MobiKwik elevates Saurabh Dwivedi to Chief Technology Officer

In a strategic move to strengthen its executive leadership team and drive scale, One MobiKwik Systems Ltd. (MobiKwik) (NSE: MOBIKWIK/ BSE: 544305), India's largest digital wallet, today announced two senior-level promotions aimed at strengthening its core businesses and accelerating product innovation.

Saurabh Dwivedi has been elevated to Chief Technology Officer (CTO), building on his significant contributions since joining MobiKwik in August 2023 as Senior Vice President - Engineering for the company's Payments division. Over the past two years, Saurabh has played a pivotal role in establishing high-performing engineering teams, enhancing infrastructure scalability and building new products. He brings valuable experience from his previous role as VP - Engineering at MakeMyTrip, where he played a pivotal role in scaling the platform.

As CTO, Saurabh will spearhead Engineering for four divisions namely Payments, Financial Services, Core Platform and Infrastructure & InfoSec. This year, MobiKwik's focus is on leveraging AI as a growth catalyst. Saurabh is leading the charter with initiatives such as AI Assisted Product Development, Efficient Collections and Customer Delight. With this, the company aims to scale faster, accelerate go-to-market, drive revenue growth and expand margins through intelligent automation.

At the same time, Dhruv Wadhera has been promoted to Senior Vice President (SVP), Offline Payments. Dhruv has been leading MobiKwik's Offline Payments vertical since June 2023, spearheading its expansion across Bharat. Under his leadership, the business has grown significantly, deepening MobiKwik's on-ground presence and enabling millions of small merchants to adopt digital payments. Prior to MobiKwik, Dhruv served as Vice President and Sales Director at Zomato, where he managed P&L operations across North and East India markets.

"Since joining MobiKwik, Saurabh has demonstrated remarkable leadership in inspiring our engineering team to set high standards for our core product as well as driving innovation through new ideas," remarked Bipin Preet Singh, Co-founder, MD & CEO, MobiKwik. "As we scale new heights, it's vital we have strong leaders at the helm of both technology and distribution. Both Saurabh and Dhruv have demonstrated the acumen to serve our users with excellence, build with foresight and lead with integrity. I'm excited to see them shape the next chapter of MobiKwik's growth story," he added.

Commenting on his promotion, Saurabh Dwivedi, the newly appointed CTO, said, "I am honored to take on this expanded role and excited to shape our AI powered technology vision. MobiKwik has evolved into a diverse fintech platform - consumer payments operates at a significant scale, credit distribution is growing rapidly while our emerging verticals - wealth and payment gateway are still in the innovation phase. My focus will be on building a unified yet flexible infrastructure that serves diverse businesses at different stages of maturity, while maintaining reliability and innovation for our users."

Dhruv Wadhera, newly appointed SVP, Offline Payments, also shared his views on the promotion, "The offline payments space presents an enormous opportunity to empower SMEs and MSMEs across Bharat who are at the heart of India's digital transformation journey. This promotion energizes me to accelerate our mission of bringing accessible payment and financial solutions to every small business, from small towns to remote villages. We are only beginning to realize the potential impact we can have in democratizing digital finance for every Indian."

Shares of One Mobikwik Systems Limited was last trading in BSE at Rs. 254.30 as compared to the previous close of Rs. 262.70. The total number of shares traded during the day was 2269381 in over 22231 trades.

The stock hit an intraday high of Rs. 270.70 and intraday low of 251.20. The net turnover during the day was Rs. 599149185.00.

Source : Equity Bulls

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OneMobikwikSystems INE0HLU01028 Fintech CTO