India, May 22 -- Education loan-focussed NBFC Avanse Financial Services has appointed former Bajaj Finserv COO Rakesh Bhatt as an independent director of the company ahead of launching its INR 3,500 Cr initial public offering (IPO).

The board of Avanse passed a special resolution on April 29 to appoint Bhatt as an independent director of the fintech company, as per its regulatory filing sourced from the Registrar of Companies (RoC).

"Looking at the growth trajectory and in order to further strengthen the board, it was proposed to onboard one more independent director," Avanse said in its regulatory disclosure.

Bhatt is the founder and CEO of vertical SaaS startup Rahi Platform Technologies. Founded in August 2024, Rahi is building a un...