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QuiD Cash ropes in ex-Paytm COO Bhavesh Gupta as senior advisor
MUMBAI: QuiD Cash has added serious fintech muscle to its leadership bench. The fast-growing B2B supply-chain fintech has appointed Bhavesh Gupta, former president and chief operating officer of Paytm, as senior advisor and chief mentor.
The move comes as QuiD Cash sharpens its focus on simplifying payments and unlocking faster working capital for India’s vast MSME ecosystem. Gupta’s entry marks a strategic step in the company’s ambition to build scalable, technology-first credit solutions across supply chains.
With over 25 years of experience, Bhavesh Gupta is no stranger to building businesses at speed and scale. From shaping fintech ventures from zero to one, to growing them into billion-dollar enterprises and taking them to IPO, his career spans some of India’s most influential financial institutions. His leadership journey includes roles as president and COO at Paytm, CEO and founding member of Clix Capital, and senior positions at IDFC Bank and ICICI Bank, where he led SME and business banking verticals.
At Paytm, Gupta played a key role in expanding one of India’s largest digital ecosystems, overseeing operations across payments, lending, commerce and financial services. Known for his sharp execution and deep understanding of MSME behaviour, he has consistently navigated growth alongside regulatory and credit complexity.
Commenting on his association with QuiD Cash, Gupta highlighted the untapped potential of supply-chain finance in India. MSMEs contribute nearly 30 percent to the country’s GDP, yet many continue to struggle with working-capital gaps. Technology-led supply-chain finance, he noted, can improve cash flows, unlock liquidity and strengthen domestic supply chains. Platforms that combine smart credit intelligence with seamless execution, he added, will shape the future of MSME financing.
Founded to make working capital faster and simpler, QuiD Cash offers end-to-end supply-chain finance solutions for distributors, vendors and retailers. Its platform enables quicker invoice financing, flexible credit limits and data-driven risk assessment by working closely with anchors, lenders and ecosystem partners.
Welcoming Gupta on board, QuiD Cash co-founders Subhash Gupta and Vikram AG said his experience in building category-defining platforms would be a strong catalyst for the company’s next phase of growth. “His strategic perspective and operational depth will help us make payments and working capital access truly frictionless for MSMEs,” they said.
With a seasoned mentor now in its corner, QuiD Cash is betting big on smarter credit, smoother flows and a stronger backbone for India’s supply chains.
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YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
