“Partner with our customers on their journey to financial success.”
“To be a major financial service provider to our target customers through empowered happy employees, and deliver a competitive shareholder return while maintaining highest ethical behaviour standards.”
Our Values
At IndoStar Capital Finance Ltd, our values serve as the guiding principles that shape our culture and define how we operate as a team. These values reflect who we are, what we believe in, and how we strive to make a positive impact on our clients, employees and the world around us. They inspire us to push boundaries, foster innovation and uphold the highest standards of integrity in everything we do.
We R.E.A.C.H for greater heights by following these core values
RESILIENCE
Ability to withstand and bounce back from difficult, adverse or challenging situations.
ETHICS
Understanding the essence of Code of Conduct and governing business principles.
ACCOUNTABILITY
Responsibility and ownership to the committed actions, decisions and the outcomes of those actions.
COLLABORATION
Work as a team towards a common goal, through shared knowledge, to achieve a desired outcome.
HIGH-PERFORMANCE
Achieving exceptional results by exceeding expectations, and consistent performance.
These values are the foundation of our company, guiding our decisions, actions and interactions. They reflect our commitment to excellence, customer satisfaction, innovation, collaboration, integrity, social responsibility and continuous growth. By embodying these values, we aim to build lasting relationships and create a positive impact in the world.
Meet Our Leaders
Bobby Parikh
Bobby Parikh is the Chairman and Non-Executive Independent Director of IndoStar. He has nearly three decades of experience in financial services industry/reorganisations.
Bobby Parikh
Naina Krishna Murthy
Naina Krishna Murthy is a Non-Executive Independent Director of IndoStar. She has more than two decades of experience in the legal sector. She is the Founder and Managing Partner of Krishnamurthy & Company.
Naina Krishna Murthy
Hemant Kaul
Hemant Kaul is a Non-Executive Independent Director of IndoStar. He has vast experience as an independent management consultant, having worked with private equity firms to evaluate investments in the financial sector.
Hemant Kaul
Aditya Joshi
Aditya Joshi is a Non-Executive Non-Independent Director of IndoStar. He is also a Managing Director in Brookfield’s Private Equity Group, and heads the private equity business for Brookfield in India. Mr. Joshi was responsible for conceptualizing Brookfield’s private equity strategy for India, nurturing and developing a high-quality team, building a robust sourcing engine, and leading deal execution and ongoing portfolio monitoring.
Aditya Joshi
Dhanpal Jhaveri
Dhanpal Jhaveri is a Non–Executive Non-Independent Director of IndoStar. He has over two decades of experience in investments, strategy, M&A and investment banking. Currently, he is a Managing Partner at the Everstone Group.
Dhanpal Jhaveri
Devdutt Marathe
- Director
Devdutt Marathe is a Non-Executive Non-Independent Director of IndoStar. He is an investment professional with over thirteen years of experience in the Private Equity space. He is currently a Senior VP at Brookfield Asset Management focused on the Private Equity business in the India / Middle East region.
Devdutt Marathe
Vibhor Talreja
Vibhor Talreja is a Non-Executive Non-Independent Director of IndoStar. He joined Everstone in 2019 as a Managing Director to lead the financial services sector along with other responsibilities.
Vibhor Talreja
Karthikeyan Srinivasan
Karthikeyan Srinivasan is the Chief Executive Officer and Whole-time Director at IndoStar Capital Finance Ltd. He is a qualified Cost Accountant from the Institute of Cost Accountants of India and holds an MBA in Finance & Marketing from Alagappa Institute of Management.
Karthikeyan Srinivasan
Karthikeyan Srinivasan – CEO
Karthikeyan Srinivasan is the Chief Executive Officer and Whole-time Director at IndoStar Capital Finance Ltd. He is a qualified Cost Accountant from the Institute of Cost Accountants of India and holds an MBA in Finance & Marketing from Alagappa Institute of Management.
Karthikeyan Srinivasan – CEO
Vinodkumar Panicker – CFO
Vinodkumar Panicker is the Chief Financial Officer. With a career span of over 32 years serving in Banking & Financial Services and having rich experience in managing & handling finance & accounts, legal & secretarial, investors & analysts, board members etc.
Vinodkumar Panicker – CFO
Nitin Gyanchandani – CRO
Nitin Gyanchandani is a qualified Chartered Accountant from Institute of Chartered Accountant of India. He has over 18 years of experience in the Banking and Financial Services and has a rich experience in managing Corporate Banking and Credit Underwriting & Analysis
Nitin Gyanchandani – CRO
Rashmita Prajapati – CCO
Rashmita Prajapati is the Chief Compliance Officer and has been associated with the Company since August 2023. She is a qualified Company Secretary from Institute of Company Secretaries of India. She also holds a Bachelor‘s degree in Commerce and also in Law from University of Mumbai.
Rashmita Prajapati – CCO
Shikha Jain – CS
Shikha Jain is a Commerce Graduate and a qualified Company Secretary from the Institute of Company Secretaries of India. She has experience in working under secretarial department of Public and Private Limited Companies.
Shikha Jain – CS
Our Initiatives
Promoting Education
AVASARA ACADEMY
Through Avasara Academy, IndoStar Capital Finance Ltd has contributed towards providing education to adolescent girls from economically weaker sections of the society. The academy is equipping young women with essential…
Empowering Women
POPULATION FIRST
This initiative promotes the economic empowerment of women through vermi-composting. Learning this skill equips members of villages with a lifelong method of earning money while living a healthier life…
Sanitation
Centre for Environmental Research and Education (CERE)
Under the Water Conservation and Rainwater Harvesting Project, conducted at the Police HQ in Naigaon, IndoStar Capital Finance Ltd contributed towards the augmentation of water for the police family…
Board of Directors
Bobby Parikh
Mr. Bobby Parikh is the Chairman and Non-Executive Independent Director of IndoStar. He has nearly three decades of experience in financial services industry/reorganisations. Mr. Parikh’s area of focus is providing tax and regulatory advice in relation to transactions and other forms of business reorganizations. He has founded Bobby Parikh Associates, a boutique firm focused on providing strategic tax and regulatory advisory services. Mr. Parikh is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor of Commerce degree from the University of Mumbai.
Naina Krishna Murthy
Ms. Naina Krishna Murthy is a Non-Executive Independent Director of IndoStar. She has more than two decades of experience in the legal sector. She is the Founder and Managing Partner of Krishnamurthy & Company. She is also a trusted legal advisor to numerous corporations. Over the years, Ms. Murthy has built a strong reputation in corporate commercial law, specifically in the areas of mergers and acquisitions, joint ventures, collaborations and PE/VC investments. She was recognised by India Business Law Journal as ‘A List’ of India’s top 100 lawyers in 2018, 2017 and 2016. She holds a degree in Law, with a B.A. and LLB (Hons) from National Law School, Bangalore.
Hemant Kaul
Mr. Hemant Kaul is a Non-Executive Independent Director of IndoStar. He has vast experience as an independent management consultant, having worked with private equity firms to evaluate investments in the financial sector. Earlier, Mr. Kaul has also been the MD & CEO of Bajaj Allianz General Insurance Co Ltd. and the Executive Director of Axis Bank. Mr. Kaul holds a Bachelor’s degree in Science and a Master’s degree in Business Administration from Rajasthan University.
Aditya Joshi
Mr. Aditya Joshi is a Non-Executive Non-Independent Director of IndoStar. He is also a Managing Director in Brookfield's Private Equity Group, and heads the private equity business for Brookfield in India. Mr. Joshi was responsible for conceptualizing Brookfield’s private equity strategy for India, nurturing and developing a high-quality team, building a robust sourcing engine, and leading deal execution and ongoing portfolio monitoring. Mr. Joshi joined Brookfield in March 2019. Prior to Brookfield, he was a Principal at Apax Partners in India, and led and participated in deals across healthcare, technology services, and financial services. Prior to Apax, he worked at The Blackstone Group in India, where he focused on investment opportunities primarily across technology services and business services. Prior to Blackstone, Mr. Joshi worked at Morgan Stanley in India, where he worked on fund raising and mergers and acquisitions across technology services, business services, telecom, amongst other industries. Mr. Joshi holds a Master of Business Administration degree from The Wharton School, University of Pennsylvania, a bachelor’s degree in accounting and finance from the University of Pune, and is a Chartered Accountant and member of The Institute of Chartered Accountants of India. Mr. Joshi is a member of FICCI’s National Committee on Private Equity for India.
Dhanpal Jhaveri
Mr. Dhanpal Jhaveri is a Non–Executive Non-Independent Director of IndoStar. He has over two decades of experience in investments, strategy, M&A and investment banking. Currently, he is a Managing Partner at the Everstone Group. Prior to joining Everstone, Mr. Jhaveri worked as Director (Corporate Strategy) with Vedanta Resources Plc. His previous assignments include being the Head of Investment Banking at ICICI Securities and Partner for Corporate Finance at KPMG. Mr. Jhaveri holds a degree in Bachelor of Commerce from the University of Mumbai and an MBA from Babson College, USA.
Devdutt Marathe
Mr. Devdutt Marathe is a Non-Executive Non-Independent Director of IndoStar. He is an investment professional with over thirteen years of experience in the Private Equity space. He is currently a Senior VP at Brookfield Asset Management focused on the Private Equity business in the India / Middle East region. Previously, Devdutt Marathe was a Principal at Apax Partners, where he led or participated in several transactions across financial services, healthcare and technology sectors. Devdutt Marathe holds B.Tech. and MS degrees in Electrical Engineering from IIT Madras and Caltech (USA) respectively, and a PGDM from IIM Ahmedabad.
Vibhor Talreja
Mr. Vibhor Talreja is a Non-Executive Non-Independent Director of IndoStar. He joined Everstone in 2019 as a Managing Director to lead the financial services sector along with other responsibilities. Prior to joining Everstone, he was working as a Director with Temasek India for over 12 years, where he led decision making on investments and divestments of over $2 billion each across both private and public transactions. Mr. Talreja has extensive experience in Financial Services, Industrial/Consumer, Real Estate & Telecom sectors and has worked with JM, Morgan Stanley and Tata Administrative Services. He is an alumnus of IIT Kanpur and IIM Bangalore.
Karthikeyan Srinivasan
Mr. Karthikeyan Srinivasan is the Chief Executive Officer and Whole time Director at IndoStar Capital. He is a qualified Cost Accountant from the Institute of Cost Accountants of India and holds an MBA in Finance & Marketing from Alagappa Institute of Management. He has over 25 years of experience in the areas of Retail Sales, Client Servicing, Credit / Portfolio Management and People Management in banking and financial services sector and has handled a wide range of financial products including Commercial Vehicle Loans, Construction Equipment Loan, Tractor Loans, Two-wheeler Loans etc. He has worked with various Banks like ICICI Bank Ltd, Kotak Mahindra Finance Limited, Cholamandalam Investment and Finance Company Ltd.
Management
Karthikeyan Srinivasan
- CEO
Karthikeyan Srinivasan is the Chief Executive Officer and Whole time Director at IndoStar Capital. He is a qualified Cost Accountant from the Institute of Cost Accountants of India and holds an MBA in Finance & Marketing from Alagappa Institute of Management. He has over 25 years of experience in the areas of Retail Sales, Client Servicing, Credit / Portfolio Management and People Management in banking and financial services sector and has handled a wide range of financial products including Commercial Vehicle Loans, Construction Equipment Loan, Tractor Loans, Two-wheeler Loans etc. He has worked with various Banks like ICICI Bank Ltd, Kotak Mahindra Finance Limited, Cholamandalam Investment and Finance Company Ltd.
Vinodkumar Panicker
- CFO
Vinodkumar Panicker is the Chief Financial Officer. With a career spanning over 32 years serving in Banking & Financial Services and having rich experience in managing & handling finance & accounts, legal & secretarial, investors & analysts, board members etc. Professionally he has worked with Muthoot Pappachan Group, Rajan Raheja Group, Asianet Satellite Communications Ltd. Mediaturf Worldwide India Pvt. Ltd. Cadbury, Schweppes Beverages India, Coco Cola India, etc. In his last assignment with Muthoot Pappachan Group, he was designated as CFO.
Nitin Gyanchandani
- CRO
Nitin Gyanchandani is a qualified Chartered Accountant from Institute of Chartered Accountant of India. He has over 18 years of experience in the Banking and Financial Services and has a rich experience in managing Corporate Banking and Credit Underwriting & analysis. He has also handled a wide range of financial products including commercial vehicle loans, construction equipment loan, healthcare and Auto Loans etc. He has played critical strategic roles and worked with cross-functional teams in laying down credit policies, developing new products, managed various Retail asset credit portfolios, managed all India Geographies, and trained underwriting teams. He has worked across Risk Management, Credit Underwriting & Analysis, Healthcare, and Auto. He was previously associated with premier financial organizations in the BFSI space including ICICI Bank Ltd and PricewaterhouseCoopers.
Rashmita Prajapati
- CCO
Rashmita Prajapati is the Chief Compliance Officer and has been associated with the Company since August 2023. She is a qualified Company Secretary from Institute of Company Secretaries of India. She holds a Bachelor‘s degree in Commerce and also in Law from the University of Mumbai. She has around 17 years of experience in handling SEBI compliances for Mutual Funds which includes regulatory reporting to the Board of Directors and regulators, interacting with the regulators, handling various product launches and ongoing compliances, listing related requirements (for Mutual Funds), training of employees, handling regulatory inspections and group related compliances. Rashmita Prajapati has previously worked with HDFC Asset Management Company Limited and HDFC Limited.
Shikha Jain
- CS
Shikha Jain is a Commerce Graduate and a qualified Company Secretary from the Institute of Company Secretaries of India. She has experience in working under secretarial department of Public and Private Limited Companies. She has worked with IIFL Wealth Finance Limited and Anand Rathi Group prior to joining IndoStar Capital Finance Ltd.
Committee Composition
We are a professionally managed and institutionally owned organization.
Risk Management Committee
Hemant Kaul
Chairman
Corporate Social Responsibility Committee
Naina Krishna Murthy
Chairperson
Stakeholders Relationship Committee
Dhanpal Jhaveri
Chairman
Note: Distribution of shares as per 30th September 2023
- BCP V Multiple Holdings Pte. Ltd. - Brookfield Group
- IndoStar Capital Finance Ltd (Mauritius) - Everstone Group
- ECP III FVCI Pte. Ltd.- Everstone Group
- Public Shareholding
CSR at IndoStar
Corporate Social Responsibility is an integral part of our company culture. As a responsible corporation, we respect the interests of our stakeholders- shareholders, employees, customers, suppliers, teaming partners, and the wider community. Also, we actively seek opportunities to improve the environment and contribute to the well-being of the communities in which we operate. Our CSR initiative focuses mainly on the areas of sanitation, education, and women empowerment through skilling and development.
Promoting Education
Avasara Academy
Through Avasara Academy, IndoStar Capital Finance Ltd has contributed towards providing education to adolescent girls from economically weaker sections of the society. Based on the Cambridge curriculum, with an emphasis on leadership, entrepreneurship, and Indian studies, the Academy is equipping young women with essential tools to navigate life after school. Set up as a residential learning programme in Pune, the Academy continues to expand, introducing new facilities such as libraries and hostel accommodation. The students and their parents have changed their perception of receiving education; parents are now willing to send their kids to school to complete their schooling. The teaching techniques used here are more practical which prepares students for real-life scenarios. The students get an equal opportunity to actively involve themselves in sports as they have access to the Oxford Golf ground in Pune.
Empowering Women
Population First
This initiative promotes the economic empowerment of women through vermi-composting. Learning this skill equips members of villages with a lifelong method of earning money while living a healthier life. Women have become more confident and have the ability to contribute towards household incomes, while also being further committed to developing their marketing skills to increase sales. Children in schools are learning the importance of hygiene and have become advocates for the construction of kitchen gardens and soak pits in their community.
Sanitation
Centre for Environmental Research and Education (CERE)
Under the Water Conservation and Rainwater Harvesting Project, conducted
at the Police HQ in Naigaon, IndoStar Capital Finance Ltd contributed towards the augmentation
of water for the police family of the region. This project has yielded notable environmental and social outcomes:
- Harvesting 38.8 million litres of rainwater every year.
- Increase in groundwater table of the entire Naigon precinct area in Dadar.
- Recharge of defunct bore wells.
All the members of the police community have been enthusiastically involved in this project, being actively involved in CERE to complete it on time. The families were trained on the usage and saving of water, thus, helping a deserving section of society that is usually ignored.
