Virat Sunil Diwanji is a banking veteran with three decades of total experience including 20 years at Kotak Mahindra Bank
Diwanji in his new role will help push Zaggle's innovation and customer engagement to drive the company's growth in fintech space, as per the statement
Prior to joining Kotak Group, he was managing director at Ford Credit for nearly two years
Listed fintech SaaS startup Zaggle
has bolstered its board with an appointment as it aims to drive growth in the fintech space.
The company has roped in Kotak Mahindra Bank’s consumer banking head Virat Sunil Diwanji as an additional director to its board.
In his new role, Diwanji, who has over two decades of experience with Kotak Bank, will help in fuelling Zaggle’s innovation and customer engagement, the startup said in a statement.
“I look forward to working closely with Zaggle’s leadership team to drive the next phase of growth and create sustainable value for all stakeholders,” Diwanji said.
Zaggle’s founder and executive chairman Raj Narayanam said, “Diwanji’s vast experience in banking and leadership will complement Zaggle’s Indian and global expansion efforts. His insights will be instrumental as we continue to strengthen our position in the retail and commercial segments, and we believe his expertise will help guide us through the rapidly evolving fintech landscape.”
Diwanji has over 30 years of experience in building, managing and growing businesses cutting across liabilities and assets.
Prior to joining Kotak Group, he was managing director at Ford Credit (financial service arm of Ford Motor) for more than two years. Before that, he has worked with the management consultancy division at A. F. Ferguson & Co for six years.
Last week, Zaggle allocated 44,161 additional stock options under its Employee Stock Option Plan (ESOP) 2022.
Founded in 2011 by Narayanam, Zaggle offers spend management solutions for businesses as well as other SaaS tools such as expenses, payments, and rewards management software.
Last month, the startup picked up stakes in two companies – Span Across IT Solutions and Mobileware Technologies. While it acquired a 26% stake in Mobileware Technologies for INR 15.6 Cr, it also received board nod to pick up 98.32% shareholding in Span Across IT Solutions for nearly INR 32 Cr.
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