Lendingkart Appoints Former CFO of Paytm Payments Bank Mukund Barsagade As Group CFO

Lendingkart Group announced the appointment of Mukund Barsagade as its group chief financial officer. Mukund has over 28 years of experience in the BFSI and IT sectors. 

Prior to this, Mukund was the CFO of Paytm Payments Bank, where he oversaw the financial management of one of India's leading digital banks that offers a range of banking and payment services to millions of customers. 

In his capacity as Group CFO at Lendingkart, Mukund will be leading the Finance, Capital Markets, Legal, and Secretarial functions, playing a pivotal role in shaping the company’s next phase of growth. 

“Mukund’s deep financial and business experience, strategic acumen, and leadership qualities make him a vital addition to our team. He will be critical in helping to drive the step-up in Lendingkart’s performance that we are all determined to deliver,” said Harshvardhan Lunia, Founder and CEO, Lendingkart Group. 

Mukund Barsagade, Group CFO, Lendingkart Group, said, “The lending tech space for MSMEs is a fast-growing opportunity, and joining Lendingkart, which is a leader in the space, is extremely exciting. I look forward to working with the team, and together, we will surely aid in achieving the company’s goal of simplifying finances for MSME’s across the country.” 

Mukund is a qualified Chartered Accountant and holds a Diploma in International Financial Reporting (DipIFR) from the Association of Chartered Certified Accountants (ACCA), UK. He has experience working with large organizations and in matrix environments, such as GE Capital, Experian, Transamerica, Utkarsh Small Finance Bank, and Fino Payments Bank, in various finance leadership roles. 

Lendingkart is an Ahmedabad-based fintech that leverages technology to simplify finance for small businesses. Lendingkart is co-lending with prominent banks and NBFCs in India to provide access to finance to more small businesses. 

Founded in 2014 by Harshvardhan Lunia, Lendingkart has offices in Ahmedabad, Bengaluru, Mumbai, and Gurugram and has service reach across India. The group recently raised ₹200 crore in debt funding from EvolutionX Debt Capital.