Kewal Handa is appointed as an Independent Director by BharatPe
BharatPe announces the appointment of Mr. Kewal Handa as an Independent Director. He will now be joining the founding members of BharatPe – Ashneer Grover and Shashvat Nakrani and the other board members Micky Malka (Ribbit) and Jitendra Gupta (ex PayU). As per the appointment, Mr. Kewal Handa will be responsible to mentor and advise on overall business strategy of BharatPe in strengthening its market capture and opportunities.
BharatPe was formed in the year 2018 with a vision to make financial inclusion available for Indian merchants. The comapny is consistently launching new services and products that enables businesses to grow. Recently, the company has also declared to disburse loans of ₹1000 crores, this financial year to small merchants all across the country.
Said Mr. Ashneer Grover, Co-Founder & CEO, BharatPe, “We are pleased to welcome Mr. Handa on our board. His guidance and banking experience will accelerate our financial services business to the next level. In the current scenario, we are aggressively strengthening our lending and payment offerings, and his insights will be of great value in shaping the right strategies for the brand as we scale up. We are confident that Kewal’s diverse experience in building global businesses will help us create a credible and profitable business.”
On his appointment, Mr. Kewal Handa said,” I am delighted to be part of BharatPe which has already carved its niche in offering digital payment and lending solutions to merchants. BharatPe is already the 4th largest UPI player in India and largest lender in SME segment.The new normal has augmented the demand for contactless payments in the country and I believe it is the best time to capitalize on it.”
Mr. Kewal Handa is has varied experience in the field of Finance, Corporate Affairs, Strategy and Business Development, Commercial, etc. From the year 2005 to 2012, he served as the Managing Director of Pfizer Limited, India. Kewal is also an Ex-Chairman of Union Bank of India and was also and Independent Director in ING Vyasa Bank.