Greaves Finance Limited, a prominent non-banking financial company (NBFC) under Greaves Cotton Ltd., has appointed PB Sunil Kumar as its new Executive Director and Chief Executive Officer, effective from July 3. With over 25 years of extensive experience spanning finance, consulting, and healthcare sectors, Sunil Kumar brings a wealth of leadership and strategic expertise to his new role.
Previously serving as an independent director on Greaves Finance Ltd.’s board, Kumar’s career highlights include key positions such as Director at Taiki Consulting Private Limited and Vice President at GE Capital Services India. His tenure at ICICI Bank Ltd. and Tata Finance Ltd. has fortified his leadership acumen in the financial services domain. Currently, he also serves as an independent director at CDE Asia Ltd., a leader in technology solutions for the construction industry, and Doctor Sand Ltd.
Greaves Finance Ltd. made headlines last year with the launch of “evfin,” India’s pioneering consumer finance platform dedicated to electric mobility and sustainable solutions. This platform integrates advanced digital lending technologies to facilitate convenient financing options tailored specifically for electric two-wheeler buyers.
Expressing his vision for Greaves Finance Ltd., PB Sunil Kumar remarked, “India is experiencing an unprecedented surge in electric vehicle adoption, driven by expanding infrastructure, supportive regulatory measures, and increasing consumer awareness. I am privileged to lead Greaves Finance Ltd. in its mission to provide specialised financing solutions for electric two-wheelers. My goal is to accelerate EV adoption across India and promote equitable access to sustainable mobility solutions.”
Kumar, a Chartered Accountant with a Bachelor of Commerce degree from Badruka College of Commerce and Arts, Telangana, is poised to leverage his robust background to steer Greaves Finance Ltd. towards pioneering advancements in the evolving landscape of electric mobility financing. His appointment marks a strategic move towards enhancing operational efficiencies and reinforcing the company’s commitment to driving sustainable mobility solutions nationwide.