Capital India Finance Limited informed that the Board of the Directors (`Board") of the Company, in their meeting held on February 10, 2024. Approved the appointment of Mr. Srinivas Nidumolu as Chief Technology Officer -- Lending of the Company, w.ef. February 10, 2024.

Mr. Srinivas holds B.Tech degree in Mechanical Engineering from Osmania University, Hyderabad and has done M.S in Applied Computer Science from lllinois State University, USA. With a career spanning over two decades, he has extensive experience in designing and developing of enterprise applications for various sectors, including e-Commerce, banking, finance, insurance (BFSI), and technology startups. Mr. Srinivas worked for more than 11 years in USA with organizations such as MicroStrategy, Geico, and Lockheed Martin.

In India, he has served in organizations like Bank of America, Myntra, CASHe, RapiPay, and Quara Finance.