Shriram Capital has hired Ajay Thomas John as Group Chief Digital Officer to lead the digital transformation at the company. He has been hired from Bajaj Finserv where his last designation was Head – Digital Strategy, Transformation and Fintech.
Key points to note –
- Shriram Capital (SC) is the holding company of Shriram Group comprising Shriram Transport Finance Company (STFC) and Shriram City Union Finance (SCUF). As per recent reports, a restructuring of the group may be announced soon whereby SC, STFC and SCUF may be merged into one entity.
- Shriram group in general has been quite vocal about adopting technology and has taken some initiatives in this direction
- SCUF recently launched artificial intelligence (AI) enabled two-wheeler loans
- STFC is the first company to use blockchain to issue digital fixed deposits.
Ajay has a good track record of working in this domain especially in the fintech space. (Linkedin Profile link)
His hiring does seem to be another step in the right direction.