DreamFolks Appoints Shekhar Sood as New CFO to Lead Financial Strategy
DreamFolks, a prominent travel and lifestyle experience company, has appointed Shekhar Sood as its new Chief Financial Officer, effective April 30, 2025. With nearly 20 years of global experience in finance across various sectors, Sood is expected to enhance the company’s financial strategies and support its technology-driven growth. His extensive background includes leadership roles in several well-known firms, positioning him as a key player in DreamFolks’ ambitious plans for expansion.
Shekhar Sood’s Background and Expertise
Shekhar Sood brings a wealth of experience to DreamFolks, having previously served as the CFO at Bajaj Capital Group. In that role, he was instrumental in aligning financial operations with the company’s strategic goals. His career also includes significant positions at Socomec India, Ambuja Cements, CLAAS Agricultural Machinery, Nangia and Co., and Grant Thornton (WCC). Sood’s diverse background equips him with a robust understanding of financial management in both high-growth private companies and multinational corporations.
Sood holds multiple qualifications, including being a Chartered Accountant and a Company Secretary. He also possesses an executive MBA from the Indian School of Business (ISB) and is certified in International Financial Reporting Standards (IFRS). His areas of expertise encompass strategic planning, initial public offerings (IPOs), mergers and acquisitions (M&A), investor relations, treasury management, environmental, social, and governance (ESG) practices, enterprise risk management, and regulatory compliance.
Strategic Vision for DreamFolks
In a statement regarding Sood’s appointment, Liberatha Kallat, Chairperson and Managing Director of DreamFolks, expressed enthusiasm about the new addition to the leadership team. Kallat emphasized that Sood’s extensive experience in financial strategy for innovative companies aligns perfectly with DreamFolks’ vision for growth. She noted that his leadership will be crucial in strengthening the company’s financial foundation and governance, ultimately unlocking long-term value for stakeholders.
Sood himself expressed excitement about joining DreamFolks, highlighting the company’s leadership in its category and its commitment to redefining travel experiences. He aims to enhance financial agility and support the company’s strategic vision through strong governance and capital efficiency. Sood looks forward to contributing to DreamFolks’ next chapter of growth and creating sustainable value for all stakeholders involved.
DreamFolks’ Market Position and Future Plans
DreamFolks operates a proprietary technology platform that enables its clients, including banks, card networks, airlines, online travel agencies (OTAs), and enterprises, to create tailored offerings for their consumers. The company manages lounge access and other benefits for many of India’s top banks, boasting a remarkable market share of over 90% in the domestic lounge access market for India-issued debit and credit programs.
Since going public in September 2022, DreamFolks has been listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has established a global presence, with over 3,000 touchpoints across more than 100 countries. This extensive network positions DreamFolks to capitalize on new opportunities as it continues to innovate and expand its services in the travel and lifestyle sector.
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