Financial Services Veteran R Sridhar Joins IndoStar Capital as CEO

Destination-Kerala-Indo-Star

Kochi:  Financial services veteran R Sridhar has joined IndoStar Capital Finance Limited as its Executive Vice-Chairman and CEO as the Everstone Group-backed NBFC witnesses strong growth, according to a IndoStarCapital statement.

Sridhar, who has over three decades of experience in financial services, will be investing a significant amount of his own capital in IndoStar. He will oversee IndoStar’s growth across its lending businesses, including Corporate lending, SME lending and a 100 per cent-owned housing finance subsidiary, IndoStar Home Finance Pvt. Ltd., and other asset financing businesses.

‘’I am excited to lead IndoStar Capital at this phase of its journey. The strong sponsorship of Everstone and other shareholders, combined with a well-capitalised balance sheet and a highly profitable business, provide an excellent base for the next level of growth,” said Sridhar.

Sridhar, who has worked with the Sriram Group since 1985, will be taking over at IndoStar from Vimal Bhandari who led the firm since 2011. Bhandari will remain on the board of IndoStar and stay as a shareholder.

“We are excited about Sridhar’s decision to partner with, and lead, IndoStar. His deep expertise in the NBFC sector and his outstanding performance as a business leader over the years should propel IndoStar into an even higher trajectory of growth,” said Sameer Sain, Co-founder and Managing Partner, Everstone Group.

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