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Restructuring at PB Fintech: Naveen Kukreja steps down as Paisabazaar CEO
28 Feb 2025, 03:02 PMSantosh Agarwal, who is currently the chief business officer of life insurance at Policybazaar, will take over as Paisabazaar CEO.
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Naveen Kukreja has stepped down as CEO of Gurugram-based loan marketplace Paisabazaar after 11 years at the helm.
Santosh Agarwal, who is currently the chief business officer of life insurance at Policybazaar, will take over as Paisabazaar CEO starting March 1, 2025, PB Fintech Ltd, the parent company of Policybazaar and Paisabazaar, announced these leadership changes in a regulatory filing.
“Santosh Agarwal would be taking over as chief executive officer and a key managerial personnel of Paisabazaar to drive the business,” the company said.
“In addition, Santosh will continue to mentor and guide on the Life Insurance side for the short term, as well as work with Sarbvir Singh in seeing how best Paisabazaar can leverage insurance opportunities,” the company stated.
Kukreja will transition into the role of group president at PB Fintech and will remain on Paisabazaar’s board as a non-executive director.
“He (Kukreja) has decided to step away from running Paisabazaar operationally and explore other opportunities within PB Fintech,” the company stated.
On the other hand, Vivek Audichya's tenure as the chief financial officer of Paisabazaar comes to an end on February 28. Neeraj Tripathi -- who is currently the head of taxation and financial reporting at Policybazaar -- will take over as CFO of Paisabazaar.
Audichya will move to Policybazaar as its new CFO, starting April 1. He will replace Ashutosh Mishra, who resigned from the post of Policybazaar CFO.
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