May 23, 2017| Mumbai: Avanse Financial Services on Tuesday announced the appointment of Mr. Amit Gainda as its Chief Executive Officer (CEO) w.e.f. April 01, 2017. Avanse Financial Services is an associate company of DHFL and part of Wadhawan Global Capital with a mission to enable education finance access to every young Indian.
Avanse Financial Services is a new-age education finance Non Banking Financial Company (NBFC) focused on providing education loans to Indian students in an easy, quick and responsible manner. It enables Indian students aspiring for a better education, leading to an independent and bright future. The Company funds students travelling to key Indian and international destinations for advance education, including US, UK, Canada, Germany etc.
With over two decades of diverse experience in the BFSI sector, Amit Gainda is an accomplished business leader having held leadership positions at DHFL and managing SME & Mortgage Loan Assets. Having led a 500+ team of professionals across the country and building the business from ground up, Amit will drive Avanse’s next round of growth to further consolidate its leadership in the education finance space.
Commenting on the appointment, Mr. Kapil Wadhawan, Chairman Avanse Financial Services said, “Avanse is on a unique growth path to empower young Indians with education finance. Having already been part of the senior leadership at DHFL, I am confident that Amit’s new responsibility will help Avanse scale up and institutionalise the education finance business in a robust and fast-paced manner. We believe that education finance is another unique area that will help young Indians aspire, dream and become self-sufficient for their entire lives.”
On his new role, Mr. Amit Gainda, CEO, Avanse Financial Services said, “I am excited to lead Avanse in its new growth journey. Having already spent time with the group, I look forward to implementing an expansion strategy that adheres to our culture of responsible and meaningful growth. With India’s young millennial population forming a key demographic, Avanse is committed to reach young customers through technology and digital innovation. The ability to enable education finance for young Indians to make them future-ready and globally competitive is a key satisfaction that drives us towards a larger purpose.”
In the past, Mr. Gainda has helmed leading finance companies like Bajaj Finance Ltd., GE Money and Citigroup. He has rich cross-functional experience across Sales & Marketing, Distribution & Product Management, and Risk & Collections. He is a Certified Six Sigma Black Belt in the DMAIC methodology. A management graduate in finance and marketing, he also has completed an Executive Education program in General Management from INSEAD, Singapore and France.
An acknowledged professional, Amit has spearheaded various projects in the domains of Customer Centricity , Operational Efficiency, Product Innovation, etc. for which he has won various awards and accolades in his previous assignments.
About Avanse Education Loans: Avanse Education Loans, a new age education finance company is an Associate Company of Dewan Housing Finance Corporation Limited (DHFL), one of India’s leading housing finance company in the private sector. The International Finance Corporation (IFC), an arm of the World Bank holds 20% equity stake in Avanse. Avanse is a Systemically Important Non-banking Finance Company (NBFC) and is regulated by the Reserve Bank of India. Avanse was conceived with the aim to fulfil the need for education finance at reasonable terms, thus enabling every student to pursue their right to an education of their choice and achieve their career goals. The word
‘Avanse’ has been derived from the French word ‘Avance’, which means ‘to advance’. This meaning has become the cornerstone of the brand promise, which encourages students to chart out the course to their future. The essence of the brand has thus been distilled and well encapsulated in the tagline: “Aspire Without Boundaries”. Avanse provides financial assistance through Avanse standalone offices and also through the DHFL network offices. The Company funds students travelling to all key international advanced education destinations including US, UK, Germany, Canada etc. The Company has been enabling access to easy and fast funding for aspiring students who wish to study in India or overseas.
To know more about the company, visit: http://www.avanse.com/