Kissht appoints PB Fintech Co-founder & Pantaloons CEO to board

Sangeeta Pendurkar, CEO of Pantaloons (L) and Alok Bansal, Co-founder of PB Fintech

Kissht has strengthened its board with the appointment of two seasoned industry veterans, Alok Bansal, Co-founder of PB Fintech (Policybazaar), and Sangeeta Pendurkar, CEO of Pantaloons and Style Up at Aditya Birla Fashion and Retail Ltd. as an independent director ahead of its Initial Public Offering (IPO).

The strategic board expansion will help on enhancing governance and sustainable growth, as the company prepares to file its Draft Red Herring Prospectus (DRHP) by end-July. This thoughtful step will encourage Kissht’s transformation from a fast-growing fintech to a public-market-ready enterprise, underscoring its commitment to long-term value creation and responsible stewardship.

The conversion is part of Kissht’s broader plan to raise funds through its IPO. As per the filings, the IPO will comprise a fresh issue and offer for sale (OFS).

Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, the fintech startup offers secured and unsecured loans across three segments: consumption lending, purchase financing (including via partnerships) and credit for micro, small and medium enterprises.

In 2022, Kissht raised about $80 million from Vertex Growth and Brunei Investment Agency at a valuation of roughly $344 million. Kissht is serving over 10 million customers and recently ventured into secured lending with a digital Loan Against Property offering - extending speed, transparency, and ease of personal loans to large-ticket credit access for underserved segments.

With assets under management (AUM) crossing Rs 4,200 crore in FY25 and total income reaching approximately Rs 1,700 crore in FY24, Kissht enters this next chapter with scale, profitability, and a reinforced leadership team - ready to drive the next wave of digital financial inclusion in India.