Greaves Finance Ltd. appoints P. B. Sunil Kumar as CEO to accelerate EV Financing

Greaves Finance Limited, a non-banking financial company (NBFC) and a wholly owned subsidiary of Greaves Cotton Ltd., has appointed Mr. P. B. Sunil Kumar as its new Executive Director & Chief Executive Officer effective 03rd July 2024. In this role, P. B. Sunil Kumar will spearhead the company's efforts to offer convenient and tailored financing options for prospective electric two-wheeler buyers and accelerate the adoption of sustainable mobility solutions across the country through evfin.

Greaves Finance Ltd. launched its groundbreaking financial platform called "evfin" a year ago. evfin is India's first consumer finance technology platform dedicated to electric mobility and other sustainable solutions, supported by an advanced digital lending suite, innovative assets, and management technology.

Mr. P. B. Sunil Kumar has served as an independent director on the board of Greaves Finance Ltd. In a career spanning 25 years, he has worked in diverse sectors like finance, consulting, and healthcare, and has held the positions of Director at Taiki Consulting Private Limited and Vice President at GE Capital Services India. His career encompasses leadership role at ICICI Bank Ltd. He has also worked with Tata Finance Ltd. He serves as an independent director on the board of CDE Asia Ltd., a technology and application provider in the construction industry, and Doctor Sand Ltd.

As the Executive Director & CEO of Greaves Finance Limited, Mr. P. B. Sunil Kumar will bring his extensive experience and visionary leadership to drive the company's strategic initiatives and introduce operational efficiencies.

Mr. P. B. Sunil Kumar said, "India is witnessing unprecedented EV adoption facilitated by rapid infrastructure growth, a favourable regulatory framework, and mass consumer awareness. I am honoured to take on the role of CEO at Greaves Finance Ltd., a company dedicated to delivering tailored financing solutions for electric two-wheelers. I look forward to contributing to the catalysis of EV adoption in India and steering the industry towards democratising the EV experience."

Mr. P. B. Sunil Kumar is a Chartered Accountant with a Bachelor of Commerce degree from Badruka College of Commerce and Arts, Telangana.

Shares of Greaves Cotton Limited was last trading in BSE at Rs. 159.75 as compared to the previous close of Rs. 147.90. The total number of shares traded during the day was 696494 in over 8540 trades.

The stock hit an intraday high of Rs. 162.80 and intraday low of 148.55. The net turnover during the day was Rs. 110606910.00.

Source : Equity Bulls

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