Corporate Governance

The composition of Board of Directors of the Corporation and its Committees are in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

S. Sridhar

Mr. S. Sridhar

Chairman & Independent Director

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.

Mr. Nirmal Jain

Mr. Nirmal Jain

Founder, IIFL Group Chairman, IIFL Holdings Limited

Mr. Nirmal Jain is Founder and Chairman of IIFL Holdings Limited. Coming from a family of commodity traders in Rajasthan, trading was in his blood. The IIM-Ahemdabad alumni, a rank holding Chartered Accountant and a Cost Accountant began his career in 1989 with Hindustan Lever’s Commodity export business. He floated a financial research and business information firm Probity Research which, later on, became India Infoline, one of the first independent equity research companies in India. He was instrumental in steering the Group’s foray into various businesses that have grown significantly over the years in terms of net-worth and profitability. Under his leadership, IIFL Group has emerged a dominant and diversified player in the financial services space over the past 21 years.

Mr. R. Venkataraman

Mr. R. Venkataraman

Co-Promoter and Managing Director, IIFL Holdings Limited

Mr. R. Venkataraman, Co-Promoter and Managing Director of IIFL Holdings Limited. He holds a B.Tech from Indian Institute of Technology, Kharagpur and MBA from Indian Institute of Management IIM, Bangalore. He joined the IIFL group in July 1999 and has been on the Board of Directors of the Company since its inception. He has been instrumental in establishing various line of businesses over the past 18 years. He previously held senior managerial positions at ICICI Limited, including ICICI Securities, its investment banking joint venture with JP Morgan, and Barclays BZW. He worked as Assistant Vice President with GE Capital Services India in its private equity division. He has a varied experience of more than 25 years in the financial services sector.

Mr. Kranti Sinha

Mr. Kranti Sinha

Independent Director Former Executive Director, LIC

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

Mr. Monu Ratra

Mr. Monu Ratra

Executive Director & CEO

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. 

Mr. Sumit Bali

Executive Director & CEO, India Infoline Finance Limited

Mr. Sumit Bali is the Chief Executive Officer and an Executive Director of India Infoline Finance Limited. He holds a B.A (Hon) from St. Stephen’s college, New Delhi and has completed his PGDM from IIM Ahmedabad. Prior to his current role, Mr. Bali spent 24 years with Kotak Group. His last position at Kotak Mahindra Bank was of Senior Executive Vice President, overseeing consumer banking retail asset products including home loans, loan against property, credit cards, salaried personnel loans and SME loans. Previously he also held the position of Chief Executive Officer of Kotak Mahindra Prime Ltd.(KMPL) and also was a Director on KMPL’s Board. He began his career with Glaxo India Limited in 1990, and has also worked with Asian Paints (I) Ltd. Mr. Bali is a seasoned banker with an experience of 28 years in the Indian corporate sector.

Ms. Suvalaxmi Chakraborty

Independent Director, Fortis Healthcare Limited

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.

Mr. A. K. Purwar

Mr. A. K. Purwar

Independent Director

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.

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