BlueStone, India’s premier omni-channel fine jewellery destination, has appointed Rumit Dugar as its Chief Financial Officer (CFO). With over seventeen years of diverse experience in Technology, Fintech, and Equities Businesses, Rumit is recognized as one of India’s top-rated analysts by Asiamoney, a prominent financial publication under Euromoney. In his new role at BlueStone, Rumit will lead the entire finance function, overseeing controls and governance frameworks, capital access and allocation, and investor engagement.
Rumit’s professional journey includes roles at renowned organizations such as J.P. Morgan, Infosys, and IDFC. Beginning his career as an ERP consultant in 2004, he transitioned to the equities business within J.P. Morgan. Rumit has led technology and telecom sectors for investment banks across India, Europe, and Hong Kong. Before joining BlueStone, he served as the Chief Financial Officer & Head of Strategy at Niyogin Fintech, a publicly listed Fintech neo-banking platform focused on delivering impact-centric solutions to MSMEs. Rumit’s expertise spans various areas, including CFO responsibilities, strategy, M&A, investor relations, and capital markets research.
Gaurav Singh Kushwaha, Founder & CEO of BlueStone, expressed enthusiasm about Rumit Dugar joining as CFO, stating, “BlueStone is scaling at pace and establishing its presence across the country, thanks to our unique omni-channel model, which is today paving the way for a new fine jewellery shopping experience in India. With our operations expanding to over 25 cities across the country and continuing to grow, we were on the lookout for a strong and experienced leader to manage the ever-growing finance function and zeroed in on Rumit, whose expertise across verticals in the domain will be a huge value add for BlueStone. We believe he will be the right fit to take the company to the next level.”
Rumit Dugar, sharing his thoughts on the appointment, said, “Jewellery is a new segment for me, and I am excited to be a part of BlueStone’s journey in revolutionizing the jewellery buying experience. I believe my skills and know-how will allow me to build, strengthen, and streamline processes that will have a bearing on the long-term growth prospects of the enterprise. I am honored to be working with a team of professionals who bring rich expertise in growing and establishing new-age enterprises.”
In his new role, Rumit will focus on enhancing market expansion initiatives and reaching targeted audiences across broader geographies by exploring ways to bolster the brand’s capital base through strategic growth initiatives. Rumit holds an MBA in Finance from SP Jain Institute of Management and Research and a B.E. in Computer Science from VTU.