Cashinvoice appoints Tata Capital’s Govind Sankaranarayanan to board

Bengaluru: Cashinvoice has appointed to its board of directors Govind Sankaranarayanan, the founding chief financial officer and chief operating officer of Tata Capital, the digital financial supply chain marketplace said in a statement on Wednesday.

Sankaranarayanan, who was also CFO at Tata Communications Ltd., has spent a decade establishing financial services powerhouse Tata Capital.

“I look forward to joining the board of Cashinvoice, which was founded by my former colleagues at Tata Capital. Digital supply chain finance—by streamlining working capital—helps cut costs for companies and drives growth for vendors and dealers,” he said. “Cashinvoice is well placed to transform this space with its deep understanding of finance and digital technology.”

Commenting on the appointment, Cashinvoice CEO Arun Poojari said, “Govind’s extensive board-level experience and track record of helping new businesses on their growth journey will be invaluable for Cashinvoice.”

An alumnus of London Business School, IIM Bangalore, and BITS Pilani, Sankaranarayanan has been a board director at leading organisations such as Tata Capital Housing Finance, Tata Teleservices Maharashtra, Tata Motors Drivelines, VSNL International, etc. He is a board member of IndiaLends, Credright, and ECube Investment Advisors, among others.

Cashinvoice comes under the ambit of the government’s Startup India initiative. The platform grew 12x in FY21 and is currently a fast-emerging solutions provider in the invoice discounting and dealer finance space.