Mumbai, India – TransUnion CIBIL, a leading insight and information company, has announced the appointment of Bhavesh Jain as its new Managing Director and CEO. Jain succeeds Rajesh Kumar, who stepped down after a five-year tenure marked by significant achievements, including navigating the company through the challenges of the COVID-19 pandemic.
Leadership Transition at TransUnion CIBIL
Rajesh Kumar’s contributions during his tenure have been pivotal in advancing TransUnion CIBIL’s mission. Chairman V Anantharaman expressed gratitude for Kumar’s leadership, stating:
“Rajesh has communicated his decision to move on and take time for himself and his family after a continuous 32-year career in financial services. Under his leadership, the company achieved remarkable growth. We wish him the very best for his future endeavors.”
Bhavesh Jain’s Journey to CEO
Bhavesh Jain, who previously served as the Chief Revenue Officer at TransUnion CIBIL, brings a wealth of expertise and experience to his new role. Jain’s professional journey spans over two decades in the financial services industry, including leadership roles at Thomson Reuters, Citi, and Kone.
His academic credentials include:
- Master’s in Management Studies from Welingkar Institute of Management, Mumbai.
- Bachelor’s Degree in Engineering from VESIT, Mumbai University.
- Completion of the prestigious Senior Executive Leadership Program at Harvard Business School.
A Vision for Growth and Financial Inclusion
Todd Skinner, President of TransUnion International, highlighted Jain’s passion and leadership qualities:
“Bhavesh is an accomplished leader with a strong focus on fostering sustainable access to credit and advancing financial inclusion. His vision aligns with TransUnion CIBIL’s role in driving economic growth in India.”
Bhavesh Jain’s First Remarks as CEO
As he steps into his new role, Jain shared his vision for the company:
“TransUnion CIBIL works constantly to provide solutions that empower consumers and businesses. In an increasingly digital world, we aim to strengthen trust between the two, enabling them to achieve great things. I’m excited to lead such a talented team and build on the excellent work we’ve done in advancing financial inclusion and ease of doing business.”
Key Highlights of the Leadership Transition
- Outgoing CEO Rajesh Kumar: Successfully navigated the company through challenges, including the COVID-19 pandemic.
- Incoming CEO Bhavesh Jain: Brings over two decades of expertise in financial services, with a strong focus on revenue growth and customer empowerment.
- TransUnion CIBIL’s Future Vision: Focused on driving financial inclusion, digital trust, and sustainable access to credit for individuals and businesses.
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