PB Fintech Appoints Ms Santosh Agarwal as Paisabazaar CEO Effective March 1

PB Fintech Ltd has announced that Ms.Santosh Agarwal will take over as CEO and Key Managerial Personnel (KMP) of Paisabazaar, effective March 1, 2025. She has been with the company since 2011 and has held major leadership roles, most recently as Chief Business Officer of Life Insurance at Policybazaar. 

She will report to Yashish Dahiya and oversee Paisabazaar’s focus on unsecured and secured lending, pensions, and savings.

Naveen Kukreja’s Transition

Mr.Naveen Kukreja, who has led Paisabazaar for 11 years, will step down as CEO and move into the role of Group President at PB Fintech. He will continue as a Non-Executive Director on Paisabazaar’s board and will advise on the company’s long-term strategy.

Leadership Changes

PB Fintech has also announced changes in its finance leadership:

• Vivek Audichya, Paisabazaar’s CFO, resigns on February 28, 2025. He will take over as CFO of Policybazaar from April 1, 2025, replacing Ashutosh Mishra, who will step down on March 31, 2025.
• Neeraj Tripathi, currently the Head of Taxation and Financial Reporting at Policybazaar, will become Paisabazaar’s CFO from March 1, 2025.

Financial Performance

PB Fintech reported a 92% year-on-year increase in net profit, reaching ₹72 crore in Q3 FY25, compared to ₹37 crore in the same quarter last year. This marks five consecutive quarters of profitability, driven by growth in health and life insurance policies.

As of February 28, 1:26 PM, PB Fintech Ltd is trading at ₹1,459.05, down 2.78% for the day. Over the past six months, the stock has declined by 16.60%, but it remains up by 25.60% over the past year.

Board Decisions

The company stated that the appointments were made through a competitive selection process involving both internal and external candidates. It also confirmed that Kukreja will assist in the leadership transition over the next few months.

PB Fintech has not announced any additional leadership changes at this time.

Conclusion

PB Fintech has reorganised its leadership at Paisabazaar, with Santosh Agarwal taking over as CEO and Naveen Kukreja shifting to a strategic role. Alongside these changes, new finance heads have been appointed for both Paisabazaar and Policybazaar. 

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