Siddharth Mahanot joins JK Cement as CEO – Financial Services
JK Cement has appointed Siddharth Mahanot as Chief Executive Officer – Financial Services, effective January 2026.
In this role, he will lead the company’s financial services strategy, focusing on strengthening credit and risk management, and on developing compliant growth aligned with JK Cement’s broader business objectives.
Extensive Experience and Background
A seasoned leader in India’s financial services and fintech ecosystem, Siddharth brings over two decades of experience across retail, MSME, and secured and unsecured lending.
He is best known as the Co-founder and former Executive Director & COO of Indifi, a leading digital MSME lending platform.
During his nearly decade-long tenure, Indifi scaled from an early-stage startup into a market-leading fintech, with assets under management exceeding ₹2,500 crore and cumulative loan disbursements exceeding ₹6,000 crore across more than 100,000 loans.
At Indifi, Siddharth oversaw critical functions including Credit & Risk, Collections, Finance, Treasury, and Compliance, while championing a technology-led, customer-first approach to improve access to credit for underserved small businesses.
His leadership was instrumental in building high-performing teams, forging strong lender partnerships, and navigating India’s evolving regulatory landscape.
Prior to Indifi, Siddharth spent 14 years with institutions such as Citibank, Edelweiss Financial Services, ICICI Bank, and Indiabulls Housing Finance, gaining deep expertise across mortgages, SME and commercial lending, microfinance, and product development.
An alumnus of IMT Ghaziabad and Delhi University, at JK Cement, he is expected to drive innovation, responsible lending practices, and scalable financial solutions to support long-term growth.
About JK Cement Ltd
JK Cement Ltd is a major cement manufacturer in India, producing grey and white cement along with wall putty and allied products. The company has a strong domestic footprint and exports globally, with operations across multiple states and international subsidiaries
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