Fullerton India Credit Company Limited (Fullerton India), a leading Non-Banking Financial Company with a strong Pan-India presence, today announced the appointment of Ajay Pareek as their Chief Business Officer. He will be leading Fullerton India’s core businesses of Rural, Urban, and Digital and the Marketing function.
Ajay re-joins Fullerton India from Aditya Birla Finance Ltd, where he was heading retail, consumer, and microfinance businesses. He previously worked with Jana Small Finance Bank, where he headed their Retail Financial Services Business; CitiFinancial Consumer Finance Ltd and A.F. Fergusons and Co.
Ajay has over 24 years of experience in business planning, strategizing, designing, launching products, managing credit underwriting, and collections while leading large sales and distribution networks. Ajay was previously with Fullerton India for 13 years, where he helped expand the company’s product portfolio and business across 225+ branches in 300 locations, conceptualized product strategy for urban business, tapped emerging markets, and managed cross-sell and upsell initiative for customers via in house call centers.
Speaking on the appointment of Mr. Ajay Pareek, Mr. Shantanu Mitra, CEO & MD, Fullerton India, said, “On behalf of the Fullerton India family, we are happy to welcome Ajay back. He has been a pillar of strength at Fullerton India for over a decade and was critical in sustaining the business and managing Fullerton India’s extensive network pan India. We are certain he will head his departments with ease and assist Fullerton India’s businesses and product portfolios during this tenure.”
On his appointment, Mr. Ajay Pareek said, “I am looking forward to my second innings at Fullerton, India. I was a part of the Fullerton India family for a very long time and have always shared a great bond with my colleagues. I am glad to be entrusted with the responsibilities, and I will help strengthen Fullerton India’s business to the best of my abilities.”