Corporate Governance: Policies, Advisory Board, B.O.D, Stake Holders, CSR

Board of Directors

Mr. Nirmal Jain

Managing Director

Mr. Nirmal Jain

Managing Director

Mr. Nirmal Jain is the Promoter and Managing Director on the Board of the Company. He founded IIFL Group in 1995. Under his visionary leadership, IIFL Group has grown to become one of the leading financial services players in post liberalized India with a combined market capitalization of USD 5.1 billion serving over 14 million diverse customers in wealth & asset management, consumer lending, securities trading & discount broking spaces. With an impeccable track record of governance and growth, the Group has attracted marquee investors and won accolades internationally. He has been a pioneer in technology led disruptions in financial services space creating new standards in securities trading, consumer finance, wealth and asset management. He is also one of the leading proponents of financial inclusion and financial literacy in India. He holds a PGDM (Post Graduate Diploma in Management) from Indian Institute of Management, Ahmedabad (IIMA) and is a rank holder Chartered Accountant and Cost Accountant. He started his career in 1989 with Hindustan Unilever Limited and founded IIFL Group as an independent equity research company in 1995. He has close to three decades of experience spearheading diverse businesses in the financial services sector.

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Mr. R. Venkataraman

Joint Managing Director

Mr. R. Venkataraman

Joint Managing Director

Mr. R Venkataraman is the Co- Promoter and Joint Managing Director on the Board of the Company. He holds a Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore, and a Bachelor in Electronics and Electrical Communications Engineering from IIT, Kharagpur. He joined IIFL Group in 1999. He has been contributing immensely in the establishment of various businesses and spearheading key initiatives of IIFL Group over the past 25 years. He has previously held senior managerial positions at ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of USA and Barclays – BZW. He worked as an Assistant Vice President with GE Capital Services India Limited in their private equity division. He has varied experience of more than 33 years in the financial services sector.

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Mr. Arun Kumar Purwar

Chairperson & Non-Executive Director

Mr. Arun Kumar Purwar

Chairperson & Non-Executive Director

Mr. Arun Kumar Purwar is the Chairperson & Non-Executive Director of IIFL Finance. He also serves as Chairman & Independent Director of Jindal Panther Cement as well as ERoute Technologies Pvt. Ltd. He is an Independent Director in companies across diverse sectors like Finance, Pharma, Media, Engineering consultancy, Investment Banking, Fintech sectors. He also acts as an advisor to Mizuho Securities, Japan. He was Chairman of the State Bank of India (SBI) from 2002 to 2006 and Chairman of the Indian Bank Association during 2005 to 2006. He has previously held positions such as Managing Director of State Bank of Patiala and was also associated in the setting up of SBI Life. Post his retirement from SBI, he was associated with a leading industry house in setting up the first healthcare-focused private equity fund as well as a non-banking finance company focused on funding real estate projects as well as educational institutions. He has won a number of awards, including the CEO of the Year Award from the Institute of Technology and Management (2004), ‘Outstanding Achiever of the Year’ Award from the Indian Banks’ Association (2004) and ‘Finance Man of the Year’ Award by the Bombay Management Association in 2006.

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Mr. Ramakrishnan Subramanian

Independent Director

Mr. Ramakrishnan Subramanian

Independent Director

Mr. Ramakrishnan Subramanian is a Chartered Accountant, Cost Accountant and holds a Masters degree in Commerce. He has served several leading Banks, FIs in leadership roles since 1990 in India and abroad. He has also served as a Boards member of ING Vysya Bank and Shriram Capital, Shriram Transport, Shriram City Union, in the past apart from having done senior Executive roles such as CEO, MD, Country Head, Asia Regional head roles in domestic and international banks. He is currently engaged as a Sr. Advisor, Operating Partner, Consultant with PE, VC, FIs and Fintech in India. Within financial sector services, his deep expertise and experience are in Retail Financing – Mortgage, LAP, Personal Loans, Business Loans, SME, LAS, Gold, Auto, CV/CE, Securitisation. He has worked in senior capacities involving Strategy, Board, Governance coupled with strong track record on execution across functions covering Channels, Product, Pricing, Portfolio management, Funding, Credit policy, Credit underwriting, Collections management of large Universal banks, Non-Banking Financial Companies (‘NBFCs’) and Fintech.

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Mr. T S Ramakrishnan

Non-Executive Nominee Director

Mr. T S Ramakrishnan

Non-Executive Nominee Director

Prior to taking over as the MD & CEO of LIC Mutual Fund, he was General Manager at LIC Housing Finance Ltd, one of the largest housing finance companies in India. Mr. Ramakrishnan started his career as a direct recruit officer with LIC of India in 1988 and has risen through the ranks to this position. In a career spanning over three decades in the corporation, Mr. Ramakrishnan has made his mark in the areas of training, Marketing and Pension & Group business. He has served as Regional Head of Pension & Group business of LIC’s South Central Zone. He was the Senior Divisional Manager In-charge of Delhi Division. He has also had a stint as Vice Principal in Zonal Training Centre. Mr. Ramakrishnan holds a B.Com (Hons) degree from the University of Delhi and a Post Graduate Diploma in Management. He is a Fellow of the Insurance Institute of India. He also holds a Diploma in Health Insurance. He was also on the Board of AMFI (Association of Mutual Funds in India).

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Mr. Bijou Kurien

Independent Director

Mr. Bijou Kurien

Independent Director

Mr. Bijou Kurien is a well-respected consumer leader with over 40 years of experience in building brands, businesses and creating organizations. He has been associated with marquee brands in the fastmoving consumer products, consumer durables and retail industry in India. After receiving his MBA from XLRI Jamshedpur, he joined Hindustan Unilever as a Management Trainee in 1981. During his successful tenure of over six years, he served across various sales and marketing roles. Later, he moved to Titan, India’s largest manufacturer and marketer of watches and jewelry. He also created India’s largest exclusive brand retail chains. He joined Reliance Industries as the President & CEO of their ambitious Retail venture — Reliance Retail. Currently, he is a member of the Strategic Advisory Board of Premji Invest. He is also serving as an Independent Director on several listed and unlisted companies. Additionally, he advises select consumer product companies and mentors a few start-ups. Mr. Bijou has been associated with the India Retail Forum & Retailers Association of India and has significantly contributed to its development. In addition, he is the Mentor of the FICCI National Retail Committee, member of the Advisory Council of the RAI and Governing boards of various academic institutions.

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Mr. Nihar Niranjan Jambusaria

Independent Director

Mr. Nihar Niranjan Jambusaria

Independent Director

Mr. Nihar Niranjan Jambusaria is a Member of the Institute of Chartered Accountants of India (ICAI). His illustrious career includes serving as the President and Vice President of the ICAI for the year 2021-22 and 2020-21, respectively. Since 1984, Mr. Jambusaria has been a senior partner at N. N. Jambusaria & Co., Chartered Accountants. His consultancy services extend to the renowned Reliance group and various organizations in the private and public sectors. He specializes in Direct Tax, International Tax, Mergers & Acquisitions, FEMA, and Business Restructuring. Previously, Mr. Jambusaria held the position of Senior Vice President at Reliance Industries Ltd. from 2011 to April 2020. His contributions to the field extend beyond the corporate realm. Mr. Jambusaria has served as a Member of the Government Accounting Standards Advisory Board (GASAB) and the Audit Advisory Board of the Comptroller and Auditor General (CAG), highlighting his commitment to excellence and professionalism in the accounting industry

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Mr. Gopalakrishnan Soundarajan

Non-Executive Director

Mr. Gopalakrishnan Soundarajan

Non-Executive Director

Mr. Gopalakrishnan Soundarajan is the Chief Operating Officer at Fairfax India Holdings Corporation and the Managing Director at Hamblin Watsa Investment Counsel Ltd. Prior to this, he was the Chief Investment Officer of ICICI Lombard, the largest private sector property and casualty insurance company in India. He held the position of head of investments at ICICI Lombard from 2001 to 2018 and was a member of the investment committee. He holds a Bachelor of Commerce degree from the University of Madras, is a member of the Institute of Chartered Accountants of India and is a Qualified Chartered Financial Analyst (“CFA”) and Member of the CFA Institute in the United States. He serves on the board of directors of Fairfax India Holdings Corporation, FIH Mauritius Investments Ltd, FIH Private Investments Ltd, 10955230 Canada Inc., Bangalore International Airport Ltd, Quess Corp Ltd, Thomas Cook (India) Ltd, Anchorage Infrastructure Investments Holdings Ltd, Go Digit Life Insurance Limited and Primary Real Estate Investment Fund.

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Ms. Nirma Bhandari

Non-Executive Independent Director

Ms. Nirma Bhandari

Non-Executive Independent Director

Ms. Nirma Anil Bhandari is a Cost Accountant and embodies an extensive experience of 20 + years. Ms. Bhandari mentors the Information Risk Management segment of a leading advisory firm, wherein, during the last 20 years, she has acquired substantial knowledge in the areas related to Information Technology Risk, Audit, Cyber Security, Governance, Risk and Compliance, Data Privacy and Robotics GRC. Thanks to her indepth experience in assessing risks for data centres, networks, varied technology platforms and core IT processes, Nirma has helped large enterprises by consulting/implementing cutting-edge solutions in cybersecurity and the best practices for critical technology risk functions. She has led teams in various engagements for regulatory advisory assessments, frameworks, consulting, reviews, audits, training, etc., for large Banking, Telecom, Insurance, Mutual Funds, and Other Financial and Non-Financial Services companies. Ms. Bhandari devotes her time to philanthropic activities through her family foundation that focuses on child welfare and also actively volunteers through several NGOs that support various causes.

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Audit Committee

Name	Designation
Mr. Nihar Niranjan Jambusaria	Chairperson
Mr. Arun Kumar Purwar	Member
Mr. Ramakrishnan Subramanian	Member
Ms. Nirma Bhandari	Member

Terms of Reference

Nomination & Remuneration Committee

Name	Designation
Mr. Nihar Niranjan Jambusaria	Chairperson
Mr. Bijou Kurien	Member
Mr. Arun Kumar Purwar	Member

Terms of Reference

Stakeholders Relationship Committee

Name	Designation
Mr. Bijou Kurien	Chairperson
Mr. Arun Kumar Purwar	Member
Mr. R. Venkataraman	Member

Terms of Reference

CSR Committee

Name	Designation
Mr. Bijou Kurien	Chairperson
Mr. Nihar Niranjan Jambusaria	Member
Mr. R. Venkataraman	Member

Terms of Reference

Risk Management Committee

Name	Designation
Mr. Nihar Niranjan Jambusaria	Chairperson
Mr. R. Venkataraman	Member
Mr. Ramakrishnan Subramanian	Member
Ms. Nirma Bhandari	Member
Mr. Pranav Dholakia	Member

Terms of Reference

ALCO Committee

Name	Designation
Mr. R Venkataraman	Chairperson
Mr. Arun Kumar Purwar	Member
Mr. Ramakrishnan Subramanian	Member
Mr. Kapish Jain	Member
Mr. Pranav Dholakia	Member
Mr. Govind Modani	Member

Terms of Reference

IT Strategy Committee

Name	Designation
Ms. Nirma Bhandari	Chairperson
Mr. Bijou Kurien	Member
Mr. Ramakrishnan Subramanian	Member
Mr. Pranav Dholakia	Member
Mr. Gaurav Sharma	Member
Mr. Vishal Shirke	Member
Mr. Sameer Gadve	Permanent Invitee

Terms of Reference

KMP

Name	Designation
Mr. Nirmal Jain	Managing Director
Mr. R Venkataraman	Joint Managing Director
Mr. Kapish Jain	Chief Financial Officer
Mr. Samrat Sanyal	Company Secretary & Compliance Officer

ESG Committee

Name	Designation
Mr. Arun Kumar Purwar	Chairperson
Mr. Nihar Niranjan Jambusaria	Member
Mr. R Venkataraman	Member
Ms. Nirma Bhandari	Member
Ms. Madhu Jain	Member
Mr. Pranav Dholakia	Member
Mr. Kapish Jain	Member

Terms of Reference

Customer Service Committee

Name	Designation
Mr. Nihar Niranjan Jambusaria	Chairperson
Mr. Bijou Kurien	Member
Mr. R Venkataraman	Member

Terms of Reference

Further Information

Policies, Procedures & Other Terms

Mr. Srinivasan Sridhar

Chairman & Non-Executive Director

Mr. Srinivasan Sridhar

Chairman & Non-Executive Director

He is the Chairman and an Independent Director on our Board of Directors. He holds a Bachelor’s degree in science from Bangalore University and a master’s degree of science in physics from the Indian Institute of Technology, Delhi. He has previously worked in the banking and finance industry and has held several positions in retail, corporate, and export / import banking, including as the chairman of the National Housing Bank and Central Bank of India. While he was chairman and managing director of the National Housing Bank, he was responsible for a number of initiatives, such as the NHB Residex, Rural Housing Fund, and Reverse Mortgage for senior citizens. Prior to this, he was associated with the Export Import Bank of India as executive director. He is a certified associate of the Indian Institute of Bankers and was conferred with honorary fellowship of the Indian Institute of Banking and Finance in recognition of his contribution in the field of banking and finance.

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Mr. Nirmal Bhanwarlal Jain

Non Executive Director

Mr. Nirmal Bhanwarlal Jain

Non Executive Director

He is a Non-Executive Director on our Board of Directors and was one of the first Directors of the Company. He holds a PGDM (Post Graduate Diploma in Management) from the Indian Institute of Management (IIM), Ahmedabad and is a rank holder Chartered Accountant and a Cost Accountant. He started his career in 1989 with Hindustan Unilever Limited. He founded IIFL group in 1995. It started as an independent equity research company in India. Over the last 26 years, he has led the expansion of the group, while remaining focused on financial services. The group through four listed entities, has leading presence in India’s Wealth and Asset management, consumer lending, securities trading and discount Broking spaces. With an impeccable track record of governance and growth, the group has attracted marquee investors and won accolades internationally. He is currently also the chairman of IIFL Finance Limited, the promoter of our Promoter.

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Mr. Venkataraman Rajamani

Non Executive Director

Mr. Venkataraman Rajamani

Non Executive Director

He is a Non-Executive Director on our Board of Directors. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bengaluru and Bachelor in Electronics and Electrical Communications Engineering from IIT Kharagpur. He joined the Company’s Board in July 1999. He has been contributing immensely to the establishment of various businesses and spearheading key initiatives of the group over the past 22 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays – BZW. He worked as an Assistant Vice President with G E Capital Services India Limited in their private equity division. He has a varied experience of more than 29 years in the financial services sector. He is currently also the managing director and one of the promoters of our Promoter.

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Mr. Venkataramanan Anantharaman

Independent Director

Mr. Venkataramanan Anantharaman

Independent Director

He is experienced in financial services sector having led corporate and investment banking teams in leading international institutions, including Standard Chartered Bank, Credit Suisse, Deutsche Bank, and Bank of America. Advisory experience in sectors including technology, consumer & retail, financial services, risk management. Engineering from Jadavpur University, MBA from XLRI, FT Non Executive Director Diploma and ESG Competent Boards Certificate and Designation.

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Mr. Monu Ratra

Executive Director & CEO

Mr. Monu Ratra

Executive Director & CEO

He is an Executive Director on our Board of Directors and is the Chief Executive Officer of the Company. He holds a Bachelor’s degree in architecture from Guru Nanak Dev University and a master’s degree in Post Graduate Diploma in Management from Lal Bahadur Shastri Institute of Management, Delhi. He has significant experience in the financial services industry. Prior to joining the Company, he worked with Indiabulls Housing Finance Limited as national business manager where he was responsible for setting up, and managing, the retail home loan business along with the home equity business. He has also previously worked with ICICI Bank Limited and HDFC Bank Limited.

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Ms. Mohua Mukherjee

Independent Director

Ms. Mohua Mukherjee

Independent Director

She is an Independent Director on our Board of Directors. She is a professional with over three decades of experience in development economics and has worked with World Bank in Washington DC and has led policy dialogue and formulated investment projects in relation to the UN’s Millennium Development Goals and later the Sustainable Development Goals. She has led the India Solar Energy Team of the World Bank and designed the USD 640 million blended finance Solar Rooftops project with the State Bank of India. She has also worked for Citibank and ABN Amro in Kenya. She is currently a World Bank consultant and she is Advisor to the India Smart Grid Forum. She has a Bachelor’s and Master’s Degree in Economics, with distinction, and a Master of Business Administration degree in International Finance, all from Boston University. She also has a certificate in Public Private Partnerships from the Harvard Kennedy School.

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Mr. Kabir Mathur

Nominee Director

Mr. Kabir Mathur

Nominee Director

He is Head of Asia Pacific within the Private Equities Department of Abu Dhabi Investment Authority (ADIA). He is responsible for leading all aspects of AIDA’s private equity activities in the Asia Pacific region and is a member of the Private Equity Executive Committee. Prior to joining ADIA in 2018, Mr. Mathur worked at Kohlberg Kravis Roberts & Co (KKR) where he was responsible for sourcing, executing and managing private equity investments in Asia. Mr. Mathur joined KKR in 2008, having previously worked at TPG Capital, also in their Asian private equity business. Mr. Mathur began his career in the Investment Banking division of Citigroup/Salomon Smith Barney. Mr. Mathur graduated from the London School of Economics and Political Science with a BSc (Hons.) in Economics.

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Mr. Ramakrishnan Subramanian

Independent Director

Mr. Ramakrishnan Subramanian

Independent Director

Mr. Ramakrishnan Subramanian is a Chartered Accountant, Cost Accountant and Masters in Commerce. He has served several leading Banks, FIs in leadership roles since 1990 in India and abroad. He has also served as a Boards member of ING Vysya Bank and Shriram Capital, Shriram Transport, Shriram City Union, in the past apart from having done senior Executive roles such as CEO, MD, Country Head, Asia Regional head roles in domestic and international banks. He is currently engaged as a Sr. Advisor, Operating Partner, Consultant with PE, VC, FIs and Fintech in India. Within financial sector services, his deep expertise and experience are in Retail Financing – Mortgage, LAP, Personal Loans, Business Loans, SME, LAS, Gold, Auto, CV/CE, Securitisation. He has worked in senior capacities involving Strategy, Board, Governance coupled with strong track record on execution across functions covering Channels, Product, Pricing, Portfolio management, Funding, Credit policy, Credit underwriting, Collections management of large Universal banks, Non-Banking Financial Companies (‘NBFCs’) and Fintech.

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Mr. Mathew Joseph

Independent Director

Mr. Mathew Joseph

Independent Director

Mr Mathew Joseph has over 35 years’ experience with India’s Largest Housing Finance Company and superannuated as Member of Executive Management and Chief Risk Officer. Apart from overseeing Risk , his expertise included both Retail and wholesale Financing and was a Member of Core Committees of the Corporation. During his tenure with the Corporation he led World Bank / IFC assignment’s for supporting and establishing Housing Finance Institutions in Africa and Asia. He holds a Bachelor’s Degree in Science from the Madras University and is a Member of the Institute of Chartered Accountants. He is a Director on the Boards of Tamil Nadu Infrastructure Financial Services Ltd ,Tamil Nadu Infrastructure Trustee Co Ltd, Veritas Finance Ltd and a Consultant with World Bank for their Affordable Housing Fund .

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Mr. Mohan Sekhar

Independent Director

Mr. Mohan Sekhar

Independent Director

Mohan Sekhar is a recognized C-level global IT Consulting & Services industry thought leader with over 30 years’ experience in transforming both large and midsized organizations enabling market leading growth and profitability. He has led the rotation of business to Digital, transformed talent to new technologies and architected Innovation at scale, a first in the industry. He has served on the board of both publicly listed and privately held companies. The past 3 years, he has been part of the startup ecosystem in advisory roles.

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Audit Committee

Name	Designation
Mr. Mathew Joseph	Independent Director
Mr. Venkataramanan Anantharaman	Independent Director
Mr. Kabir Mathur	Nominee Director

Terms of Reference

Nomination & Renummeration Committee

Name	Designation
Mr. Venkataramanan Anantharaman	Independent Director
Ms. Mohua Mukherjee	Independent Director
Mr. Kabir Mathur	Nominee Director

Terms of Reference

Risk Management Committee

Name	Designation
Mr. Mathew Joseph	Chairman & Independent Director
Mr. Monu Ratra	Executive Director & CEO
Mr. Srinivasan Sridhar	Non-Executive Director
Ms. Mohua Mukherjee	Independent Director
Mr. R. Venkataraman	Non-Executive Director
Mr. Kabir Mathur	Nominee Director
Ms. Abhishikta Munjal	Chief Risk Officer
Mr. Sumit Jhunjhunwala	Head-Treasury
Mr. Gaurav Seth	Chief Financial Officer

Terms of Reference

CSR Committee

Name	Designation
Ms. Mohua Mukherjee	Independent Director
Mr. R Venkataraman	Non-Executive Director
Mr. Monu Ratra	Executive Director & CEO

Terms of Reference

ALCO or Assets Liabilities Management Committee

Name	Designation
Ms. Abhishikta Munjal	Chief Risk Officer
Mr. Sumit Jhunjhunwala	Treasury Head
Mr. Gaurav Seth	Chief Financial Officer
Mr. Kabir Mathur	Nominee Director
Mr. Monu Ratra	Executive Director & CEO
Mr. Mohit Kumar	National Credit Manager
Mr. R Venkataraman	Non-Executive Director
Mr. Srinivasan Sridhar	Non-Executive Director

Terms of Reference

ESG

Name	Designation
Ms. Abhishikta Munjal	Chief Risk Officer
Mr. Ajay Jaiswal	Head- Compliance
Ms. Mohua Mukherjee	Independent Director
Mr. Monu Ratra	Executive Director & CEO
Ms. Madhvi Gupta	Marketing Head
Mr. Rachhit Gehanii	Chief Technology Officer
Ms. Rashmi Priya	HR – Business Partner
Mr. Srinivasan Sridhar	Non-Executive Director

Terms of Reference

Finance

Name	Designation
Mr. Monu Ratra	Executive Director & CEO
Mr. R Venkataraman	Non-Executive Director

Terms of Reference

IT Strategy

Name	Designation
Ms. Abhishikta Munjal	Chief Risk Officer
Mr. Monu Ratra	Executive Director & CEO
Mr. Nandan Gandre	Chief Information Security Officer
Mr. Ramakrishnan Subramanian	Independent Director
Mr. Rachhit Gehanii	Chief Technology Officer
Mr. Srinivasan Sridhar	Non-Executive Director

Terms of Reference

Stakeholder Committee

Name	Designation
Ms. Mohua Mukherjee	Independent Director
Mr. R Venkataraman	Non-Executive Director
Mr. Monu Ratra	Executive Director & CEO

Terms of Reference

Wilful Defaulter-Review Committee

Name	Designation
Mr. Monu Ratra	Executive Director & CEO
Mr. Ramakrishnan Subramanian	Independent Director
Mr. Rajamani Venkataraman	Non-Executive Director

WilFul Defaulter Identification Committee

Name	Designation
Mr. Monu Ratra	Executive Director & CEO
Ms. Abhishikta Chadda Munjal	Chief Risk Officer
Mr. Ajay Jaiswal	Head Compliance
Ms. Sabi Aggarwal	Lead - Risk Analytics

Key Managerial Personnal

Name	Designation
Mr. Monu Ratra	Executive Director & CEO
Mr. Ajay Jaiswal	Company Secretary
Mr. Gaurav Seth	Chief Financial Officer

Further Information

Policies, Procedures & Other Terms

Mr. Govinda Rajulu Chintala

Chairman & Additional (Independent) Director

Mr. Govinda Rajulu Chintala

Chairman & Additional (Independent) Director

Dr G R Chintala has more than 20 years of experience as director of Boards of various Financial, Insurance & Microfinance institutions. Currently, He holds various position of Non- Executive Chairman of a Sugar Group, Independent Director on the Boards of Two NBFCs, Chairman of Research Advisory Committee of ICAR - NAARM (GOI Institution), Advisor to Agri Infra Fund Project of World Bank in Assam state (Government) and Mentoring the Agri- Startups. He was the Chairman,NABARD till 31st July 2022. As a Chairman, he was responsible for the landmark projects that were sanctioned/partnerships entered into such as Multi-purpose link project to Madhya Pradesh, Long-term irrigation fund & RIDF in Uttar Pradesh, Infrastructure project to Tamil Nadu, Infrastructure assistance to Goa, Computerisation of PACS in Uttarakhand, Special Package for UT of J&K, Health care infrastructure under RIDF/NIDA, Rural Infrastructure Assistance to States (RIAS) etc., Dr. G R Chintala was awarded Asia’s Most Promising Business Leader Award 2020-21 by The Economic Times. He was also awarded Honorary Doctorate in Science by Professor Jayashankar Telangana State Agricultural University, Hyderabad. He attended quite a few but notable among was the Conference attended on invitation at NAIROBI (Kenya) for presenting a paper on “Rural Transformation Through Info Tech –Indian Experiences” in 2003. He also presented on various topics in National level Seminars & Conferences, GIZ Program at Frankfurt, Germany,in 2012, RACAS conference at Dakar, Senegal in 2016, International Workshop on RuFBeP by APRACA at Beijing in March 2018. He was also Panellist in many conferences on Microfinance organised by MFIN, SaDhan and Access Assist.

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Mr. Kalengada Mandanna Nanaiah

Additional (Independent) Director

Mr. Kalengada Mandanna Nanaiah

Additional (Independent) Director

Mr. Nanaiah Kalengada was the Managing Director, Equifax Credit Information Services Private Limited for over five years till July’23. He was responsible for providing leadership and oversight for the Credit Bureau in India. Nanaiah has led Equifax to build diversified solutions with exchanges across Retail, Microfinance, Commercial and Fraud Risk management over the years with a unique market position. Equifax was awarded with the ‘Best Brands’ by the Economic Times for 2 consecutive years in 2021 and 2022 under his leadership and Mint Tech Circle, an arm of HT Media group awarded Equifax for excellence in digital execution. During his tenure Equifax launched publications like Microfinance Pulse report in partnership with SIDBI, State of Micro enterprise Financing report with Access Assist, Mapping the Indian Retail Lending landscape with PWC and Fintech lending trends with FACE. While at Equifax, Nanaiah was also the Director of Infocredit Holdings Private Limited (IHPL) based in Singapore, one of holding companies of a credit bureau in Singapore and was a Committee Member of CII National Committee on Inclusion and Digitization. Prior to joining Equifax, he was the Managing director of Pitney Bowes in India, a global technology company for ten plus years. He has set up the India Business of Pitney Bowes as the first Managing director and managed the business successfully for over ten plus years. Overall experience of 16 plus years in the role of Managing Director between Pitney Bowes India and Equifax Credit Information Services. Nanaiah has wealth of experience, knowledge and understanding of the financial services industry in the area of data, technology and analytics. He is also a visiting faculty at College of Supervisors, Reserve Bank of India. Very passionate about Microfinance. He has received awards for encouraging Diversity at workplace.

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Mr. Nihar Niranjan Jambusaria

Additional (Independent) Director

Mr. Nihar Niranjan Jambusaria

Additional (Independent) Director

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Mr. Venkatesh N

Managing Director

Mr. Venkatesh N

Managing Director

Mr. Venkatesh N. is the visionary Founder and Managing Director of IIFL Samasta Finance Limited. With over 23 years of experience as an entrepreneur in the financial services industry, he has demonstrated exceptional leadership. Prior to founding IIFL Samasta, Mr. Venkatesh established PNV Techno Acquisitions Private Limited, a company that marketed financial products, and Affluence Edifice, a wealth management service provider. He holds a bachelor's degree in computer science and has completed the prestigious Harvard Business School-ACCION Program on strategic leadership in microfinance.

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Mr. Shivaprakash Deviah

Wholetime Director

Mr. Shivaprakash Deviah

Wholetime Director

Mr. Shivaprakash Deviah, leveraging his expertise, spearheads our Company’s technology initiatives. He has been instrumental in setting up a comprehensive IT infrastructure for lending activities and driving process efficiency through automation. With a background spanning over two decades in the software and financial services industries, Mr. Shivaprakash previously managed global technology projects for Wipro. He holds a bachelor’s degree in computer science and engineering from PSG College of Technology and a diploma in microfinance from the Indian Institute of Banking & Finance.

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Ms. Malini B. Eden

Independent Director

Ms. Malini B. Eden

Independent Director

Ms. Malini B. Eden is a distinguished development specialist and strategy consultant with a remarkable career spanning over two decades. She has worked extensively with marginalized communities, advocating for their inclusion in policy development. Ms. Eden holds key positions in bilateral agencies, government boards, and trusts dedicated to economic empowerment, health, and donor relations. She currently heads the Women’s Education Project at Trust India and consults for the Azim Premjee Foundation.

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Mr. R. Venkataraman

Additional Director (Non- Executive)

Mr. R. Venkataraman

Additional Director (Non- Executive)

Mr. R. Venkataraman is the Co-Promoter and Joint Managing Director of the Company. He holds Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Bangalore and Bachelor in Electronics and Electrical Communications Engineering from IIT Kharagpur. He joined our Company’s Board in July 1999. He has been contributing immensely in the establishment of various businesses and spearheading key initiatives of the Group over the past 24 years. He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, their investment banking joint venture with J P Morgan of US and Barclays –BZW. He worked as an Assistant Vice President with G E Capital Services India Limited in their private equity division. He has a varied experience of more than 31 years in the financial services sector.

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ALCO

Name	Designation
Mr. Narayanaswamy Venkatesh	Managing Director
Mr. Manoj Pasangha	Chief Business Officer
Mr. Anantha Kumar T	Chief Financial Officer
Mr. Gaurav Kumar	Chief Operating Officer
Mr. Mohan Kumar	Head-Treasury
Mr. Manish Agrawal	Chief Risk Officer

Terms of Reference

Audit

Name	Designation
Mr. Vikraman Ampalakkat	Independent Director
Mr. Seshadri Badrinarayanan	Independent Director
Mr. Shivaprakash Deviah	Wholetime Director

Terms of Reference

Borrowing and Business

Name	Designation
Mr. Narayanaswamy Venkatesh	Managing Director
Mr. Shivaprakash Deviah	Wholetime Director

Terms of Reference

CSR

Name	Designation
Mr. Narayanaswamy Venkatesh	Managing Director
Mr. Shivaprakash Deviah	Wholetime Director
Ms. Malini Benjamin Eden	Independent Director

Terms of Reference

Issuance and Allotment

Name	Designation
Mr. Narayanaswamy Venkatesh	Managing Director
Mr. Shivaprakash Deviah	Wholetime Director

Terms of Reference

IT Strategy

Name	Designation
Mr. Seshadri Badrinarayanan	Independent Director
Mr. Shivaprakash Deviah	Wholetime Director

Terms of Reference

Nomination & Remuneration

Name	Designation
Mr. Ramanathan Annamalai	Independent Director
Mr. Vikraman Ampalakkat	Independent Director
Mr. Seshadri Badrinarayanan	Independent Director

Terms of Reference

Risk Management

Name	Designation
Mr. Ramanathan Annamalai	Independent Director
Mr. Seshadri Badrinarayanan	Independent Director
Mr. Shivaprakash Deviah	Wholetime Director

Terms of Reference

Stakeholders Relationship

Name	Designation
Mr. Narayanaswamy Venkatesh	Managing Director
Mr. Vikraman Ampalakkat	Independent Director
Mr. Ramanathan Annamalai	Independent Director

Terms of Reference