The Fact Maker

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

New Delhi: 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-yearveteran 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.”