Clix Capital, recently, announced the elevation of Rakesh Kaul as its new Chief Executive Officer with effect from 16 August 2021. As the CEO, he will be accountable for all business verticals, reporting directly to the Board. 

A 24-year expert of the Financial Services sector, Rakesh specifies in Retail Banking, Wealth Management, Insurance, Mortgages, etc., and has detained a varied assortment of leadership positions in India, Malaysia, and other countries in the Asia Pacific region. He joins Clix Capital from RHB Malaysia, where he led the Consumer Banking business for the group covering Malaysia and ASEAN markets. Earlier, he was related with Citigroup, holding several leadership roles across its Consumer Banking, Corporate Banking, and Capital Markets divisions. 

Pramod Bhasin, Chairman– Clix Capital, said, “Be it Product Development, Sales & Distribution, Corporate Strategy, Business Management, and Risk Management, Rakesh’scross-functional exposure has been deep and diverse. He has tremendous experience in leading teams, managing businesses through change cycles, building scale and driving transformation.”

“I’m thrilled to have Rakesh in this role and look forward to collaborating and advancing our founding vision of bridging the credit gap among underserved and unserved cohorts, including MSMEs and new-to-credit consumers. He holds a deep understanding of Retail and Corporate Banking along with stellar industry networking, all of which will be invaluable for the growth of our Company,” said, Anil Chawla, Founder– Clix Capital.

Utsav Baijal, Senior Partner & Head of India Private Equity – Apollo Management, states, “Given his strong grasp of new-age technologies that are disrupting financial services coupled with robust domain knowledge, Rakesh will play an important role at Clix in building new platforms for growth.”

“I’m honored to accept this crucial role with Clix Capital as they continue disrupting and reshaping the NBFC sector. We will focus on deploying cutting-edge technologies and insightful innovations in driving lending models responsive to end-customer needs. While significantly boosting financial inclusion, Clix Capital remains poised for rapid market expansion,” Rakesh Kaul, designated CEO Clix Capital.

Clix’s strong emphasis on technology and strategic corporations has helped it scale up and expand its footprint to around four million customers within four years. This has been attained by building a strong franchise of fast-growing businesses athwart SME lending, consumer finance, mortgages, and apparatus economics.