IndoStar Capital Finance Limited approved appointment of Mr. Nitin Gyanchandani as the Chief Risk Officer of the Company for a period of 5 years effective from 17 July 2023, who shall report to Risk Management
Committee of the Company, in place of Mr. Karthikeyan Srinivasan who was earlier elevated to the position of Chief Executive Officer. Mr. 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, handled a wide range of financial products including commercial vehicle loans, construction equipment loan, Healthcare and Auto Loans etc. Mr. Gyanchandani previously worked with ICICI Bank Limited & PricewaterhouseCoopers.