Greaves Finance appoints Executive Director & CEO

Bangalore- Greaves Finance Limited., a non-banking financial company and subsidiary of Greaves Cotton Ltd., has appointed Mr. P. B. Sunil Kumar as Executive Director & CEO, effective July 3, 2024. He will lead the company's efforts to provide tailored financing for electric two-wheeler buyers and promote sustainable mobility solutions nationwide through evfin.

Greaves Finance Ltd. launched "evfin," India's first consumer finance tech platform for electric mobility and sustainable solutions, a year ago. It features advanced digital lending and innovative asset management technology.

Mr. P. B. Sunil Kumar, previously an independent director at Greaves Finance Ltd., has 25 years of experience in finance, consulting, and healthcare. He has held leadership roles at Taiki Consulting, GE Capital Services India, ICICI Bank, and Tata Finance. He is also an independent director at CDE Asia Ltd. and Doctor Sand Ltd.

Mr. P. B. Sunil Kumar said, "India is witnessing unprecedented EV adoption facilitated by rapid infrastructure growth, a favourable regulatory framework, and mass consumer awareness.  I am honoured to take on the role of CEO at Greaves Finance Ltd., a company dedicated to delivering tailored financing solutions for electric two-wheelers.  I look forward to contributing to the catalysis of EV adoption in India and steering the industry towards democratising the EV experience."

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