– Mr. Parikh has almost 17 years of experience in financial services companies like Aditya Birla Money MyUniverse, Birla Sunlife AMC and ICICI AMC;
– Towards evolving into a Digital Retail Distribution Brand, Bajaj Capital launches new online Mutual Fund Platform;
– The company plans to grow its revenue by three-fold in next four years by bringing global wealth management experts on board.
New Delhi, 3 April, 2017: Bajaj Capital, India’s premier “Investment Services” company welcomes Mr. Rahul Parikh as the new Chief Executive Officer, with effect from April 3, 2017. Mr. Parikh has around 17 years of experience in financial services companies like Aditya Birla Money MyUniverse, Birla SunLife AMC and ICICI Prudential AMC. Since, April 2012, until recently, he has been spearheading the category creation of Online Personal Finance Space in India through his role as Head Aditya Birla Money MyUniverse.
Erstwhile Group CEO & Director, Mr. Anil Chopra, has been elevated to Group Director – Corporate Affairs, of the company. In his new role, he will be involved in working with the shareholders to develop new lines of business.
Speaking about the appointment of the new CEO, Mr. Rajiv Bajaj, Chairman, Bajaj Capital said, “We are pleased to welcome Mr. Parikh on board. His experience in the digital domain will support the company’s strategy of combining face to face relationship with Digital Advisory, Transactions and Servicing. Recently, we have launched ‘MF Online’, an online platform for mutual funds, to solidify our movement towards using Fintech to drive the company’s targeted threefold revenue growth in next four years. We have confidence that Mr. Parikh’s business acumen will enhance our ability to achieve our business goal.”
Mr. Sanjiv Bajaj – Vice Chairman, Bajaj Capital, also expressed his gratitude and said, “We are glad to have Mr. Parikh in our Bajaj Capital family along with the newly inducted global wealth management experts – Mr. Mark Collier, Former CEO, Charles Schwab International, who helped build Fidelity International and Charles Schwab Technology Platform; Mr. Peter Smyth, Founding Partner & CO-CEO, Mosaic Capital Asia; Mr. Rajesh Relan, Entrepreneur, who has been the Head Bancassurance, Asia at MetLife Asia Limited after being the MD – Metlife, India and Mr. Hemant Tanna, Founding Partner CFO & COO, Mosaic Capital Asia.”
Expressing happiness on his appointment, Mr. Parikh said, “I am deeply honored to be part of Bajaj Capital, one of the pioneers in the financial services sector and look forward to working with the team to build one of the most sought after, trusted and leading customer-centric digitally enabled financial services brand in the country. Structurally, with economic growth and rising per capita income along with low penetration in financial services products, India offers a massive opportunity for growing financial services business over the next decade and we at Bajaj Capital have a strong platform, trusted brand and loyal customers to capitalize on this opportunity.”
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