Fintech Pioneers: Credgenics Co-founders featured in the prestigious Avendus Wealth - Hurun India U30 List 2025
New Delhi [India], July 21: Credgenics, the leading provider of SaaS-based debt collections and resolution platform worldwide, today announced that Rishabh Goel, Co-founder and CEO, and Anand Agrawal, Co-founder and CPTO, have been featured in the prestigious Avendus Wealth - Hurun India U30 List 2025. This recognition celebrates their innovative entrepreneurial approach to transforming the financial services sector and their significant impact on the fintech landscape with Credgenics.
The Avendus Wealth - Hurun India U30 List 2025, celebrates 79 exceptional young leaders aged 30 and below who are redefining the future of the Indian economy across industries. This curated list highlights two categories of trailblazers: first-generation founders building ventures valued at USD 25 million or more, and next-generation leaders steering family-owned businesses with valuations of at least USD 50 million. Financial services emerged as the third-most represented sector in this inaugural Under-30 edition, with nine standout entrepreneurs making their mark in the industry.
Credgenics has established itself as a pioneer in AI-driven loan collection solutions, managing an impressive portfolio of over 98 million accounts worth $250 billion in FY24. The company's technology-first approach has revolutionized traditional collection methods, enabling financial institutions to optimize their recovery processes while maintaining strong customer relationships.
"Being recognized in the Hurun-Avendus U30 List with other innovative young leaders is both an honour and a testament to our team's dedication to transforming the financial services landscape," said Rishabh Goel, Co-founder and CEO of Credgenics. "We are committed to leverage AI and digital technologies for making debt collections future-ready, super efficient, and data-driven. This is benefitting the entire credit ecosystem and speeding up financial inclusion across the country."
Anand Agrawal, Co-founder and CPTO of Credgenics, added, "This recognition in the Hurun-Avendus U30 List validates our approach of using AI backed innovation to simplify and transform debt collections. We are working to enhance credit health for individuals globally, which transforms into easy universal access to formal credit. We're proud to be a part of India's vibrant fintech ecosystem and facilitating our meaningful impact in the nation's inclusive economic growth."
Credgenics' success story exemplifies the dynamic nature of India's fintech sector, which continues to attract significant investment and fast track the financial empowerment of the masses. The recognition comes at a time when AI-powered collections solutions are becoming increasingly crucial for Banks, NBFCs, Fintech lenders and ARCs seeking to optimize their operations while maintaining compliance and customer satisfaction. Credgenics' market leading platform addresses these needs by providing intelligent, automated collection strategies that improve recovery rates while reducing operational costs.
About Credgenics: Credgenics is the leading full-stack, AI-powered loan collections and debt resolution technology platform for Banks, Non-Banking Financial Companies (NBFCs), FinTechs, and Asset Reconstruction Companies (ARCs) globally. Recognised as the Best Selling Loan Collections Platform in India by IBS Intelligence in their Annual India Sales League Table for three consecutive years, Credgenics is modernizing debt recovery processes. The platform combines predictive and generative AI capabilities to assess risk, segment borrowers, and execute personalized recovery strategies across the end-to-end collections lifecycle. Supporting all credit products across retail and SME/MSME portfolios, Credgenics empowers lenders to accelerate recoveries, optimize operational efficiency, and scale smarter, data-driven collections. In FY24, the platform managed over 98 million loan accounts worth more than USD 250 billion and facilitated over 1.7 billion omnichannel communications, serving 150+ financial institutions worldwide. https://www.credgenics.com/
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
NDTV
an hour ago
- NDTV
Leather, Gems, Jewellery Among Key Sectors Hit Hard By 50% US Tariff
New Delhi: Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry experts. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The United States has imposed additional tariffs or penalty for Russian imports only on India while other buyers such as China and Turkey, have so far escaped such measures. "The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40-50 per cent," think tank GTRI said. After the new tariff, it said, organic chemicals' exports to the US will attract additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel - knitted (63.9 per cent), apparel - woven (60.3 per cent), textiles, made ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent). The 25 per cent duty, announced on July 31, will come into force from August 7 (9.30 am IST). The additional 25 per cent will be implemented by the US from August 27. These will be over and above the existing standard import duty in the US. In 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports). The sectors, which would bear the brunt of 50 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion). Kolkata-based seafood exporter and MD of Megaa Moda Yogesh Gupta said that now India's shrimp will become expensive in the US market. "We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7," Gupta said. The Confederation of Indian Textile Industry (CITI) said that it is "deeply concerned" about the potential adverse impact of the effective 50 per cent US tariff rate for India. The US is India's largest market for textile and apparel exports. "The US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis-à-vis many other countries for a larger share of the US market," it said. It urged the government to urgently take steps to help the sector during these hugely testing times. Colin Shah, MD, Kama Jewelry, said this move is a severe setback for Indian exports, with nearly 55 per cent of India's shipments to the US market directly affected. The 50 per cent reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30-35 per cent competitive disadvantage compared to peers from countries with lesser reciprocal tariff, he said. "Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients," Shah said. Kanpur-based Growmore International Ltd MD Yadvendra Singh Sachan said the exporters should look for new markets to maintain export growth. Exporters are hoping that early finalisation of the India-US bilateral trade agreement will help in dealing with the tariff challenges. The negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources said. The two countries are negotiating a bilateral trade agreement (BTA). They are aiming to conclude the first phase of the pact by fall (October-November) this year.
India Today
an hour ago
- India Today
US slaps 50% tariff on Indian goods; textiles, shrimp, gems most hit
Domestic export sectors such as leather, chemicals, footwear, gems and jewellery, textiles and shrimp will be severely impacted by the imposition of the 50 per cent tariff by the US, say industry President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian United States has imposed additional tariffs or penalties for Russian imports only on India, while other buyers such as China and Turkey, have so far escaped such measures. "The tariffs are expected to make Indian goods far costlier in the US, with potential to cut US-bound exports by 40–50 per cent," think tank GTRI the new tariff, it said, organic chemicals' exports to the US will attract an additional 54 per cent duty. The other sectors which will attract high duties include carpets (52.9 per cent), apparel - knitted (63.9 per cent), apparel - woven (60.3 per cent), textiles, made-ups (59 per cent), diamonds, gold and products (52.1 per cent), machinery and mechanical appliances (51.3 per cent), furniture, bedding, mattresses (52.3 per cent).The 25 per cent duty, announced on July 31, will come into force from August 7 (9.30 am IST).The additional 25 per cent will be implemented by the US from August 27. These will be over and above the existing standard import duty in the 2024-25, the bilateral trade between India and the US stood at USD 131.8 billion (USD 86.5 billion exports and USD 45.3 billion imports).The sectors, which would bear the brunt of 50 per cent duty include textiles/ clothing (10.3 billion), gems and jewellery (12 billion), shrimp (USD 2.24 billion), leather and footwear (USD 1.18 billion), chemicals (2.34 billion), and electrical and mechanical machinery (about USD 9 billion).Kolkata-based seafood exporter and MD of Megaa Moda, Yogesh Gupta said that now India's shrimp will become expensive in the US market."We are already facing huge competition from Ecuador as it has only 15 per cent tariff. Indian shrimp already attracts a 2.49 per cent anti-dumping duty and a 5.77 per cent countervailing duty. After this 25 per cent, the duty will be 33.26 per cent from August 7," Gupta Confederation of Indian Textile Industry (CITI) said that it is "deeply concerned" about the potential adverse impact of the effective 50 per cent US tariff rate for US is India's largest market for textile and apparel US tariff announcement of August 6 is a huge setback for India's textile and apparel exporters as it has further complicated the challenging situation we were already grappling with and will significantly weaken our ability to compete effectively vis--vis many other countries for a larger share of the US market," it urged the government to urgently take steps to help the sector during these hugely testing Shah, MD, Kama Jewelry, said this move is a severe setback for Indian exports, with nearly 55 per cent of India's shipments to the US market directly 50 per cent reciprocal tariff effectively imposes a cost burden, placing our exporters at a 30–35 per cent competitive disadvantage compared to peers from countries with lesser reciprocal tariff, he said."Many export orders have already been put on hold as buyers reassess sourcing decisions in light of higher landed costs. For a large number of MSME-led sectors, absorbing this sudden cost escalation is simply not viable. Margins are already thin, and this additional blow could force exporters to lose long-standing clients," Shah Growmore International Ltd MD Yadvendra Singh Sachan said the exporters should look for new markets to maintain export are hoping that early finalisation of the India-US bilateral trade agreement will help in dealing with the tariff negotiations between India and the US are still going on for an interim trade deal, though there will be no compromise on the red lines with regard to duty concessions on agriculture items, dairy, and genetically modified (GM) products, sources two countries are negotiating a bilateral trade agreement (BTA). They are aiming to conclude the first phase of the pact by fall (October-November) this year.- EndsTune InMust Watch
Time of India
an hour ago
- Time of India
RBI finalises co-lending framework starting Jan 2026
Mumbai: RBI has come out with final co-lending rules for banks and non-banks which allow dual lending with a single KYC. The final norms mandate blended lending rates, irrevocable funding commitments, and escrow-based cashflow distribution, while keeping first loss default guarantee. These, along with capital impacts and lower returns, could make co-lending less attractive for originators. A 15-day loan transfer deadline may also drive lenders toward simpler direct assignment deals, ICRA said. The framework will become effective Jan 1, 2026. Credit enhancement for bonds RBI's norms on non-fund credit have allowed banks, financial institutions and NBFCs to offer partial credit enhancement to make certain types of bonds safer for investors. This facility can be extended to bonds issued by registered entities-municipal corporations, companies or special-purpose vehicles-for funding any type of project by large, non-deposit-taking NBFCs with assets of Rs 1,000 crore or more, subject to specified conditions. Call rate as policy anchor An RBI panel has recommended keeping the weighted average call rate as the main monetary policy target. It suggested ending 14-day variable rate repo and reverse repo (VRR/VRRR) auctions as the main liquidity tool, replacing them with 7-day operations and flexible terms up to 14 days when needed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Signs That A Heart Attack Is Imminent Learn It Wise Undo The RBI should usually give at least a day's notice for such actions, but can act the same day in special cases. Variable rate auctions will continue for all repo and reverse repo operations, including longer tenors. Existing liquidity management tools are considered sufficient, and the daily minimum CRR requirement will stay at 90% of the set level. Stay informed with the latest business news, updates on bank holidays and public holidays .
