Moneyboxx Finance Ltd, a BSE-listed non-banking financial company (NBFC) focused on providing credit to small and micro enterprises in semi-urban and rural India, has appointed Vivek Meharwal as its Chief Business Officer.
In this role, Meharwal will oversee the growth of the secured loan portfolio and work to improve operational efficiency.
He joins the company with more than 21 years of experience in the lending sector. His background includes work in credit strategy, business development, product innovation, and portfolio management. Prior to this, he served as Chief Business Officer at Altum Credo Home Finance and held roles at Avanse Financial Services, Religare, GE Money, and ICICI Home Finance.
Welcoming him to the company, Mr. Mayur Modi, Co-Founder and Co-CEO, Moneyboxx Finance Limited, said, “We are excited to welcome Vivek Meharwal on board as Chief Business Officer. His comprehensive experience in credit management, new business architecture, and product-level growth will play a crucial role in strengthening our expansion strategies. As we deepen our outreach across underserved regions, his leadership will help us deliver sustainable growth with strong portfolio quality, aligned with our mission of empowering grassroots entrepreneurs through responsible lending.”
Commenting on his new role, Mr. Vivek Meharwal, Chief Business Officer, Moneyboxx Finance Limited, said, “I am thrilled to join Moneyboxx Finance at such a pivotal time in the journey. The company’s mission of enhancing financial inclusion resonates deeply with my growth objectives. I look forward to leading business strategy and execution that enhances our product offerings, strengthens credit delivery, and drives sustainable impact across rural and semi-urban India.”
The appointment comes as Moneyboxx Finance reports year-on-year growth in its business. As of March 2025, the company’s Assets Under Management (AUM) had grown by 27%, with a network of 163 branches across 12 states.
