PumPumPum, a leading used car leasing and subscription platform, has appointed Sanjeev Prasad as an advisor to the company. He will act as a guide and advisor to the leadership team on corporate strategy for upcoming expansion plans and will make recommendations for aligning the company’s operations.
PumPumPum says Prasad is a veteran of the Indian car leasing industry and had introduced the concept of leasing and fleet management in India in 1999 with LeasePlan. During this period he worked as Operations Director, Commercial Director, before being appointed MD of the company for 14 years.
Tarun Lawadia, Founder and CEO of PumPumPum, said: “PumPumPum is in a growth trajectory and needs the expertise of experienced professionals who can advise and contribute to enhance PumPumPum’s current position in the market. I am delighted to announce and welcome Sanjeev Prasad as an advisor to the company. His experience in setting up LeasePlan in the country, coupled with his in-depth knowledge in this area, will help PumPumPum become the market leader in the leasing segment and the go-to solution for used cars.”
Sameer Kalra, Co-Founder and CGO, PumPumPum, said: “It is an honor and privilege to welcome Sanjeev to our advisory board. His in-depth knowledge of the mobility space will play a central role in our growth journey from now on. His expertise and experience to manage scale will play an important role in keeping us ahead of our learning curve.By leveraging his expertise, we look forward to building strategic partnerships and rolling out innovative products that help create value for our customers and stakeholders.”
Prasad believes that India is finally ready to explore the potential of leasing used cars in the corporate segment. He believes that a leasing/subscription model is a more suitable model, given the administrative and financial aspects.
Sanjeev Prasad said: “PumPumPum’s business model will soon become the future of used car ownership in the country. There is a mobility space to meet the needs of customers, where the short and long term mobility is already being addressed by existing players through self -drive and leasing, but the vacuum between them has been identified and is continuously being filled by PumPumPum.The unique and futuristic business model, leadership team and ability of the team for rapid execution skills have made it a complete recipe for continued success.Come on board as advisor at PumPumPum was a conscious decision and I look forward to working with Tarun and Sameer to unlock the immense potential of the used car mobility space and advise them on how to further enhance the brand.”