Ajay K Khurana has joined ECL Finance Ltd. as the Managing Director, bringing over four decades of expertise in consumer banking, risk management, and digital transformation. His extensive leadership experience spans major financial institutions, including Bank of Baroda, Syndicate Bank, and Vijaya Bank, where he played a key role in shaping strategic growth and governance. His appointment aligns with ECL Finance Ltd.’s ongoing transformation to a more dynamic, retail-driven lending model.
Having served as an Executive Director at Bank of Baroda, Ajay K Khurana contributed significantly to corporate finance and risk management while overseeing critical governance initiatives. At Syndicate Bank, he was instrumental in leading structural reforms, and at Vijaya Bank, he dedicated nearly three decades to strengthening financial operations. His leadership extends beyond banking institutions, having served on the boards of National Payments Corporation of India (NPCI) and Indo Zambia Bank, driving financial innovation and operational efficiency.
ECL Finance Ltd. is in the midst of a strategic shift, transitioning from its traditional wholesale lending model to a more agile, MSME-focused approach. The company has successfully reduced its wholesale lending portfolio by 85% and lowered its debt by 80% over the past five years. As Managing Director, Ajay K Khurana will lead the company’s expansion in the MSME sector, ensuring strong governance, operational efficiency, and the seamless integration of advanced financial technologies.
With his deep industry knowledge and proven leadership, Ajay K Khurana is set to guide ECL Finance Ltd. toward a future of sustainable growth and innovation. His expertise in banking and finance will play a crucial role in enhancing customer-centric solutions while reinforcing the company’s commitment to excellence in financial services.