The Ex-president of Bajaj Finance Devang Mody today is appointed as the chief executive officer of Reliance Commercial Finance, a subsidiary of Reliance capital. priorly Mody served as president of Bajaj Finance.

Under Mody's leadership the consumer finance business of Bajaj Finance witnessed a sharp steep growth and with market leadership positions across varied business lines.

Mody has experience of over 20 years in the finance sector. Starting his career with Mahajan & Aibara, & then moved to EY, followed by GE Money Financial Services as VP Strategic Initiatives, before ending at Bajaj Finance.

"Devang comes with an excellent track record of creating and rapidly growing highly profitable lending businesses in different segments. We expect Reliance Commercial Finance to significantly accelerate its growth momentum under his leadership," Reliance Capital Chairman Anil D Ambani said in a statement.

The Reliance Capital subsidiary Reliance Commercial Finance is amongst the leading small & medium enterprise (SME) leaders in the NBFC sector with assets under management of Rs. 16,191 crore as Dec 31, 2016. The company has helped around 1.3 lakh SMEs across the country wrapping various industries & has disbursed loans amounting to Rs. 50,000 crore to them.

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