Bhavesh Jain has been appointed as the new Managing Director and CEO of TransUnion CIBIL, one of India’s leading credit bureaus and information services companies. Jain takes over the leadership role from Rajesh Kumar, who resigned after serving five years in the position. Under Kumar’s leadership, TransUnion CIBIL grew significantly, navigating challenges such as the COVID-19 pandemic. The company has built a strong foundation during this period, and Jain now steps in to continue its growth trajectory.
Jain, who was previously the Chief Revenue Officer at TransUnion CIBIL, brings with him a wealth of experience in the financial services industry. Over his career, he has held prominent roles at well-known organizations such as Thomson Reuters, Citi, and Kone. Jain’s expertise spans across business strategy, financial operations, and market expansion, which will be pivotal as he takes on this new leadership responsibility.
As a seasoned leader, Jain has a deep understanding of the challenges and opportunities that lie ahead for TransUnion CIBIL. His extensive experience in financial services, along with his passion for fostering financial inclusion, aligns with the company’s mission to help businesses and consumers access credit and financial services. This focus on driving access to credit is especially crucial in an economy like India, where millions of individuals and businesses still face barriers to financial inclusion.
Jain holds a Master’s in Management Studies from the Welingkar Institute of Management and a Bachelor’s degree in Engineering from VESIT, Mumbai University. Furthermore, he completed the Senior Executive Leadership Program at Harvard Business School, which has equipped him with the skills to lead large organizations in an increasingly complex and digital world.
In his new role, Jain aims to continue the company’s efforts to strengthen trust between consumers, businesses, and financial institutions. His leadership will focus on driving the company’s goals forward, ensuring that TransUnion CIBIL remains at the forefront of enabling financial empowerment across India, helping both consumers and businesses achieve greater success.