Slice Appoints Founder Rajan Bajaj as MD and CEO After Banking Transition Bajaj previously served as Executive Director.

Fintech firm Slice has appointed its founder Rajan Bajaj as Managing Director and Chief Executive Officer, a move approved by the company's board, shareholders and the Reserve Bank of India. Bajaj previously served as Executive Director.

Bajaj founded Slice in 2016 and has overseen its evolution from a consumer fintech startup into a regulated banking entity after its merger with North East Small Finance Bank in 2024. The company says it has served over 20 million registered users, employs more than 3,000 people, and has raised over USD 250 million from investors including Tiger Global, Insight Partners and Advent International.

Bajaj developed Slice's lending distribution and payments businesses under its group structure and, in 2019, established Quadrillion Finance, a wholly owned NBFC that extended credit to retail customers and small businesses using technology-led underwriting and risk processes. The NBFC was profitable and later merged into Slice's banking entity.

Over the first three quarters of FY26, Slice reported a profit after tax of INR 27.97 crore. The company said asset quality remains stable, supported by disciplined underwriting and in-house risk infrastructure. Within a year of launching full banking operations, more than 4 million savings accounts have been opened.

"I am grateful to the Reserve Bank of India and our Board for the confidence they have placed in me," Bajaj said. He added that expanding access to affordable digital banking remains a key priority.

Slice operates as a full-stack bank offering savings accounts, fixed deposits, UPI services, credit products and UPI-led branch banking solutions.