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National, 18 October 2022: Clix Capital, a leading non-banking financial services group with a significant pan-India presence, today announced that it has appointed Gagan Aggarwal as its CFO from 8th of November, 2022. Gagan is currently the VP and Head of Finance & Treasury at Bijak, a new age Agritech start-up. He has a rich and diverse experience of over 18 years and has worked with marquee organizations such as Indifi, Home Credit and GE Capital in the past.
Speaking on the appointment, Rakesh Kaul, CEO, Clix Capital commented, “Gagan’s deep experience over the years has given him extensive exposure in dealing with regulators, rating agencies, auditors and fund raising, which will be extremely valuable for Clix. He has led finance strategy in both start-ups as well as established organisations, and that will be very relevant as Clix embarks on a strategic roadmap of break-out growth. Gagan is a well-rounded finance professional and I am certain that his association with Clix will further rivet the brand’s position in the dynamically evolving fintech space.”
“We would like to express our gratitude to our outgoing CFO Rashmi Mohanty for her contributions to the organization and our best wishes for her future endeavours as she pursues her career outside of Clix.”, he added.
Pramod Bhasin, Chairman, Clix Capital reiterated, “Gagan’s widespread experience across multiple sectors, in building a strong finance function from scratch, formulation and implementation of budget models, unit economics and product profitability will play an instrumental role in helping Clix drive strategic innovations in the coming times.”
Utsav Baijal, Partner & Head of India Private Equity at Apollo and the largest investor at Clix Capital said “I’m pleased to welcome Gagan to the management team of Clix Capital. I’m sure he will be a very valuable contributor in guiding our company going ahead.”
As a leading digital lending NBFC, Clix Capital has taken giant strides in transforming financial services delivery through automation and innovation. Clix is on a great growth trajectory and has successfully delivered significant volume and profitability growth over the last 12 months.
Elated with his joining the Clix team, Gagan Aggarwal said, “I am thrilled to join Clix Capital at this exciting juncture in the brand’s journey. I hope to contribute meaningfully as Clix Capital moves forward in its journey ahead – towards break-out growth.”
With its exceptional leadership team and having invested strategically in technology, talent and digitization, Clix Capital is now poised for market leadership in its chosen segments of client growth.
About Clix Capital
Clix Capital is a new age NBFC revolutionizing the lending space by offering differentiated digital lending products driven by technology and deep analytics. Its range of lending products to a varied spectrum of customers across the MSME and consumer segment includes personal loans, MSME loans, healthcare loans, and mortgage finance.
Co-founded by industry veterans Mr. Pramod Bhasin and Mr. Anil Chawla, Clix is backed by private equity fund AION Capital Partners Limited (an affiliate of Apollo Global Management, LLC – one of the largest alternate investment managers globally with an AUM of $513 billion). Mr. Bhasin is the founder of Genpact and the former CEO of GE Capital India and Asia while Mr. Chawla has been the former CEO of GE Capital India and Asia’s Commercial Finance Business.
Together, Mr. Bhasin, Mr. Chawla, and AION jointly acquired the commercial lending and leasing business of GE Capital India in September 2016 and rechristened it as Clix Capital, and has disbursed more than INR 15,000 crores since then.
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