Greaves Finance Ltd., a leading non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd., has appointed P. B. Sunil Kumar as its new Executive Director and Chief Executive Officer, effective from July 3, 2024.
Kumar, a seasoned professional with extensive experience across finance, consulting, and healthcare sectors, will lead the company in its mission to provide specialized financing solutions tailored for electric two-wheeler buyers and drive the adoption of sustainable mobility solutions nationwide through the evfin platform.
Prior to his appointment as CEO, Kumar served as an independent director on the board of Greaves Finance Ltd. With a career spanning 25 years, Kumar has held significant leadership positions, including Director at Taiki Consulting Private Limited and Vice President at GE Capital Services India. His career highlights include leadership roles at ICICI Bank Ltd. and Tata Finance Ltd. Kumar also serves as an independent director on the board of CDE Asia Ltd., a technology provider in the construction industry, and Doctor Sand Ltd.
Expressing his enthusiasm for his new role, Kumar emphasized the pivotal role of financing solutions in accelerating electric vehicle (EV) adoption in India. He stated, “India is experiencing unprecedented growth in EV adoption, driven by expanding infrastructure, supportive regulations, and increasing consumer awareness. I am privileged to lead Greaves Finance Ltd. in delivering tailored financing options for electric two-wheelers. I look forward to contributing to the advancement of EV adoption and fostering a more accessible EV ecosystem.”
Kumar is a Chartered Accountant and holds a Bachelor of Commerce degree from Badruka College of Commerce and Arts, Telangana. His educational background and extensive industry expertise position him well to steer Greaves Finance Ltd. towards achieving its strategic goals in the evolving landscape of sustainable mobility.