Leading with fairness,integrity and accountability

Our governance framework is founded on principles of fairness, integrity, and accountability, serving as a key driving force behind our organisation’s steady progress. We ensure that these values permeate the entire organisational pyramid.

Our governance practices prioritise prudent risk management to sustain leadership position in the industry. To uphold the same, effective decision-making is facilitated through well-defined processes, practices, and policies. Our comprehensive policies cover areas such as grievance redressal mechanism for customers, KYC & AML, nomination and remuneration, whistleblower protection, ESG and POSH, among others.

Additionally, we maintain a robust code of conduct that reflects the highest standards of professional ethics. This commitment to strong governance fosters trust and transparency and guides us in navigating challenges and seizing opportunities effectively. Through these measures, we ensure that our operations remain aligned with our core values and strategic objectives, driving sustainable growth and long-term success.

OUR GOVERNANCE STRUCTURE

OUR BOARD

Our Board of Directors is a rich amalgamation of experience and expertise, encompassing deep market knowledge essential for our industry. The Board comprises six directors: two independent directors (including one woman director), two whole-time directors, and two nonexecutive directors.

This optimal mix of executive, nonexecutive, and independent directors ensures the effective execution of the Board’s two main functions: governance and management. The Chairperson of the Board is an Independent Director, bringing an unbiased perspective to our leadership.

The promoters and management team are highly qualified with extensive experience in the banking industry, further enriching our Board’s capacity to navigate the complexities of the market. This diverse blend of backgrounds and insights positions us to maintain strong governance practices while driving sustainable growth and innovation across industry.

BOARD COMMITTEES

Audit Committee (AC) Stakeholders Relationship Committee (SRC) Nomination and Remuneration Committee (NRC) Risk Management Committee (RMC) Asset Liability Management Committee (ALMC)

BOARD OF DIRECTORS

Mayur Modi

Co-Founder Co-CEO and COO

With over 20 years of experience as a Chartered Accountant in the financial services industry, Mr. Mayur Modi is the Co-founder of Moneyboxx Finance. Beginning his career with GE Capital, he contributed his expertise to prominent institutions such as JP Morgan and HSBC. In his most recent role, Mr. Modi served as an Associate Director at HSBC, where he specialised in lending to banks and financial institutions. His extensive experience and profound understanding of the financial sector are invaluable assets to our Board.


Deepak Aggarwal

Co-Founder Co-CEO and CFO

Mr. Deepak Aggarwal, Co-founder of Moneyboxx Finance, is a Chartered Accountant with over 20 years of extensive experience in finance. His distinguished career includes significant roles at Bank of America, KPMG, GE Capital, and Infosys. As the Asia-Pacific Industry Risk Head at Bank of America, Mr. Aggarwal’s expertise encompassed capital funding, growth strategies, and consulting. Additionally, he founded Avancer Capital Partners, successfully raising over ₹ 2,000 crore for clients in equity and debt. His profound industry knowledge and strategic acumen are key strengths contributing to the success of Moneyboxx Finance.


Uma Shankar Paliwal

Chairman & Independent Non-ExecutiveDirector

Mr. Uma Shankar Paliwal brings over 34 years of distinguished experience in central banking with the Reserve Bank of India (RBI). Presently, he holds the esteemed position of CEO at the Currency Cycle Association. Furthermore, Mr. Paliwal serves as the CEO and Secretary of the Association of Small Finance Banks of India (ASFBI), demonstrating his commitment to fostering growth and innovation in the financial sector. His expertise extends further as an independent director at multiple Non-Banking Financial Companies (NBFCs). Mr. Paliwal’s extensive experience and leadership in central banking and financial associations make him an asset to our Board, enriching our strategic vision and governance.


Ratna Dharashree Vishwanathan

Independent Non-Executive Director

Ms. Ratna Dharashree Vishwanathan, an esteemed ex-IAS officer of the 1987 batch, brings over 21 years of diverse experience from her tenure in departments such as the Indian Audit & Accounts Services and the Comptroller and Auditor General (CAG). Her leadership journey includes a notable four-year term as the Ex-CEO of the Microfinance Institution Network (MFIN). Currently, Ms. Ratna occupies the pivotal role of CEO at a prominent global nongovernmental organisation (NGO). Her extensive background in public service coupled with her strategic leadership in the microfinance sector underscores her commitment to driving positive change and fostering sustainable development. Her wealth of experience and dedication to social impact make her an invaluable addition to our Board, enriching our governance and strategic direction.


Govind Gupta

Non-Executive Director

Mr. Govind Gupta is a seasoned Chartered Accountant with more than 18 years of dedicated expertise in statutory and internal audit, tax consultancy, and company law matters. As a practising professional, Mr. Gupta has demonstrated a steadfast commitment to upholding the highest standards of financial integrity and compliance. His wealth of experience and specialised knowledge in financial governance make him an asset to our Board, contributing to the sound decision-making and strategic oversight essential for our organisation’s success.


Atul Garg

Non-Executive Director

Mr. Atul Garg brings forth a wealth of experience spanning more than two decades in financial products and Portfolio Management Services (PMS). His expertise encompasses the distribution of equities, mutual funds, and fixed-income products. With a proven track record of navigating the intricacies of financial markets, Mr. Atul’s insights and strategic acumen contribute significantly to our Board’s decision-making processes. His extensive experience in portfolio management and wealth management further enhances our ability to deliver value to our stakeholders and clients.


Board Committees
  • Audit Committee (AC)
  • Stakeholders Relationship Committee (SRC)
  • Nomination and Remuneration Committee (NRC)
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Chairperson

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Member

  • Risk Management Committee (RMC)
  • Asset Liability ManagementCommittee (ALMC)

OUR MANAGEMENT TEAM

Viral Sheth

Finance Controller

Mr. Viral Sheth is a distinguished Chartered Financial Analyst with a remarkable career spanning over 20 years in finance. His expertise lies in corporate finance, credit risk assessment, and equity research. Viral has made significant contributions to renowned organisations such as HSBC and Infosys, where he honed his skills and insights. In his most recent role as VP-Commercial Banking & Risk Training, Viral demonstrated exceptional leadership and strategic vision, driving initiatives to enhance commercial banking practices and mitigate risk effectively. His profound knowledge and experience in financial analysis and risk management bring invaluable perspectives, enriching our strategic deliberations and bolstering our capacity for informed decision-making.


Abhijeet Kamble

Chief Technology Officer

Mr. Abhijeet Kamble stands as a prominent figure in the technology sector, renowned for his adept leadership and innovation prowess. His exceptional ability to spearhead projects and drive transformative initiatives, such as crossborder payments systems, underscores his strategic vision and commitment to innovation. With a hands-on approach to coding and a steadfast leadership style, Mr. Kamble consistently delivers operational excellence across diverse projects. As an alumnus of Pune University and IIT Bombay, his academic foundation complements his practical expertise, enabling him to navigate complex technological landscapes with agility and foresight. His presence enriches our strategic discussions and positions us to leverage innovative technology for sustained growth and competitive advantage.


Vikas Bansal

Chief Risk Officer

Mr. Vikas Bansal, an alumnus of IIF and IIM-A, embodies over two decades of profound expertise in the realms of retail and corporate lending, with a distinguished tenure exceeding 15 years at TATA Capital. His academic prowess is complemented by hands-on experience in credit underwriting, risk assessment, portfolio management, strategic planning, and digital lending, particularly within the Retail and MSME sectors. His profound expertise and strategic acumen greatly enhance organisation’s capacity for informed decision-making and strategic direction.