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Mr. Nirmal Jain Managing Director
Mr. R. Venkataraman Joint Managing Director
Mr. Arun Kumar Purwar Chairman
Mr. Chandran Ratnaswami Non-Executive Director
Mr. Vijay Kumar Chopra Independent Director
Mr. Nilesh Vikamsey Independent Director
Ms. Geeta Mathur Independent Director
Mr. Ramakrishnan Subramanian Independent Director
The scope of the Audit Committee includes the references made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as well as and applicable provisions of Companies Act, 2013.
The Audit Committee Comprises As Under
- Mr. Arun Kumar Purwar Chairman
- Mr. Nilesh Vikamsey Independent Director
- Ms. Geeta Mathur Independent Director
- Mr. Ramakrishnan Subramanian Independent Director
Terms of Reference of Audit Committee
- Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
- Recommendation for appointment, remuneration and terms of appointment of auditors of the company;
- Approval of payment to statutory auditors for any other services rendered by the statutory auditors;
- Reviewing, with the management, the annual financial statements and auditor's report thereon before submission to the board for approval, with particular reference to:
- Matters required to be included in the Director's Responsibility Statement to be included in the Board's report in terms of clause (c) of sub-section 3 of Section 134 of the Companies Act, 2013;
- Changes, if any, in accounting policies and practices and reasons for the same;
- Major accounting entries involving estimates based on the exercise of judgment by management;
- Significant adjustments made in the financial statements arising out of audit findings;
- Compliance with listing and other legal requirements relating to financial statements;
- Disclosure of any related party transactions;
- Modified opinion(s) in the draft audit report.
- Reviewing, with the management, the quarterly financial statements before submission to the Board for approval;
- Reviewing, with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document / prospectus / notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the Board to take up steps in this matter;
- Review and monitor the auditor's independence and performance, and effectiveness of audit process;
- Approval or any subsequent modification of transactions of the Company with related parties;
- Scrutiny of inter-corporate loans and investments;
- Valuation of undertakings or assets of the company, wherever it is necessary;
- Evaluation of internal financial controls and risk management systems;
- Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems;
- Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit;
- Discussion with internal auditors of any significant findings and follow up there on;
- Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure or internal control systems or a material nature and reporting the matter to the board;
- Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern;
- To look into the reasons for substantial defaults in the payment to the depositors, debenture-holders, shareholders (in case of non-payment of declared dividends) and creditors;
- To review the functioning of the Whistle Blower Mechanism;
- Approval of appointment of CFO (i.e., the whole-time Finance Director or any other person heading the finance function or discharging that function) after assessing the qualifications, experience and background, etc. of the candidate;
- Carrying out any other function as is mentioned in the terms of reference of the Audit Committee.
- Reviewing the utilization of loans and/ or advances from/investment by the company in its subsidiaries exceeding rupees 100 crore or 10% of the asset size of the subsidiary, whichever is lower including existing loans / advances / investments existing.
- Reviewing the following information:
- Management discussion and analysis of financial condition and results of operations;
- Management letters/letters of internal control weaknesses issued by the statutory auditors;
- Internal audit reports relating to internal control weaknesses; and
- The appointment, removal and terms of remuneration of the Chief Internal Auditor shall be subject to review by the Audit Committee.
- statement of deviations:
- Quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to stock exchange(s) in terms of Regulation 32(1).
- annual statement of funds utilized for purposes other than those stated in the offer document/prospectus/notice in terms of Regulation 32(7)
- consider and comment on rationale, cost-benefits and impact of schemes involving merger, demerger, amalgamation etc., on the listed entity and its shareholders.
- Responsibility under Risk Based Internal Audit pursuant to RBI Circular dated February 03, 2021:
- Primarily responsible for overseeing IA function
- Approve RBIA Policy defining purpose, authority & responsibility with demarcating roles & responsibilities for IA & Risk Management function
- Approve RBIA plan ensuring coverage of all risks with defined time lines
- Review of Audit Function atleast annually
- Promote use of new audit technologies / tools
- Periodic review of RBIA policy
- Developing effective audit function for providing quality assurance on the internal control mechanism.
- Understanding the risk assessment methodology and approving the audit plan
- Ensuring the adequate audit coverage to monitor compliance with policies and procedures.
- Approving the audit charter
- Receiving the audit reports and deliberating on action plans to enhance the internal control environment.
- Discussing status of (key) open issues from the previous audits and remediation action steps taken by the management.
- Assessing the performance of IAF. The AC should also periodically assess the performance of risk based internal audits for its reliability, accuracy and objectivity.
- Review the findings identified in the RBI Inspection report and other regulatory inspections (SEBI/Audit/Exchange Audit) and follow up on corrective actions.
- Review the key findings in the monthly Concurrent Audit Reports.
- Review the key audit findings with the entity Audit Committees; analyse potential impact and remediation plans.
- To formulate and maintain a quality assurance and improvement programme that covers all aspects of the internal audit function.
The scope of the Nomination & Remuneration Committee includes the references made under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as well as and applicable provisions of Companies Act, 2013.
The Nomination & Remuneration Comprises As Under
- Mr. Arun Kumar Purwar Chairman
- Mr. Nilesh Vikamsey Independent Director
- Mr. Vijay Kumar Chopra Independent Director
Terms of Reference of Nomination & Remuneration Committee
- Succession planning of the Board of Directors and Senior Management Employees;
- Identifying and selection of candidates for appointment as Directors /Independent Directors based on certain laid down criteria;
- Identifying potential individuals for appointment as Key Managerial Personnel and to other Senior Management positions;
- Formulate, review and implement from time to time the policy for selection and appointment of Directors, Key Managerial Personnel and senior management employees and their remuneration;
- Review the performance of the Board of Directors and Senior Management Employees based on certain criteria as approved by the Board. In reviewing the overall remuneration of the Board of Directors and Senior Management, the Committee ensures that the remuneration is reasonable and sufficient to attract, retain and motivate the best managerial talent, it also ensures that the relationship of remuneration to performance is clear, that the performance meets the appropriate performance benchmarks and that the remuneration involves a balance between fixed and incentive pay, reflecting the short- term and long- term objectives of the Company;
- Devising a policy on diversity of board of directors;
- Administer, monitor and formulate detailed terms and conditions of the employees’ stock option scheme;
- Recommend to the Board, all remuneration, in whatever form, payable to senior management.
- Ensure 'fit and proper' status of proposed/ existing directors as per RBI guidelines and there is no conflict of interest in appointment of Directors on Board of the Company, KMPs and Senior Management.
- Evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director, at the time of every appointment of independent director. For the purpose of identifying suitable candidates:
- may use the services of an external agencies, if required;
- may consider candidates from a wide range of backgrounds, having due regard to diversity; and
- may consider the time commitments of the candidates.
- Ensure that the compensation levels of Key Managerial Personnel and Senior Management are supported by the need to retain earnings of the Company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process.
In compliance with the provision of section 178 of the Companies Act, 2013 and the Listing Agreements with the Stock Exchanges, the Board has renamed the existing “Share Transfer and Investor Grievance Committee” as the “Stakeholders’ Relationship Committee”.
The Stakeholders Relationship Committee comprises as under:
- Mr. R. Venkataraman Joint Managing Director
- Mr. Arun Kumar Purwar Chairman
- Mr. Vijay Kumar Chopra Independent Director
Terms of Reference of Stakeholders Relationship Committee
- Approval of transfer/transmission of shares/debentures and such other securities as may be issued by the Company from time to time;
- Approval to issue of duplicate share certificates for shares/debentures and other securities reported lost, defaced or destroyed, as per the laid down procedure;
- Approval to issue new certificates against subdivision of shares, renewal, split or consolidation of share certificates / certificates relating to other securities;
- Approval to issue and allot right shares / bonus shares pursuant to a Rights Issue / Bonus Issue made by the Company, subject to such approvals as may be required;
- To approve and monitor dematerialization of shares / debentures / other securities and all matters incidental or related thereto;
- Monitoring expeditious redressal of investors / stakeholders grievances;
- Review of measures taken for effective exercise of voting rights by shareholders
- Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent.
- Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company.
- All other matters incidental or related to shares, debentures and other securities of the Company.
In terms of Section 135 of the Companies Act, 2013 rules made there under, the Corporate Social Resposilibilty (CSR) Committee of the Board of Directors of the company was constituted on March 29, 2014.
The Corporate Social Responsibility (CSR) Committee comprises as under:
- Mr. R. Venkataraman Joint Managing Director
- Mr. Nilesh Vikamsey Independent Director
- Mr. Vijay Kumar Chopra Independent Director
Terms of Reference of Corporate Social Responsibility Committee (CSR)
A To review the existing CSR Policy indicating activities to be undertaken as specified in Schedule VII of the Companies Act, 2013. The CSR policy of the company may be accessed on the website on the company at the link http://www.indiainfoline.com/aboutus/iifl-csr-policy To provide guidance on various CSR activities and to monitor the same.
In compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has constituted a Risk Management Committee on October 21, 2014 to oversee risk management function performed by the management, define and review the framework for identification, assessment, monitoring, mitigation and reporting of risks.
The Risk Management Committee comprises as under:
- Mr. R. Venkataraman Joint Managing Director
- Mr. Nilesh Vikamsey Independent Director
- Ms. Geeta Mathur Independent Director
- Mr. Ramakrishnan Subramanian Independent Director
- Mr. Sanjeev Srivastava Chief Risk Officer
Terms of Reference of Risk Management Committee
- Reviewing risks including cyber security and evaluating the treatment including initiating mitigation actions;
- To monitor and review the overall risk management plan of the Company including liquidity risk;
- To ensure there is an embedded, robust process in place throughout the Company to identify, assess, mitigate and report business risks with clear lines of ownership;
- To drive and co-ordinate risk management process covering all areas of risk (including operational, strategic, financial, commercial, regulatory, reputational etc);
- To ensure that the business risk strategy and management processes comply with applicable regulatory requirements and corporate governance principles;
- To ensure that the business risk management principles and processes are widely understood across the Company through adequate induction, training and awareness programmes;
- To periodically monitor and review Company’s key business risks and risk mitigation plans, and advise the Board of business risks which could materially impact Company’s delivery of its business plans, strategy, and reputation, if left untreated;
- To monitor external developments in the business environment which may have an adverse impact on Company’s risk profile, and make recommendations, as appropriate;
- To sponsor specialist reviews of key risk areas as appropriate;
- To report to the Board on key risks, risk management performance and the effectiveness of internal controls;
- To constitute operating risk management committee and delegate such powers to it as may be deemed necessary;
- To formulate a detailed risk management policy which shall include:
- A framework for identification of internal and external risks specifically faced by the company, in particular including financial, operational, sectoral, sustainability (particularly, ESG related risks), information, cyber security risks or any other risk as may be determined by the Committee.
- Measures for risk mitigation including systems and processes for internal control of identified risks.
- Business continuity plan.
- To ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company;
- To monitor and oversee implementation of the risk management policy, including evaluating the adequacy of risk management systems;
- To periodically review the risk management policy, at least once in two years, including by considering the changing industry dynamics and evolving complexity;
- To keep the board of directors informed about the nature and content of its discussions, recommendations and actions to be taken;
- To review the appointment, removal and terms of remuneration of the Chief Risk Officer (if any).
- To seek information from any employee, obtain outside legal or other professional advice and secure attendance of outsiders with relevant expertise, if it required.
- Any other matter as may be mandated/referred by the Authority/Board.
The Asset Liability Management Committee comprises as under:
- Mr. Vijay Kumar Chopra Independent Director
- Mr. Kapish Jain Chief Financial Officer
- Mr. Sanjeev Srivastava Chief Risk Officer
- Mr. Ramakrishnan Subramanian Independent Director
- Mr. Arun Kumar Purwar Chairman
- Mr. Govind Modani Vice President - Treasury
- Mr. R Venkataraman Joint Managing Director
Terms of Reference of Asset Liability Management Committee (ALCO):
- Ensuring adherence to the limits set by the Board as well as for deciding the business strategy of the Company (on the assets and liabilities sides) in line with the Company’s budget and decided risk management objectives;
- Prepare forecasts (simulations) showing the effects of various possible changes in market conditions related to the balance sheet and recommend the action needed to adhere to Company’s internal limits;
- Ensure that the Company operates within the limits / parameters set by the Board;
- ALCO would also articulate the current interest rate view of the Company and base its decisions for future business strategy on this view;
- Measuring and managing liquidity needs and ensure Company’s ability to meet its liabilities as they become due, liquidity management can reduce probability of an adverse situation developing;
- Present to the Board statement of assets and liabilities;
- Update Board on various assets and securitisation of mortgage loans & gold loans;
- Recommending Board about the viable source of finance to cater fund requirements of the Company.
- Any other matter as may be mandated/referred by the Authority/Board.
The IT Strategy Committee comprises as under:
- Mr. Arun Kumar Purwar Chairman
- Mr. Nilesh Vikamsey Independent Director
- Ms. Geeta Mathur Independent Director
- Mr. Aditya Sisodia Leader NBFC Applications
- Mr. Ramakrishnan Subramanian Independent Director
- Mr. Sanjeev Srivastava Chief Risk Officer
- Mr. Gaurav Sharma Chief Technology Officer/Chief Information Officer
- Mr. Shankar Ramrakhiani Chief Information Security Officer
- Mr. Mitesh Vora Head IT Infrastructure & Cyber Security
- Approving IT strategy and policy documents and ensuring that the management has put an effective strategic planning process in place;
- Ascertaining that management has implemented processes and practices that ensure that the IT delivers value to the business;
- Ensuring IT investments represent a balance of risks and benefits and that budgets are acceptable;
- Monitoring the method that management uses to determine the IT resources needed to achieve strategic goals and provide high-level direction for sourcing and use of IT resources;
- Ensuring proper balance of IT investments for sustaining NBFC’s growth and becoming aware about exposure towards IT risks and controls.
- Instituting an appropriate governance mechanism for outsourced processes, comprising of risk based policies and procedures, to effectively identify, measure, monitor and control risks associated with outsourcing in an end to end manner;
- Defining approval authorities for outsourcing depending on nature of risks and materiality of outsourcing;
- Developing sound and responsive outsourcing risk management policies and procedures commensurate with the nature, scope, and complexity of outsourcing arrangements;
- Undertaking a periodic review of outsourcing strategies and all existing material outsourcing arrangements;
- Evaluating the risks and materiality of all prospective outsourcing based on the framework developed by the Board;
- Periodically reviewing the effectiveness of policies and procedures;
- Communicating significant risks in outsourcing to the NBFC’s Board on a periodic basis;
- Ensuring an independent review and audit in accordance with approved policies and procedures;
- Ensuring that contingency plans have been developed and tested adequately;
- Ensuring that the business continuity preparedness is not adversely compromised on account of outsourcing.
- To work in partnership with other Board committees and Senior Management to provide input to them. It will also carry out review and amend the IT strategies in line with the corporate strategies, Board Policy reviews, cyber security arrangements and any other matter related to IT Governance.
- Any other matter as may be mandated/referred by the Authority/Board.
Further Information
The members of the audit committee are:
The scope and function of the Audit Committee is in accordance with Section 177 of the Companies Act 2013 ['CA'] and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ['Listing Regulations'] and its terms of reference are as follows:
- Oversight of our Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
- Recommendation for appointment, re-appointment and replacement, remuneration and terms of appointment of auditors of our Company;
- Approval of payment to statutory auditors for any other services rendered by the statutory auditors;
- Reviewing, with the management, the annual financial statements and auditor's report thereon before submission to the board for approval, with particular reference to:
- Matters required to be included in the director's responsibility statement to be included in the Board's report in terms of clause (c) of sub-section 3 of Section 134 of the CA 2013;
- Changes, if any, in accounting policies and practices and reasons for the same;
- Major accounting entries involving estimates based on the exercise of judgment by management;
- Significant adjustments made in the financial statements arising out of audit findings;
- Compliance with listing and other legal requirements relating to financial statements;
- Disclosure of any related party transactions; and
- Qualifications/ modified opinions in the draft audit report.
- Reviewing, the quarterly financial statements with the management before submission to the Board for approval;
- Reviewing, with the management, the statement of uses/ application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document/ prospectus/ notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the Board to take up steps in this matter;
- Review and monitor the auditor's independence and performance, and effectiveness of audit process;
- Approval or any subsequent modification of transactions of our Company with related parties;
- Scrutiny of inter-corporate loans and investments;
- Valuation of undertakings or assets of our Company, wherever it is necessary;
- Evaluation of internal financial controls and risk management systems;
- Monitoring the end use of funds raised through public offers and related matters, if any;
- Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems;
- Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit;
- Discussion with internal auditors of any significant findings and follow up there on;
- Reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the Board;
- Discussion with statutory auditors before the commencement of the audit, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern;
- The Audit Committee may call for the comments of the auditors about internal control systems, the scope of audit, including the observations of the auditors and review of financial statement before their submission to the Board and may also discuss any related issues with the internal and statutory auditors and the management of the company;
- To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors;
- To establish and review the functioning of the whistle blower mechanism;
- Approval of appointment of the chief financial officer after assessing the qualifications, experience and background, etc. of the candidate;
- Related Party Transactions:
- all related party transactions shall require prior approval of the Audit Committee.
- the Audit Committee may grant omnibus approval for related party transactions proposed to be entered into by the Company subject to the following conditions, namely:
the criteria for granting the omnibus approval shall be specified which shall be in line with the Company’s policy on related party transactions and such approval shall be the based on the factors namely repetitiveness of the transactions (in past or in future) and the justification for the need of omnibus approval;
the Audit Committee shall satisfy itself on the need for omnibus approval for transactions of repetitive nature and that such approval is in the interest of the Company;
such omnibus approval shall not be made for transactions in respect of selling or disposing of the undertaking of the Company. - the omnibus approval shall specify:
the name(s) of the related party, nature of transaction, period of transaction, maximum value of transactions that shall be entered into and the value of transactions, in aggregate, which can be allowed under the omnibus route in a year;
the extent and manner of disclosures to be made to the Audit Committee at the time of seeking omnibus approval;
the indicative base price or current contracted price and the formula for variation in the price if any;
such other conditions as the Audit Committee may deem fit.
Provided that where the need for related party transaction cannot be foreseen and aforesaid details are not available, committee may grant omnibus approval for such transactions subject to their value not exceeding Rs. 1 crore per transaction; - the Audit Committee shall review, at least on a quarterly basis, the details of related party transactions entered into by the Company pursuant to each of the omnibus approvals given;
- such omnibus approvals shall be valid for a period not exceeding one (1) financial year and shall require fresh approvals after the expiry of such financial year;
- however such prior and omnibus approval shall not be required in case of the transactions entered into between the company and its wholly owned subsidiary/ subsidiaries whose accounts are consolidated with the company and placed before the shareholders at the general meeting for approval.
- Review of:
- management discussion and analysis of financial condition and results of operations;
- statement of significant related party transactions (as defined by the audit committee), submitted by management;
- management letters / letters of internal control weaknesses issued by the statutory auditors;
- internal audit reports relating to internal control weaknesses;
- the appointment, removal and terms of remuneration of the chief internal auditor shall be subject to review by the audit committee;
- statement of deviations including:
quarterly statement of deviation(s) including report of monitoring agency, if applicable, submitted to stock exchange(s) in terms of Regulation 32(1) of the Listing Regulations; annual statement of funds utilized for purposes other than those stated in the offer document/prospectus/notice in terms of Regulation 32(7) of the Listing Regulations; - The utilization of loans and/or advances from/investment by the holding company in the subsidiary > Rs. 100 crore or 10% of asset size of the subsidiary, whichever is lower, including existing loans / advances / investments and all other terms of reference of the committee shall remain unchanged.
- The Audit Committee shall have authority to investigate into any matter in relation to the items specified above and for this purpose shall have power to obtain professional advice from external sources and have full access to information contained in the records of the company;
- Carrying out any other terms of reference as may be decided by the Board or specified/ provided under the CA 2013 or the Listing Regulations or by any other regulatory authority.
The members of the nomination and remuneration committee are:
The scope and function of the nomination and Remuneration committee is in accordance with Section 178 of the Companies Act 2013 ['CA 2013'] and SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ['Listing Regulations'] and its terms of reference are as follows.
- Formulation of criteria for evaluation of performance of independent directors and the board of directors.
- Formulate the criteria for determining qualifications, positive attributes and independence of a director and recommend to the Board a policy, relating to the remuneration for the directors, key managerial personnel and other employees and while formulating this policy ensure that:
Level and composition of remuneration is reasonable and sufficient to attract, retain and motivate directors of the quality required to run our Company successfully;
Relationship of remuneration to performance is clear and meets appropriate performance benchmarks;
Remuneration to directors, key managerial personnel and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of our Company and its goals and ensure that the policy is disclosed in the Board's report. - Identify persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, recommend to the Board their appointment and removal and shall carry out evaluation of every director‘s performance;
- Whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors;
- Devising a policy on diversity of the board of directors.
The members of the stakeholder’s relationship committee are:
The stakeholders relationship committee was constituted by a resolution of our Board dated May 08, 2019. The scope and function of the stakeholders relationship committee is in accordance with Section 178 of the Companies Act 2013 ['CA 2013'] and Regulation 20 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 ['Listing Regulations']. The terms of reference of the stakeholder’s relationship committee are as follows:
- To consider and resolve stakeholders and investors grievances;
- It shall consider and resolve the grievances of the security holders of the Company including complaints related to transfer of shares, non-receipt of annual report and non-receipt of declared dividends;
- To approve allotment of shares, debentures and other securities as per the authority conferred to the Stakeholders Relationship Committee by the Board of Directors, from time to time;
- To approve/ authorize the officers of the Company to approve requests for transfer, transposition, deletion, consolidation, sub-division, change of name/address etc. in respect of shares, debentures and securities received by the Company;
- To review or address the complaints received by the Company from investors, SEBI, the Stock Exchanges, Ministry of Corporate Affairs, etc. and the action taken for redressal of the same and to suggest resolution of long pending complaints;
- To approve and ratify the action taken by the authorized officers of the Company in compliance investors for issues of duplicate/replacement/consolidation/sub-division and other purposes for the shares, debentures and securities of the Company;
- To monitor and expedite the status and process of dematerialsation and dematerialization of shares, debentures and securities of the Company;
- To give directions for monitoring the stock of blank stationery and for printing of stationery required by the secretarial department of the Company, from time to time, for issuance of share certificates, debenture certificates, allotment letters, warrants, pay orders, cheques and other related stationary;
- To review the status of unpaid dividend, interest and undelivered share certificates and measures taken by the Company to resolve or reduce them;
- To ensure compliance of transfer of unpaid dividend and shares to investor education and protection fund on or before due date;
- To monitor the progress of release of unpaid dividend and process of dissemination of these records in accordance with the prescribed guidelines, rules and regulations;
- To review the results of any investigation or audit conducted by any statutory authority;
- Review the effectiveness of the system for monitoring compliance with laws and regulations;
- Review the mechanism of handling investor’s complaints and the status of any pending complaints which remain unresolved or unattended;
Any significant or important matters affecting the interest of the Company.
The members of the Corporate Social Responsibility Committee are:
Broad terms of reference of the Corporate Social Responsibility Committee (CSR)
The terms of reference of Corporate Social Responsibility Committee (CSR) is mentioned below:
- Formulating and recommending to the Board, the CSR Policy which shall indicate the activities to be undertaken by the Company as specified in Schedule VII to the Act. The CSR policy of the Company may be accessed on the website of the Company i.e. https://www.indiainfoline.com/
- Making recommendation on the amount of the expenditure to be incurred on CSR activities;
- Instituting a transparent monitoring mechanism for implementation of the CSR activities to be undertaken by the Company ; and
- Such other functions as may be entrusted to it by the Board of Directors, from time to time.
The members of the Risk Management Committee are:
Broad terms of reference of the Risk Management committee
The terms of reference of the Risk Management committee is mentioned below:
- Reviewing risks including cyber security and evaluating the treatment including initiating mitigation actions;
- To monitor and review the risk management plan of the Company and its regulated subsidiaries.
- To oversee risk management process, systems and measures implemented to mitigate the same.
- Assessing the risk profile of the Company and key areas of risk in particular;
- Any other matter as may be mandated/referred by the Authority/Board.
The members of the Finance Committee are:
Broad terms of reference of the Finance Committee:
The broad terms of reference of the Finance Committee are as under:
- To borrow funds for and on behalf of the Company up to the maximum amount as determined by the Board of Directors of the Company from time to time.
- To invest funds of the Company from time to time in equity shares, preference shares, debt securities, bonds, whether listed or unlisted, secured or unsecured, fixed deposits, units of mutual fund, security receipts, securities, etc. taking into consideration all investment parameters up to the maximum amount as determined by the Board of Directors of the Company from time to time and also to enter into any agreements including but not limited to enter into Share Purchase Agreement, Share Subscription Agreement, Shareholders Agreement etc. as may be required to give effect to such transaction;
- To allot securities of the Company including equity shares, preference shares, debt securities, bonds, etc. from time to time;
- To borrow funds for meeting the short term requirements of funds of the Company by issuing Commercial Paper including redemption and buyback of Commercial Paper and also to list the same as per the SEBI Regulations.
- To avail intraday facilities from Banks/Financial Institution upto Rs. 3000 Crores (Rupees Three Thousand Crores.)
- To offer assurances on behalf of Subsidiaries, in the form of guarantee, security, undertakings, letters (including without limitation, letter of comfort), deeds, declarations or any other instruments in connection with loan availed by them from Bank, Financial Institution, Non-Banking Financial Companies, other body corporates, etc. upto such limit, if applicable, as delegated/decided by the Board from time to time;
- Powers relating to issuance and allotment of Debentures:
- To determine terms and conditions and number of debentures to be issued.
- Determining timing, nature, type, pricing and such other terms and conditions of the issue including coupon rate, minimum subscription, retention of over subscription, if any and early redemption thereof.
- To approve and make changes to the Draft Prospectus, to approve the Final Prospectus, including any corrigendum, amendments supplements thereto, and the issue thereof.
- To approve all other matters relating to the issue and do all such acts, deeds, matters and things including execution of all such deeds, documents, instruments, applications and writings as it may, at its discretion, deem necessary and desirable for such purpose including without limitation the utilisation of the issue proceeds, modify or alter any of the terms and conditions, including size of the issue, as it may deem expedient, extension of issue and/or early closure of the issue.
- Any other matter as may be referred.
Further Information
Ms. Mohua Mukherjee Independent Director
Mr. S. Sridhar Chairman & Independent Director
Mr. Nirmal Jain Non Executive Director
Mr. R Venkataraman Non Executive Director
Mr. Kranti Sinha Independent Director Former Executive Director, LIC
Mr. Monu Ratra Executive Director & CEO
Mr. Arun Kumar Purwar Independent Director
Mr. Kabir Mathur Nominee Director
The Audit Committee Comprises As Under
The Nomination & Remuneration Committee Comprises As Under:
Risk Management Committee Comprises As Under:
- Mr. Monu Ratra Executive Director and CEO
- Mr. S. Sridhar Chairman & Independent Director
- Mr. Kranti Sinha Independent Director
- Ms. Mohua Mukherjee Independent Director
- Mr. R. Venkataraman Non-Executive Director
- Mr. Kabir Mathur Nominee Director
- Ms. Abhishikta Munjal Chief Risk Officer
- Mr. Govind Modani Head Treasury
Further Information
IT Strategy
Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
IT Strategy
Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
IT Strategy
Ms. Geeta Mathur
Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.
IT Strategy
Mr. Ramakrishnan Subramanian
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, NBFCs and Fintech.
IT Strategy

Mr. Sanjeev Srivastava
He is a Chartered Accountant and an industry veteran with 20 years of rich experience across risk domain in Retail asset product. He has Demonstrated profound knowledge in operational risk, credit risk, market risk, fraud risk, collections, internal audit, compliance controls & process strengthening and have worked in various leadership roles in Credit & risk in banks and financial institutions like ICICI Bank, and GE Capital.
KMP

Ms. Sneha Patwardhan
Ms. Sneha Patwardhan, is a qualified member of the Institute of Company Secretaries of India, a Law Graduate and Post Graduate in Commerce. She has around 13 years of experience in the field of Secretarial, Compliance, Legal, Corporate Advisory, Corporate Governance and Mergers & Acquisitions. Prior to joining IIFL, she was part of the General Corporate Law Practice at Cyril Amarchand Mangaldas.
KMP

Mr. Kapish Jain
Mr. Kapish Jain comes with more than 25 years of experience in the BFSI sector across all areas of Finance, Strategy, Treasury, IR, FP&A and Accounts. His earlier BFSI experience includes PNB housing finance, AU Finance, Deutsche Bank, ICICI Prudential, etc. Mr. Jain is also a qualified CA, CS, ICWA & CPA.
KMP
Mr. R Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
KMP
Mr. Nirmal Jain
Mr. Nirmal Jain is the founder and Chairman 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 Lever Limited. He founded Probity Research and Services Private Limited (later renamed as India Infoline Limited) in 1995; one of the first independent equity research companies in India. He was instrumental in steering the groups foray into various financial sector activities that have grown over the years into significant businesses in terms of net worth and profitability. Under his leadership, IIFL Group has attainted its position as a dominant and diversified player in the financial services space over the past 24 years.
ALCO
Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.
ALCO

Mr. Kapish Jain
Mr. Kapish Jain comes with more than 25 years of experience in the BFSI sector across all areas of Finance, Strategy, Treasury, IR, FP&A and Accounts. His earlier BFSI experience includes PNB housing finance, AU Finance, Deutsche Bank, ICICI Prudential, etc. Mr. Jain is also a qualified CA, CS, ICWA & CPA.
ALCO
Mr. Sanjeev Srivastava
He is a Chartered Accountant and an industry veteran with 20 years of rich experience across risk domain in Retail asset product. He has Demonstrated profound knowledge in operational risk, credit risk, market risk, fraud risk, collections, internal audit, compliance controls & process strengthening and have worked in various leadership roles in Credit & risk in banks and financial institutions like ICICI Bank, and GE Capital.
ALCO
Mr. Ramakrishnan Subramanian
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, NBFCs and Fintech.
ALCO
Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
ALCO
Mr. R Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
Risk Management
Mr. R. Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
Risk Management
Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Risk Management
Ms. Geeta Mathur
Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.
Risk Management
Mr. Ramakrishnan Subramanian
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, NBFCs and Fintech.
Risk Management

Mr. Sanjeev Srivastava
He is a Chartered Accountant and an industry veteran with 20 years of rich experience across risk domain in Retail asset product. He has Demonstrated profound knowledge in operational risk, credit risk, market risk, fraud risk, collections, internal audit, compliance controls & process strengthening and have worked in various leadership roles in Credit & risk in banks and financial institutions like ICICI Bank, and GE Capital.
CSR
Mr. R. Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
CSR
Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
CSR
Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.
Stakeholders Relationship
Mr. R. Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
Stakeholders Relationship
Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
Stakeholders Relationship
Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.
Nomination & Remuneration

Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
Nomination & Remuneration

Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Nomination & Remuneration

Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.
Audit

Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
Audit

Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Audit

Ms. Geeta Mathur
Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.
Audit

Mr. Ramakrishnan Subramanian
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, NBFCs and Fintech.
CSR

Mr. R Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
CSR

Mr. Monu Ratra
Mr. Monu Ratra is a graduate of Architecture and MBA with over 17 years of work experience in the financial services industry.. Mr. Ratra has been instrumental in growth of IIHFL’s loan book substantially during the past three years. Under his leadership, IIHFL has aspired to become key player in affordable housing segment and to serve the need of housing finance, especially, of those who are underserved or untouched. Prior to joining IIFL Group, he was associated with Indiabulls Housing Finance Limited as National Business Manager where he was responsible for setting up and building the retail home loan business along with their home equity business. Mr. Ratra has also served HDFC Ltd., ICICI Bank.
Risk Management

Mr. S. Sridhar
Mr. S. Sridhar holds degree from IIT, Delhi and did his Master’s from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is an eminent personality in the banking and finance industry with more than 38 years of rich experience and has held several senior positions in retail, corporate and export/import banking in his career. He is widely acknowledged as an innovative, market oriented banker and strategic thinker providing transformational leadership to the organizations he has worked with. He was the Chairman of National Housing Bank (NHB) and Central Bank of India where, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, Reverse Mortgage for senior citizens. Prior to this, he was associated with Export Import Bank of India and State Bank of India as an Executive Director. Mr. Sridhar has been a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.
Risk Management
Mr. Kranti Sinha
Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.
Risk Management
Mr. R. Venkataraman
Mr. R. Venkataraman, Co-Promoter and Managing Director of IIFL Holdings Limited. He holds a B.Tech from Indian Institute of Technology, Kharagpur and MBA from Indian Institute of Management IIM, Bangalore. He joined the IIFL group in July 1999 and has been on the Board of Directors of the Company since its inception. He has been instrumental in establishing various line of businesses over the past 18 years. He previously held senior managerial positions at ICICI Limited, including ICICI Securities, its investment banking joint venture with JP Morgan, and Barclays BZW. He worked as Assistant Vice President with GE Capital Services India in its private equity division. He has a varied experience of more than 25 years in the financial services sector.
Risk Management
Mr. Kabir Mathur
Mr. Kabir Mathur 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.
Board Of Directors

Ms. Mohua Mukherjee
Ms. Mohua Mukherjee is a seasoned development economics professional with thirty years of international experience. She was among the youngest candidates ever selected for the globally competitive Young Professionals’ Program of the World Bank in Washington DC. Her career at the World Bank included responsibility for designing and supervising World Bank investment projects, based on dialogue with Ministers and senior government officials in client countries. Mohua has led policy dialogue and formulated investment projects in 9 different sectors of the economy, in 44 countries on 4 continents, all pertaining to the UN’s Millennium Development Goals and later the Sustainable Development Goals. She is an experienced leader of multi-disciplinary teams and has received various awards of appreciation from government clients for her consultative approach.
She headed the Corporate Finance department first at Citibank and then at ABN AMRO Bank Nairobi, Kenya. Apart from this hands-on financial sector experience in Kenya, Mohua also has energy sector investment experience in 15 African countries, plus Nepal and Bangladesh and of course India as well.
From 2014-2017, Mohua led the India Solar Energy Team of the World Bank, and she was responsible for managing a large team of professionals to complete the delivery of a US$1 billion solar program to the government of India. The US$640 million blended-finance Solar Rooftops project with the State Bank of India, which she designed from the start, brought the OPEX model to the Indian solar rooftop market. Apart from the solar energy sector, Mohua also has a great deal of experience in the Indian electricity distribution company sector. She has contributed to various World Bank publications and also has three solo-authored books, with the most recent one being (in 2014) on private participation in the Indian power sector.
In 2017 she ended her long career in Washington and moved to Bangalore for family reasons. Following her relocation to India, Mohua worked pro-bono for 2 years at the International Solar Alliance, to support its initial establishment. She is currently a World Bank consultant and she is Advisor to the India Smart Grid Forum.
Mohua 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.
Board Of Directors

Mr. S. Sridhar
Mr. S. Sridhar holds degree from IIT, Delhi and did his Master’s from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is an eminent personality in the banking and finance industry with more than 38 years of rich experience and has held several senior positions in retail, corporate and export/import banking in his career. He is widely acknowledged as an innovative, market oriented banker and strategic thinker providing transformational leadership to the organizations he has worked with. He was the Chairman of National Housing Bank (NHB) and Central Bank of India where, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, Reverse Mortgage for senior citizens. Prior to this, he was associated with Export Import Bank of India and State Bank of India as an Executive Director. Mr. Sridhar has been a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.
Board Of Directors

Mr. Nirmal Jain
Mr. Nirmal Jain is Founder and Chairman of IIFL Holdings Limited. Coming from a family of commodity traders in Rajasthan, trading was in his blood. The IIM-Ahemdabad alumni, a rank holding Chartered Accountant and a Cost Accountant began his career in 1989 with Hindustan Lever’s Commodity export business. He floated a financial research and business information firm Probity Research which, later on, became India Infoline, one of the first independent equity research companies in India. He was instrumental in steering the Group’s foray into various businesses that have grown significantly over the years in terms of net-worth and profitability. Under his leadership, IIFL Group has emerged a dominant and diversified player in the financial services space over the past 24 years.
Board Of Directors

Mr. R Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
Board Of Directors

Mr. Kranti Sinha
Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.
Board Of Directors

Mr. Monu Ratra
Mr. Monu Ratra is a graduate of Architecture and MBA with over 17 years of work experience in the financial services industry.. Mr. Ratra has been instrumental in growth of IIHFL’s loan book substantially during the past three years. Under his leadership, IIHFL has aspired to become key player in affordable housing segment and to serve the need of housing finance, especially, of those who are underserved or untouched. Prior to joining IIFL Group, he was associated with Indiabulls Housing Finance Limited as National Business Manager where he was responsible for setting up and building the retail home loan business along with their home equity business. Mr. Ratra has also served HDFC Ltd., ICICI Bank.
Board Of Directors

Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
Board Of Directors

Mr. Kabir Mathur
Mr. Kabir Mathur 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.
Nomination & Remuneration
Mr. Kranti Sinha
Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.
Nomination & Remuneration

Mr. S. Sridhar
Mr. S. Sridhar holds degree from IIT, Delhi and did his Master’s from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is an eminent personality in the banking and finance industry with more than 38 years of rich experience and has held several senior positions in retail, corporate and export/import banking in his career. He is widely acknowledged as an innovative, market oriented banker and strategic thinker providing transformational leadership to the organizations he has worked with. He was the Chairman of National Housing Bank (NHB) and Central Bank of India where, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, Reverse Mortgage for senior citizens. Prior to this, he was associated with Export Import Bank of India and State Bank of India as an Executive Director. Mr. Sridhar has been a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.
Nomination & Remuneration
Mr. Kabir Mathur
Mr. Kabir Mathur 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.
Board Of Directors

Mr. Nirmal Jain
Mr. Nirmal Jain is the founder and Chairman 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 Lever Limited. He founded Probity Research and Services Private Limited (later renamed as India Infoline Limited) in 1995; one of the first independent equity research companies in India. He was instrumental in steering the groups foray into various financial sector activities that have grown over the years into significant businesses in terms of net worth and profitability. Under his leadership, IIFL Group has attainted its position as a dominant and diversified player in the financial services space over the past 24 years.
Board Of Directors

Mr. R. Venkataraman
Mr. R. Venkataraman is the Co-Promoter and Managing Director of the Company. He holds Post Graduate Diploma in Management from Indian Institute of Management (IIM), Bangalore 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 in the establishment of various businesses and spearheading key initiatives of the group over the past 20 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 28 years in the financial services sector.
Board Of Directors

Mr. Arun Kumar Purwar
Mr. Purwar is currently the Chairman of Tadas Wind Energy Private Limited as well as Eroute Technologies Private Limited. He also works as an independent director in leading Companies across diverse sectors, viz. Power including Solar, Wind, Thermal & Gas based power projects, Steel, Pharmaceuticals, Telefilms, Engineering Consultancy, Financial Services as well as Fintech. He also acts as an Advisor to Mizuho Securities, Japan. Mr. Purwar was the Chairman of State Bank of India the largest Bank in the country from November, 2002 to May, 2006. He held several important and critical positions like Managing Director of State Bank of Patiala, Chief Executive Officer of Tokyo Branch covering almost the entire range of commercial banking operations in his long and illustrious career at the Bank. He was also associated in setting up of SBI Life. Mr. Purwar also worked as Chairman of Indian Bank Association during 2005-2006. He has received CEO of the year Award from The Institute of Technology and Management (2004), "Outstanding Achiever of the year" award from Indian Banks' Association (2004) "Finance Man of the Year" Award by the Bombay Management Association in 2006.
Board Of Directors

Mr. Chandran Ratnaswami
Mr. Chandran Ratnaswami, is a Non-Executive Director of the Company. He is the Managing Director of Hamblin Watsa Investment Counsel Limited, a wholly owned investment management company of Fairfax Financial Holdings Limited. He is a director and CEO of Fairfax India Holdings Corporation. Mr. Ratnaswami serves on the Boards of, among others, Quess Corp Limited, Bangalore International Airport Limited, National Collateral Management Services Limited, Go Digit General Insurance Limited, Thomas Cook (India) Limited, Fairbridge Capital Private Limited in India, Zoomer Media, Fairfax India Holdings Corporation in Canada, Thai Reinsurance, Thailand, and Fairfirst Insurance Limited, Sri Lanka. Mr. Ratnaswami holds a Bachelor’s degree in Civil Engineering from IIT Madras, India and MBA from the University of Toronto, Canada.
Board Of Directors

Mr. Vijay Kumar Chopra
Mr. Vijay Kumar Chopra is a fellow member of the Institute of Chartered Accountants of India. He was the whole-time member of SEBI for two years; prior to that he has been a career banker and has held several top positions during his 36 years of experience in banking industry. Some of his accomplishments include being the Chairman and Managing Director in Corporation Bank and SIDBI, 3 years as an Executive Director in Oriental Bank of Commerce and 31 years in various capacities in Central Bank of India.
Board Of Directors

Mr. Nilesh Vikamsey
Mr.Nilesh Vikamsey is a senior partner at Khimji Kunverji & Co LLP, an 82-year-old Chartered Accountants firm (converted to LLP w.e.f. 08-05-2019) and member firm of HLB International. He is presently Member of the Advisory Committee on Mutual Funds & Corporate Governance Committee of Securities and Exchange Board of India (SEBI), Quality Review Board established by the Government of India under the Chartered Accountants Act, 1949, Risk Management Committee of Central Depository Services (India) Limited (CDSL), and Subgroup formed by Audit Committee of Coal India Limited (CIL) to consider revaluation of assets of CIL and its subsidiaries as on March 31, 2019.
He is the Past President of the Institute of Chartered Accountants of India (ICAI). He was an observer on board of International Federation of Accountants and Member of IFAC’s Technology Advisory Group. He was a member of IRDA. He was chairman of SEBI’s Qualified Audit Report Committee and member of Corporate Governance Committee chaired by Uday Kotak, Primary Market Advisory Committee and Committee on Disclosures and Accounting Standards.
He is a speaker/ Chairman, at various seminars, meetings, lectures held by various Committees, Regional Councils, Branches & Study Circles of ICAI, Bankers Training College of RBI, Comptroller & Auditor General of India (C&AG) and various other organizations.
Board Of Directors

Ms. Geeta Mathur
Ms. Geeta Mathur is a Chartered Accountant and a graduate in commerce from Shriram College of Commerce, Delhi University. She specialises in the area of project, corporate and structured finance, treasury, investor relations and strategic planning. She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance. She represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She is the co-chair for the India Chapter of Women Corporate Directors Foundation, a global organisation working towards increasing the participation of women on corporate boards and board leadership position.
Board Of Directors

Mr. Ramakrishnan Subramanian
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, NBFCs and Fintech.
Audit

Mr. S. Sridhar
Mr. S. Sridhar holds degree from IIT, Delhi and did his Master’s from Jamnalal Bajaj Institute of Management Studies, Mumbai. He is an eminent personality in the banking and finance industry with more than 38 years of rich experience and has held several senior positions in retail, corporate and export/import banking in his career. He is widely acknowledged as an innovative, market oriented banker and strategic thinker providing transformational leadership to the organizations he has worked with. He was the Chairman of National Housing Bank (NHB) and Central Bank of India where, he was responsible for a number of new initiatives such as the NHB Residex, Rural Housing Fund, Reverse Mortgage for senior citizens. Prior to this, he was associated with Export Import Bank of India and State Bank of India as an Executive Director. Mr. Sridhar has been a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.
Audit

Mr. Kranti Sinha
Mr. Kranti Sinha holds a Master’s Degree in Arts from Agra University and after completing the post graduation in 1963, he joined Life Insurance Corporation of India in 1965 as a directly recruited officer. He has served as the Director and Chief Executive of LIC Housing Finance from 1998 to 2002 and concurrently as the Managing Director of LICHFL Care Homes (a wholly owned subsidiary of LIC Housing Finance). He retired from the permanent cadre as the Executive Director of LIC. He also served as the Deputy President of the Governing Council of Insurance Institute of India and as a member of the Governing Council of National Insurance Academy, Pune.
Audit

Mr. Kabir Mathur
Mr. Kabir Mathur 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.