India Gate

Pepper Advantage appoints new CEO of Indian business

Mumbai - Mukund Kulkarni will replace Asokan Arumugam as CEO of Pepper India Resolution Private Limited, part of Pepper Advantage India, effective 1 July 2022.

Kulkarni was previously head of SME and retail loans at Arcil; previous experience includes Barclays and ICICI.


Pepper Advantage, a global credit intelligence company, announces the appointment of Mukund Kulkarni as CEO of Pepper India Resolution Private Limited, part of Pepper Advantage India, based in Mumbai. 


Kulkarni joins Pepper Advantage from Arcil, where he led a team of over 150 people focused on supporting SME and retail credit accounts across multiple portfolios and products. His expertise includes SME, home, auto, personal, education, agricultural, and large corporate loans across the country. He has over 20 years of experience in credit management working for financial institutions including Barclays Investments & Loans India, Cholamandalam Finance, and ICICI Bank.


Kulkarni will replace outgoing Executive Director and CEO Asokan Arumugam, who will remain part of the business as Non-Executive Director. Kulkarni will report directly to Pepper Advantage Group CEO Fraser Gemmell.


“We’re delighted to welcome Mukund to Pepper Advantage,” said Fraser Gemmell, Chief Executive Officer, Pepper Advantage. “His depth of experience and proven track record supporting both consumers and small businesses will help drive Pepper Advantage’s growth in India. Mukund’s dedication to providing the highest level of customer service matches our own, and I look forward to working with him as we continue to develop our suite of products and services for the Indian market.”


“I’m very excited to be joining Pepper Advantage,” said Mukund Kulkarni. “I will draw on my experience building successful and dynamic teams focused on customer service to help the Indian business continue its strong growth trajectory. Pepper Advantage’s culture and strength in credit data and analytics are particularly exciting, and I look forward to working with its entrepreneurial and client-driven team.”


On Asokan Arumugam’s retirement, Fraser Gemmell said, “I’d like to thank Asokan for his tireless service to Pepper over many years. He has been instrumental in building the business to where it is today, and we look forward to working with him in his new role as Non-Executive Director.”


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