Summary
Overview
Work History
Education
Skills
Accomplishments
Interests
Additional Information
Timeline
Generic
Hitesh Jain

Hitesh Jain

Co-founder & COO
Mumbai

Summary

Passionate and result-driven professional with a proven track record of spearheading business initiatives and driving impactful outcomes. Leveraging a blend of strategic vision and operational expertise to build businesses from the ground up, fueling growth, and optimizing operational efficiencies. Known for collaborative approach and ability to work with cross-functional teams to foster a culture of excellence and driving sustainable growth. Leverage entrepreneurial spirit and operational acumen to lead organizations to new heights of success.

Overview

20
20
years of professional experience
5
5
years of post-secondary education

Work History

Co-founder & COO

StoryMirror Infotech Pvt. Ltd.
12.2016 - Current
  • Strategic Planning: Develop and refine company's strategic vision and long-term goals
  • Business Development: Identify and pursue new business opportunities, lead generation, partnerships, and revenue streams to drive growth and expansion.
  • Operational Leadership: Oversee day-to-day operations and set processes to ensure efficiency, effectiveness, and alignment with organizational objectives.
  • Marketing: Develop and execute marketing strategies to grow user base, reduce cost of acquisition and drive sales.
  • E-commerce: Manage and drive sales through various e-commerce platforms, tie-ups and campaigns.
  • Team Building and Management: Recruit, lead, train and motivate a high-performing team; foster a collaborative and innovative work culture.
  • Financial Management: Manage budgeting, financial planning, accounting & audit, and recovery processes.
  • Product Development: Co-ordinate development and enhancement of products or services, ensuring they meet market needs and align with company's strategic direction.
  • Investor Relations: Worked on fundraising efforts, securing significant investments to support company initiatives.
  • Vendor Relationship: Establish and maintain strong relationships with vendors, suppliers, and partners, negotiate contracts, pricing agreements, and service level agreements.

Promoter & Director - Business Development

Jigyasa Livelihood Promotions Micro Finance Foundation
07.2015 - 09.2017
  • Fund Raise: Worked to secure equity investments as well as banking relationships to raise Debt and BC collaboration.
  • Organizational Transformation: Planning for conversion of organization from a not-for-profit entity to a Non-Banking Financial Company (NBFC)
  • Business Development: Collaborating with rural product companies for cross sale of their products and increase revenue for Organization.

Managing Partner

Flowers & Creations
04.2010 - 12.2016

1. Business Development:

  • Identified and pursued strategic partnerships with corporate, florists, event planners, and wedding venues to increase sales opportunities.
  • Developed innovative product offerings and floral arrangements tailored to meet the diverse needs of individual customers, corporate clients, and special events.
  • Spearheaded successful client engagements resulting in repeat business and positive referrals from satisfied clients.

2. Operations:

  • Established efficient operational processes for sourcing, purchasing, and inventory management to ensure optimal product quality, freshness, and availability.
  • Implemented streamlined order fulfillment and delivery procedures, optimizing logistics and minimizing turnaround time to meet customer expectations and maximize profitability.

Product Manager, Gold Loan

SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
09.2009 - 03.2010
  • Strategy Development: Formulate comprehensive product roll out strategy, conduct market research and competitive analysis and collaborate with cross-functional teams to define product roadmap and go-to-market strategies.
  • Business Planning: Developed detailed business plans for gold loan products, including financial projections, product & pricing strategies, and revenue models.
  • Financial Control & Planning: Worked on budget, financial analysis and reporting for micro finance business

Product Head, Jewel Loan

ICICI Bank Ltd.
05.2007 - 09.2009
  • Process Re-engineering: Led initiatives to consolidate and re-engineer end-to-end processes related to gold loan business, implemented technology-driven solutions to reduce turnaround time, and established control measures to reduce frauds.
  • Sales and Marketing: Developed and executed comprehensive marketing strategies to drive customer acquisition, retention, and revenue growth; and collaborated with sales teams to develop training programs, and incentive schemes to drive performance and achieve sales targets.
  • Business Expansion: Spearheaded business expansion initiatives to enter new markets, formulated and executed go-to-market strategies and promotional campaigns, to drive awareness and adoption of gold loan products.

Product Manager, Microfinance

ICICI Bank Ltd.
05.2006 - 05.2007

1. Business Development:

  • Built and maintained strong relationships with microfinance institutions, some of which have grown to become Small Finance Banks.
  • Securing credit approvals from credit committees for loans and various lines of credit.

2. Process Re-engineering :

  • Led initiatives for product and process improvements and ensure compliance with regulatory requirements.
  • Worked with cross functional teams to secure approvals for product and process changes

Young Professional, Micro Finance

Small Industries & Development Bank Of India (SIDBI)
02.2005 - 05.2006
  • Credit Approvals: Securing credit approvals from credit committees for loans and grants to Micro Finance Institutions.
  • Impact Assessment: Undertaken impact assessment of grants given to Micro Finance Institutions.

Finance Executive

Naandi Foundation
05.2004 - 08.2004
  • Accounting: Managed day-to-day accounting operations, including accounts payable, general ledger entries, bank reconciliations and annual accounts finalization.
  • Program Budgeting: Development, monitoring, and reporting of various program budgets, working closely with program managers and department heads.

Education

Post Graduate Diploma in Rural Management -

Institute of Rural Management, Anand (IRMA)
Anand
05.2002 - 04.2004

CA (Inter) -

Institute of Chartered Accountants of India
Hyderabad
04.1997 - 05.2000

Bachelor of Commerce -

Badruka College of Commerce & Arts
Hyderabad
04.2001 -

Skills

Business & Revenue Growth

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Accomplishments

  • Gold Award for Best B2B Content Campaign of the Year by IAMAI at India Digital Awards
  • First Prize for Arts & Coffee Table Book (Hindi) from The Federation of India Publishers
  • Created multiple National as well as Amazon bestseller books
  • Awarded Certificate of Excellence for excelling in the Product Function of Jewel Loans at ICICI Bank
  • Member of ICICI Bank’s Talent Pool Candidates
  • Awarded Sir Ratan Tata Trust Merit Scholarship for academic excellence during first year of PGDRM course at IRMA
  • Awarded Gold Medal in Income Tax during graduation

Interests

Travelling, Cricket, Volunteer & Community Work

Additional Information

Positions of Responsibility Held:

  • Joint Secretary, Marudhar Mitra Parishad, Mumbai
  • Treasurer, Terapanth Professional Forum, Thane Branch
  • Member of Placement Committee at IRMA
  • Member of Jatra Organising Committee, which organises the annual Jatra event in IRMA
  • Treasurer at IRMA, responsible for managing Students’ Activities Fund

Timeline

Co-founder & COO

StoryMirror Infotech Pvt. Ltd.
12.2016 - Current

Promoter & Director - Business Development

Jigyasa Livelihood Promotions Micro Finance Foundation
07.2015 - 09.2017

Managing Partner

Flowers & Creations
04.2010 - 12.2016

Product Manager, Gold Loan

SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.)
09.2009 - 03.2010

Product Head, Jewel Loan

ICICI Bank Ltd.
05.2007 - 09.2009

Product Manager, Microfinance

ICICI Bank Ltd.
05.2006 - 05.2007

Young Professional, Micro Finance

Small Industries & Development Bank Of India (SIDBI)
02.2005 - 05.2006

Finance Executive

Naandi Foundation
05.2004 - 08.2004

Post Graduate Diploma in Rural Management -

Institute of Rural Management, Anand (IRMA)
05.2002 - 04.2004

Bachelor of Commerce -

Badruka College of Commerce & Arts
04.2001 -

CA (Inter) -

Institute of Chartered Accountants of India
04.1997 - 05.2000
Hitesh JainCo-founder & COO