• The company plans to amplify its digital business, with data and technology at its core.
• It will strengthen its leadership position in its core businesses and expand footprint across retail initiatives and digital platforms.
Mumbai, March 29, 2022: Northern Arc Capital Ltd., a diversified NBFC and a leading digital debt platform, announced the appointment of Ashish Mehrotra as the Managing Director (MD) and Chief Executive Officer (CEO) of the Company, effective April 01, 2022. Ashish will also serve as the Non-Executive Chairperson of Pragati Finserv, the microfinance subsidiary of Northern Arc Group and is the member of the board for Northern Arc Investment Managers, that houses our Alternate Investment Fund and Portfolio Management Service.
Ashish has over 25 years of experience across Retail & Commercial Banking, Wealth Management, and Insurance. In his last role, he was the MD & CEO of Niva Bupa Health Insurance (previously known as Max Bupa Health Insurance). Before that, Ashish spent over 20 years at Citibank. He was previously a Managing Director and also the Retail Bank Head for Citibank India.
Dr. Kshama Fernandes will continue to be a part of the organization as a Non-Executive Director and designated as Non-Executive Vice Chairperson with effect from April 01, 2022.