Ahmedabad, Gujarat, India, April 2025 — Prashant Joshi has been appointed as Chief Executive Officer of Lendingkart, following the recent acquisition of a majority stake in the MSME-focused lending startup by Temasek-owned Fullerton Financial Holdings. The appointment, reportedly approved by Lendingkart’s board on March 28, marks a significant leadership shift as the company gears up for its next phase of growth.
Joshi brings over 30 years of experience in the banking and financial services industry, with deep expertise across retail banking, SME lending, and corporate banking. He most recently served as Managing Director and Head of Consumer Banking Group at DBS Bank, where he led the growth of key banking verticals including deposits, wealth management, credit cards, and business banking across 600+ branches.
Before DBS, he was Managing Director and Chief Operating Officer at IndoStar Capital Finance Ltd., where he helped build the SME and housing finance business while leading operations, technology, and infrastructure. His career also includes leadership roles at Deutsche Bank as Managing Director – Private and Business Clients, Standard Chartered Bank as General Manager – SME Banking, and IDBI Bank as Head – Retail Assets. He started his career with project finance roles at ICICI Limited and Rabo India Finance.
Joshi’s appointment aligns with Lendingkart’s broader strategy to strengthen its long-term growth prospects, enhance technological capabilities, and deepen its reach into underserved markets. With the capital infusion from Fullerton Financial Holdings, the company is well-positioned to scale sustainably and foster financial inclusion for small businesses across India.
Lendingkart Group aims to make working capital finance accessible at the fingertips of entrepreneurs, enabling them to focus on business growth rather than cash-flow challenges. Lendingkart Technologies Private Limited, a fintech startup, offers tools that leverage big data analysis to assess creditworthiness. Lendingkart Finance Limited, a non-deposit taking NBFC, transforms small business lending through rapid and accurate credit assessment using advanced analytics and technology.
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