The Veefin Group, a leading financial services provider, has announced the appointment of Mr. Shantanu Bairagi as the Chief Executive Officer of Veefin Capital Pvt Ltd, a subsidiary of the Group. Veefin Capital is focused on creating a new asset class out of supply chain finance, which will benefit borrowers, specifically MSMEs (Micro, Small, and Medium Enterprises).
Mr. Bairagi brings over 20 years of experience in banking and finance to his new role, where he will drive the company’s growth and innovation. He began his banking career with ICICI Bank, managing corporate coverage and setting up low-cost rural distribution channels. Later, he joined Kotak Mahindra Bank, playing a pivotal role in establishing its corporate banking practice and executing marquee deals in structured receivable finance and debt consolidation. At Abu Dhabi Commercial Bank (ADCB), he created the corporate banking franchise focused on the Indo-GCC corridor, significantly expanding ADCB’s presence in India and facilitating international trade finance and cross-border funding.
In 2018, Mr. Bairagi co-founded a factoring NBFC and a supply chain advisory firm known for innovative funding structures in capital markets. The firm pioneered India’s first covered Commercial Paper (CP) and the first Pass Through Certificate (PTC), expanding its assets under management (AUM), securitizing receivables, and significantly supporting MSMEs.
Raja Debnath, Chairman of the Veefin Group, expressed his enthusiasm for Mr. Bairagi’s appointment, stating, “We proudly welcome Shantanu as the CEO of Veefin Capital Pvt Ltd. His vast experience and strategic vision in the banking and finance sector will be invaluable as we continue to innovate and expand our financial solutions. Shantanu’s proven track record in driving growth and transformation aligns perfectly with our goals for Veefin Capital.”
Mr. Bairagi also shared his excitement for the new role, saying, “I am honored to join Veefin Group to lead its financing vertical and to be part of the Group’s next chapter of growth. At Veefin Capital, we would leverage the Group’s tech prowess and extensive client network to create innovative financial products like securitization of trade assets, thus creating a new asset class for Banks, FI and other debt capital participants.”
With Mr. Bairagi’s leadership and the Veefin Group’s commitment to innovation, Veefin Capital is poised to make significant strides in the financial services industry, particularly in the realm of supply chain finance and MSME lending.
