Bengaluru, November 20, 2023: Niyo, India’s leading digital banking fintech that is revolutionizing the travel-banking ecosystem in India announces C-suite elevations of its leadership team. The company has elevated key team members – Sai Sankar M as Chief Business Officer for Global Banking, Tushar Verma as Chief Business Officer for Mass & Affluent Banking, and Mrigank Shekhar as Chief Product Officer.
Niyo’s decision to elevate these key members within its products and business teams highlights its determination to further expand its global and mass banking operations while consistently introducing innovative product offerings that add value to consumers. Sai Sankar M, one of the first leaders who joined Niyo in 2016, brings nearly two decades of banking experience to his new role as Chief Business Officer for Global Banking. He will lead business initiatives to enhance Niyo Global that currently serves 1.5 million customers.
Tushar Verma, a seasoned banker with over two decades of experience, has been with Niyo for over five years and has made significant contributions to building the mass and affluent banking business – NiyoX, which now serves more than 4 million customers. Mrigank Shekhar, a four-year veteran at Niyo, will play a pivotal role as Chief Product Officer, shaping the development of innovative product solutions that continue to distinguish Niyo in the industry.
Vinay Bagri, Co-founder and CEO, Niyo said, “At Niyo, we deeply value and acknowledge the contributions of our leadership team over the years. With these strategic elevations, Sai Sankar, Tushar Verma, and Mrigank Shekhar, each with their deep industry knowledge and experience, will continue to play key roles in our journey towards innovation and excellence. We are confident that their leadership will further our commitment to delivering excellence in banking services and forging new paths in the Fintech space, ultimately benefiting our valued customers.”
Sai Sankar M, Chief Business Officer – Global Banking, Niyo said, “I am deeply honoured and thrilled to take on this new role at Niyo. Innovation is at the heart of Niyo. Over the past seven years, I have spearheaded various innovations within the travel banking space, many of which have become industry norms. As the world continues to grow closer, my goal is to position Niyo Global as a leading player in travel led banking.”
Tushar Verma, Chief Business Officer – Mass & Affluent Banking, Niyo said “I am thrilled to be elevated to this new role. Mass banking holds a great opportunity to reach consumers and provide simplified banking solutions. In this new role, I will focus on delivering high-quality financial solutions to a broader and diverse consumer base with NiyoX and many more banking partners that we plan to bring on board.”
Mrigank Shekhar, Chief Product Officer, Niyo shared his excitement to take on this new role and said, “I am truly delighted to step into the role of Chief Product Officer at Niyo. I am excited about the opportunity to shape the development and deployment of innovative features and solutions to transform the entire banking experience. Our commitment to delivering exceptional banking services and forging new paths in the Fintech sector remains resolute, and I am excited to contribute to this mission.”
