get a loan
X

get a loan

Please input name
Please input proper mobile number
Please input proper email id

Thank you for showing interest. Our representative will shortly contact you for assistance

Loading...

about IndoStar

IndoStar is a non-banking finance company "NBFC" registered with the Reserve Bank of India as a systemically important non-deposit taking company. We are a professionally managed and institutionally owned organisation engaged in providing structured term financing solutions to corporates, used and new Vehicle Financing for transporters, Home Finance through our wholly-owned subsidiary IndoStar Home Finance Private Limited and loans to SME borrowers in India.  We have loans to suit your requirements so that your life takes-off.  We are committed to finding new ways to develop value-based and innovative financial solutions for our customers.

Credit Ratings

IndoStar is rated by CARE Rating Ltd., ICRA Limited, CRISIL Limited and India Rating & Research Private Limited (Fitch Group). IndoStar enjoys AA - (minus) rating for Long-Term borrowings and highest short-term rating of A1 + (plus) for Short-Term borrowings.

Long-Term

Instrument Debt Programme

Instrument Market Linked Debentures

Short-Term

Instrument Commercial Paper

Board of Directors

  • Mr. Dhanpal Jhaveri

    Mr. Dhanpal Jhaveri

    Mr. Dhanpal Jhaveri is the Chairman and Non–Executive 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, Dhanpal 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.

  • Mr. R Sridhar

    Mr. R. Sridhar

    Mr. R. Sridhar is the Executive Vice-Chairman and CEO of IndoStar. He has over three decades of experience in the financial services industry. Prior to IndoStar, he was associated with the Shriram Group since 1985 and held the position of Managing Director & CEO of Shriram Transport Finance Company Limited for over a decade since the year 2000. Under Mr. Sridhar’s leadership, the Company is expanding its retail businesses, while nurturing its well established corporate lending business. Mr. Sridhar is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor’s degree in Science.

  • Mr. Alok Oberoi

    Mr. Alok Oberoi

    Mr. Alok Oberoi is a Non-Executive Director of IndoStar. He has over three decades of experience in the financial industry, having spent 14 years in Wealth Management at Goldman Sachs and 17 years in Principal Investments and Private Wealth Management. He co-founded ACP Partners in 2001. Mr. Oberoi holds a Master’s of Business Administration and a Bachelor’s of Science from Cornell University.

  • Mr. Shailesh Shirali

    Mr. Shailesh Shirali

    Mr. Shailesh Shirali is a Whole-Time Director of the Company. He has over two decades of experience in the financial services industry. Prior to his association with the Company in 2012 as MD, Head – Corporate Lending and Markets, Mr. Shirali was associated with Capital First Limited (Formerly known as Future Capital Holdings Limited) as CEO – Corporate Lending, DSP Merrill Lynch Capital Limited as MD – Global Structured Finance & Investments, Rabo India Finance as ED – Head Structured Finance, Leveraged Finance, Infrastructure & Telecom and ICICI Limited as SVP – Credit Risk and Structured Finance. Mr. Shirali is a qualified Chartered Accountant and holds a Bachelor of Commerce degree from Mumbai University.

  • Mr. Bobby Parikh

    Mr. Bobby Parikh

    Mr. Bobby Parikh is a Non-Executive Independent Director on the board 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.

  • Mr. Dinesh Kumar Mehrotra

    Mr. Dinesh Kumar Mehrotra

    Mr. Dinesh Kumar Mehrotra is a Non-Executive Independent Director of IndoStar. He retired as Chairman of India's largest insurance company, Life Insurance Corporation of India in May 2013. He has over three decades of experience in the financial services industry and has held various important positions at the corporation during his tenure. Presently, he is also serving as a Director on the Boards of a number of diverse companies, namely IEX, TATA AIA Life, UTI AMC and others.

  • Mr. Hemant Kaul

    Mr. 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.

  • Ms. Naina Krishna Murthy

    Ms. Naina Krishna Murthy

    Mrs. Naina Krishna Murthy is a Non-Executive Independent Director on the board 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, Mrs. 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.

Management

  • Mr. R. Sridhar

    Mr. R. Sridhar

    Mr. R. Sridhar is the Executive Vice-Chairman and CEO of IndoStar. He has over three decades of experience in the financial services industry. Prior to IndoStar, he was associated with the Shriram Group since 1985 and held the position of Managing Director & CEO of Shriram Transport Finance Company Limited for over a decade since the year 2000. Under Mr. Sridhar’s leadership, the Company is expanding its retail businesses, while nurturing its well established corporate lending business. Mr. Sridhar is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and holds a Bachelor’s degree in Science.

  • Mr. Shailesh Shirali

    Mr. Shailesh Shirali

    Mr. Shailesh Shirali is a Whole-Time Director of the Company. He has over two decades of experience in the financial services industry. Prior to his association with the Company in 2012 as MD, Head – Corporate Lending and Markets, Mr. Shirali was associated with Capital First Limited (Formerly known as Future Capital Holdings Limited) as CEO – Corporate Lending, DSP Merrill Lynch Capital Limited as MD – Global Structured Finance & Investments, Rabo India Finance as ED – Head Structured Finance, Leveraged Finance, Infrastructure & Telecom and ICICI Limited as SVP – Credit Risk and Structured Finance. Mr. Shirali is a qualified Chartered Accountant and holds a Bachelor of Commerce degree from Mumbai University.

  • Mr. Prashant Joshi

    Mr. Prashant Joshi

    Prashant Joshi is the Chief Operating and Risk Officer and has been associated with the Company since August 1, 2016. He holds a Bachelor’s degree in Commerce from University of Bombay and a Postgraduate Diploma in Management from the Indian Institute of Management, Calcutta. He has more than 20 years of experience across small and medium enterprises, and corporate banking. He has previously worked with Deutsche Bank AG, Standard Chartered Bank, IDBI Bank Limited and ICICI Limited. His function and areas of experience in the Company pertains to operations, technology and administration related functions.

  • Mr. Amol Joshi

    Mr. Amol Joshi

    Amol Joshi is the Chief Financial Officer of the Company. He has over 21 years of leadership experience across India & Singapore in various areas of  Finance like Accounting, Business Planning, Reporting, Taxation, Systems Integration and Change Management. He has previously worked in Citicorp, Standard Chartered Bank, American Express and L&T Financial Services. He is responsible for accounting, tax, regulatory compliance, board related matters and investor relations. He holds a Bachelor’s degree in Commerce from University of Bombay and is a qualified Chartered Accountant.

  • Mr. Pankaj Thapar

    Mr. Pankaj Thapar

    Mr. Pankaj Thapar, is the Director - Strategy for the Company. Mr. Thapar has more than three decades of experience in various fields including corporate finance with Indian and international entities like Everstone Capital Advisors Private Limited, Dentsu Marcom Private Limited, Coca-Cola India Inc., ANZ Grindlays Bank Limited, Citibank India and ICICI Limited. He holds a bachelor‘s degree in commerce and a master‘s degree in business administration from the University of Delhi.

  • Mr. A. Gowthaman

    Mr. A. Gowthaman

    A Gowthaman is the Business Head – Vehicle Finance and has been associated with the Company since July 6, 2017. He holds a Bachelor’s degree in Arts, a Master’s degree in Arts and a Master’s degree in Business Administration from Bharathidasan University. Further, he holds a Post Graduate diploma in general insurance law and practice from The Tamil Nadu Dr. Ambedkar Law University. He has more than 20 years of experience in financial institutions, and has previously worked with Cholamandalam Investment & Finance Company Limited, Shriram Transport Finance Company Limited, Shriram Investments Limited and Inter Trim Linings Super Markets Private Limited.

  • Mr. Hansraj Thakur

    Mr. Hansraj Thakur

    Hansraj Thakur, is a Business Head - SME Finance and has been associated with the Company since April 3, 2017. He holds a Bachelor‘s degree in Commerce from University of Mumbai, and a Post Graduate diploma in Business Management with specialisation in Marketing and Finance from Ramprasad Khandelwal Institute of Management and Research. He has several years of experience in the fields of small and medium enterprises, commercial banking, and sales and relationship management. He has previously worked at IDFC Bank Limited and Standard Chartered Bank.

  • Mr. Shreejit Menon

    Mr. Shreejit Menon

    Shreejit Menon is the Business Head – Affordable Home Finance of IndoStar Home Finance Private Limited, Subsidiary of IndoStar Capital Finance Limited, since May 2, 2017. He holds a Bachelor’s degree in Commerce and Master’s degree in Management Studies from University of Mumbai. He has several years of experience with financial institutions like Religare Housing Development Finance Corporation Limited, Muthoot Housing Finance Company Limited and HSBC Limited.

  • Mrs. Benaifer Palsetia

    Mrs. Benaifer Palsetia

    She has 19+ years 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.

  • Mr. Siva Subramanian

    Mr. Siva Subramanian

    He has 23+ years 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. Uday Narayan

    Mr. Uday Narayan

    He has 20+ years 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 an MBA from IISWBM, University of Calcutta.

  • Mr. Shripad Desai

    Mr. Shripad Desai

    He has 18+ years of experience across Construction Finance, Mortgage Lending, SME sales and risk management functions. He has 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 Institute of Management and he holds a diploma in Taxation Law from MP Law College.

  • Mr. Jitendra Bhati

    Mr. Jitendra Bhati

    Jitendra Bhati is the Company Secretary and Compliance Officer; and has been associated with the Company since August 1, 2011. He holds a Bachelor’s degree in Commerce from Jai Naraian Vyas University, Jodhpur, and a Bachelor’s degree in Law from University of Mumbai. He is a fellow member of Institute of Company Secretaries of India. Further, he holds a Post-graduation diploma in International Business and Finance from Jai Naraian Vyas University, Jodhpur, a Post-graduation diploma in Business Management from the Institute of Management Technology and a Post Graduate diploma in Securities Law from Government Law College, Mumbai. He has previously worked at Future Capital Holdings Limited, and has experience in the fields of legal, secretarial and compliance.

Committee Composition

We are a professionally managed and institutionally owned organization.

Audit Committee

  • Mr. Bobby Parikh

    Chairman
  • Mr. Dhanpal Jhaveri
  • Ms. Naina Krishna Murthy
  • Mr. Hemant Kaul

Nomination & Remunertion Committee

  • Mr. Bobby Parikh

    Chairman
  • Mr. Alok Oberoi
  • Mr. Dhanpal Jhaveri
  • Mr. Hemant Kaul

Risk Management Committee

  • Mr. Dinesh Kumar Mehrotra

    Chairman
  • Mr. R. Sridhar
  • Mr. Prashant Joshi
  • Mr. Pankaj Thapar
  • Mr. Hemant Kaul

Stakeholders Relationship Committee

  • Mr. Dhanpal Jhaveri

    Chairman
  • Mr. R. Sridhar
  • Mr. Dinesh Kumar Mehrotra
  • Mr. Bobby Parikh

Corporate Social Responsibility Committee

  • Mr. Dinesh Kumar Mehrotra

    Chairman
  • Mr. Dhanpal Jhaveri
  • Ms. Naina Krishna Murthy
  • Mr. R. Sridhar
  • Promoter and Promoter Group

    59.30%
  • Foreign Portfolio Investor

    12.10%
  • Mutual funds/Financial institutions/Banks

    11.16%
  • Other

    17.44%

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-our 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 communities in which we operate. Our CSR initiative focuses mainly in the areas of sanitation, education and women empowerment through skilling and development.

CSR
  • Avasara Academy

    Promoting Education

    AVASARA ACADEMY

    Through Avasara Academy, IndoStar 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

    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

Sanitation
Centre for Environmental Research and Education (CERE)

Under the Water Conservation and Rainwater Harvesting Project, conducted at the Ploice HQ in Naigaon, IndoStar contributed towards the augmentation of water for the police family of the region. This project has yield notable environmental and social outcomes:

  • Harvesting 38.8 million litres of rain water every year.
  • Increase in ground water table of the entire Naigon precinct area in Dadar.
  • Recharge of defunct bore wells.
  • Decrease in soil salinity and salt water ingress
  • Better maintenance of 3 large police grounds which is used for training, parades and sports
  • Improved living conditions in police colonies as they used the water for household chores
  • Promotion of environmental sustainability within police force
  • Water access for tree plantation drive in the police colonies

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.

About IndoStar - NBFC Company in India | Financing Solutions