afaqs! news bureauPublished: 26 Jul 2019, 7:34 AM
People Spotting

LimeRoad appoints Pankaj Jain as new CFO

Pankaj Jain joins LimeRoad from ibibo, coming with 20 years of experience in finance.

Leading online fashion platform LimeRoad has hired Pankaj Jain as its Chief Financial Officer. He joins after a 9-year stint as the CFO of the ibibo group. A seasoned and result driven finance professional, Pankaj Jain will be responsible for driving rapid growth, improving efficiency and delivering profitability at LimeRoad.

Jain, who comes with a two-decade plus rich experience in finance and business management, has made invaluable contributions to driving large M&A transactions and delivering value to stakeholders during the span of his career.

LimeRoad appoints Pankaj Jain as new CFO

Pankaj Jain

“Pankaj brings 20+ years of experience and was part of the goIbibo journey from the early days right through to the merger with Makemytrip. He led the Redbus integration and launched strategic projects like PayU. Over the last 10 years, he saw the highs and the lows and knows what it feels like to be a highly ambitious challenger brand. We hit it off - he is a straight shooter, and still very hungry and eager to build greatness and I love that about him,”said Suchi Mukherjee, founder & CEO, LimeRoad.

While serving as the CFO at the ibibo group, Jain successfully drove and enabled consolidation in the online travel space adding solid value to all stakeholders. He was part of the founding team of ibibo’s online travel business- Goibibo in 2009 and helped the new business to rapidly scale up. He has also played a pivotal role in concluding one of the largest acquisitions in the online space in India - Redbus.

Prior to ibibo, he was the Finance and Strategy Director at Corning Inc, where he was responsible for the India business and setting up the company’s commercial operations in the Middle East. Pankaj started his professional journey with Price Waterhouse in the audit division in 1991.

“Fashion is a $200bn industry, and LimeRoad, with its deep focus on women, is the largest independent player in this space. Besides it is one of the few e-commerce firms that has quickly scaled and done so super efficiently, unlike most others. Suchi and I both believe that this is still Day 1 for us, with huge opportunities to go after. LimeRoad is on the path to profitability and this is just the right time for me to be a part of the top management at LimeRoad and help the business grow. I look forward to working with with Suchi and the team,” said Pankaj Jain, Chief Financial Officer at LimeRoad.