Greaves Finance appoints Mukul Kanchan as ED and CEO

Greaves Finance, the wholly owned subsidiary of Greaves Cotton, has appointed Mukul Kanchan as its Executive Director & Chief Executive Officer, effective 01 October 2026, subject to necessary approvals.

Mukul brings nearly two decades of experience across lending, corporate finance, private equity and M&A. He joins from Bengaluru-based employee benefits platform Plum, where he served as CFO, leading finance, legal, compliance, fundraising, investor relations and strategic transactions. Earlier, he spent six years at Clix Capital, playing a key role in its 2016 acquisition of GE Capital's India lending businesses. He began his career with The D. E. Shaw Group and EY in private equity, investment banking and advisory roles. Mukul holds an MBA in Finance from ICFAI Business School (IBS), Hyderabad.

Mukul will lead GFL's next phase of growth, scaling tailored financing for electric two-wheeler buyers through ev.fin, its 100% EV-focused lending platform. Launched in 2023, ev.fin is GFL's consumer finance technology platform for electric mobility. It works with EV manufacturers and their dealer networks to offer financing at the point of sale, serving customers across 86 cities.