Propelld, a prominent player in digital education financing within India, has announced the appointment of M. V. Nair to its board as a Director. With over forty years of experience in India's financial services sector, Nair has held pivotal roles in various pioneering companies, serving as an operator, advisor, board member, and investor. He currently holds the position of Non-Executive Chairman at KFin Technologies Limited, a leading registrar and investor servicing entity in India, which recently made its debut on the public market in December 2022. Nair also offers his expertise as an advisor to TransUnion LLC, a globally renowned credit reporting agency, leveraging his extensive tenure as Chairman of Transunion CIBIL, India's largest Credit Bureau, spanning over a decade. Moreover, he provides advisory support to a selected portfolio of private equity and venture-backed firms.
Throughout his esteemed career, Mr. Nair has held significant positions in prominent financial institutions, including Chairman and Managing Director roles at Union Bank of India and Dena Bank. He also served as Chairman of SWIFT India Domestic Services Private Limited and the Indian Banks' Association, showcasing extensive expertise in the banking and financial services sector. His wealth of experience extends to committee memberships under the Ministry of Finance, Reserve Bank of India, Confederation of Indian Industry, and FICCI, emphasizing his involvement in critical financial matters. Presently, he contributes to the advisory committee of the Insolvency and Bankruptcy Board of India (IBBI) and the International Financial Services Centres Authority (IFSCA), underscoring his profound knowledge and leadership in the financial domain.
Bibhu Prasad Das, Founder and CEO of Propelld, expressed enthusiasm about leveraging Mr. Nair's rich expertise to advance the company's mission of democratizing education access. Das highlighted Nair's pivotal role in shaping fintech firms like CIBIL and KFin, and his leadership in several strategically significant financial services institutions. The aim is to establish Propelld as a pioneering institution that revolutionizes education financing. Nair's guidance is expected to fortify Propelld's governance, bolster the company strategy, and foster deeper industry relationships, furthering their commitment to enhancing education accessibility.