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Category: 1 Finance

  • A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO

    A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO

    New Delhi [India], February 10: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of India has since taken note. In its February 2026 policy statement, the RBI proposed comprehensive guidelines to curb mis-selling by banks, including mandatory suitability assessments and stronger accountability for staff. The issue has grown too large to ignore. But regulation alone will not fix it. What families truly need is a fundamentally different kind of advisor. This type of mis-selling stories led to the launch of NYVO.

    The founders of NYVO, Harsh and Kshitij, are veterans in financial services. Harsh spent over sixteen years in financial services, beginning with investment banking roles at Bank of America, SBI Capital Markets, and Kotak Investment Banking where he advised on landmark IPOs such as DMart, Embassy REIT, LIC, Star Health, SBI Life and many more. He later served as CFO and Head of Liabilities & New Initiatives at Slice, where he held direct P&L responsibility for liabilities and insurance across more than 160 branches. From that vantage point, he saw how incentive structures function in reality. Advisors were consistently rewarded for selling complex, high-premium products rather than simple policies that were genuinely suitable for customers.

    Kshitij’s journey followed a similar path. An alumnus of IIT Delhi and IIM Ahmedabad, where he graduated as an Institute Scholar in the top five percent of his class, he spent years working at BCG and later at Slice. At NYVO, he built one of India’s earliest need-based insurance mapping systems, designed to match products to what customers actually required instead of what generated the highest commission. Yet even with the best intentions, the structural incentives embedded in the system proved too powerful to correct from within.

    For both founders, the issue eventually became deeply personal. Harsh faced his turning point while planning an education corpus for his daughter, Nysha. Despite having helped companies raise over $50 billion+, he found it impossible to locate a place that offered honest, unbiased advice for his own family and was offered ULIP products to build his daughter’s education corpus. Every recommendation he received was shaped by commission. For Kshitij, it was watching his parents navigate health insurance after losing their corporate cover post his brother moved to the USA. Every so-called “best policy” presented to them felt like a sales pitch disguised as guidance. The system was not designed to protect families; it was designed to sell to them.

    Two founders arrived at one shared conviction: the only way to truly eliminate mis-selling is to remove the conflict of interest entirely.

    NYVO, short for “New Voice,” is IRDAI-licensed and built from the ground up to put families first. The approach is advice-led, with recommendations driven solely by a family’s needs, even if the right answer turns out to be the cheapest policy available. The relationship does not end at purchase. NYVO supports families through the entire journey, from understanding requirements to buying the policy and standing by them during claims, including health emergencies, with round-the-clock support. There are no cold calls, no bought lead lists, and no pressure tactics. Families come when they are ready, and they are given the space to decide. Built by insiders who understand exactly where and how the system breaks, NYVO exists as a direct response to those failures.

    No 90-year-old should ever be sold a policy that matures in the year 2124. And no family should have to question whether the advice they are receiving is truly in their best interest. That is the promise behind NYVO.

    If you are worried that your family may have the wrong insurance, NYVO’s team offers honest, unbiased reviews of existing policies.

    Don’t wait for a claim to find out your policy is wrong.

    Book a free consultation at nyvo.in/book-a-call.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • SHARES CLAIM DOST Simplifies IEPF Claim Refund and Share Recovery Process for Investors

    SHARES CLAIM DOST Simplifies IEPF Claim Refund and Share Recovery Process for Investors

    New Delhi [India], February 07: SHARES CLAIM DOST, a specialised financial facilitation service, is helping investors across India recover, dematerialise and reclaim long-forgotten investments, with a strong focus on IEPF claim refund services. As India’s capital markets have moved fully into the digital era, many investors and families still hold old physical share certificates or have unclaimed dividends and shares transferred to the Investor Education and Protection Fund (IEPF) due to prolonged inactivity. The organisation aims to bridge this gap by offering structured assistance to help investors regain access to their rightful financial assets.

    Over the years, several investors accumulated shares in physical form, which today require extensive documentation, regulatory compliance and coordination with registrars and authorities to convert into demat format or recover from IEPF. SHARES CLAIM DOST assists clients throughout the process, including dematerialisation of physical shares, correction of name mismatches arising from marriage or legal changes, recovery of shares moved to IEPF, claim refunds for unclaimed dividends, transmission of shares to legal heirs and completion of complex documentation procedures. By simplifying these formalities, the service enables dormant investments to become accessible and tradable once again.

    Over the past 10 years, SHARES CLAIM DOST has helped more than hundreds of  individuals recover their lost or unclaimed share inheritance by tracing rightful heirs and assisting them in reclaiming assets that had remained unclaimed for decades. In several instances, shares originally purchased by ancestors at negligible value later grew to be worth crores of rupees. The firm facilitated not only the legal recovery of such holdings but also the digital conversion of physical shares into demat form. The organisation also supports investors in locating forgotten investments through name and address searches, which has proven especially beneficial for families that no longer possess original share certificates.

    Many investors remain unaware that unclaimed dividends and shares are transferred to IEPF after a certain period of inactivity. Recovering these assets involves filing detailed claims, submitting affidavits and indemnity bonds, and completing verification procedures with multiple authorities. SHARES CLAIM DOST provides end-to-end guidance during the IEPF claim refund process, helping investors navigate compliance requirements in a more organised and transparent manner.

    According to a company spokesperson, the primary objective is to reduce confusion and delays that investors often face while dealing with legacy shareholdings and regulatory procedures. The service focuses on personalised assistance and clear communication so that investors can complete formalities with greater confidence and ease.

    With increasing awareness around financial literacy and investor rights, more individuals are rediscovering forgotten investments. SHARES CLAIM DOST continues to support India’s transition toward a fully digital investment ecosystem by helping investors regularise physical holdings and recover assets that have remained inactive for years.

    SHARES CLAIM DOST is a financial assistance service dedicated to helping investors recover, regularise and dematerialise physical shareholdings while facilitating IEPF claim refunds across India through structured documentation, compliance support and coordinated processing.

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • 1 Finance announces the appointment of Priyanka Redkar, Vice President – Employee Experience – Primex News Network

    1 Finance announces the appointment of Priyanka Redkar, Vice President – Employee Experience – Primex News Network

    Mumbai, August 27: Mumbai-based 1 Finance announces the appointment of Priyanka Redkar to serve as the organisation’s Vice President – Employee Experience. Priyanka is responsible for ensuring superior employee experience in the organisation. Her new position requires her to collaborate closely with 1 Finance’s top executives to fortify culture and human resources procedures.

    1 Finance is a first-of-its-kind ecosystem bringing financial planning and advisory in India to take individuals to a state of financial well-being. The organisation is committed to ensuring the financial security of Indians and alleviating their financial worries and stresses.

    Priyanka is in charge of enhancing the high-performance culture fostered by 1 Finance with the objective to boost employee productivity with the appropriate tools and processes required, which enables employees to achieve business goals and add value. She is passionate about behavioural science and creating a holistic experience in the human resources division.

    Keval Bhanushali, Co-founder & CEO, 1 Finance, mentioned, “Employee success is a high priority for us at 1 Finance, one which we deeply care about. Priyanka’s arrival comes at a time when we are bringing financial peace of mind for the first time in India. We are pleased to have Priyanka on board to head the human resources department and play a role in the development of an innovative workplace through investing in people, culture, and capabilities.”

    Priyanka brings with her an extensive background in leading hire-train-deploy models, developing role-based training roadmaps, increasing employee engagement, and streamlining rewards & recognition, among others. She has managed the end-to-end employee life cycle model and coaching & mentoring initiatives in her 12+ years of work experience. She has always laid importance on the usage of personality and competency assessment tools to leverage employee lifecycle, including hiring, capability building, and career growth.

    Priyanka Redkar, Vice President – Human Resources, 1 Finance, said, “It is an honour to be part of an organisation that places equal emphasis on both members as well as employee experiences. To that end, I see my role as a culture custodian in 1 Finance. I am privileged to be a part of a change in which personal finances are being looked at in the country that has never been done before at this scale.”

    Human resource practices in organisations are generally deemed antiquated. Priyanka’s hiring is significant to end this notion in an ever-evolving workplace setting where being agile is important. She has an MBA in Human Resources Management and Services from N. L. Dalmia Institute of Management Studies & Research and a Bachelor of Commerce (BCom) from Sathaye College, Mumbai University. Her extensive background in financial services workplace cultures will be leveraged to drive overall talent strategy and assist in the development of a dynamic and safe workplace environment.

    Mumbai-based 1 Finance is backed and mentored by marquee investor Marwadi Chandarana Group — a pioneering force in India’s financial services sector that also powers successful operations in the fields of education and alternative energy. The Marwadi Chandarana Group also comprises Marwadi University, Marwadi Financial Services, Pixon, and Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

    1 Finance is reimagining the space of personal finance advisory in India by offering advice that takes into account, not just the financial status and life goals of an individual but also traits and behaviours in order to equip people with the ability to attain financial well-being. The organisation is doing this by building an ecosystem that caters to the long-term well-being of its members and aligning its goals with the interests of all other stakeholders as well, which in turn triggers a shift towards transparency in the industry at large.

  • 1 Finance appoints Manju Dhake as Vice President – Insurance, for setting up insurance advisory and strategy planning for business excellence – Primex News Network

    1 Finance appoints Manju Dhake as Vice President – Insurance, for setting up insurance advisory and strategy planning for business excellence – Primex News Network

    Mumbai (Maharashtra) [India], July 7: Mumbai-based 1 Finance, a reimagined personal finance institution, announces the appointment of Manju Dhake as Vice President – Insurance, who is responsible for setting up the insurance advisory practice and strategic planning of the organisation for business excellence. Manju Dhake has a vast experience of 21 years of working with insurance companies, in both manufacturing and distribution. At 1 Finance, Manju Dhake is in charge of translating the conventional or traditional insurance industry practices into new-age solutions which will be customised based on the need based approach model of customers by creating and managing digital platforms. Her role is critical for managing insurance product integrations with internal and external stakeholders with the aim to ultimately lead to optimal customised offerings for the customer. She will be part of the 1 Finance lab’s core team which is working on setting new and transparent metrics in the insurance industry to enable individuals in the assessments of every available insurance product in the country, in one place.

    Manju Dhake has attained a Fellowship in Insurance (FIII) from the Insurance Institute of India, ICWA from the Institute of Cost Accountants of India, and Post Graduate in Commerce from the University of Mumbai. She has worked with companies such as 5nance.com, ICICI Prudential Life, HDFC Life, Sushil Insurance Brokers, and L&T Finance where she has experience in the formulation of business strategies, liaising with the regulators and insurance partners, thereby contributing to the growth of the insurance businesses.

    Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance stated, “Insurance is the most mis-sold product in India. In an internal research conducted by 1 Finance, we found that at least 80% of MNIs in India who were sold insurance products later discovered that many important facts and information were either hidden or wrongly explained to them. We are on a mission to stop mis-selling in financial services in India. Taking the biggest problem first is our DNA. We are confident that Manju will be able to drive this change through 1 Finance labs. Customers need to be protected from mis-selling that can exacerbate their overall financial situation.”

    Manju Dhake, Vice President – Insurance, 1 Finance mentioned, “It is a privilege to be associated with a financial institution that is focused towards the financial health of the customer. This is essential for the financial growth of not only the customer but also their families. I am pleased to become a part of the 1 Finance team, which is on a mission to eliminate the financial stresses of people when it comes to complex financial products. It really takes a deep thought process when you say upfront that you are not here to sell and generate revenues but to create value for customers by reimagining the personal finance space. The overall objective of my role is to create awareness by the right advisory engine, as an enabler for decision making for the customer and build processes to simplify the entire insurance journey for customers thereby contributing towards increasing insurance penetration.”

    1 Finance Private Limited is a reimagined personal finance institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances including but not limited to assets, liabilities, income, expenses, and insurance.

    The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic, and high-frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

    1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.

    If you have any objection to this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 24 hours.

  • 1 Finance appoints Sanjay Ghosh as Principal Consultant – Process Excellence; to transform the customer experience digitally – Primex News Network

    1 Finance appoints Sanjay Ghosh as Principal Consultant – Process Excellence; to transform the customer experience digitally – Primex News Network

    Mumbai (Maharashtra) [India], June 1: Mumbai-based 1 Finance, a reimagined consumer financial institution, announces the appointment of Sanjay Ghosh as its Principal Consultant – Process Excellence, who will be responsible for digitally enhancing customer experience. Sanjay Ghosh carries a vast experience of 28 years with diverse roles, distinguished by a commendable performance in financial services, education & training, and retail franchising in India and abroad. At 1 Finance, he is in charge of building, reviewing, and reframing sustainable processes for customer-centricity. The experience he has gained in handling customers in the financial services industry has enabled him to empathise with them. This will lead to the creation of optimal experiences for customers at every touchpoint of their journey with the company.

    Skilled in managing customer-centric operations, he has provided consultancy services to top BFSI firms of the country in the areas of business process reengineering to optimise operations excellence. He has played a critical role in building projects for companies like JM Financial, Nirmal Bang, MOSL Housing Finance, IndiaNivesh, IDBI, and TradeBulls, among others. During his tenure in Choice Equity Broking, he has been instrumental in reengineering the customer onboarding journey to yield five times the productivity adding 50,000 new client acquisitions a month. As the Senior Vice President at Angel One, heading KYC and Quality Assurance, he contributed to launching one of India’s first digital onboarding journeys way back in the year 2014. During his tenure with Angel One, the company earned the ISO 10002 certification for complaint handling of planning, design, operation, maintenance, and improvement.

    Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance, stated, “We are pleased to have Sanjay Ghosh on board as a part of the 1 Finance team, where he will focus on optimising process excellence of all the functions at the company. 1 Finance is setting up world-class processes for a digital-first experience to provide the best solutions to our customers. Sanjay Ghosh will play a critical role in the identification and building of these processes, thereby making customers realise their true value in the journey towards personal finance. It is an exciting time for the customer to prioritise financial well-being at par with that of their health. 1 Finance is determined to deliver peace of mind to its customers in their money matters.”

    Sanjay Ghosh, Principal Consultant – Process Excellence, 1 Finance, mentioned, “I am happy to be aligned with the values, culture, and vision of 1 Finance, and proud to be a part of young and dynamic management. The core values of the company have excited me to contribute to the mission of financial well-being for crores of Indians. At 1 Finance, we will be building processes that will be thoroughly tested by us representing the customer and then implementing the evaluations with the operations team. My contribution will not remain constrained only to process enhancements, but it will also be to the whole gamut of the business, starting from the customer to employee engagements. The overall objective of my role is to simplify the entire operation for an overall gratifying experience for customers.”

    Sanjay Ghosh has a Quality Management System (QMS) Certification and is a Six Sigma Green Belt Certified Professional with a graduation degree from the University of Calcutta. In a world where the customer journey in financial services is now mainly digital-focused, the role of Sanjay Ghosh is significant where speed in delivery is crucial along with enhancing the overall customer experience. 1 Finance is addressing the problem of scattered finances that customers face by providing a single view of the state of their finances. The company is providing solutions that will take the personal finance of individuals to a holistic level, helping customers reach a state of true financial well-being.

    1 Finance Private Limited (www.1finance.co.in) is a reimagined consumer financial institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances, including but not limited to assets and liabilities, income, expenses, and insurance.

    The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic and high-frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

    1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.

  • 1 Finance appoints Anand Nigam as Chief Technology Officer – Primex News Network

    1 Finance appoints Anand Nigam as Chief Technology Officer – Primex News Network

    Mumbai (Maharashtra) [India], April 28: Mumbai-based 1 Finance announces the appointment of former National Stock Exchange (NSE) Vice President, Anand Nigam, as its Chief Technology Officer (CTO). Anand is responsible for setting the technical direction and technology roadmap for 1 Finance, thereby creating and executing a complete plan of action to build products that delight customers. An MTech from IIT Delhi, Anand carries a vast experience of 20 years and has the domain knowledge and business acumen to align technological needs to the organisation’s goals.

    Before joining 1 Finance, Anand started his career as a scientist in the Defence Research and Development Organisation (DRDO). In his last engagement at NSE, as the Chief Architect, was leading digital transformation and tech modernisation, and was responsible for setting up the technology vision and roadmap for the company and its subsidiaries. He was also the Chairman of Design Authority at NSE, and SCOT member for IFSC – International Exchange of NSE. Priorly, he was leading multiple teams at Walmart, rolling out products and services to the US and other international markets. His stint at Myntra comprised heading payments and core buying services for Jabong.

    Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance stated, “We are pleased to welcome Anand Nigam onboard, with him playing a critical role in building the technology vision of our company.  At 1 Finance, data protection and scale are our core focus apart from the overall tech stack. Anand fills those shoes very well as he has built systems at NSE and other organisations in the past. We look to deliver absolute peace of mind to 1 Finance customers while dealing with their finances and related data, and having Anand on board will help us to deliver what we promise.”

    Anand’s hiring comes at a time when the role of a CTO in any company is diversified and not limited to just technology. As a CTO, Anand not only takes ownership of the entire technology spectrum but is also the public face of technology at 1 Finance. The reimagined financial institution is a first-of-its-kind ecosystem that is here to disrupt the personal finance space. 1 Finance is solving real issues faced by the affluent middle class through the provision of qualified, unbiased, and hyper-personalised financial advisory.

    Anand Nigam, Chief Technology Officer, 1 Finance mentioned, “I am excited to be a part of a company that is here to transform the personal finance industry. The vision of the company clicked with me personally in the first go itself. This is what I always needed as an investor, and now I will build not only for our customers but I myself am the first customer. I have been provided with the opportunity of being given a clean slate to build things the way I want, which speaks volumes of the leadership at 1 Finance. We are building very high performance and scalable systems that can provide our customers with a delightful experience using predictive modelling and recommendation systems.”

    The role of Anand Nigam encompasses information technology applications, communications (voice, data, and wireless), and computing services. He is also in charge of the safeguarding of systems and is accountable for combating cyber security threats.

    1 Finance Private Limited is a reimagined consumer financial institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances including but not limited to assets, liabilities, income, expenses, and insurance.

    The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic, and high frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

    1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.

  • 1 Finance appoints Animesh Hardia as Senior Vice President of Quantitative Research – Primex News Network

    1 Finance appoints Animesh Hardia as Senior Vice President of Quantitative Research – Primex News Network

    Mumbai (Maharashtra) [India], April 23: Mumbai-based 1 Finance announces the appointment of Animesh Hardia as Senior Vice President of Quantitative Research. An IIT alumnus, he brings over 10 years of experience utilising strong analytical, mathematical, and organisational abilities across multiple domains including supply chain management, sell-side research, and private securities buy-side valuation.

    Prior to joining 1 Finance, Animesh Hardia was a Senior Quantitative Valuation Analyst at Franklin Templeton where he contributed to developing valuation frameworks based on industry best practices and implementing procedures for efficient monitoring of complex/private financial instruments, ensuring strict adherence to client-first principle. Priorly, he was at Evalueserve, focusing on refining methodologies to improve the quality of data insights and he designed programmatic solutions for monitoring crucial industry indicators, both of which were critical in preparing research reports and generating superior actionable insights for clients.

    Animesh Hardia is in charge of optimising 1 Finance’s quantitative platform, providing a holistic picture of the financial status of affluent middle class individuals through the leveraging of psychology, behavioural finance, and data science.

    On the appointment Keval Bhanushali, Co-founder & Chief Executive Officer, 1 Finance enthuses, “We are pleased to have Animesh onboard who will play an instrumental role in creating a hyper-personalised journey for 1 Finance users, using his skills and experience in quantitative analytics and research. Animesh immediately aligned to our vision of creating a qualified, unbiased, and hyper-personalised advisory to all users of 1 Finance as we truly believe that the current ecosystem does nothing beyond selling products on the pretext of advisory.”

    Animesh Hardia, Senior Vice President of Quantitative Research, 1 Finance expresses, “I am sincerely thrilled to join an organisation that has set out to solve a multi-decade-old problem that has restricted the financial growth of the affluent Indian middle class. Wealth creation opportunities should not be limited only to the uber-rich. The idea is to increase awareness to ditch reckless and negligent sales of financial products; and address the absence of well-informed and quality financial advice. I look forward to contributing to the team at 1 Finance and working together to create value for our users.”

    The strategic hiring of Animesh Hardia comes at a time when there is a widening income and wealth distribution gap in India. He will be responsible for enabling users to make incremental changes in their journey of attaining true financial independence. Animesh Hardia is experienced in working on international standards of client services and will be implementing the same for the Indian audience at 1 Finance.

    1 Finance Private Limited is a reimagined consumer financial institution that offers qualified, unbiased, and hyper-personalised advisory on one’s personal finances including but not limited to assets, liabilities, income, expenses, and insurance.

    The Mumbai-based company is backed and mentored by marquee investor Marwadi Chandarana Group, established in the year 1995 and marking its prominence in the higher education sector with Marwadi University, in retail financial services by Marwadi Financial Services, and with algorithmic, and high frequency trading with Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL).

    1 Finance is the first of its kind ecosystem offering financial planning and advisory solutions to the emerging affluent individuals of India.