Tech-led non-banking financial company (NBFC) Kuhoo Finance has named Vineet Mahajan as its new Chief Financial Officer (CFO), marking a significant leadership move as the firm accelerates its mission to expand access to affordable education financing across India.
Mahajan, a Chartered Accountant with over 25 years of experience in the BFSI sector, brings deep financial acumen from leadership roles at Aavas Financiers, Edelweiss and Deutsche Postbank Home Finance. His expertise spans financial strategy, governance and fundraising—core pillars crucial for Kuhoo’s next phase of growth.
The appointment follows Kuhoo’s recent approval from the Reserve Bank of India (RBI) to operate as a licensed NBFC. This milestone allows the company to lend directly from its own balance sheet and roll out a broader range of education loan products catering to undergraduate, postgraduate and professional upskilling programs.
In his new role, Mahajan will oversee the implementation of robust financial governance, compliance with RBI norms and the automation of finance operations to boost transparency and efficiency. He will also drive efforts to develop a scalable liability management framework through co-lending partnerships and securitisation strategies.
Mahajan’s leadership is expected to support Kuhoo in lowering its cost of capital by up to 30% and keeping gross NPAs below 1% over the next fiscal year. Additionally, his mandate includes preparing Kuhoo’s financial systems and structures in anticipation of a potential IPO.
