TransUnion CIBIL CEO Rajesh Kumar quits; Bhavesh Jain elevated as successor

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TransUnion CIBIL CEO Rajesh Kumar quits; Bhavesh Jain elevated as successor - Business Standard

Quick Summary:

Credit information company TransUnion CIBIL Ltd on Thursday said Rajesh Kumar, its chief executive and managing director for the past five years, has resigned "recently".

The credit information company said it has elevated Chief Revenue Officer Bhavesh Jain to the position vacated by Kumar, who resigned citing personal reasons.

The announcement of the top executive's departure comes days after Congress MP Karti Chidambaram criticised TransUnion CIBIL in the Lok Sabha, and blamed the company for being non-transparent.