Tag: Bhavin Patel

Business, Technology

Aarav Solutions Appoints Bhavin Patel as Vice President of Global Operations

Nov 11, 2021 by Rekha Nair 0 Comments #Bhavin Patel, #Founder CEO of Aarav Solutions, #Raj Darji, #the newly appointed VP of Global Operations

National: Aarav Solutions, a global product engineering and IT consulting services based out of New Jersey, USA has announced that Bhavin Patel has joined the organization as Vice President of Global Operations. He will be based out of the UK and handle the European market as well as the global operations. Bhavin was previously the Chief Data Analytics Officer & Head of Data Management at AXA Insurance (a global insurance major), where he led a team of data & analytics professionals to transform and adopt modern data & digital technologies within the UK Health business.

“Aarav Solutions over the last nine years has been growing massively year-on-year and expanding into newer markets. We recently launched our corporate office in the UK and we are happy to welcome on to our global leadership team a financial services veteran with over two decades of experience. This is a new phase of growth for us and under Bhavin’s leadership we will scale up and accelerate our IT consulting services and products business both in the European region as well as markets globally. We are very excited about the huge opportunities in the Digital Transformation space,” said Raj Darji, Founder CEO of Aarav Solutions.

In his new role, Bhavin will be responsible for strengthening key client relationships and strategic accounts; grow Aarav Solutions into a reliable consulting partner; elevate Aarav Solutions project governance teams; take care of the newly bagged mandate with its implementation and roll-out in UK embedding robust governance and scalable best-in-class operations.

“Over the last few years, I have been tracking the success and growth of Aarav Solutions,” said Bhavin Patel, the newly appointed VP of Global Operations, “and I am delighted to join Raj and others as part of the leadership team and looking forward to exploring exciting new terrains for the organization in the global markets. I have been associated with Aarav Solutions over the years, benefiting as a customer, and have had first-hand experience of the value that the company brings to any Finance or Digital Transformation programme.”

Bhavin Patel has over 20 years of global leadership experience across finance, data, and digital transformation roles. With a sharp understanding of data and analytics, Bhavin has worked on finance and accounting transformation projects that cover billing, reporting, and activity-based costing initiatives. He holds a degree in Business Studies & Business Information Systems from Middlesex University and started his career working with Oracle technologies. After a brief stint with Thomson Reuters, he joined Equifax and spent 13 long years with them and held various global leadership positions before joining AXA Health Insurance as Head of Data Management in 2019. His last assignment there was Chief Data and Analytics Officer where he led a robust team of data and analytics professionals.

Business, Technology

LenDenClub selected for ‘Microsoft for Startups’; aims to minimise NPAs and Frauds

Sep 24, 2021 by Rekha Nair 0 Comments #Bhavin Patel, #Co-founder & CTO, #Dipesh Karki, #Founder & CEO, #LenDenClub

Mumbai: LenDenClub, India’s leading Peer-to-Peer(P2P) lending company, announced its induction into ‘Microsoft for Startups’, a global program dedicated to accelerating the growth trajectory of high-potential start-ups. The engagement will help LenDenClub leverage Microsoft’s technology and innovation to build a robust tech ecosystem and reduce NPAs to less than 1%. This comes at a time when LenDenClub has been consistently achieving the lowest NPAs in the industry. Additionally, the technology-backed program will aid in further accelerating the company’s future growth plans in expanding its market footprint whilst tackling operational bottlenecks including frauds.

‘Microsoft for Startups’ is a global initiative by Microsoft that helps tech startups develop and scale their organisation. It recognises companies that offer a ground-breaking tech-backed solution to help customers transform digitally.

LenDenClub will use Microsoft Azure’s comprehensive machine learning (AI/ML) capabilities to reach a wide-scale audience in a short time, with built-in redundancy and security. Apart from technology, the platform will provide us an access to network companies of Microsoft, spread across the country and globe for collaborations besides mentorship and business support.

Speaking on the occasion, Bhavin Patel, Founder & CEO, LenDenClub, said, “We’re honoured to be among such a select group of companies from around the world chosen to join the ‘Microsoft for Startups’ program, and we plan to leverage this excellent opportunity to its fullest. This recognition comes in at a critical juncture, as we are preparing to transition to a new growth phase. In our journey so far, on the back of innovative technology and expertise, we have transformed ourselves into a revenue generator. As we grow and evolve we aim to leverage technology optimally to further accelerate the financial inclusion agenda to support borrowers with hassle-free loans, even in the remotest parts of the country, besides offering a new-age investment option for investors.”

Speaking on the occasion, Dipesh Karki, Co-founder & CTO, LenDenClub, said, “It is a motivational moment for us. Accessing Microsoft’s high-end technological capabilities, including AI and ML, will accelerate our systems. The benefits of the program are remarkable. With its usage, we aim to provide an experience to our customers and partners. Our tech infrastructure will get further strengthened from any frauds or data breaches with our collaboration.”

LenDenClub, over the years, has reflected steady & consistent growth that has led to the selection for the program. The P2P lending platform that offers a host of technology backed innovative solutions has witnessed exponential growth and achieved many milestones since its inception. The platform has witnessed 16X growth in its lending activity, which has grown from 60 crores of annual disbursals in FY20 to 1,000 crores in the current year. It is the only company to become profitable in the P2P lending space. Additionally, in the financial year 2020-21 alone, it crossed more than 500 crores of loan disbursements. Additionally, it expanded its flagship digital lending platform InstaMoney to pan-India, available across all 19,000 pin codes. The company has one of the lowest NPA in the unsecured digital lending space at 3.95% as of March 31st 2021.