TransUnion CIBIL appoints Bhavesh Jain as Managing Director and CEO

Mumbai, December 12, 2024: TransUnion CIBIL, India’s leading insights and information company, today announced the appointment of Bhavesh Jain as Managing Director and CEO. Jain will continue the important work of former Managing Director and CEO Rajesh Kumar, who recently resigned from the role after five years in post, spanning a significant period for the business including COVID-19 and beyond.

In recognition of Kumar’s decision, TransUnion CIBIL’s Chairman, V Anantharaman, said: “Rajesh has communicated his decision to move on and take some time for himself and his family after a continuous 32-year career in financial services. We thank Rajesh for his significant contribution to TransUnion CIBIL’s evolution and respect and acknowledge his decision. The company has grown significantly under his leadership, and we wish him the very best as he embarks on his next phase in life.”

Jain is promoted to Managing Director and CEO of TransUnion CIBIL having been Chief Revenue Officer at TransUnion CIBIL for the last five years. In a career spanning decades, he has gained significant financial services experience, with previous roles at Thomson Reuters, Citi and Kone. He holds a master’s in management studies from the Welingkar Institute of Management and a bachelor’s degree in engineering from VESIT, both at Mumbai University, and he completed the Senior Executive Leadership Program at Harvard Business School.

“Bhavesh is an accomplished leader with a passion for helping India’s economy continue to grow. He is focused on TransUnion CIBIL’s vital role in driving sustainable access to credit for millions of people and commercial entities to advance financial inclusion and ease of doing business,” said Mr. Todd Skinner, President, TransUnion International.

Commenting on his appointment, Jain said, “TransUnion CIBIL works constantly to provide solutions that empower consumers and businesses. In an increasingly digital world, we want to strengthen trust between the two so they can achieve great things. I’m excited to be leading such a talented team and to be able to continue to build on the great work we have already done in the market for the benefit of all.”