Vijay Deshwal has more than six years of experience in financial institutions including the NBFC and is responsible for conceptualizing and encouraging accountability strategies for corporate ecosystems in the bank.
The Poonawalla group that has acquired Magma Fincorp announces Vijay Deshwal as its Chief Executive Officer (CEO). The company said that deshwal would control the loan and housing financing business along with the insurance business and will operate outside the Pune office.
In his last role, Vijay was associated with ICICI Bank as head of a business responsible for the rapidly developing service sector business including new age businesses that focus on technology and digital intervention. He is a postgraduate of the Institute of India Management Ahmedabad (IIMA) is an experienced banker with a track record of two decades.
“We are happy to have Vijay Deshwal on our team. His extensive knowledge and rich experience in various aspects of banking and financial services will encourage the transformation and new growth phase charter under the Poonawalla brand,” Abhay Bhutada, Managing Director, “said Magma Fincorp.
Deshwal has more than six years of experience in financial institutions including the NBFC and is responsible for conceptualizing and encouraging the accountability of strategies for the company’s ecosystem in the bank, he said. He also led the debt syndication business for ICICI Bank for more than five years.
Deshwal expressed his gratitude to the company for his appointment in roles. “It is the privilege of joining the group and I hope to work with the team to create service-oriented institutions for their customers and provide value to shareholders,” he said.
Poonawalla Group recently acquired a 60 percent majority shares in Magma Fincorp through its parent company that rose solar ownership in May.