The appointment strengthens CapitalXB’s leadership team as it enters its next phase of growth scaling its financing platform for MSMEs, mid-market businesses and exporters, while expanding partnerships across corporate ecosystems, digital platforms and institutional capital providers.

Pavan will lead business strategy, origination, product development, and strategic partnerships across CapitalXB’s domestic and cross-border financing businesses. His mandate will be to scale a technology-enabled, risk-disciplined platform that helps businesses unlock capital against commercial receivables and trade flows.

Taranjit Jaswal, Founder & CEO, CapitalXB, said:
“CapitalXB is entering an important new phase of growth. We have built the regulatory, technology and risk foundations required to address a significant and underserved opportunity in receivables-led financing for Indian businesses.

Pavan’s experience across global banks, NBFCs and fintech-led credit platforms makes him exceptionally well placed to help us scale with discipline. His appointment strengthens our ability to deepen client relationships, build strategic partnerships and establish CapitalXB as a leading financing partner for ambitious Indian businesses.”

The appointment comes as Indian exporters navigate a volatile global trade environment, with rising freight, insurance and financing costs increasing the need for faster, more flexible access to working capital.

Pavan brings over two decades of experience across corporate banking, trade finance, supply-chain finance and fintech-led credit. He has held leadership roles at HSBC, Standard Chartered Bank, RBL Bank and L&T Finance, where he built and scaled financing businesses serving large corporates, emerging enterprises and MSMEs.

His sector experience includes steel, automotive, FMCG, healthcare, renewable energy and agriculture. More recently, Pavan helped build fintech-led credit businesses for B2B commerce platforms including Infra.Market and JSW One Platforms Ltd., where he led the NBFC business and served as a Board member before joining CapitalXB.

Pavan Matai, Business Head, CapitalXB, said:
“Having worked across banks, NBFCs and fintech platforms, I have seen the impact that timely working capital can have on the growth of businesses. The opportunity is especially compelling where receivables, supply-chain data and trade flows can be used to create faster and more relevant financing solutions.

CapitalXB has built a differentiated platform at the intersection of domestic business finance and export-led trade flows. I look forward to working with the team to scale responsibly, strengthen ecosystem partnerships and make receivables-based financing more accessible for the businesses we serve.”

 On MSME Day, as we reflect on the theme ‘The Future Generation of MSMEs’ with its focus on human centered entrepreneurship in an AI driven economy, we celebrate the backbone of India’s growth, enterprises that drive innovation, employment, and regional progress. MSMEs contribute nearly 30% to India’s GDP and support over 110 million livelihoods, making them central to the nation’s growth story.

Progressive government initiatives such as Udyam registration, enhanced credit access, and digital public infrastructure are accelerating the formalisation and resilience of this sector. However, rising risks including climate volatility and evolving supply chain disruptions underscore the need for stronger, future ready protection frameworks.

General Insurance must evolve into a proactive growth enabler for MSMEs, helping them scale with confidence in an increasingly uncertain world. It is no longer just about protection, but about anticipating risks, enabling faster recovery, and supporting sustainable growth.

At IndusInd General Insurance, we are committed to delivering simple, affordable, and customer centric solutions powered by technology and insight to support MSMEs at every stage of their journey. Strengthening MSMEs is not just an economic imperative, it is key to building a resilient, self-reliant, and future ready Bharat.