IDFC FIRST Bharat Ltd
Praveen Vecha is a seasoned financial services executive with extensive experience in leadership roles across multiple organizations. Currently serving as Managing Director and CEO of IDFC FIRST Bharat Ltd since February 2021, Praveen has previously held the position of Chief Executive Officer at APAC Housing Finance Pvt Ltd and Senior Director at IDFC Bank. Notable achievements include successfully integrating operations of Grama Vidiyal Micro Finance Ltd with IDFC Bank's rural business, significantly enhancing profitability. Praveen's career also encompasses key roles at Fullerton India Credit Company Ltd, ICICI Lombard, and Coromandel International Ltd, where expertise in sales, risk management, and strategic initiatives has been demonstrated. Educational qualifications include a Post Graduate Program in Agricultural Business and Management from the National Institute of Agricultural Extension Management, along with a Bachelor’s degree in Agriculture from Acharya N.G. Ranga Agricultural University.
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IDFC FIRST Bharat Ltd
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IDFC FIRST Bharat Limited, is a wholly owned subsidiary company of IDFC FIRST Bank. The company acts as a Business Correspondent for IDFC FIRST Bank by offering variety of Loan Products like Group Loans, Micro Enterprise Loans, Micro Housing Loans, Two-Wheeler Loans, Commercial Vehicle Loans, Consumer Durable Loans, Gold Loans, Housing Loans, Loan against property, Tractor Loans, Insurance and is adding more to this. The company operates in 11 States serving more than 3.5 million Households through a team of more than 14800 employees. With a wide spectrum of financial products, IDFC FIRST Bharat Limited not only aims at achieving the economic sustainability of its members, but also facilitates holistic empowerment of women and their families on social and cultural fronts. The company is now scaling up the operational regions and also diversifying the portfolio in both secured and unsecured products adopting unique digital avenues.