DMI Finance Private Limited (“DMI Finance”), the NBFC arm of the DMI Group (“DMI”), has appointed Niraj Khandelwal as Group Chief Financial Officer, and Rachit Gupta as Group Treasury Head to its leadership team.

 

These appointments are expected to further strengthen DMI’s strategic and operational capabilities as the company continues to expand in the financial services sector.

As Group CFO for DMI, Niraj Khandelwal is said to oversee the seamless integration of strategy, policies, and technology across finance, accounting, and taxation functions, enabling the company to enhance its financial processes and controls in management reporting, financial accounting and taxation.

Niraj brings over 26 years’ of extensive experience in banking and financial services, specializing in strategy and planning, budgeting, accounting, and financial analysis. Prior to joining DMI, he held significant positions at Credit Suisse, IL&FS Investsmart Ltd. and JM Morgan Stanley Direct.

“As we continue to innovate and expand, their leadership will be crucial in enhancing our financial and treasury operations while also building strong relationships with stakeholders”, said Yuvraja C. Singh, Co-Founder of the DMI Group.

 

As Group Treasury Head for DMI, Rachit Gupta will oversee fundraising, investments, cash flow and liquidity management, asset-liability management, and banking transactional support for the entire Group.

Additionally, he will manage strategic relationships with various stakeholders to ensure regulatory compliance and establish new processes and policies. Rachit brings over 20 years’ of extensive experience in both the public and private sectors within the banking and financial services industry. Prior to joining DMI, he held significant positions at Sumitomo Mitsui Financial Group (formerly Fullerton India), Edelweiss Financial Services, and Power Finance Corporation, where he led multiple initiatives in integrated treasury and finance across diverse sectors and geographies.

“Their extensive experience and deep understanding of the financial sector will significantly strengthen our operational capabilities and ensure that we continue to scale efficiently”, said Shivashish Chatterjee, Co-Founder of the DMI Group.