DMI Group expands leadership team with key appointments

By Gloria Mathias

DMI Finance, the NBFC arm of the DMI Group (DMI), has announced the addition of two senior executives to its leadership team.

The company has appointed Niraj Khandelwal as the Group Chief Financial Officer (Group CFO) and as Group Treasury Head, subject to requisite approvals, if any.

As DMI’s Group CFO, Niraj Khandelwal will oversee the seamless integration of strategy, policies, and technology across finance, accounting, and taxation functions. This will enable the company to enhance its financial processes and controls in management reporting, financial accounting, and taxation. Niraj brings over 26 years of extensive experience in banking and financial services, specialising in strategy and planning, budgeting, accounting, and economic analysis.

Prior to joining DMI, he held positions at Credit Suisse, IL&FS Investsmart Ltd., and JM Morgan Stanley Direct.

As Group Treasury Head for DMI, Rachit Gupta will oversee fundraising, investments, cash flow and liquidity management, asset-liability management, and banking transactional support for the entire group. He will also manage strategic relationships with various stakeholders to ensure regulatory compliance and establish new processes and policies. Rachit brings over 20 years of extensive experience in both the public and private sectors within the banking and financial services industry. Before joining DMI, he held positions at Sumitomo Mitsui Financial Group (formerly Fullerton India), Edelweiss Financial Services, and Power Finance Corporation.

Shivashish Chatterjee, Co-Founder of the DMI Group, said, “We are excited to welcome Niraj and Rachit to our leadership team. Their extensive experience and deep understanding of the financial sector will significantly strengthen our operational capabilities and ensure that we continue to scale efficiently. At a time when the financial services landscape is rapidly evolving, having leaders with such expertise will ensure that DMI remains agile and competitive.”

Yuvraja C. Singh, Co-Founder of the DMI Group, shared, “These strategic appointments to our senior management team align with our long-term growth objectives. As we continue to innovate and expand, their leadership will be crucial in enhancing our financial and treasury operations while also building strong relationships with stakeholders.”