LendingPlate appoints Rishi Kapoor and Vinod Kumar as Independent Directors

Rishi Kapoor, bringing 30 years of global experience from Fortune 100 companies across the US, Europe, and APAC markets, joins lendingplate with an understanding of technology and the BFSI domain.

As an advisor to several boards including NBFCs, FinTechs, IT services, and Start-Ups, his strategic insights on governance, technology, strategy, alliances, and business expansion are poised to steer lendingplate towards new heights.

His career spans leadership roles at IBM, Coforge, HCL, Max Bupa, Citi Group, and Satyam, where he excelled in leadership roles as CEO, Client Partner, Strategy, Global Business Head & Global Delivery.

Kaushik Chatterjee, CEO, lendingplate (UCIL), said, “There was an inherent need to strengthen our Board with the best of industry leaders whose strategic insights emanating from their unparalleled expertise and vast experience shall prove invaluable in our quest for growth and innovation. So in a way, these appointments mark a significant milestone in our mission to expand our digital lending footprint and drive financial inclusion across India.”

Rishi Kapoor, Independent Director of lendingplate, said, “I am excited to embark on lendingplate’s mission to transform digital lending. Our focus on innovation, technology, governance and strategic expansion will drive growth and enhance customer service, ensuring we meet the diverse financial needs of our expanding customer base.”

Vinod Kumar, an ex-banker of Punjab National Bank, with his experience in retail and corporate credit spanning multiple decades, has served in leadership roles in the Bank including as the CEO of the Bank’s subsidiary, PNBISL (merchant banking and corporate advisory company), is appointed as the Independent Director at lendingplate.

His accolades include best performance awards and recognition for asset recovery, reflecting his commitment to operational excellence. Vinod Kumar is an alumnus of the Institute of Bankers, holding a Master’s in Economics and CAIIB certification. He brings a wealth of experience from the banking sector that shall prove huge asset to the organisation.

Vinod Kumar said, “I am excited to join lendingplate with a clear vision to elevate digital lending standards. Our mission is to innovate seamlessly, expand strategically, and enhance customer experiences. Together, we will set new benchmarks in the NBFC sector, driving growth and fostering financial inclusivity.”

Founded just two years ago, lendingplate has emerged as a frontrunner in digital lending, leveraging technology and financial acumen. Rooted in UCIL’s transformation from Shree Worstex Limited, lendingplate offers access to unsecured personal loans up to ₹2,50,000 with flexible repayment options.

Operating across 5000+ pin codes in 250 cities across 17 states, lendingplate caters to a diverse clientele including professionals, millennials, and first-time credit users. Its robust digital infrastructure, comprising proprietary algorithms and an advanced risk engine, ensures swift loan approvals and disbursements, averaging under 30 minutes.

To date, lendingplate has disbursed over ₹180 crores to more than 80,000 customers, with an impressive 35% returning for multiple loans, underscoring high customer satisfaction.

lendingplate aims to double its geographical footprint by the fiscal year’s end, expand services to micro-businesses, and enhance technological capabilities for seamless operations and superior customer service.

With Rishi Kapoor and Vinod Kumar leading the charge, lendingplate is well-positioned to navigate the complexities of scaling operations while upholding high standards of technology, compliance, and customer-centricity.

Their guidance will drive lendingplate’s mission to innovate in the digital lending space, ensuring it meets diverse customer needs effectively and maintains its leadership in the NBFC sector.