Appointment Overview
On 4 November 2026, Saarathi Finance & Credit Pvt Ltd, an NBFC focused on providing credit to micro, small and medium enterprises (MSMEs) in semi‑urban and rural India, announced the appointment of Mr. Alok Aggarwal as President and Group Head.
Executive Background
Alok Aggarwal brings 25 years of experience in banking, housing finance and retail lending. He most recently served as Chief Executive Officer of Muthoot Homefin (India) Limited and earlier held the position of Managing Director & CEO of National Trust Housing Finance Limited. His career also includes senior roles at HDFC Bank, Citigroup, Tata Capital, Magma Housing Finance and Equitas Small Finance Bank.
Strategic Rationale
Founder and CEO Vivek Bansal stated that Aggarwal’s experience in building and scaling financial‑service institutions will be invaluable for strengthening Saarathi’s organisational capabilities, driving business priorities and supporting the next phase of growth as the company deepens its presence across India’s emerging markets.
New President’s Outlook
Alok Aggarwal expressed enthusiasm about joining Saarathi at a pivotal stage, highlighting the company’s commitment to responsible, customer‑centric lending for underserved entrepreneurs. He noted the significant opportunity presented by India’s MSME ecosystem and pledged to build scalable capabilities to deliver timely financial solutions.
Company Mission and Market Context
Saarathi Finance aims to bridge the estimated ₹44 lakh crore credit gap in the MSME sector by combining technological innovation with local market insight. The firm operates under the guiding principle “Aap Akele Nahi Hai” (“You are not alone”).
Disclosure
The announcement was released through PRNewswire on 4 November 2026.