Greaves Finance ropes in P. B. Sunil Kumar as new executive director and CEO

Greaves Finance Limited, a prominent non-banking financial company (NBFC) under Greaves Cotton Ltd., has announced the appointment of Mr. P. B. Sunil Kumar as its new Executive Director and Chief Executive Officer effective July 3, 2024. This strategic move is set to bolster the company’s initiatives in promoting electric vehicle (EV) adoption across India.

Under the leadership of Mr. Sunil Kumar, Greaves Finance will continue to enhance its “evfin” platform, India’s first consumer finance technology platform dedicated to electric mobility. Launched a year ago, evfin offers innovative and tailored financing options for electric two-wheeler buyers, supporting the country’s shift towards sustainable mobility solutions.

Mr. Sunil Kumar brings a wealth of experience to his new role, having served as an independent director at Greaves Finance Ltd and holding various leadership positions across finance, consulting, and healthcare sectors. His previous roles include Director at Taiki Consulting Private Limited and Vice President at GE Capital Services India, with significant experience at ICICI Bank Ltd. and Tata Finance Ltd.

As the new CEO, Mr. Sunil Kumar is poised to drive strategic initiatives and introduce operational efficiencies within Greaves Finance. His vision for the company aligns with the rapid infrastructure growth, favorable regulatory framework, and increasing consumer awareness in India. “India is witnessing unprecedented EV adoption,” said Mr. Sunil Kumar. “I am honored to lead Greaves Finance Ltd in our efforts to facilitate this transition and democratize the EV experience.”

The appointment of Mr. P. B. Sunil Kumar as CEO of Greaves Finance Limited marks a significant phase in the company’s journey towards enhancing electric mobility financing. His leadership is expected to greatly influence the proliferation of EVs in India, steering the industry towards a more sustainable future.