Sachin Bansal steps down as CEO of Navi Technologies, Navi Finserv; paves way for new leadership

Sachin Bansal resigns as CEO of Navi Technologies: In a major leadership shake-up, Sachin Bansal has stepped down as the Chief Executive Officer of Navi Technologies and Navi Finserv. However, he will continue to play a key role in the company’s future as the Executive Chairman of the Navi Group.

As part of a broader restructuring effort, Rajiv Naresh and Abhishek Dwivedi have been appointed as the new CEOs of Navi Technologies and Navi Finserv, respectively. Both have been integral to the organisation since its inception in 2018, holding various leadership roles over the past six years.

Announcing his decision, Bansal called the transition a “strategic milestone” that would enable the company to sharpen its long-term vision. “Rajiv and Abhishek have been instrumental in our journey so far, and I am confident they will drive Navi’s continued growth,” he said.

Bansal, who co-founded Flipkart before launching Navi Finserv in 2018, has been at the forefront of transforming the digital lending and financial services space in India.

RBI’s Regulatory Action on Navi Finserv

Navi Finserv has recently been in the eye of the storm after facing regulatory hurdles when the Reserve Bank of India (RBI) imposed restrictions on the company in October 2024 over non-compliance issues. The sanction barred the non-banking financial company (NBFC) from disbursing loans.

However, after multiple rounds of review, the RBI lifted the restrictions in December 2024. The central bank stated that it was satisfied with the corrective measures taken by the company, including improvements in compliance, internal processes, and adherence to regulatory norms.

With a fresh leadership team and renewed regulatory compliance, Navi Group is now set to navigate the next phase of its expansion in the financial services sector, the company's statement said.