PB Fintech appoints Sarbvir Singh as joint group CEO

Listed fintech firm Policybazaar, or PB Fintech, has elevated Sarbvir Singh as an government director being designated as joint group chief government officer, the corporate stated in a inventory trade submitting on August 26.

Singh was initially the chief government of Policybazaar designated as president of Policybazaar Insurance Brokers, the insurance coverage vertical inside PB Fintech. The firm’s cofounder, Yashish Dahiya, will proceed to be the group CEO of PB Fintech.

Its different cofounder, Alok Bansal, is designated as government vice chairman of PB Fintech. The lending vertical of the corporate, Paisabazaar, has Naveen Kukreja as its chief government officer.

Singh has a graduate diploma from IIT Delhi and a masters in business administration from IIM Ahmedabad. Prior to becoming a member of PB Fintech Group in 2019, he was an investor operating WestBridge Capital as its managing accomplice, and earlier than that with Capital18, a part of the Network18 media group.

PB Fintech closed at Rs 753.9 on the BSE right this moment. The present market capitalisation of the corporate was north of Rs 33,000 crore.

In a latest interplay, Singh had informed ET that he’s pushing the brand new business verticals of Policybazaar in a approach that they generate stronger revenues there, and losses can get reined in. Within the brand new initiatives, Policybazaar counts its business within the Gulf, its business by means of bodily brokers and its choices to firms.

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