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Mr. Nirmal Jain Managing Director
Mr. R. Venkataraman Joint Managing Director
Mr. Arun Kumar Purwar Chairman
Mr. Nilesh Vikamsey Independent Director
Mr. Vibhore Sharma Independent Director
Mr. Chandran Ratnaswami Non-Executive Director
Ms. Geeta Mathur Independent Director
Mr. Vijay Kumar Chopra 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 and review 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.
- 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.
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. Vibhore Sharma 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. R. Venkataraman Joint Managing Director
Mr. Arun Kumar Purwar Chairman
Mr. Govind Modani Vice President - Treasury
Mr. Vijay Kumar Chopra Independent Director
Mr. Rajesh Rajak Chief Financial Officer
Mr. Sanjeev Srivastava Chief Risk Officer
Mr. Ramakrishnan Subramanian Independent 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
Mr. Vibhore Sharma Independent Director
Ms. Geeta Mathur Independent Director
Mr. Aditya Sisodia Chief Information Officer
Mr. Ramakrishnan Subramanian Independent Director
Mr. Sanjeev Srivastava Chief Risk 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:
Ms. Rekha Warriar Independent Director
Mr. Viswanathan Krishnan Additional Director
Mr. Anand Bathiya Independent Director
Mr. Narendra Jain Whole-time Director
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:
Ms. Rekha Warriar Independent Director
Mr. Anand Bathiya Independent Director
Mr. Shamik Das Sharma Independent Director
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:
Ms. Rekha Warriar Independent Director
Mr. Shamik Das Sharma Independent Director
Mr. Narendra Jain Whole-time Director
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:
Mr. Narendra Jain Whole-time Director
Mr. Viswanathan Krishnan Additional Director
Mr. Anand Bathiya Independent Director
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:
Mr. Narendra Jain Whole-time Director
Mr. Viswanathan Krishnan Additional Director
Mr. Anand Bathiya Independent Director
Mr. Shamik Das Sharma Independent Director
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:
Mr. R. Venkataraman Joint Managing Director
- Mr. Ronak Gandhi Chief Financial Officer
Mr. Narendra Jain Whole-time Director
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
The Audit Committee Comprises As Under
The Nomination & Remuneration Committee Comprises As Under:
Risk Management Committee Comprises As Under:
CSR Committee Comprises As Under:
Further Information
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. 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. 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. 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. 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.
Board Of Directors

Mr. Vibhore Sharma
Mr. Vibhore Sharma is an Engineering & Product leader with over 20 years of experience in building and leading teams engaged in software and systems engineering. He has helped to build and evolve some decent money-making products of both B2C as well as B2B archetypes. He was amongst the earliest team members of InfoEdge India, and played a pivotal role in scaling the company’s technology and products. He is currently, scouting for emerging Science and Tech startups to invest in and also helping organizations scale their tech and product capabilities.
IT Strategy

Mr. Vibhore Sharma
Mr. Vibhore Sharma is an Engineering & Product leader with over 20 years of experience in building and leading teams engaged in software and systems engineering. He has helped to build and evolve some decent money-making products of both B2C as well as B2B archetypes. He was amongst the earliest team members of InfoEdge India, and played a pivotal role in scaling the company’s technology and products. He is currently, scouting for emerging Science and Tech startups to invest in and also helping organizations scale their tech and product capabilities.
CSR

Mr. Vibhore Sharma
Mr. Vibhore Sharma is an Engineering & Product leader with over 20 years of experience in building and leading teams engaged in software and systems engineering. He has helped to build and evolve some decent money-making products of both B2C as well as B2B archetypes. He was amongst the earliest team members of InfoEdge India, and played a pivotal role in scaling the company’s technology and products. He is currently, scouting for emerging Science and Tech startups to invest in and also helping organizations scale their tech and product capabilities.
Board Of Directors

Mr. Bhawani Jhanwar
Mr. Bhawani Jhanwar holds a bachelor’s degree in commerce from Calcutta University and is also a qualified chartered accountant. He has around 18 years of work experience in the field of finance and accounts, MIS management, budgeting, funds raising, investor relationship, treasury, taxation and auditing. Prior to joining our Company, he worked with HDFC Securities Limited, Tikona Digital Networks, Bharti Airtel Limited and Emami Limited. He was Chief Financial Officer of IIFL Securities Limited till October 22, 2019.
Audit

Mr. Bhawani Jhanwar
Mr. Bhawani Jhanwar holds a bachelor’s degree in commerce from Calcutta University and is also a qualified chartered accountant. He has around 18 years of work experience in the field of finance and accounts, MIS management, budgeting, funds raising, investor relationship, treasury, taxation and auditing. Prior to joining our Company, he worked with HDFC Securities Limited, Tikona Digital Networks, Bharti Airtel Limited and Emami Limited. He was Chief Financial Officer of IIFL Securities Limited till October 22, 2019.
Board Of Directors

Ms. Mamta Singh
Ms. Mamta Singh, holds a bachelor’s degree in commerce from Mumbai University and is also did her L.L.B from Mumbai University in the year 2004. She has around 16 years of experience in the field of law. She is associated with the company since December 2007. Earlier she worked with Paras Kuhad & Associates, Bhardawaj Associates.
Board Of Directors

Mr. Balaji Raghavan
Mr. Balaji Raghavan, heads the Real Estate Practice at IIFL. He brings on board more than 15 years of experience in the Indian Real Estate and Banking industries at the leadership level. In his previous assignment he was heading the mortgage finance business for ICICI Bank and was a key contributor in ICICI's mortgage business build up. He had successfully managed this portfolio across various parameters of distribution, risk and relationships in the industry. Prior to that, Balaji has successfully built corporate banking, retail loans and SME businesses in his past assignments.This apart he has been a part of various real estate industry forums.
Risk Management

Mr. Amit Gupta
He has over 17 years of varied experience in financial services viz. accounting, finance, audit and compliance. Prior to joining India Infoline, he has worked with Satin Credit care, Shubham Housing Finance and SMC Global Securities.
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.
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.
Audit

Ms. Suvalaxmi Chakraborty
Ms. Suvalaxmi Chakraborty, B.Com (Hons.), CA, serves as an Advisor at Transwarranty Finance Ltd and Positron Consulting Services, with advisory assignments spanning debt syndication, Mergers & amp; Acquisitions and capital raising for midmarket corporates, among others. She is also Advisor for Fullerton India Credit Company Ltd. Ms. Chakraborty has been an Independent Director of Fortis Healthcare Limited since April 27, 2018. Prior to this, Ms. Chakraborty served as the Chief Executive Officer of India Operations at SBM Holdings Ltd. (previously known as State Bank of Mauritius Limited) from 2010 to 2013. She joined SBM Holdings in 2010. She launched and ran the commercial banking business of Barclays Bank in India from 2007 to 2010. She held several positions at ICICI Ltd and ICICI Bank between 1989 and 2006, including General Manager for Corporate Banking and Head of Rural, Micro-banking and Agri Business. She was Director on the Board of Fixed Income Money Markets and Derivatives Association (FIMMDA) for over 2 years and headed the working committee (New Products) in FIMMDA (representing ICICI). Ms. Chakraborty has 28 years of experience in banking and financial sector with exposure in to a diverse set of businesses, including project and corporate finance, treasury, and integrated multicurrency fund and asset liability management, corporate banking, rural / agricultural, and micro banking. She has been Nominee Director of RGVN (North East) Microfinance Ltd. Since March 11, 2016. Ms. Chakraborty has been an Independent Director of Caspian Advisors Private Limited since March 25, 2015. She served as Director of Sterlite Industries (India) Limited until November 4, 2004. She is Co-Founder and Director of Espandere Advisors Private Ltd, which is a Business Advisory and Transaction Advisory services provider in the Banking & Finance, Agriculture & Rural, Infrastructure and Manufacturing sectors. She serves as an Independent Director for Magma HDI General Insurance Company Ltd, and Caspian Impact Investments Pvt. Ltd. She is a Chartered Accountant. She has featured in the Fortune India List of 50 most powerful women in business.
Board Of Directors

Ms. Suvalaxmi Chakraborty
Ms. Suvalaxmi Chakraborty, B.Com (Hons.), CA, serves as an Advisor at Transwarranty Finance Ltd and Positron Consulting Services, with advisory assignments spanning debt syndication, Mergers & amp; Acquisitions and capital raising for midmarket corporates, among others. She is also Advisor for Fullerton India Credit Company Ltd. Ms. Chakraborty has been an Independent Director of Fortis Healthcare Limited since April 27, 2018. Prior to this, Ms. Chakraborty served as the Chief Executive Officer of India Operations at SBM Holdings Ltd. (previously known as State Bank of Mauritius Limited) from 2010 to 2013. She joined SBM Holdings in 2010. She launched and ran the commercial banking business of Barclays Bank in India from 2007 to 2010. She held several positions at ICICI Ltd and ICICI Bank between 1989 and 2006, including General Manager for Corporate Banking and Head of Rural, Micro-banking and Agri Business. She was Director on the Board of Fixed Income Money Markets and Derivatives Association (FIMMDA) for over 2 years and headed the working committee (New Products) in FIMMDA (representing ICICI). Ms. Chakraborty has 28 years of experience in banking and financial sector with exposure in to a diverse set of businesses, including project and corporate finance, treasury, and integrated multicurrency fund and asset liability management, corporate banking, rural / agricultural, and micro banking. She has been Nominee Director of RGVN (North East) Microfinance Ltd. Since March 11, 2016. Ms. Chakraborty has been an Independent Director of Caspian Advisors Private Limited since March 25, 2015. She served as Director of Sterlite Industries (India) Limited until November 4, 2004. She is Co-Founder and Director of Espandere Advisors Private Ltd, which is a Business Advisory and Transaction Advisory services provider in the Banking & Finance, Agriculture & Rural, Infrastructure and Manufacturing sectors. She serves as an Independent Director for Magma HDI General Insurance Company Ltd, and Caspian Impact Investments Pvt. Ltd. She is a Chartered Accountant. She has featured in the Fortune India List of 50 most powerful women in business.
Board Of Directors

Mr. Viswanathan Krishnan
Mr. Viswanathan Krishnan holds a Master’s Degree in Commerce and is a qualified Cost and Works Accountant. He has over 3 decades of commendable experience in the areas of Operations, Technology, Operational Risk, Information Security, Compliance, and Internal Control. He has worked in multiple areas of financial services like Custodial Services, Asset Management Companies, IT Services, Exchange, and International Banks. He has held senior positions in domestic majors like L&T, MCX & SHCIL apart from MNC organizations like ABN AMRO, Alliance Capital, Barclays, Deutsche Bank, JP Morgan, Zurich Financial Services. He now leads Kris Consulting, a unique boutique Advisory & Assurance firm, which focuses primarily on Governance, Risk & Compliance, Process Re-engineering, and full life cycle of Human Capital need of Clients. He also teaches in premier management institutions in areas relating to Risk and Compliance. Within a short span of time, since commencement, Kris Consulting has been supporting marquee brands in the areas of Consulting and Training.
Audit

Mr. Viswanathan Krishnan
Mr. Viswanathan Krishnan holds a Master’s Degree in Commerce and is a qualified Cost and Works Accountant. He has over 3 decades of commendable experience in the areas of Operations, Technology, Operational Risk, Information Security, Compliance, and Internal Control. He has worked in multiple areas of financial services like Custodial Services, Asset Management Companies, IT Services, Exchange, and International Banks. He has held senior positions in domestic majors like L&T, MCX & SHCIL apart from MNC organizations like ABN AMRO, Alliance Capital, Barclays, Deutsche Bank, JP Morgan, Zurich Financial Services. He now leads Kris Consulting, a unique boutique Advisory & Assurance firm, which focuses primarily on Governance, Risk & Compliance, Process Re-engineering, and full life cycle of Human Capital need of Clients. He also teaches in premier management institutions in areas relating to Risk and Compliance. Within a short span of time, since commencement, Kris Consulting has been supporting marquee brands in the areas of Consulting and Training.
CSR

Mr. Viswanathan Krishnan
Mr. Viswanathan Krishnan holds a Master’s Degree in Commerce and is a qualified Cost and Works Accountant. He has over 3 decades of commendable experience in the areas of Operations, Technology, Operational Risk, Information Security, Compliance, and Internal Control. He has worked in multiple areas of financial services like Custodial Services, Asset Management Companies, IT Services, Exchange, and International Banks. He has held senior positions in domestic majors like L&T, MCX & SHCIL apart from MNC organizations like ABN AMRO, Alliance Capital, Barclays, Deutsche Bank, JP Morgan, Zurich Financial Services. He now leads Kris Consulting, a unique boutique Advisory & Assurance firm, which focuses primarily on Governance, Risk & Compliance, Process Re-engineering, and full life cycle of Human Capital need of Clients. He also teaches in premier management institutions in areas relating to Risk and Compliance. Within a short span of time, since commencement, Kris Consulting has been supporting marquee brands in the areas of Consulting and Training.
Risk Management

Mr. Viswanathan Krishnan
Mr. Viswanathan Krishnan holds a Master’s Degree in Commerce and is a qualified Cost and Works Accountant. He has over 3 decades of commendable experience in the areas of Operations, Technology, Operational Risk, Information Security, Compliance, and Internal Control. He has worked in multiple areas of financial services like Custodial Services, Asset Management Companies, IT Services, Exchange, and International Banks. He has held senior positions in domestic majors like L&T, MCX & SHCIL apart from MNC organizations like ABN AMRO, Alliance Capital, Barclays, Deutsche Bank, JP Morgan, Zurich Financial Services. He now leads Kris Consulting, a unique boutique Advisory & Assurance firm, which focuses primarily on Governance, Risk & Compliance, Process Re-engineering, and full life cycle of Human Capital need of Clients. He also teaches in premier management institutions in areas relating to Risk and Compliance. Within a short span of time, since commencement, Kris Consulting has been supporting marquee brands in the areas of Consulting and Training.
Board Of Directors

Mr. Anand Bathiya
Mr. Anand Bathiya is an Indian citizen and a practicing Chartered Accountant with experience of working with world-leading accounting and professional consulting firms. He is a fellow member of the ICAI and has also completed the final examination of Company Secretary course. He is a Bachelor at Commerce and Bachelor at Law with a Post-graduate diplomas in Securities Law from Government Law College and in Information Systems Audit from ICAI. As partner and practice-head with Bathiya & Associates LLP, Anand is engaged in advising businesses in negotiating, structuring, performing due diligence and executing domestic and international Mergers & Acquisitions (M&A) having advised more than 200 M&A transactions over the last 15 years including few of India’s largest M&A transactions in recent times. Anand has enabled businesses to raise equity resources through public equity and private equity including capital market initiatives of IPOs, QIPs, rights issues, open offers, international listings, etc. Anand also specializes in advising private equity funds and families offices in formation, fund documentation, diligence and investment transaction execution. Anand is Managing Committee Member of Bombay Chartered Accountants’ Association and co-opted member of a group promulgated by Valuation Standards Board for drafting Valuation Standards to be made applicable in India. He represents as independent director and audit committee chair on boards of listed companies and savors playing cricket and chess in leisure time.
Audit

Mr. Anand Bathiya
Mr. Anand Bathiya is an Indian citizen and a practicing Chartered Accountant with experience of working with world-leading accounting and professional consulting firms. He is a fellow member of the ICAI and has also completed the final examination of Company Secretary course. He is a Bachelor at Commerce and Bachelor at Law with a Post-graduate diplomas in Securities Law from Government Law College and in Information Systems Audit from ICAI. As partner and practice-head with Bathiya & Associates LLP, Anand is engaged in advising businesses in negotiating, structuring, performing due diligence and executing domestic and international Mergers & Acquisitions (M&A) having advised more than 200 M&A transactions over the last 15 years including few of India’s largest M&A transactions in recent times. Anand has enabled businesses to raise equity resources through public equity and private equity including capital market initiatives of IPOs, QIPs, rights issues, open offers, international listings, etc. Anand also specializes in advising private equity funds and families offices in formation, fund documentation, diligence and investment transaction execution. Anand is Managing Committee Member of Bombay Chartered Accountants’ Association and co-opted member of a group promulgated by Valuation Standards Board for drafting Valuation Standards to be made applicable in India. He represents as independent director and audit committee chair on boards of listed companies and savors playing cricket and chess in leisure time.
Nomination & Remuneration

Mr. Anand Bathiya
Mr. Anand Bathiya is an Indian citizen and a practicing Chartered Accountant with experience of working with world-leading accounting and professional consulting firms. He is a fellow member of the ICAI and has also completed the final examination of Company Secretary course. He is a Bachelor at Commerce and Bachelor at Law with a Post-graduate diplomas in Securities Law from Government Law College and in Information Systems Audit from ICAI. As partner and practice-head with Bathiya & Associates LLP, Anand is engaged in advising businesses in negotiating, structuring, performing due diligence and executing domestic and international Mergers & Acquisitions (M&A) having advised more than 200 M&A transactions over the last 15 years including few of India’s largest M&A transactions in recent times. Anand has enabled businesses to raise equity resources through public equity and private equity including capital market initiatives of IPOs, QIPs, rights issues, open offers, international listings, etc. Anand also specializes in advising private equity funds and families offices in formation, fund documentation, diligence and investment transaction execution. Anand is Managing Committee Member of Bombay Chartered Accountants’ Association and co-opted member of a group promulgated by Valuation Standards Board for drafting Valuation Standards to be made applicable in India. He represents as independent director and audit committee chair on boards of listed companies and savors playing cricket and chess in leisure time.
CSR

Mr. Anand Bathiya
Mr. Anand Bathiya is an Indian citizen and a practicing Chartered Accountant with experience of working with world-leading accounting and professional consulting firms. He is a fellow member of the ICAI and has also completed the final examination of Company Secretary course. He is a Bachelor at Commerce and Bachelor at Law with a Post-graduate diplomas in Securities Law from Government Law College and in Information Systems Audit from ICAI. As partner and practice-head with Bathiya & Associates LLP, Anand is engaged in advising businesses in negotiating, structuring, performing due diligence and executing domestic and international Mergers & Acquisitions (M&A) having advised more than 200 M&A transactions over the last 15 years including few of India’s largest M&A transactions in recent times. Anand has enabled businesses to raise equity resources through public equity and private equity including capital market initiatives of IPOs, QIPs, rights issues, open offers, international listings, etc. Anand also specializes in advising private equity funds and families offices in formation, fund documentation, diligence and investment transaction execution. Anand is Managing Committee Member of Bombay Chartered Accountants’ Association and co-opted member of a group promulgated by Valuation Standards Board for drafting Valuation Standards to be made applicable in India. He represents as independent director and audit committee chair on boards of listed companies and savors playing cricket and chess in leisure time.
Risk Management

Mr. Anand Bathiya
Mr. Anand Bathiya is an Indian citizen and a practicing Chartered Accountant with experience of working with world-leading accounting and professional consulting firms. He is a fellow member of the ICAI and has also completed the final examination of Company Secretary course. He is a Bachelor at Commerce and Bachelor at Law with a Post-graduate diplomas in Securities Law from Government Law College and in Information Systems Audit from ICAI. As partner and practice-head with Bathiya & Associates LLP, Anand is engaged in advising businesses in negotiating, structuring, performing due diligence and executing domestic and international Mergers & Acquisitions (M&A) having advised more than 200 M&A transactions over the last 15 years including few of India’s largest M&A transactions in recent times. Anand has enabled businesses to raise equity resources through public equity and private equity including capital market initiatives of IPOs, QIPs, rights issues, open offers, international listings, etc. Anand also specializes in advising private equity funds and families offices in formation, fund documentation, diligence and investment transaction execution. Anand is Managing Committee Member of Bombay Chartered Accountants’ Association and co-opted member of a group promulgated by Valuation Standards Board for drafting Valuation Standards to be made applicable in India. He represents as independent director and audit committee chair on boards of listed companies and savors playing cricket and chess in leisure time.
Board Of Directors

Mr. Shamik Das Sharma
Mr. Shamik is one of India's leading Product and Technology experts. He has over two decades of experience in crafting technical products, taking them to market, building strong teams and instituting a tech-oriented culture in organizations. He has worked with small and large companies across a diverse set of domains, in the Bay area and Bangalore, as a founder, senior-executive and an investor. He is currently leading technology at Cure.Fit, a health-tech startup and previously was the CPO/CTO at Myntra.
Nomination & Remuneration

Mr. Shamik Das Sharma
Mr. Shamik is one of India's leading Product and Technology experts. He has over two decades of experience in crafting technical products, taking them to market, building strong teams and instituting a tech-oriented culture in organizations. He has worked with small and large companies across a diverse set of domains, in the Bay area and Bangalore, as a founder, senior-executive and an investor. He is currently leading technology at Cure.Fit, a health-tech startup and previously was the CPO/CTO at Myntra.
Stakeholders Relationship

Mr. Shamik Das Sharma
Mr. Shamik is one of India's leading Product and Technology experts. He has over two decades of experience in crafting technical products, taking them to market, building strong teams and instituting a tech-oriented culture in organizations. He has worked with small and large companies across a diverse set of domains, in the Bay area and Bangalore, as a founder, senior-executive and an investor. He is currently leading technology at Cure.Fit, a health-tech startup and previously was the CPO/CTO at Myntra.
Risk Management

Mr. Shamik Das Sharma
Mr. Shamik is one of India's leading Product and Technology experts. He has over two decades of experience in crafting technical products, taking them to market, building strong teams and instituting a tech-oriented culture in organizations. He has worked with small and large companies across a diverse set of domains, in the Bay area and Bangalore, as a founder, senior-executive and an investor. He is currently leading technology at Cure.Fit, a health-tech startup and previously was the CPO/CTO at Myntra.
Board Of Directors

Mr. Narendra Jain
Mr. Narendra Jain is a Whole-time Director on the Board of our Company. He holds a Bachelor's degree in Commerce from the University of Mumbai and is a qualified Chartered Accountant. He has over 21 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking and finance. He has handled various key positions in the IIFL Group as well as other support functions such as back office operations, depository participant operations, know your client quality, customer service risk, audit administration and branch operations. In the past, he was associated with ICICI Brokerage Service Limited.
Audit

Mr. Narendra Jain
Mr. Narendra Jain is a Whole-time Director on the Board of our Company. He holds a Bachelor's degree in Commerce from the University of Mumbai and is a qualified Chartered Accountant. He has over 21 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking and finance. He has handled various key positions in the IIFL Group as well as other support functions such as back office operations, depository participant operations, know your client quality, customer service risk, audit administration and branch operations. In the past, he was associated with ICICI Brokerage Service Limited.
Stakeholders Relationship

Mr. Narendra Jain
Mr. Narendra Jain is a Whole-time Director on the Board of our Company. He holds a Bachelor's degree in Commerce from the University of Mumbai and is a qualified Chartered Accountant. He has over 21 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking and finance. He has handled various key positions in the IIFL Group as well as other support functions such as back office operations, depository participant operations, know your client quality, customer service risk, audit administration and branch operations. In the past, he was associated with ICICI Brokerage Service Limited.
CSR

Mr. Narendra Jain
Mr. Narendra Jain is a Whole-time Director on the Board of our Company. He holds a Bachelor's degree in Commerce from the University of Mumbai and is a qualified Chartered Accountant. He has over 21 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking and finance. He has handled various key positions in the IIFL Group as well as other support functions such as back office operations, depository participant operations, know your client quality, customer service risk, audit administration and branch operations. In the past, he was associated with ICICI Brokerage Service Limited.
Risk Management

Mr. Narendra Jain
Mr. Narendra Jain is a Whole-time Director on the Board of our Company. He holds a Bachelor's degree in Commerce from the University of Mumbai and is a qualified Chartered Accountant. He has over 21 years of experience in the financial services industry, specifically in areas such as operations, taxation, internet banking and finance. He has handled various key positions in the IIFL Group as well as other support functions such as back office operations, depository participant operations, know your client quality, customer service risk, audit administration and branch operations. In the past, he was associated with ICICI Brokerage Service Limited.
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.
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.
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.
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.
ALCO

Mr. Rajesh Rajak
Mr. Rajesh comes with more than 22 years of work experience in the Financial Sector. Prior to this, he was working as Senior Vice President with HDFC Bank Ltd., where he has been for the past 14 years, heading the Business Finance function across all business of the Bank. Mr. Rajesh has also worked with IDBI Bank, Union National Bank- UAE and Ernst & Young.
KMP

Mr. Rajesh Rajak
Mr. Rajesh comes with more than 22 years of work experience in the Financial Sector. Prior to this, he was working as Senior Vice President with HDFC Bank Ltd., where he has been for the past 14 years, heading the Business Finance function across all business of the Bank. Mr. Rajesh has also worked with IDBI Bank, Union National Bank- UAE and Ernst & Young.
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.
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.
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.
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.
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.
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.
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.
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

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
Stakeholders Relationship

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
Audit

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
Board Of Directors

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
Board Of Directors

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
Audit

Ms. Rekha Warriar
Ms. Rekha Warriar is an Independent Director on the Board of the Company. She holds a Master's degree in Applied Mathematics from the University of Bombay and a Master’s in Public Policy from Princeton University, USA. She has an experience of over 30 years with the Reserve Bank of India in various departments. She has headed the departments of financial stability and internal debt management. She has also worked as a member of faculty in RBI's training colleges and at the National Institute of Banking Management, Pune.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Audit

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.
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.
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.
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.
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. 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. 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. 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. 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.
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.
Audit

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.
Nomination & Remuneration

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. 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. 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.
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.