Praveen Bhaskar Chaudhary
Sr. Vice President & Regional Head
Mumbai
Summary
Seasoned financial services leader with 20+ years of experience across business development, profit-center ownership, channel & product management, and sales leadership. Expert in scaling distribution networks, driving strategic initiatives, optimizing operations, managing P&L, and building high-performing teams across broking, investments, insurance, and wealth management.
Overview
23
23
years of professional experience
Work History
SVP & Regional Head – Mackertich One Wealth
SMIFS Limited
10.2025 - Current
- Leading Wealth Business of SMIFS as Regional Head of Mumbai Capital Region.
National Head – Financial Services Business
Kunvarji Wealth Solutions
11.2023 - 10.2025
- Leading complete broking & distribution vertical with full P&L ownership. Built a team of 175+ wealth managers spread across 5 locations.
- Driving strategy, sales performance, digital initiatives, and nationwide channel expansion.
- Managing key stakeholder relationships across B2B, HNI & branch networks.
- Overseeing long-term business planning inclusive of IT, manpower & revenue forecasting.
- Driving compliance, governance, internal processes & operational excellence.
National Head – Product Distribution
Swastika InvestMart Pvt Ltd
08.2023 - 10.2023
- Led Product Distribution & Channel Partner network including sub-brokers, digital franchisees & sales agents. Also Set-Up distribution platform which included implementation of MF App.
State Head – Maharashtra & Gujarat
Geojit Financial Services
01.2023 - 07.2023
- Managed P&L across 60+ branches, 50+ business partners & 350+ employees.
- Drove broking & distribution products across the region.
- Expanded partner networks and strengthened B2B franchise relations.
- Ensured regulatory compliance, risk management & operational governance.
National Head – Channel Business
SunEdison
12.2021 - 11.2022
- Led national channel business for solar rooftop vertical; built structures, partnerships, and sales frameworks delivering significant revenue contribution.
Vice President –Strategic Initiatives
Religare Broking Ltd
04.2015 - 11.2021
- Designed program and set up process for Centralized Dealing & Service Platform across 10 major locations manning total dealing team of over 250+ dealers
- Directed revenue growth across all investment products: Insurance, MF, Bonds, NCDs, IPOs, NPS, AIF etc.
- Designed national sales training, certification, MIS & R&R frameworks.
- Created new acquisition channels through alliances, digital funnels & partnerships.
- Negotiated with AMCs/Insurers on commercials & empanelment.
Zonal Business Head – ROMG
Religare Securities Ltd
04.2009 - 03.2015
- Managed P&L of ROMG zone; led 350+ sales & dealing team; handled equities, commodities, currencies and investment & insurance products.
- Managed network of 100+ Business Partners.
AVP – Risk Management
Religare Securities Ltd
04.2005 - 03.2009
- Led pan-India Risk Management for Commodities; ensured credit risk, margin compliance & trade facilitation.
Risk & Ops
Mansukh Securities
01.2004 - 01.2005
Business Development
Mefcom Securities
01.2003 - 01.2004
Education
MSc (Tech) Finance -
BITS Pilani
Pilani01-2003
Science Stream
Birla Senior Secondary School
Pilani01-1998
Skills
Team Leadership
Business Development
P&L Management
Channel Management
Strategic planning
Product Distribution
Process Excellence
Partnerships & Alliances
Performance Management
Decision Making
Negotiation
Collaboration
Problem Solving
HIGHLIGHTS & KEY ACHIEVEMENTS
- Expertise across B2B & B2C channels (digital & offline) driving acquisition & sales.
- Strong experience in Sales Force Management, Recruitment, Training, Activations, Analytics & Productivity.
- Channel Management experience across commissions, processes, compliance & revenue growth.
- Have led large-scale Customer Acquisition, Product Distribution, Program Roll-outs.
- Doubled the revenue and AUM base at Kunvarji Wealth within a span of 2 year hiring 150+ wealth managers. Started 5 centers as well during the tenure.
- Top-ranked in insurance & PMS contests at Geojit, winning multiple Foreign Trips and membership of Geojit’s President’s Club.
- Built national channel programs contributing 40%+ organizational revenue (SunEdison).
- Won Honda City car in Revenue contest along with multiple foreign Trips during cross-sell insurance contests during tenure as Zonal Head with Religare
- Led the Implementation and set up of centralized dealing & servicing program for improved efficiency & customer experience.
- Scaled investment product distribution to ₹100M+ revenue in first full financial year of program roll-out.
ADDITIONAL INFORMATION
- Student Representative – Students' Union, BITS Pilani (2000–2001).
- Leadership Programs: Religare (2014), Strategic Agility – IIM Lucknow (2014), Leading for Results – IIM Lucknow (2013).
Timeline
SVP & Regional Head – Mackertich One Wealth
SMIFS Limited
10.2025 - Current
National Head – Financial Services Business
Kunvarji Wealth Solutions
11.2023 - 10.2025
National Head – Product Distribution
Swastika InvestMart Pvt Ltd
08.2023 - 10.2023
State Head – Maharashtra & Gujarat
Geojit Financial Services
01.2023 - 07.2023
National Head – Channel Business
SunEdison
12.2021 - 11.2022
Vice President –Strategic Initiatives
Religare Broking Ltd
04.2015 - 11.2021
Zonal Business Head – ROMG
Religare Securities Ltd
04.2009 - 03.2015
AVP – Risk Management
Religare Securities Ltd
04.2005 - 03.2009
Risk & Ops
Mansukh Securities
01.2004 - 01.2005
Business Development
Mefcom Securities
01.2003 - 01.2004
MSc (Tech) Finance -
BITS Pilani
Science Stream
Birla Senior Secondary School