Managing Director & Partner
Mumbai - Nariman Point
Yashraj Erande originally joined Boston Consulting Group in Mumbai in 2006 and rejoined in January 2021. From 2019 to 2021, he created and founded a digital credit platform (NBFC).
At BCG, Yash is a core member of the Financial Institutions and Corporate Finance & Strategy practices. He has advised banks and non-bank financial institutions on topics including long range transformation in banking (digital, strategy, operations, sales force effectiveness, multi-channel strategy, technology architecture, analytics, and organization design). He has also participated in government and regulatory committees on payments.
During his time as an entrepreneur (2019 and 2020), Yash co-founded a new age credit platform (NBFC)—Growth Source Financial Technologies. He took Growth Source from one employee registered out of his apartment to over hundreds of employees with over ten branches, ecosystem partnerships, and a healthy, well-funded balance sheet.
BCG, in association with Trifecta Capital, has released a thought leadership report on the Indian Venture Debt industry. The report identifies critical enablers that will propel the Venture Debt investments to grow 8X to reach $6-7Bn per annum by CY30.
BCG in association with Matrix Partners India has released a report that addresses the State of Fintechs and drivers/enablers to drive growth sustainability amidst market uncertainties and regulatory evolution.
Many of the missteps that banks make can be avoided by building their digital transformation programs around a full front-to-back approach focused on customer value streams.
Any business decision needs to be viewed through a filter of where and how much is the probable upside relative to the downside. The ratio of upside to the downside is called the 'Dreams to Nightmares' ratio.
Banks need to embrace holding structures that can unbundle ‘Fintech Premium’ to attract talent. The industry needs to actively promote Open Network for Digital Commerce (ONDC) platform to ward-off the threat of BigTech. The regulator and government need to re-imagine co-lending as a digital marketplace and unlock massive potential of blockchain.
Despite rapid growth, the route to profitability remains challenging for operators.