With over 18 years of work experience in the financial services industry across markets in India and the US in segments ranging from unsecured lending, mortgages, wealth management and life insurance, Manish Shah is the Co-founder and CEO, BigDecisions.com - the Mumbai based personal finance analytics, advisory and content platform start-up acquired by it in December 2014.
Manish, a graduate in Commerce, Finance and Accounting from R. A. Podar College of Commerce & Economics (affiliated with the University of Mumbai), and is an alumni of IIM Ahmedabad where he did his MBA specializing in finance, marketing and general management.
He began his career as a Relationship Manager with Citi Bank where he worked in the space of the unsecured loans business across three geographies – Mumbai, Punjab and Delhi, managing sales and credit administration teams and managed to have firsthand experience of people management and underwriting retail customer risk.
Manish was associated with the Citi Bank for around 10 years wherein he climbed the corporate ladder and donned management roles. As an Area Director- North, Citi Bank Personal Loans, he managed sales, credit administration and risk for unsecured loans in North India in a pre-credit bureau world and then went on to become the Vice President & National Acquisition Head and supervised the new customer acquisition for Citigold Wealth Management and Citibusiness in India with a robust team of 300 employees.
In the year 2007, he moved to the US and worked as Vice-President, CitiMortgage, Citi US and ran the Home Equity (2nd Mortgage) unit that did business with Citibank's cards customers (130mn strong) across the US and was also involved in originating new loans of over $150mn over a month and a $20mn EBIT.
Manish went on to take up the role of Director, Agency Distribution with Aegon Religare Life Insurance Company Limited, an agency branch network in India where he was involved in expanding the company’s presence across 20 states in India with a team of over 1000 people. Manish was also responsible for overseeing new ventures in areas like strategic alliances, partnerships and product development and was also working towards strengthening traditional distribution capabilities like large brokers and non linear opportunities like adding banking partnerships apart from companies in the direct to home and travel industries.
Despite rising income levels and larger savings needs for the future, tax exemption limits (like the ₹1.5 lakh exemption on section 80C) are paltry given the kinds of corpuses we need to build for our children’s futures and our own retirement or to protect against things like mounting healthcare costs. It’s time we demanded far better bang for the buck for the taxes we pay and greater help to build the wealth we’ve worked so hard to earn.