Management Team

  • Mr. R. Sridhar Executive Vice - Chairman and CEO

    Mr. R. Sridhar is known for his business acumen and has a proven history of building successful business. He was associated with the Shriram Group since 1985 and worked in various positions and roles, mainly in its Truck Finance business. During his latest stint with Shriram, he served as Managing Director & CEO of Shriram Transport Finance Company Limited, Mumbai (STFC) from the year April 2000 to March 2012. Under his leadership, STFC grew in leaps and bounds and has become the largest asset financing NBFC in India. During his tenure as the CEO of STFC, the market capitalization, which was Rs.20 crs. peaked to Rs.20,000 crs. and its assets under management soared from Rs.5000 crs. to over Rs.40,000 crs.

    He has been awarded “Entrepreneur of the year – Manager” in 2011 by Ernst & Young and “Business Achiever” from Institute of Chartered Accountants of India (ICAI) for the year 2010-2011.

    Mr. Sridhar also represented Shriram Group on the Board of Shriram Capital Limited, Shriram Life Insurance Company Limited, Shriram Transport Finance Company Limited, Shriram Equipment Finance company Limited and Shriram Chits (Maharashtra) Limited. At present, he is an Independent Director on the Board of Shriram Properties Private Limited and Tata Motors Finance Limited.

    He has served as Chairman of Finance Industry Development Council (FIDC), a self-regulatory organization for NBFC-AFCs, from 2010-15. He was also a member of Corporate Bond and Securitisation Advisory Committee constituted by Securities and Exchange Board of India (SEBI) and, Advisory Group on NBFCs constituted by Ministry of Finance, Govt. of India.

    Mr. Sridhar holds a bachelor’s degree in Science and is a member of the Institute of Chartered Accountants of India.

  • Mr. Shailesh ShiraliMD & Head – Corporate Lending & Markets

    Mr. Shailesh Shirali has over 23 years of experience in the financial services space and has held several senior positions in the area of corporate lending and structured finance.

    Before joining IndoStar, Mr. Shirali was CEO – Corporate Lending at Future Capital Holdings Ltd. where he was responsible for starting their corporate lending business from scratch and building a profitable book. Prior to that, he was MD – Global Structured Finance & Investments at DSP Merrill Lynch Capital Ltd., ED & Head – Structured Finance, Telecom, Leveraged finance at Rabo India Finance Ltd. and has also worked at ICICI Ltd. as SVP – Structured Finance. He holds a Bachelor of Commerce degree from University of Mumbai and is a qualified Chartered Accountant.

  • Mr. Prashant JoshiMD & Chief Operating Officer

    He has over 24 years of experience across Retail, SME and Corporate banking. In his last assignment, he was Head- Private and Business Clients, at Deutsche Bank India for eight years. He is credited with turning around retail banking business for Deutsche Bank and making it highly profitable. Before his assignment with Deutsche Bank, he was the General Manager of SME Banking at Standard Chartered Bank. He has experience of working with reputed Indian and foreign financial institutions like ICICI Bank, Rabobank and IDBI Bank.

    He is an alumnus of the Indian Institute of Management, Calcutta.

  • Mr. Pankaj ThaparChief Financial Officer

    Mr. Pankaj Thapar has over 31 years of experience in Corporate Finance, M&A and Capital Markets with large global and Indian companies. The former Managing Director in the Private Equity business of Everstone Capital Advisors, Mr. Thapar has also served as the Group CFO for Dentsu, a Japanese advertising major, where he was responsible for their business in India.

    Mr. Thapar has held a variety of senior corporate finance roles with global companies such as Coca-Cola, ANZ Bank, Citibank and ICICI, and has over 20 years of exposure to M & A and capital markets.

    He holds a Bachelor of Commerce degree and is an MBA from the University of Delhi.

  • Mr. Sanjay AthalyeChief Risk Officer

    He has 27+ yrs of experience of managing credit and risk across lending businesses at Reliance Capital, Centurion Bank, IDBI Bank, ICICI Bank.

    His areas of specialization include overall Enterprise Risk Management including Collections and Recoveries, Fraud Control, Credit Underwriting.

    In his last role at Reliance Capital, as Chief Risk Officer he has handled retail as well as corporate businesses.

  • Mrs. Benaifer PalsetiaChief Human Resources Officer

    She has 19+ yrs of experience in the entire gamut of HR - Compensation & Benefits, Reward & Retention, Business off-shoring, Talent Mgmt. & Acquisition, Culture Building, Training & Development.

    She was instrumental in setting up the leadership team for IDFC bank’s retail business.

    She has earlier worked with IDFC Bank, Credit Suisse and Citigroup. She has Masters in Economics and Masters in Labour Studies from Mumbai University.

  • Mrs. Nilufer MullanfirozeHead – Products & Portfolio Management

    She has 19+ yrs of experience with Standard Chartered Bank in Business Mgmt., Product Development, Analytics, Risk, Operations, Marketing & Sales across India & Asian markets.

    Was instrumental in growing the mortgage book, implemented diverse liquidity and securitisation strategies and developed PSL strategy for retail banking.

    She holds a Bachelor of Commerce degree and is an MBA from the University of Mumbai.

  • Mr. Hansraj ThakurBusiness Head - SME Finance

    He has 23+ yrs of experience in SME, commercial & wholesale banking focusing on sales, client relationship building and P&L management.

    He has worked with institutions like IDFC Bank, Standard Chartered Bank, ICICI Bank, DCB building high quality SME and mid-corporate businesses.

    He is an MBA from Mumbai University.

  • Mr. A.GowthamanBusiness Head - Vehicle Finance

    He has an overall 25+ yrs of experience from which he has spent 20+ yrs in Vehicle Financing business.

    His last stint was with Cholamandalam Investment & Finance, and prior to it he worked with Shriram Commercial Vehicle Finance.

    He holds MA in Economics and MBA (Marketing & Finance) from NIT, Trichy.

  • Mr. Prabhat TripathyBusiness Head - Retail Home Finance

    He has 23+ yrs of experience in Housing Loans, LAP, Business Loans, Construction Finance, Consumer Finance, Non Resident Property Loans and SMEs.

    He has worked with ICICI Bank, Dewan Housing Finance, Maharshi Housing Devp. Finance Corp., SBI Housing Finance.

    He holds B.Tech (Civil Engg.) from Utkal University and an MBA (Finance & Operation).

  • Mr. Shreejit MenonBusiness Head -Affordable Home Finance

    He has 17+ yrs of experience in all aspects of Housing Finance business, namely Credit, Operations, Sales, Product Management & Business Development.

    He has worked with leading financial institutions like Religare Corp., Muthoot Housing Finance, HSBC, HDFC Ltd. and GE Money.

    He holds Bachelor in Commerce degree and MMS (Marketing) from Mumbai University.

  • Mr. Siva Subramanian National Credit Manager - Vehicle Finance

    He has 23+ yrs of experience in leading and directing start-ups, SME & Mortgage Lending, Commercial Vehicles Financing and Unsecured Lending for Global Financial Corporations.

    He has held major roles in Fullerton India, Citicorp Finance India, Ashok Leyland Ltd and Equitas Small Finance Bank.

    He is a B.E. (MECH) from Thiagarajar College of Engineering, Madurai and an MBA in Finance from NIT, Trichy

  • Mr. Shripad Desai National Credit Manager - Home Finance

    He has 18+ yrs of experience across Construction Finance, Mortgage Lending, SME sales & risk management functions.

    He worked with Deutsche Bank, L&T Housing Finance, Reliance Home Finance, Standard Chartered Bank, Centurion Bank of Punjab, IDBI Bank, ICICI Bank and Gruh Finance.

    He is an MBA from MGM’s Institute of Management and he holds a diploma in Taxation Law from M.P. law College.

  • Mr. Uday NarayanNational Credit Manager - SME Finance

    He has 20+ yrs of experience in Credit, Risk, Collection, Sales, Product Development, Process Design, Portfolio Analysis & Credit Operations.

    He has worked with Bajaj Finance as National Risk & Credit Head and has held senior positions in Axis Bank, Reliance Capital, Centurion Bank of Punjab and ICICI Bank.

    He holds B.E from Osmania University and is an MBA from IISWBM, University of Calcutta.

  • Mr. Ajay KanalHead of Operations

    He has over two decades of experience in areas of retail finance operations with qualitative experience and comprehensive skills in Strategy planning, team management, stakeholder management, retail banking and product analysis.

    He has worked with L&T Finance as national head operations, prior to that he had head operations in Development Credit Bank ltd and Reliance Retail Finance ltd.

  • Mr. Rajesh Ganorkar National Collections Manager

    Mr. Ganorkar has 16 years of experience in sales, credit and collections. His strength lies in formulating collection strategies and strategic utilization and deployment of available resources. Simultaneously, he has strong hold on his relationship with channel partners, resulting in qualitative performance. In his previous assignments he has built cost effective logistic operations & seamless channel deployment to ascertain better penetration

    He is an MBA in Marketing from Amravati University, and has held senior roles at ICICI Bank, Reliance commercial finance & Magma Fincorp.