Santosh Agarwal appointed CEO at Paisabazaar

Paisabazaar has appointed Santosh Agarwal as its Chief Executive Officer (CEO), succeeding Naveen Kukreja. Kukreja has successfully run Paisabazaar for 11 years, and built it into a leading unsecured credit platform, which is profitable, and growing. 

According to a stock exchange filing, Kukreja has decided to step away from running Paisabazaar operationally and explore other opportunities within PB Fintech. He would take the role of Group President at PB Fintech along with advising on the future strategy for Paisabazaar. He would also help us explore other opportunities from a long-term perspective. He continues to be aligned with PB Fintech, and a valued senior leader.

"Santosh Agarwal would be taking over as Chief Executive Officer of Paisabazaar and would report to Yashish Dahiya to drive the business starting March 1, 2025", the regulatory filing stated.

Santosh is a seasoned leader who has been with the group since 2011 and has been a top performer in the company almost every year of the last decade.

The regulatory filing stated that Naveen would help guide the transition over the next few months and would continue to remain on the board of Paisabazaar as Non-Executive Director. Santosh will also move onto the board of Paisabazaar as Executive Director.

"We have ambitions for Paisabazaar to not just grow its unsecured and secured lending footprint, but also expand into the world of pensions and savings. The Board, NRC and management considered various external and internal candidates and made this decision through a competitive process and we are super excited at having Santosh take on this opportunity. In addition, Santosh will continue to mentor and guide on the Life Insurance side for the short term, as well as work with Mr. Sarbvir Singh in seeing how best Paisabazaar can leverage insurance opportunities", the filing read.