Mahindra Finance shakes up leadership with new appointments – What this means for the future of financial services

In a strategic move aimed at reinforcing its leadership team, Mahindra Finance, one of India’s foremost non-banking financial companies, has announced two significant appointments. Bijoy Thaplial has been appointed Chief Business Officer – Leasing, Partnerships, and Payments, while Mod Narayan Singh has been named Chief Compliance Officer (CCO). These changes are set to drive innovation and enhance customer-centric solutions at Mahindra Finance, reinforcing its position as a preferred financial partner in emerging India.

Bijoy Thaplial to Lead Leasing and Payments Strategies

Bijoy Thaplial brings over 27 years of extensive experience to his new role. As Chief Business Officer, Thaplial will spearhead Quiklyz, the company’s vehicle leasing and subscription business. His responsibilities will include identifying and nurturing key partnerships, as well as refining the execution strategy across all payment products. Thaplial aims to advance leasing strategies, foster strategic alliances, and enhance payment and lending solutions to drive growth and improve customer satisfaction.

Thaplial’s career is marked by notable leadership roles at leading financial institutions, including Axis Bank, Royal Bank of Scotland, Standard Chartered UAE, HDFC Bank, GE-SBI Cards, and INDAL. His track record in delivering strategic growth and operational excellence is well-regarded in the industry. He holds a postgraduate diploma in management from Symbiosis Institute of Management Studies, Pune, and a Master’s in Commerce from Pune University.

Mod Narayan Singh Appointed as Chief Compliance Officer

Mod Narayan Singh will oversee Mahindra Finance’s compliance function, ensuring that the company adheres to its compliance policy while supporting the board and senior management. Singh joins Mahindra Finance from the Reserve Bank of India, where he amassed over 25 years of experience in regulatory and supervisory roles. His expertise spans the regulation of commercial banks and urban co-operative banks, banking and consumer education, and protection.

Before joining Mahindra Finance, Singh was associated with Bhartiya Reserve Bank Note Mudran. He holds a Master of Business Management in International Business from ICFAI and is a Certified Associate of the Indian Institute of Bankers.

Reinforcing Mahindra Finance’s Strategic Vision

The appointments of Bijoy Thaplial and Mod Narayan Singh align with Mahindra Finance’s strategic vision to enhance its operational capabilities and customer service. By leveraging their extensive experience, the company aims to drive innovation and maintain its competitive edge in the financial sector.