Digital lending platform Kissht has appointed Alok Bansal, Co-founder of PB Fintech Ltd. (Policybazaar), and Sangeeta Pendurkar, former CEO of Aditya Birla Fashion and Retail Ltd., to its board as independent directors, as the company prepares to go public.
The appointments come ahead of Kissht’s planned Initial Public Offering (IPO), which is expected to include both a fresh issue of equity shares and an offer for sale, according to the company’s Registrar of Companies (RoC) filings.
Founded in 2015 by Ranvir Singh and Krishnan Vishwanathan, Mumbai-based Kissht provides secured and unsecured loans across three lending verticals: consumption lending, purchase financing via partners, and credit for micro, small and medium enterprises (MSMEs).
The company recently entered the secured lending space with a digital Loan Against Property (LAP) product.
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The board expansion signals a push toward improved corporate governance and operational maturity as the company transitions from a privately held startup to a public-market-ready entity. “This thoughtful step will encourage Kissht’s transformation from a fast-growing fintech to a public-market-ready enterprise,” the company said in a statement.
Kissht has more than 10 million customers and reported assets under management of over Rs 4,200 crore ($502 million) for the fiscal year ended March 2025. Its total income for FY24 reached approximately Rs 1,700 crore.
In 2022, the company raised $80 million in a funding round led by Vertex Growth and Brunei Investment Agency, valuing it at around $344 million at the time.
On June 17, shareholders approved a resolution to convert Kissht from a private limited company to a public limited entity, a key step in the IPO process.
