Thatte’s final task was as CFO at Electronica Finance, and he has over 19 years of expertise working with main organisations within the BFSI area – Tata Motors Finance, Tata Capital, ICICI Financial institution, amongst others. He brings to his new position a complete perspective on all the company finance, treasury, MIS and accounting capabilities and can be accountable for strengthening the monetary and regulatory reporting and driving operational and digital transformation.
“Mayank’s spectacular observe document of success in treasury, monetary controllership and regulatory compliances is a wonderful match with our targets and development plans. His appointment is prime at these occasions which, though are difficult, additionally provide us a chance to help our chosen buyer section of micro-enterprises, and his deal with managing and optimising Aye’s working effectivity and monetary efficiency will ably help our methods,” Sanjay Sharma, managing director of Aye Finance, informed ET.
“Aye has been remodeling micro-enterprise lending in India and has been instrumental in serving the credit score wants of the underside of the pyramid companies. I look ahead to working with the administration and the board and supporting its development plans,” stated Thatte.
The corporate’s buyers embrace CapitalG (erstwhile Google Capital), Elevation Capital (erstwhile SAIF Partners), LGT, Falcon Edge Capital, A91 Companions and MAJ Make investments, and has main banks and impression buyers from India (SBI, HDFC, ICICI, Nabkisan, and so on) and worldwide markets (FMO, BlueOrchard, Symbiotics, Triple Bounce, and so on.) that present debt traces to help it in its mission to remodel micro-enterprise lending in India.