Mumbai: TransUnion CIBIL, India’s leading insights and information company, today announced the appointment of Mr. Rajesh Kumar as Managing Director and CEO. Mr. Rajesh Kumar takes the reins from Mr. Satish Pillai who was recently appointed as President of TransUnion’s Asia region, with accountability for operations in Hong Kong, the Philippines, and India.
Prior to joining TransUnion CIBIL, Rajesh was the Group Head for Retail Credit and Risk at HDFC Bank where he was the key member of the leadership team responsible for conceptualizing, managing and growing the bank’s retail credit portfolio comprising consumption loans, commercial loans, and vehicle loans along with the payment business of the bank. With two decades of experience at HDFC Bank, Rajesh helped grow its retail lending book to USD 50 bn and led teams comprising of more than 3,000 bank officers.
With his rich experience and expertise of building large retail portfolios having the best portfolio quality in the industry, Rajesh is well positioned to take forward TransUnion CIBIL’s business growth and leverage the full extent of TransUnion’s offerings to India. In his role as Managing Director and CEO, Rajesh will be responsible for steering TransUnion CIBIL’s business into the next phase of its evolution and ensure it continues to support India’s finance industry and consumers.
Speaking on Rajesh’s appointment, Mr. Satish Pillai, President of TransUnion’s Asia region, said: “As TransUnion CIBIL continues to support India’s financial industry towards enhancing trust, expanding access to credit and enabling greater customer experience, Rajesh Kumar brings vital leadership and expertise to our business. His deep rooted experience in helping build one of India’s most successful retail credit business at HDFC Bank gives Rajesh great insight into better serving our clients and driving growth of our credit information infrastructure, insights, products and solutions for the benefit of all.”
TransUnion CIBIL has supported India’s financial industry with data and solutions for credit risk management and sustained growth of credit portfolios for over a decade. Its solutions help drive financial inclusion by enabling credit institutions to make faster and more informed credit decisions. In the last decade, 300 million people in India have been included in the organized financial credit system, helping the consumer credit industry growth by 30% CAGR over the same period.
“TransUnion CIBIL has been a partner of choice to India’s credit industry during an extraordinary period of growth, and in my new role I am committed to further build on the trust that our customers, consumers and the industry places in us,” said Mr. Rajesh Kumar. “These are very exciting times for India’s financial sector as insights based and innovative financial products are reaching an increasingly broader consumer base across geographies. I look forward to steering TransUnion CIBIL into its next evolution and embrace the tremendous opportunities ahead.”
“At TransUnion, we help businesses deliver better, more relevant customer experiences that result in profitable and sustained growth. We help consumers and organizations transact with confidence and achieve great things. Consumer credit is a catalyst for economic growth and can help consumers achieve a higher quality of life,” said David Neenan, President of International for TransUnion. “Satish’s movement to President of TransUnion Asia and Rajesh’s appointment as Managing Director and CEO of TransUnion CIBIL in India, reflects the ongoing growth of our international business and our commitment to supporting economic growth and financial inclusion across India.”