh Loans is joined by Narasimha Jayakumar as the Chief Business Officer.
Narasimha was until recently the Chief Executive Officer (CEO) of Nightingales, a leading home healthcare services company based out of Bangalore. Before Nightingales, Narasimha was the Chief Business Officer of 99acres.com. He has also worked as COO, E-commerce for HomeShop18, where he set up the e-commerce business from scratch, apart from holding international roles at Google, Expedia and Galileo.
Shubh Loans' growth lies in partnering with SMEs in industrial clusters of India. Instead of using their working capital, SMEs can partner with Shubh Loans to give loans and salary advances to their employees. This segment, which is vastly unserved, has a potential of 11 Cr employees, who till now could only borrow from loan sharks. Shubh Loans is changing that by launching its services in the heart of India's workforce - from Rudrapur in Uttarakhand to Kolhapur in Maharashtra.
At Shubh Loans, Narasimha will work on expanding the distribution network along with identifying new, untapped markets.
Commenting on the occasion, Monish Anand, Founder and CEO, said, "Shubh Loans has been attracting high-quality talent across the spectrum. I believe we have the best-in-class leadership team. Narasimha will add definite value in building our distribution advantage."
"I have always enjoyed working with companies that are on high growth, deep impact trajectory. Joining Shubh Loans, one of India's leading digital lending companies, and working to bring formal credit to underserved Indian working class aligns very well with my journey", added Narasimha, who holds a B. Tech (Computer Engineering) NIT, Surathkal, PGDM (IIM-Bangalore) and an MBA from the London Business School.
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