Lendingkart ropes in Nagarajan S as its first chief risk officer

Lendingkart Technologies, which runs the eponymous digital lending platform Lendingkart, has appointed Nagarajan S as its first chief risk officer.

Nagarajan will be based in Bangalore and will manage the company’s risk operations, the Ahemadabad-based company said in a statement.

Nagarajan has over 22 years of experience in banking and financial services. He has led risk management for the retail banking and small to medium-sized enterprise segment across multiple geographies including India, US, South Asia and South-East Asia.

Prior to Lendingkart, Nagarajan served as regional head of retail risk operations, South Asia at Standard Chartered Bank. His responsibilities included overseeing underwriting and fraud risk management across all retail asset products, the statement added.

He also served as the country risk manager for Nissan Renault Financial Services India and worked with GE Capital’s Consumer financing business, in diverse roles across sales, operations, credit and collections, IT and risk management across different product lines over a period of 16 years.

“In recent times, while the digital lending industry has seen rapid growth with limitless opportunities, as the industry grows/evolves it is imperative to put in place a robust and a future-ready risk management framework,” said Harshavardhan Lunia, co-founder and chief executive officer, Lendingkart.

“I look forward to joining this industry at this exciting phase, to further streamline and create growth opportunities for Lendingkart, assessing potential risk challenges to strengthen its market leadership,” said Nagarajan.

The latest appointment comes months after the digital lending platform appointed three senior executives. Sudeep Bhatia was hired as a group chief financial officer, Bratindra Sanyal as senior vice president of human resources and Deepesh Goel as the vice president of initiative and strategy.

In January, two executives had quit Lendingkart to set up a new venture in the consumer lending space.