Brands
India’s fastest-growing credit-on-UPI platform Kiwi appoints Sumeet Basrani as chief business officer
Fintech shifts from early adoption to mass distribution through bank and ecosystem partnerships
BENGALURU: Kiwi is gearing up for its next growth sprint, bringing in Sumeet Basrani as chief business officer to turn early traction into mass-market scale. The credit-on-UPI platform is now pivoting from product adoption to aggressive distribution, betting on deeper bank and ecosystem tie-ups to widen access.
Basrani arrives with over 15 years in cards and payments, with stints at CRED, OneCard, ICICI Bank and Visa. At CRED, he helped build and scale partnerships across credit cards, payments and lending with banks and financial institutions, experience Kiwi is now counting on as it looks to expand its footprint.
The mandate is clear: take credit on UPI from a promising innovation to a mass product. Kiwi is aiming to unlock access for millions, aligning its push with shifting consumer behaviour while moving from product strength to market scale.
“This is a natural next step for us. As we grow, it becomes important to have leadership that can translate market shifts into clear business and product decisions. Sumeet understands how banks, networks and consumer platforms intersect, which is exactly where Kiwi is building. His experience in scaling businesses will be critical as we take credit on UPI to a much larger audience,” Siddharth Mehta, co-founder, Kiwi, said.
Basrani sees a market on the cusp. “Credit on UPI is at an inflection point; early adoption is visible, but the real opportunity lies in embedding credit seamlessly into everyday payments, while expanding access to credit. Kiwi is well-positioned to lead this shift, and the next phase will be about scaling distribution and unlocking new use cases for credit,” he said.
Founded as Gokiwi Tech, the startup is positioning itself at the centre of India’s evolving payments stack. It was the first to offer credit on UPI via RuPay cards in partnership with banks, and has already issued over 2 lakh such cards in under two years. The ambition is blunt: become the leading issuer of RuPay credit cards by 2026.
With leadership muscle added and distribution in focus, Kiwi is no longer just testing the waters. It is diving headfirst into the race to own credit on UPI at scale.
Brands
Aditya Birla Fashion & Retail reshuffles top deck; Nikhil Modha to take over as CFO
Phased transition sees Marco Agnolin head OWND!, Nikhil Modha lined up as CFO as company readies next growth leg
MUMBAI: Aditya Birla Fashion & Retail is redrawing its leadership map, lining up a new generation of executives across key roles as it prepares for its next phase of growth.
The company has named Suraj Bahirwani as chief executive (designate) of Pantaloons, effective April 1, 2026, with a full transition to the top role slated for October 1, 2026. He will also be designated as senior managerial personnel.
A two-decade veteran of the Aditya Birla Group, Bahirwani joined as a group management trainee in 2002 and has since held a string of leadership roles across retail and manufacturing. His resume spans stints at Aditya Birla Retail, a tenure as chief operating officer of Pantaloons, and most recently, head of global sales at the group’s cellulosic fibres business, where he drove international expansion and strengthened value-added portfolios.
Academically, he holds a PhD from the University of Mumbai, a postgraduate management diploma from SP Jain Institute of Management and Research, and is a chartered accountant. Over the years, he has picked up multiple chairman’s awards, including distinguished achiever, exceptional contributor and accomplished leader.
The transition at Pantaloons will be staged. Incumbent chief executive Sangeeta Tanwani will continue until September 30, 2026, steering the handover before moving into an advisory role to the managing director from October 1, 2026. She is set to retire on January 31, 2027, at which point she will step down as whole-time director and key managerial personnel.
Alongside, the company has brought in Marco Agnolin as chief executive of OWND! and senior managerial personnel, effective April 6, 2026. Agnolin arrives with over three decades of global experience, having held senior roles at Inditex, where he helped expand Zara in Italy, and later served as chief executive of Bershka and Diesel. His track record spans fast fashion, brand turnarounds and youth-focused retail.
On the finance side, Nikhil Modha has been appointed chief financial officer (designate) and senior managerial personnel from April 1, 2026. He will assume full charge as chief financial officer and key managerial personnel from January 1, 2027.
Current chief financial officer Jagdish Bajaj will oversee a phased transition until December 31, 2026, before retiring and stepping down from his roles.
The reshuffle signals a calibrated succession plan rather than a sudden overhaul, with the company staggering exits and appointments to ensure continuity even as it refreshes leadership across verticals.
As Aditya Birla Fashion & Retail juggles legacy brands and new-age formats, the message is clear: steady hands for the present, sharper ones for the future—and no pause in the push for scale.
