Boosting the financial lives of merchants of underserved MSME segment
Piyush Khaitan is a seasoned operating executive who has successfully founded a number of companies, and built and operated them to high levels of success. He was the Managing Director of Venture Infotek until its divestment in 2010 and had established DEI, India’s largest secure card personalisation bureau,
which later merged with Venture Infotek.
He has also worked closely with card networks, the RBI, and Indian Banks’ Association to frame policies and provide direction to the card payments industry in India. He was Founder Chairman of the ‘ePayments Focus Group’ of the Smart Card Forum of India (SCAFI) from 2000 through 2005. PK has a degree Mumbai University and has undergone Small & Medium Enterprises Programme (SMEP) at IIM, Ahmedabad.
Piyush Khaitan is an avid reader and keeps himself abreast with the latest technological developments around the world.
He has created a channel for smooth financing across SMEs in India by leveraging technology to increase the growth of India’s SME lending ecosystem and is keen on revealing how the small and medium business in India can make use of technology for their growth.
Across India, the MSME lending landscape is now shifting, with formalisation and digitisation driving the market toward disruption. The biggest challenges concerning this segment in accessing traditional finance are long processing times, lack of transparency in timelines, and insufficient loan sizes.
Piyush Khaitan finds value in educating MSME entrepreneurs through his research and writes on the flexible payment modes a small business can opt for, and how digitisation in lending is a key to unlocking the growth of SMEs.