Greaves Finance, a subsidiary of Greaves Cotton, announced on Tuesday the appointment of Mukul Kanchan as Executive Director and Chief Executive Officer. Kanchan will lead the expansion of the company's electric vehicle financing platform, ev.fin.
In his new role, Kanchan will focus on improving point-of-sale financing tie-ups with EV OEMs, including Greaves group brand Ampere, broadening its retail footprint. The ev.fin platform was launched in 2023 and provides point-of-sale EV financing across 86 cities.
Who Is Mukul Kanchan? Experience and Education
Kanchan brings nearly two decades of financial sector experience across corporate finance, lending, private equity, and mergers and acquisitions. He joins Greaves Finance from Plum, where he served as Chief Financial Officer. He holds an MBA in Finance from ICFAI Business School, Hyderabad.
Mukul Kanchan on Access to Credit for Electric Two-Wheeler Buyers
"Electric two-wheelers are fast becoming the everyday choice for India's commuters, gig workers and small businesses, and access to simple, fair credit is often what turns that intent into ownership. I am delighted to join Greaves Finance, and I look forward to scaling the business responsibly," Kanchan stated.