Deoghar. Gaurav Kumar, an entrepreneur with roots in Deoghar, Jharkhand, has emerged as a prominent name in India’s growing fintech sector. His journey added another milestone when Prime Minister Narendra Modi listened to a presentation on UB’s business and technological innovations for around 15 minutes during the inauguration of Global Fintech Fest (GFF) 2026 in Mumbai.
Gaurav Kumar, the founder and CEO of UB, was among the founders and chief executives of eight selected fintech companies who were chosen to interact with the Prime Minister. The opportunity to present the company’s work before the Prime Minister is being seen as a significant milestone in his entrepreneurial journey.
Journey Began With Roots in Deoghar
Gaurav Kumar has deep family ties with Deoghar. His father, Dr Sudhir Kumar, has been among the well-known doctors of the city.
Coming from a family associated with medicine and education, Gaurav chose the financial sector as his professional field. With family roots connected to Deoghar and Sarath, he went on to work at the intersection of technology and financial services.
His journey is considered notable because he built his entrepreneurial career from a small-town background and went on to establish a presence in the national and global financial technology sector.
CredAvenue Was Founded in 2020
The year 2020 marked an important phase in Gaurav Kumar’s entrepreneurial journey when CredAvenue was launched. The company aimed to make the process of providing credit easier, more transparent and efficient through technology.
The platform worked to connect banks, NBFCs, investors and businesses while reducing complexities in the traditional lending process. The model attracted attention from investors and companies operating in the financial sector.
$137 Million Funding and Unicorn Status
CredAvenue expanded rapidly and raised $137 million in funding in 2022. Following the funding round, the company entered the unicorn club with a valuation of around $1.3 billion.
The achievement marked a major turning point in Gaurav Kumar’s business journey. While the company strengthened its position in the fintech sector, Gaurav also emerged as one of the country’s prominent young entrepreneurs.
CredAvenue was later renamed UB. Over time, the company’s operations expanded beyond digital lending into lending, credit and risk, collections, fixed income and artificial intelligence-based financial technology.
UB Selected Among Eight Fintech Companies
Gaurav Kumar’s recent achievement gained further significance after UB was selected among eight leading fintech companies whose founders and CEOs were chosen by the Prime Minister’s Office to interact with Prime Minister Narendra Modi during the opening of GFF 2026.
The seventh edition of the four-day Global Fintech Fest is being held at the Jio World Centre in Mumbai’s Bandra Kurla Complex from September 8 to 11.
Prime Minister Narendra Modi inaugurated the event on Tuesday and interacted with the founders and CEOs of the selected fintech companies. During the interaction, he met UB founder and CEO Gaurav Kumar and listened to the company’s presentation for around 15 minutes.
Ranked 68th Among India’s Top 200 Self-Made Entrepreneurs
Gaurav Kumar’s business achievements have also earned him a place in the IDFC FIRST Bank-Hurun India list of the Top 200 Self-Made Entrepreneurs, where he was ranked 68th.
The ranking was based on company valuations and market capitalisation. According to the available information, UB’s total valuation was reported at around Rs 13,300 crore.
Vivriti Capital, co-founded by Gaurav Kumar, was also ranked 83rd on the same list. The combined market valuation of the two companies was reported at around Rs 25,000 crore.
An Inspiration for Young People From Small Towns
Gaurav Kumar’s roots remain connected with Deoghar and Sarath, including family ties with the Babhangama region. His journey from a small-town background to the global fintech sector is being seen as an inspiring story for young people.
His career highlights how entrepreneurship and technology-driven thinking can help young people from smaller cities build a presence on larger platforms.
Business Success Along With Social Initiatives
Gaurav Kumar has also remained involved in social initiatives. He donated two battery-operated vehicles to AIIMS Deoghar for the convenience of patients.
He also provided financial assistance of Rs 2.70 lakh for the education of two students of RK Mission.
For his father, Dr Sudhir Kumar, Gaurav’s achievement represents a moment of pride not only for the family but also for Deoghar. He said that watching his son present his work before the Prime Minister was an emotional and proud moment.
Dr Sudhir Kumar said Gaurav had achieved his position through hard work and talent. According to him, the journey shows that young people from small towns and villages can also build national and global recognition through their abilities.
From Deoghar to the Global Fintech Stage
Gaurav Kumar’s journey began in Deoghar and moved through India’s major business centres to the global fintech sector. His presentation before Prime Minister Narendra Modi at Global Fintech Fest 2026 has become another important milestone in that journey.
Today, Gaurav Kumar is being seen not only as a successful entrepreneur but also as a representative of a new generation that dreams big despite coming from smaller cities. His continued connection with Deoghar and Sarath, alongside his presence on the global fintech stage, reflects the reach that entrepreneurship and technological innovation can achieve.
