March 11th, 2025: Moneyboxx Finance, which provides business loans to micro and small entrepreneurs in rural and semi-urban India announced the appointment of Mr. Shantanu Chandrakant Pendsey as a Non-executive Independent Director on its Board. With decades of leadership at State Bank of India (SBI), Shantanu has been instrumental in driving agricultural and MSME finance, fostering financial inclusion, and strengthening rural credit systems.
As an Independent Non-executive Director, Shantanu will bring his vast experience, strategic acumen, and leadership insights to the Moneyboxx Board. With a strong background in Retail, Agriculture, MSME banking, Credit & Loan Portfolio Management, and Digital Transformation, his guidance will be invaluable in offering strategic perspectives that support financial access and operational efficiency.
Shantanu brings 38 years of experience in banking and finance. He recently retired from SBI as Chief General Manager – Head of Agriculture & MSME Financial Inclusion. During his tenure, Agri AUM grew at a 17.68% CAGR from ₹2.26 trillion to ₹3.26 trillion, while NPAs reduced from 13.26% to 9.50%. He also managed financial inclusion programs under the MSME sector, overseeing a ₹0.5 trillion portfolio.
Welcoming Shantanu to the Board, Deepak Aggarwal, Co-founder and CEO of Moneyboxx Finance, said, “We are excited to have Mr. Shantanu Pendsey join us as an Independent Director. His deep understanding of agriculture and MSME finance, coupled with his leadership in financial inclusion, will add immense value as we scale our efforts. With his guidance, we are confident that Moneyboxx will continue to grow and create a lasting impact in the lives of micro and small entrepreneurs.”
Expressing his enthusiasm about joining Moneyboxx, Mr. Shantanu Pendsey said, “I am excited to be part of Moneyboxx Finance. The company’s focus on empowering micro and small enterprises and driving financial inclusion resonates deeply with my career. I look forward to leveraging my experience to support Moneyboxx’s growth journey and strengthen its efforts in creating a meaningful impact for underserved businesses.”
The appointment adds depth to Moneyboxx’s leadership as it looks to expand its footprint and provide better financial access to micro and small enterprises. With Mr. Pendsey’s experience, the company aims to strengthen its role in supporting underserved businesses and driving inclusive growth.