At Navi, Sachin Bansal takes over as chairman and names new CEOs.

Entrepreneur Sachin Bansal will take over as executive chairman of Navi Group, which includes Navi Finserv, the company's lending segment, and Navi Technologies, its technology subsidiary. Bansal, the CEO and co-founder of both businesses in 2016, will now concentrate on strategic projects.The Navi board authorized the nomination of Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv during a board meeting on Friday. Since the beginning, both have been a part of the group.In an exclusive interview with ET, Bansal, cofounder of Navi Group, stated, "As the group's operations have grown, it has become more difficult to manage everything on my own.

"It was simpler when the business was smaller. While the respective CEOs, who have been with the company for six years, can focus on the day-to-day management of the businesses, this restructure enables me to concentrate on areas where I can contribute the greatest value."In his new position, Bansal will be responsible for pushing mergers and acquisitions, investigating growth prospects for Navi, and improving the organization's risk management and compliance systems.