Education-focussed Non-Banking Financial Company (NBFC) Avanse Financial Services has named Vikrant Gandhi as the new Chief Financial Officer (CFO).
With over 28 years of experience in BFSI, automotive and other consumer brand sectors, he has managed treasury vertical, financial planning and business analytics, financial accounting and reporting, and the overall governance structure, including legal, compliance, taxation and secretarial functions.
Gandhi will be working from Mumbai headquarters, and will play a vital role in financial strategy to ensure the company’s continued growth. He will be in charge of enhancing the organisation in areas such as governance, compliance, risk, liability and asset situations, as well as developing capabilities for Avanse’s future growth.
Speaking on the appointment, Amit Gainda, Managing Director (MD) and Chief Executive Officer (CEO), Avanse Financial Services, said, “We are pleased to welcome Vikrant to our leadership team. He is a highly experienced professional with a proven track record of financial and operational success in this fast-evolving business landscape. His financial and business understanding, strategic insight and leadership qualities will be critical in enabling us to fulfill our purpose of democratising education and education financing in India. We look forward to work with Vikrant, who has been a veteran in establishing and scaling businesses.”
Before joining Avanse Financial Services, Gandhi was the CFO of ICICI Home Finance Company for about six years. Prior to it, he worked for ICICI Bank for nearly a decade. At ICICI HFC, he was in charge of strategising the company’s liability structure by lowering funding costs and managing the asset-liability gap through borrowing diversification.
Commenting on his appointment, “It’s a privilege to have been appointed as the CFO of Avanse Financial Services and contribute towards charting the next phase of growth for the organisation. The company has exceptional strengths, a strong business model, robust parentage and a proud history. There is tremendous growth potential ahead, and I look forward to work with team Avanse to accomplish significant milestones, achieve the organisation’s priorities and thus enhance value for our stakeholders.”
