Bhavesh Jain is promoted to managing director and CEO by TransUnion CIBIL.

Rajesh Kumar has been replaced as Managing Director and CEO of TransUnion CIBIL by Bhavesh Jain. For the previous five years, Jain, who had a solid experience at Citi and Kone, was CIBIL's top revenue officer. His main goals are to encourage financial inclusion and increase credit availability in India.BENGALURU: According to a statement released today, TransUnion CIBIL, an insights and information organization, has named Bhavesh Jain as its managing director and CEO.Jain takes over for former CEO and managing director Rajesh Kumar, who recently left the position after five years.

For the previous five years, Jain served as TransUnion CIBIL's chief revenue officer. Throughout his decades-long career, he has held positions at Citi and Kone."Bhavesh is a successful leader who is passionate about fostering the expansion of India's economy. Todd Skinner, president of TransUnion International, stated, "He is focused on our role in advancing sustainable access to credit for millions of people and commercial entities to advance financial inclusion and ease of doing business." "The business is always striving to offer solutions that empower businesses and consumers. We wish to increase trust between the two in a world that is becoming more and more digital.The company provides services to MSMEs, corporate and individual customers, and the financial industry. Banks, financial institutions, NBFCs, home finance companies, microfinance companies, and insurance companies are among its clients in India.