Jaipur-based NBFC Finova capital has named Rajiv Sabharwal as the strategic advisor.
Sabharwal, currently partner at the True North Managers LLP (previously, India Value Fund Advisors) and has been part of the banking & finance sector for over 26 years, will be involved in the overall business strategy, growth and development of Finova capital.
“It gives me immense pleasure to welcome Mr. Rajiv Sabharwal as our Strategic Advisor. Rajiv brings a wealth of experience in the banking and financial domain, which is going to be vital for us across a range of sectors, including strategic direction, credit & customer understanding, and the network of relationships in the industry,” said Mohit Sahney, MD & CEO of Finova Capital.
Commenting on association Rajiv Sabharwal, Strategic Advisor, Finova Capital, said, “The team at Finova Capital is addressing perhaps the most pressing needs of the current times – to make credit accessible to an otherwise underserved segment of Indian MSMEs. I wish them all the best for this endeavour.”
Prior to joining True North, Rajiv was an executive director on the board of ICICI bank where he was responsible for several businesses including Retail banking, Business banking, Rural/ Financial Inclusion Business, Digital Bank and Technology. He has been a leading figure in the Real Estate/ Housing Finance industry and is credited with growing the housing finance industry and making ICICI Bank the leading home loan provider. He has also been a part of different RBI and IBA committees on Banking.
Founded in 2015, Finova Capital is NBFC focusing on MSME lending. The idea of Finova capital germinated with a belief that, if supported well, then the MSME can play a pivotal role in growing Indian economy. “We at Finova believe that by supporting and creating enabling opportunities for micro & small business, lives can be enriched & communities can be transformed. The company’s aim is to reach out to the financially-excluded, unorganized, and unreached MSME sector,” added Sahney.