Piramal appoints Saurabh Mittal as chief technology officer of retail finance

By Leandra Monteiro

Piramal Capital and Housing Finance Ltd announced the appointment of Saurabh Mittal as chief technology officer (CTO) of its retail finance business. As the CTO Saurabh will lead the technology strategy towards building the Tech and Artificial Intelligence (AI)-led lending business, creating a cloud-native tech-stack. He will also work towards building a an engineering team focussed on developing and managing technology for both customer and partner-facing business platforms of Piramal Retail Finance.

Having previously worked with Amazon India Saurabh brings with him, close to two decades of experience. Earlier, he was also CTO at Medlife, where he played an instrumental role in enabling business growth from scratch to a revenue of over US$ 100 million. Prior to working with Medlife, he headed the server development group at Nokia Life, a Value Added Services (VAS) division of Nokia.

Commenting on the appointment, Jairam Sridharan, Chief Executive Officer, Piramal Retail Finance said, “We are delighted to welcome Saurabh Mittal to Piramal Retail Finance. Our Retail Finance business aims to become the lender of choice to small businesses and budget customers of Bharat through a business model that is ‘Digital at its Core’. Saurabh’s deep technology expertise will help Piramal build a new-age, innovative, multi-product retail lending platform. Through a phygital strategy, differentiated product and distribution, Piramal aims to serve Bharat at scale.”

Saurabh Mittal, Chief Technology Officer, Piramal Retail Finance said, “I am excited to join Piramal’s Retail Finance business and look forward to driving disruptive innovation in lending technology, enabling hyper-personalized experiences for customers and businesses, and transforming the way lending works for the unserved customers in Bharat.”

Saurabh holds a Master of Technology (M.Tech) Degree and Bachelor of Technology (B.Tech) Degree in Electrical Engineering under the Dual Degree Program from IIT Bombay.