Moneyboxx appoints Mr. Praveen Gupta as Chief Impact Officer

Moneyboxx Finance Limited, a BSE listed NBFC has appointed industry veteran Praveen Gupta as its Chief Impact Officer.

Co-founder of a renewable energy company BetterPower, Gupta has varied corporate experience of over 15 years He has worked as Chief Operating Officer of Manipal Green Tech India Pvt Limited (a Manipal Group company), where he was responsible for setting up a renewable energy business for the group.

Before Manipal Group, Mr. Gupta worked as AGM with Renew Power, a Goldman Sachs company & one of the largest Independent Green Power Producing companies in India, and as Senior Manager-Sustainability with Infosys Limited.

He is also a member of various industry bodies and has worked with the different regulatory agencies responsible for promotion of renewable energy.

"We are delighted to have Mr. Praveen joining us," said Mr. Deepak Aggarwal, Co-Founder and CFO of Moneyboxx "His impeccable credentials and proven track record leave us with no doubt that he will be an excellent addition to the Company Praveen will lead Moneyboxx initiatives in improving lives of our customers through higher business efficiencies across segments with higher milk yields for livestock customers, increasing income for agri-farmers and improving supply-chain for other retail borrowers and thus, creating significant positive impact on our customers."

India is an emerging economic power with great potential given its young and large population base, however, limited capital, low investments in research & innovations, skills gap poses a challenge of limited employment opportunities. In this scenario, it is important that everyone gets a fair chance to contribute to the country's economic development & access to capital becomes the most important anchor to start that journey.

"Moneyboxx provides that anchor & my role is to see how that anchor provides multiple levers to enrich that journey of our customers. I look forward to this role and hope to contribute to the company's growth and its stakeholders in a meaningful manner," said Mr. Praveen Gupta, while expressing happiness on his association with Moneyboxx Finance.

Shares of Moneyboxx Finance Ltd was last trading in BSE at Rs. 70.7 as compared to the previous close of Rs. 67.35. The total number of shares traded during the day was 24477 in over 67 trades.

The stock hit an intraday high of Rs. 70.7 and intraday low of 67. The net turnover during the day was Rs. 1677507.

Source : Equity Bulls

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