Moneyboxx Finance Limited, a BSE-listed NBFC committed to enhancing credit access for micro and small businesses in semi-urban and rural India, has announced the appointment of Vivek Meharwal as its new Chief Business Officer. In his new role, Meharwal will focus on expanding the secured loan portfolio, refining business strategy, and strengthening operational efficiency to drive the company’s ambitious growth plans.
Bringing over 21 years of experience in the lending sector, Meharwal is a seasoned leader with expertise in credit strategy, business development, product innovation, and portfolio growth. Before joining Moneyboxx Finance, he served as Chief Business Officer at Altum Credo Home Finance and held key leadership roles at Avanse Financial Services, Religare, GE Money, and ICICI Home Finance, where he spearheaded strategic initiatives to scale operations and enhance credit delivery.
Welcoming him to the leadership team, Mayur Modi, Co-Founder and Co-CEO of Moneyboxx Finance, said, “We are excited to welcome Vivek Meharwal on board as Chief Business Officer. His comprehensive experience in credit management, business architecture, and product-level growth will be instrumental in strengthening our expansion strategies. As we deepen our outreach in underserved regions, his leadership will enable us to deliver sustainable growth with robust portfolio quality, aligned with our mission of empowering grassroots entrepreneurs through responsible lending.”
Sharing his excitement about the new chapter, Meharwal stated, “I am thrilled to join Moneyboxx Finance at such a pivotal stage in its journey. The company’s mission of enhancing financial inclusion resonates deeply with my own professional goals. I look forward to leading business strategy and execution that expands our product offerings, strengthens credit delivery, and creates a lasting impact across rural and semi-urban India.”
This strategic appointment comes during a period of accelerated growth for Moneyboxx Finance. As of March 2025, the company reported a 27% year-on-year increase in assets under management and expanded its network to 163 branches across 12 states—further solidifying its position as a trusted partner for small entrepreneurs in India’s underserved markets.