IIFL Finance appoints Gaurav Sharma as Chief Technology Officer

By Leandra Monteiro

IIFL Finance, one of India’s largest non-banking financial companies (NBFC) said that it has appointed technology sector veteran Gaurav Sharma as Chief Technology Officer to accelerate the company’s digital transformation journey and strengthen its leadership position as a technology-led financial services conglomerate.

Gaurav Sharma is a technology and digital transformation specialist with over 27 years of experience. He was in the Chief Technology Officer role at Poonawalla Fincorp and L&T Financial Services previously. He was also associated with TCS and Max Life Insurance Company. Sharma is a mechanical engineering graduate from Indian Institute of Technology, Roorkee.

In his previous stints Sharma has successfully implemented cloud computing, Data Lake for advanced analytics, ERP systems, technology-backed loan origination systems, collection systems, loan administration systems, business operations and customer servicing platforms across retail lending businesses.

R Venkataraman, Co-Promoter, IIFL Group commenting on the appointment said, “IIFL Finance is going through an accelerated digital transformation process as we aim to make credit delivery affordable to millions of unbanked and underbanked borrowers. Gaurav’s addition will help us in achieving our goal of becoming the most advanced technology-led retail financier in India.”

Commenting on the appointment, Gaurav Sharma said, “It is my pleasure to join one of India’s top technology-led NBFCs. I would strive to accelerate the digital transformation at IIFL Finance with utmost focus on providing customers state of the art digital experience.”

IIFL Finance has over 8 million customers and over INR 51,000 crore loan book of which 95% is retail in nature, primarily catering to unbanked and underbanked small borrowers. IIFL Finance is present across India through over 3300 branches and employs over 30,000 people. It is also one of the pioneers in bringing industry-first technology-led innovations in the lending industry in India.