Cashinvoice, a digital marketplace for Supply Chain financing, has appointed Govind Sankaranarayanan to its board of directors. He was the chief financial officer and chief operating officer of Tata Capital, according to the statement.
Earlier, Sankaranarayanan had spent a decade establishing a financial services powerhouse. He was also CFO at Tata Communications Ltd. Sankaranarayanan has also been a board director at Tata Capital Housing Finance, Tata Teleservices Maharashtra, Tata Motors Drivelines, VSNL International, etc. He is a board member of IndiaLends, Credright, and ECube Investment Advisors, among others.
“I look forward to joining the board of Cashinvoice, which was founded by my former colleagues at Tata Capital. Digital supply chain finance—by streamlining working capital—helps cut costs for companies and drives growth for vendors and dealers,” he said. “Cashinvoice is well placed to transform this space with its deep understanding of finance and digital technology.”
Commenting on the appointment, Cashinvoice CEO Arun Poojari said, “Govind’s extensive board-level experience and track record of helping new businesses on their growth journey will be invaluable for Cashinvoice.”
Sankaranarayanan is an alumnus of London Business School, IIM Bangalore, and BITS Pilani.
Cashinvoice comes under the ambit of the government’s Startup India initiative. The platform grew 12x in FY21 and is currently a fast-emerging solutions provider in the invoice discounting and dealer finance space.
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