Vaibhav Kulshrestha: A Veteran Financial Leader Making Finance Easy, Convenient & Transparent
Vaibhav Kulshrestha
CEO
My Mudra aims to make borrowing money simple for both individuals and businesses. It offers quick, easy, and flexible loans through its website in a more convenient manner. Whether it's a personal loan a business loan a microloan, a CA loan, or any other form of loan, the company has emerged as a one-stop shop for borrowers looking for prompt money disbursement with simple repayment alternatives and interest rates. My Mudra strives to make credit simple and accessible to millions of Indians who find it difficult to obtain credit through traditional banking channels.
The majority of consumers find the application process for a personal loan to be onerous. Credit card users are frequently subjected to exorbitant interest rates on their loans. Asking relatives and friends for help is also not a pleasant option, and not everyone receives a salary advance from their employment. This is where My Mudra emerges as the most preferred alternative for them for a variety of reasons, including faster and easier loan disbursement, lower interest rates, lenient loan qualifying criteria, a diverse range of loan options, and consistent customer service.
My Mudra's loan application process is very user-friendly. We are constantly striving to give consumers the most convenient and seamless credit experience possible. We take great pride in being completely transparent and honest about all of our fees”,adds Vaibhav Kulshrestha, Chief Executive Officer at My Mudra. Vaibhav Kulshrestha is a transformative leader with extensive credit industry expertise. He is the steward of governance atMy Mudra, driving overall organizational development and new initiatives across verticals of the company.
In an exclusive interview with CEO Insights Vaibhav Kulshrestha enlightens us more about My Mudra and his professional traits.
Tell us about your professional background and experiences. Which factors motivated you to establish My Mudra Fincorp?
I began my career in sales and marketing with organizations such as IDBI HSBC and Standard Chartered Bank,where I learned about business processes and risk management. I had no idea how to operate a business when I started my company 16 years ago. I didn't have a plan, but I was driven and willing to go to any length to make it happen. I quit my work and began a new journey, which was a risky one, but I was prepared to face whatever hurdles were ahead.
What factors motivated me and why? Still unsure, Fortunately, there are no right or wrong answers. Today the financial world has become customer centric, and we must develop our strategies to match their needs. I saw an opportunity when customers reached out for support. The last thing they wanted was to wait on hold and in those days bankers' access to the customer was very limited. But, in terms of manpower, we had no limitations, with small offices in every state, district, and city looking for new potential consumers. Another possible answer to your question is flexibility.We have discovered more versatile ways to meet our incomes, such as working for ourselves, investing time in creating for ourselves and providing employment to many.
How would you define My Mudra Fincorp as an organization and its position in the market? What is the unique proposition that your organization offers to its employees?
My Mudra Fincorp is a fintech company that facilitates easy disbursal of funds for the personal use of borrowers and has played its part as a regional powerhouse whose distributorship spanned large scale and currently, India's fastest growing loan consultancy with more than 100 in house branches sourcing Business Loan, Personal Loan, Automobile Loan and many more across pan India and enjoys working with a plethora of financial institutions and other banking financial companies.
Our value proposition is built around self belief. We encourage our employees to take ownership of their success and failure through My Mudra. If you don't succeed on your first try,don't worry too much about it. Instead, we train them and make them believe in their ability to succeed.
You have been in the finance industry for more than 15+ years. In your opinion, how has the mindset of people about investments evolved through time?
What factors motivated me and why? Still unsure, Fortunately, there are no right or wrong answers. Today the financial world has become customer centric, and we must develop our strategies to match their needs. I saw an opportunity when customers reached out for support. The last thing they wanted was to wait on hold and in those days bankers' access to the customer was very limited. But, in terms of manpower, we had no limitations, with small offices in every state, district, and city looking for new potential consumers. Another possible answer to your question is flexibility.We have discovered more versatile ways to meet our incomes, such as working for ourselves, investing time in creating for ourselves and providing employment to many.
What I have learned in the journey of sales begins in the field, not in the ac offices, so you should be proud to be a sales representative, and at the same time I have learned to deal with failure and improve myself
How would you define My Mudra Fincorp as an organization and its position in the market? What is the unique proposition that your organization offers to its employees?
My Mudra Fincorp is a fintech company that facilitates easy disbursal of funds for the personal use of borrowers and has played its part as a regional powerhouse whose distributorship spanned large scale and currently, India's fastest growing loan consultancy with more than 100 in house branches sourcing Business Loan, Personal Loan, Automobile Loan and many more across pan India and enjoys working with a plethora of financial institutions and other banking financial companies.
Our value proposition is built around self belief. We encourage our employees to take ownership of their success and failure through My Mudra. If you don't succeed on your first try,don't worry too much about it. Instead, we train them and make them believe in their ability to succeed.
You have been in the finance industry for more than 15+ years. In your opinion, how has the mindset of people about investments evolved through time?
Today's youth approach is very optimistic about the future, with the ability to take risks, a quest for more income, and the willingness to restart if a mistake is made. They want everything at a fast pace and on a large scale whether it's spending investing, or saving. They aim to optimize their happiness by balancing spending and investment. Asset allocation and SIP have become common parlance. Today's common man is not frightened to invest in debt since they want a consistent income along with capital appreciation.
What has been the success mantra that constantly helps you arrive at positive outcomes?
Quoting jargon like perseverance, hard work, and acquiring knowledge will complicate matters, and I don't want to impress the audience either. What I have learned in the journey of sales begins in the field, not in the ac office, so you should be proud to be a sales representative and at the same time, I have learned to deal with failure and improve myself.
What initiatives have you launched to offer financial literacy to today's youth and raise awareness about the significance of investment?
Financial literacy is critical for a customer to make decisions that lead to financial well being. A few key initiatives include education and training as well as fintech solutions. Trust is a responsibility, and my team has managed to build trust for the common Indian in an environment where people's interests are secured. And that is how we have transformed our company into a fintech company that will assist people in making investment decisions through awareness and knowledge.
Based on your strong professional experience, what advice would you give to upcoming entrepreneurs in the same industry?
Hire Characters Not Machines: You cannot succeed alone build a strong team and loose yourselves in the service of training and developing skills. And when I say hire characters, I mean people of varied ages, genders and experiences which will give you a new taste.
Vaibhav Kulshrestha, CEO, My Mudra
Vaibhav Kulshrestha is the Chief Executive Officer of My Mudra. He is a transformative leader with broad experience in the credit sector. He is the one who spearheads the organization and guides the overall organizational development and new initiatives across the company's all verticals. He worked at HSBC, IDBI, and Standard Chartered Bank before founding My Mudra in 2013. He worked diligently on the ground level to develop a remarkable market presence and is instrumental in transforming My Mudra's operational structure from a loose association of autonomous and dispersed individuals to a lean, growth driven enterprise.
·Hobbies: Travelling
·Favourite Cuisine: Khichdi
·Favourite Book: Accidental India-A History of the Nation's Passage Through Crisis and Change
·Favourite Travel Destination: Switzerland
·Awards & Recognition
Global Excellence Awards for best business loan provider in India
Champions Club from Tata Capital Appreciation awards every year from all banks & nbfcs
What has been the success mantra that constantly helps you arrive at positive outcomes?
Quoting jargon like perseverance, hard work, and acquiring knowledge will complicate matters, and I don't want to impress the audience either. What I have learned in the journey of sales begins in the field, not in the ac office, so you should be proud to be a sales representative and at the same time, I have learned to deal with failure and improve myself.
What initiatives have you launched to offer financial literacy to today's youth and raise awareness about the significance of investment?
Financial literacy is critical for a customer to make decisions that lead to financial well being. A few key initiatives include education and training as well as fintech solutions. Trust is a responsibility, and my team has managed to build trust for the common Indian in an environment where people's interests are secured. And that is how we have transformed our company into a fintech company that will assist people in making investment decisions through awareness and knowledge.
Based on your strong professional experience, what advice would you give to upcoming entrepreneurs in the same industry?
Hire Characters Not Machines: You cannot succeed alone build a strong team and loose yourselves in the service of training and developing skills. And when I say hire characters, I mean people of varied ages, genders and experiences which will give you a new taste.
Vaibhav Kulshrestha, CEO, My Mudra
Vaibhav Kulshrestha is the Chief Executive Officer of My Mudra. He is a transformative leader with broad experience in the credit sector. He is the one who spearheads the organization and guides the overall organizational development and new initiatives across the company's all verticals. He worked at HSBC, IDBI, and Standard Chartered Bank before founding My Mudra in 2013. He worked diligently on the ground level to develop a remarkable market presence and is instrumental in transforming My Mudra's operational structure from a loose association of autonomous and dispersed individuals to a lean, growth driven enterprise.
·Hobbies: Travelling
·Favourite Cuisine: Khichdi
·Favourite Book: Accidental India-A History of the Nation's Passage Through Crisis and Change
·Favourite Travel Destination: Switzerland
·Awards & Recognition
Global Excellence Awards for best business loan provider in India
Champions Club from Tata Capital Appreciation awards every year from all banks & nbfcs