Corporate Governance

Mr. V K Chopra

Mr. V K Chopra

Independent Director & Chairman

The Chairman and Independent Director, Mr. V. K. Chopra, began his journey with us in June 2012. He is a Fellow Member of The Institute of Chartered Accountants of India with over 40 years of experience in the Banking industry. Some of his accomplishments include being the Chairman & Managing Director in Corporation Bank, Mangalore & SIDBI, Delhi/Lucknow; 3 years as Executive Director in Oriental Bank of Commerce; 31 years in Central Bank of India, Mumbai; and a Whole Time Member in SEBI.

Mr. Nirmal Jain

Mr. Nirmal Jain

Whole Time Director

As a whole time Director of our Company, Mr. Nirmal Jain, is also one of the founder Director of India Infoline Limited (earlier known as Probity Research and Services Private Limited) in 1995. He launched www.indiainfoline.com in 1999 and is currently the Chairman of IIFL Holdings Limited, our Promoter. Mr. Jain started his career in 1989 with Hindustan Lever Limited, the Indian arm of Unilever, where he handled a variety of responsibilities, including export and trading in agro-commodities. With a Bachelor’s Degree in Commerce from the University of Mumbai and Post Graduate Diploma in Management from Indian Institute of Management, Ahmedabad; he is also a Fellow Member of the Institute of Chartered Accountants of India (held the 2nd rank) and a cost accountant.

Mr. R. Venkataraman

Mr. R. Venkataraman

Whole Time Director

As one of the founder Directors, Mr. R. Venkataraman, is a Whole - Time Director of our Company and the Co-Promoter and Executive Director of our Promoter, IIFL Holdings Limited. With a B.Tech in electronics and electrical communications engineering from Indian Institute of Technology, Kharagpur and a Post Graduate Diploma in Management from the Indian Institute of Management, Bangalore; Venkataraman has more than 22 years in the financial services sector. He held various senior managerial positions in ICICI Limited, ICICI Securities Limited, BZW and Taib Capital Corporation Limited before joining the India Infoline Board in July 1999. He had been the Assistant Vice President with G E Capital Services India Limited in their private equity division.

Mr. Sumit Bali

Mr. Sumit Bali

CEO and Executive Director

Mr. Sumit Bali was previously the Senior Executive Vice President at Kotak Mahindra Bank, where he was leading the Bank’s lending businesses including Home loans, LAP, Secured working capital for small Businesses, Business loans, Credit cards, Loans against Shares and salaried personal loan business. He was managing an overall book size of over Rs 54,000 cr. Prior to this role, Mr. Bali was the CEO of Kotak Mahindra Prime Limited in addition to leading certain secured and unsecured businesses in the Bank. Over the last 10 years, he has also been a member of the Kotak Leadership team whose objective was to strategize and set the future direction for the entire group. Mr. Bali has done his MBA from IIM Ahmedabad and BA Maths from St Stephen’s college in Delhi.

Ms. Geeta Mathur

Ms. Geeta Mathur

Independent Director

Geeta Mathur is an experienced finance professional having worked as a banker both on the asset side and risk side business development and in large corporate treasuries and investor relations . She started her career with ICICI, where she worked for over 10 years in the field of project, corporate and structured finance as well represented ICICI on the Board of reputed companies such as Eicher Motors, Siel Limited etc. She then worked in various capacities in large organizations such as IBM and Emaar MGF across areas of Corporate Finance, Treasury, Risk Management and Investor relations. She also developed a strong understanding of systems, including IT systems and processes for efficient budgeting and working capital management. She transitioned to the development sector and worked as CFO of Helpage India, one of the largest and oldest national level NPO in India working for the cause of the elderly. She brought about systemic changes in the financial management systems including transition to Oracle ERP and won several awards for presentation and transparency in presentation of Accounts during her tenure. During her tenure she initiated and steered a project for grading by CRISIL, for building credibility and leveraging it for maximizing fund allocation out of CSR monies. Helpage was the first NPO to be graded VO 1A, the highest level of grading by CRISIL for the voluntary sector. She worked on various possibilities of corporate sector participation in bringing about equity, growth and sustainability in the economic development. She currently serves as an independent director in various large organizations across manufacturing and services such as Motherson Sumi Ltd, NIIT Ltd, Tata Communication Transformation Services Ltd . She is a graduate in Commerce from Shriram College of Commerce ,Delhi University and did her articles with PriceWaterhouse while pursuing her CA.

Mr. Nagarajan Srinivasan

Mr. Nagarajan Srinivasan

Non Executive Director

Mr. Nagarajan Srinivasan serves as the Head of South Asia at CDC Group and has been based in Bangalore since 2013 when he re-joined CDC India. In his current role he is responsible for overseeing and advising CDC on its investments in the region focussing on Direct Equity investments and Debt/Structured Finance. Before CDC Mr. Nagarajan Srinivasan worked for Actis from 2004 where he served as Director - Financial Services and also focused on strengthening origination efforts across sectors in India. Prior to this he spent over eight years in Sub-Saharan Africa with both Standard Chartered Plc and CDC which he joined in 1996. In his career of over 25 years in investing and financial services, he has served as a director on the boards of multiple companies. Mr. Nagarajan Srinivasan holds a MA from Madras University and a MBA from Warwick School of Business.

Mr. Nilesh Vikamsey

Mr. Nilesh Vikamsey

Independent Director

Mr. Nilesh Vikamsey is a Senior Partner at M/s Khimji Kunverji & Co., Chartered Accountants, a member firm of HLB International, a worldwide organisation of professional accounting firms and business advisers, ranked amongst the top 12 accounting groups globally. Mr. Vikamsey is the President and an elected member of the Central Council of Institute of Chartered Accountant of India (ICAI). Mr. Vikamsey is also on the Board of a number of companies like Federal Bank Limited, and SBI Life Insurance Company Limited, among others.

Independent Director.

Ms. Shubhalakshmi Panse

Independent Director

Smt. Shubhalakshmi Panse has 38 years experience in the field of Banking, particularly in Corporate Credit appraisal, Credit Monitoring, NPA management, Planning, Project appraisal and also in Economics, Finance and Information Technology. She is the former Chairperson & Managing Director of Allahabad Bank. Smt. Panse was also the Executive Director of Vijaya Bank for two and half years, managing all the portfolios of that bank. Smt. Shubhalakshmi Panse is a post graduate in Science and holds D.B.M. (Diploma in Business Management) & MMS (Masters in Management Sciences with specialization in Financial Management) from Pune University. She also holds an M.B.A. (Masters in Business Administration) with specialization in Bank Management from Drexel University, USA. She is also a Certified Associate of Indian Institute of Bankers. She was member of P J Nayak committee constituted by RBI for Corporate Governance in Banks. She was also member of the Executive committee set up by RBI for recommending the names of companies for setting up Payment Bank after going through the applications received from various companies. She was Chairperson of the committee set up by IBA on Cheque Truncation System- National Archive. She was also the Chairperson of the Quality Review Board of Indian Institute of Actuaries appointed by Government of India. She has also undergone many trainings and courses at various prestigious institutes, like NIBM-Pune, ASCII-Hyderabad, BTC RBI-Mumbai, JNIDBI-Hyderabad, MDI Gurgaon, MEFTEC Bahrain, European School of Management London, UK & Paris France, Bank of International Settlement Basle, Switzerland etc.

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