Financial industry powerhouse, B Sriram, has been appointed as an independent director on CRED’s board, marking an essential milestone for the company’s growth and strategic planning. Sriram, boasting over 40 years of experience in banking, finance, and technology, will provide guidance for CRED’s long-term growth plans and strategy [1].
This strategic appointment coincides with CRED’s current growth trajectory, which has been focused on expanding its lending operations and financial services. It is a crucial part of CRED’s mission to bring on industry leaders like Sriram to foster mentorship and advisory roles, thereby increasing its foothold in the fintech sector [2].
Sriram is a respected figure in the financial industry, having served as the former Managing Director of State Bank of India. He currently holds independent director positions on several renowned boards, including ICICI Bank and National Bank for Financing Infrastructure and Development [3].
With Sriram’s addition, CRED is strengthening its leadership pool and paving the way for a more strategic and robust approach to its expansion plans. Kunal Shah, the Founder of CRED, has expressed great enthusiasm about Sriram joining the board, and rightfully so. Sriram’s comprehensive experience and prowess in the financial sector is expected to bring a wealth of knowledge and perspective to the fintech start-up.
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This appointment is part of an increasing trend among Indian fintech firms, such as Razorpay and MobiKwik, to bring in seasoned executives from regulatory authorities and lenders to their advisory boards. This strategy serves not only to navigate the complexities of the financial industry but also to establish credibility and foster relationships with stakeholders.
With Sriram on board, CRED is set to soar in its ambitious growth plans, as it continues to make strategic advances in its expansion operations. Sriram’s role as an independent director will be instrumental in guiding and shaping the company’s roadmap to achieve its long-term goals in the increasingly competitive fintech landscape.
In conclusion, Sriram’s appointment is a key strategic move for CRED, enabling the company to leverage his vast experience and industry connections. It signifies the company’s commitment to its growth strategy and a promising future in the fintech space.
