Bajaj Capital will launch its online distribution business soon. In fact, the 50-year-old financial distribution company has already launched pilot of its online distribution portal called ‘MF Online’.
Talking about the new online distribution business, Rajiv Bajaj, Chairman, Bajaj Capital said, “We have launched 'MF Online' to solidify our movement towards using fintech to drive the company’s targeted threefold revenue growth in next four years.”
He told Cafemutual that the company has signed up 8000 clients so far. All these are existing clients of Bajaj Capital, he said.
To drive growth of the new digital distribution business, the company has appointed Rahul Parikh as the new CEO, Bajaj Capital. He has taken the charge from today. He was earlier heading Aditya Birla Money MyUniverse.
Rahul Parikh has over 17 years of experience in financial services with companies like Birla Sun Life AMC and ICICI Prudential AMC. He has a holistic understanding of customers, products, marketing, distribution and technology with strong relationship management and execution skills. Early in his career, he has also worked with Tata Motors and Larsen & Toubro in strategy, corporate and line roles.
Rahul holds an MMS-Marketing degree from the Narsee Monjee Institute of Management Studies - Mumbai, and has a Production Engineering degree from the University of Mumbai.
Parikh has replaced Anil Chopra who has been elevated to Group Director – Corporate Affairs of the company. In his new role, he will be involved in working with the shareholders to develop new lines of businesses.
On appointment of Parikh, Bajaj said, “Mr. Parikh’s experience in the digital domain will support the company's strategy of combining face to face relationship with digital advisory, transactions and servicing. We have confidence that Mr. Parikh’s business acumen will enhance our ability to achieve our business goal.''
