Two senior executives quit Navi to start asset management company
18 Mar 2025, 08:54 PMFormer Navi VPs Shobhit Agarwal and Apurv Anand are planning to start the venture with Sebi’s Portfolio Management Services (PMS) license.
Team Head&Tale
Share the story on
Two senior executives of Sachin Bansal-led Navi, Shobhit Agarwal and Apurv Anand, have reportedly quit the non-banking financial company (NBFC) to launch a new venture in the asset management space.
As reported by Moneycontrol, both Agarwal and Anand were vice presidents at Navi. While Agarwal has experience in banking, Anand brings the technical expertise as a co-founder. Agarwal quit early this month while Anand resigned last August.
Agarwal has been with Navi for over six years and was the head of lending and borrowing for the last three years. Before this, he headed the fintech's treasury operations. He has previously worked at Standard Chartered Bank and Deutsche Bank.
Anand was the CTO of Navi for three years and a co-founder of healthcare data analytics firm SigTuple. Before that, he worked as a data analyst with card network company American Express.
Agarwal and Anand are expected to start the regulatory process of applying for a license and registering the company soon. They are planning to start the venture with a market regulator Sebi's Portfolio Management Services (PMS) license, which means that the startup is focused on attracting high-net-worth individuals and financial institutions, the news platform reported.
They are also in talks with several investors and are expected to raise a seed round over the next couple of months.
Who Reads Us
“I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest, and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.”
“Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.”
“The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.”
“What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.”
“I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.”
