Moneyboxx Finance, a BSE-listed non-banking finance company focused on micro-enterprise lending in semi-urban and rural India, has strengthened its leadership team with the appointment of Raj Bans Lal as National Credit Head.
Lal, brings over 24 years of experience in credit underwriting, risk management, and SME lending, and will lead the company’s credit function and help fortify its underwriting practices as it expands its reach across 12 states.
He previously served as National Credit Manager at IndusInd Bank, where he oversaw pan-India credit operations for Micro and MSME loans. His career spans roles at Bajaj Finance, DHFL, Magma Housing Finance, Capital First, and Standard Chartered Bank.
Welcoming him to the team, Deepak Aggarwal, Co-founder and CFO at Moneyboxx, said, “His in-depth understanding of credit risk, experience across lending verticals, and proven track record in scaling credit operations make him an invaluable asset for Moneyboxx.”
On his new role, Lal said, “The company’s strong growth trajectory and mission-led culture resonate with my aim to solve the MSME credit gap within India. I look forward to contributing to its next phase of expansion.”
The appointment comes amid strong growth for Moneyboxx, which saw a 27% year-on-year rise in Assets Under Management (AUM) as of March 2025. The company now operates 163 branches across states including Rajasthan, Tamil Nadu, and Uttar Pradesh, with a focus on offering loans between ₹1 lakh and ₹10 lakh to underserved micro-enterprises.
