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Debt resolution startup Credgenics expands leadership in pace with its exponential growth

Written by Customer Service on . Posted in Public Companies.

Credgenics, a first-of-its kind debt resolution platform, has recently expanded its leadership team, soon after its $25Mn Series-A fundraise. Sandeep Dinodiya, a 11-year veteran in technology and product, having built global systems for unicorns and MNCs like OYO, Lenskart and Cisco, has joined as Head of Engineering. Sanchit Dayal, an ex-Investment analyst with WestBridge Capital, has joined as the new Chief of Staff. Yash Dabriwal, a former management consultant at McKinsey is onboard as Head of Growth and Strategic Initiatives to drive overall company strategy and steer global expansion. Ramashis Biswas, having previously scaled HR teams at 91springboard & Shuttl is the new Head of HR & Admin. Ashish Mittal, with deep experience in customer lifecycle journey through his stints with Adobe, Sprinklr and Moser Baer is onboard as Head of Customer Success.

The new leadership team will be playing a critical role as the company continues to meet the demand from a growing client-base for seamless collections services through a customized debt recovery platform. This hiring will help in executing product enhancement and expansion plans for international markets such as SEA and MENA to help address the bad loans problem in these geographies.

Credgenics works across the financial services space, handling loan book over Rs. 1,500 crores for 50+ large Indian banks, NBFCs and Fintech lenders including HDFC Bank, ICICI Bank, Axis Bank, DMI Finance and Zest Money. With Credgenics, clients have seen an improvement in resolution rates by up to 12% and a reduction in resolution time by up to 20 days.

Commenting on leadership expansion, Rishabh Goel, Co-Founder & CEO, Credgenics, said, “We had to strengthen our leadership as we aggressively expand in India and beyond. I am delighted with the latest additions to the fast-growing Credgenics family. Their diverse, in-depth experience and complimentary skillsets are what we need right now. We are looking at more senior hires across product, data science, sales, marketing, finance and operations in the coming months.”

About Credgenics: Co-Founded in 2018 by IIT-Delhi Alumni and eminent lawyers Rishabh Goel, Anand Agrawal, and Mayank Khera, Credgenics is India’s first technology enabled platform for resolution of non-performing assets for BFSI and fintech lending. The automation-first, analytics focused platform is robust, highly efficient, transparent, and cost-effective. Its intelligent systems and case tracking tools manage and track loans from the instance of default till the final resolution stage. Credgenics also enhances collections efforts through intelligent digital communication, drafting and tracking of physical and digital notices, managing legal cases and feet-on-street in an automated manner. NBFCs, Banks, ARCs, and fintech lending start-ups can improve their collection efficiency using technology, automation intelligence, and optimal legal routes. Credgenics currently works with 2200+ lawyers and collection partners.
Editorial queries contact: Kritika Singh at kritika@prhub.com/ 8744080106.

Debt recovery, Series-A, Credgenics, Rishabh Goel, resolution, international market, bad loans

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