Bhavesh Gupta, who was a senior executive vice president at IDFC Bank, is the new CEO of Clix Capital, which was formerly GE Capital India. The commercial lending and leasing business of GE Capital India was acquired by Pramod Bhasin, founder of business process management firm Genpact and Anil Chawla, former CEO of GE Capital India and Asia with the backing of AION Capital Partners and the business was renamed Clix Capital. Gupta, who took over as CEO, said the company is building a full gamut of retail products including vehicle finance, education finance, SME lending, housing finance etc., and will have a reasonable presence in the lending market by the end of this year. Clix Capital has a capital of $300 million and it is offering loans in the range of Rs10,000 to Rs50-70 crore.
