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We are proud to have on board an illustrious panel of board members who advise and guide us at every turn.

  • Nasser Munjee

    Nasser Munjee

    Independent Director, Chairman of Board of Directors

  • P S Jayakumar

    P S Jayakumar

    Independent Director and Audit Committee Chairman

  • Varsha Purandare

    Varsha Purandare

    Independent Director

  • P.B. Balaji

    P.B. Balaji

    Non-Executive Director

  • Shyam Mani

    Shyam Mani

    Non-Executive Director

  • Mr. Dhiman Gupta

    Mr. Dhiman Gupta

    Non-Executive Director

  • Samrat Gupta

    Samrat Gupta

    Non-Executive Director

Mr. Nasser Munjee served with HDFC for over 20 years at various positions including as its Executive Director. He was the Managing Director of Infrastructure Development Finance Co. Ltd. (IDFC) up to March 2004. Mr. Munjee was a Technical Advisor on the World Bank-Public Private Partnership Infrastructure and Advisory Fund. Presently he is on the Board of various Multinational Companies and Trusts. He was the Chairman of Development Credit Bank (DCB).

Mr. Munjee holds a Bachelor's degree and a Master's degree from the London School of Economics, UK 

Mr. P S Jayakumar, 58 years, is a Chartered Accountant and holds post graduate diploma in business management from XLRI Jamshedpur. Mr. P S Jayakumar has a deep experience in the banking sector and financial sector with 23 years of work experience with Citibank in their India and Singapore office. Mr. P S Jayakumar’s last assignment in Citibank was being the Country Head for the Consumer Banking Group. In his 23 years of working in Citibank, Mr. P S Jayakumar has been involved in innovation and development of retail financial service industry.

 

On leaving Citibank in 2008,  Mr. P S Jayakumar worked as an entrepreneur and was a cofounder of Value Budget Housing Company, a leader in housing for low and moderate income household. Value Budget Housing pioneered the use of manufacturing approach to construction and application of form and IT technology to low cost and affordable housing. In 2008, Mr. P S Jayakumar also confounded Home First Finance Ltd, a housing finance company licensed by NHB and provides long term purchase money mortgage loans for customers from low and moderate income household. These two companies have contributed to pioneering effort in building demand and supply for low cost and affordable housing.

 

In 2015, Mr P S Jayakumar was selected by the Government of India to serve as the Managing Director and CEO for Bank of Baroda, first person from the private sector selected to run a large public sector bank. He lead a successful transformation of Bank of Baroda and completed three way merger between Bank of Baroda, Vijaya and Dena Bank. He was also awarded the ‘Banker of the Year’ by Financial Express for 2018. Currently Mr P S Jayakumar is working on his third start up venture and besides Tata Motor Finance Group of Companies also serves as an independent director on the Board of several other Companies. 

Mrs. Varsha Purandare, has varied experience of 36 years in the areas of Credit, Forex, Risk, Treasury, Capital Markets, Investment Banking and Private Equity. 

Mrs. Purandare was the Managing Director and Chief Executive Officer of SBI Capital Markets Limited (“SBI Caps”) from November 2015 up to December 2018, where she was overall in-charge of SBI Caps and its five subsidiaries, covering investment banking and encompassing Equity Capital Markets, Debt Markets, Private Equity, Institutional & Retail Broking, Trustee & Foreign Subsidiaries. Prior to this, Mrs. Purandare was the Deputy Managing Director and Chief Credit and Risk Officer of State Bank of India (“SBI”), where she headed the highest Credit Committee and was in-charge of the overall credit function. Besides the above, Mrs. Purandare has held several positions in SBI, in India and abroad.”

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Shyam Mani is associated with Tata Motors Finance (TMF) Group since 2006. During his 14 years of association with the TMF Group, he has transformed TMF Group into a strong captive financing arm of Tata Motors Limited. Mr. Mani retired as Managing Director of TMF Holdings Limited on March 31, 2021. Currently, in addition to other Tata Group Companies, he is Non-Executive Director of all three TMF Group Companies viz. TMF Holdings Limited, Tata Motors Finance Limited and Tata Motors Finance Solutions Limited.

 

Mr. Mani has played a key role in shaping the growth of TMF Group Companies both at strategic and visionary level. During his association with TMF Group, he led the Group towards growing the portfolio over Rs. 38000 cr. He led and oversaw a key restructuring exercise of TMF Group Companies, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India. He also championed several innovative business practices within TMF Group in the areas of Insurance and Used Vehicle business. TMF was also one of the first company to introduce the concept of Central Processing Centre (CPC) which was recognized by the Tata Group Innovation program.

 

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

 

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

 

Mr. Mani is an alumnus of IIT, Kanpur and has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

Mr. Dhiman Gupta is a graduate from Indian Institute of Technology, Kharagpur and holds a post-graduate management degree from Indian Institute of Management, Ahmedabad. He has 15+ years of experience in corporate finance and M&A across various industry verticals. Mr. Dhiman Gupta is currently Vice President – Treasury, IR and M&A for Tata Motors Limited. He has led the business restructuring and fund-raising initiatives at TML over the last few years, including the subsidiarization of PV business and raising $1Bn growth capital for EV business. Prior to joining TML, Mr. Dhiman was with Tata Sons Group Chairman’s office where he closely worked with multiple group companies to assist on business strategy and M&A. Prior to that, Mr. Dhiman Gupta was with the Corporate Finance team of Standard Chartered, Mumbai.

Mr. Samrat Gupta is the Managing Director & Chief Executive Officer (MD & CEO) of Tata Motors Finance Limited from June 2020. He is a senior professional having 20 years of hands-on execution experience in driving profitable growth, corporate transformation and change management through organic & inorganic expansion. 

 

As the MD & CEO, he is focused on creating shareholder value by running organization wide initiatives that lead to improvement in customer satisfaction, enhance employee engagement, and generate healthy cash-flow. He joined TMF Group in the year 2014 as the Chief Financial Officer (CFO). In the year 2017, he was elevated to the position of CEO. During his 4 years stint as the CFO, among other achievements, he was instrumental in undertaking the financial restructuring of TMF Group under the Project Phoenix banner. Prior to joining TMF Group, Mr. Samrat has worked with many leading organizations including the TATA Group companies and other MNCs. As an investment banker, he has worked in global assignments related to cross border acquisitions, private equity and start-up venture fund raising, pricing and large contract negotiation, offshore and onshore infrastructure facility and resource augmentation, devising and implementing human capital strategy, leadership development and succession planning, equity & debt financing, balance sheet restructuring, buy back and capital reduction programs.

 

He is also a Non-Executive Director of TMF Holdings Limited with effect from May 24, 2022.

 

Mr. Samrat has an MBA from the University of Manchester. He has widely travelled across the globe and his interests include listening to music and networking with people.

  • Nasser Munjee

    Nasser Munjee

    Independent Director, Chairman of Board of Directors

  • Vedika Bhandarkar

    Vedika Bhandarkar

    Independent Director

  • P S Jayakumar

    P S Jayakumar

    Independent Director & Chairman of Audit Committee

  • Varsha Purandare

    Varsha Purandare

    Independent Director

  • P.B. Balaji

    P.B. Balaji

    Non-Executive Director

  • Shyam Mani

    Shyam Mani

    Non-Executive Director

  • Mr. Dhiman Gupta

    Mr. Dhiman Gupta

    Non-Executive Director

  • Samrat Gupta

    Samrat Gupta

    Managing Director & Chief Executive Officer

Mr. Nasser Munjee served with HDFC for over 20 years at various positions including as its Executive Director. He was the Managing Director of Infrastructure Development Finance Co. Ltd. (IDFC) up to March 2004. Mr. Munjee was a Technical Advisor on the World Bank-Public Private Partnership Infrastructure and Advisory Fund. Presently he is on the Board of various Multinational Companies and Trusts. He was the Chairman of Development Credit Bank (DCB).

Mr. Munjee holds a Bachelor's degree and a Master's degree from the London School of Economics, UK

Mrs. Vedika Bhandarkar serves as Chief Operating Officer of Water.org. Mrs. Vedika Bhandarkar is responsible for the operating efficiency and effectiveness of Water.org, and for the attainment of strategic objectives and annual organizational goals. She works closely with the CEO, the executive team, and the President of WaterEquity to support the mission and vision of Water.org. She previously served as Water.org’s Chief Global Impact Officer and the Managing Director, India.

 

Mrs. Vedika Bhandarkar has more than 25 years of experience building teams and businesses with Indian and international financial institutions. Prior to joining Water.org in January 2016, she served as Vice Chairman and Managing Director at Credit Suisse Securities (India) Private Limited from 2010-2015. Previously, she served as the Managing Director & Head of Investment Banking at J.P. Morgan.

 

Mrs. Vedika Bhandarkar serves as an Independent Director on the boards of several companies. She also serves as a board member of the Jai Vakeel Foundation, an institution focused on children and adults with intellectual disabilities.

Mr. P S Jayakumar, 58 years, is a Chartered Accountant and holds post graduate diploma in business management from XLRI Jamshedpur. Mr. P S Jayakumar has a deep experience in the banking sector and financial sector with 23 years of work experience with Citibank in their India and Singapore office. Mr. P S Jayakumar’s last assignment in Citibank was being the Country Head for the Consumer Banking Group. In his 23 years of working in Citibank, Mr. P S Jayakumar has been involved in innovation and development of retail financial service industry.

 

On leaving Citibank in 2008,  Mr. P S Jayakumar worked as an entrepreneur and was a cofounder of Value Budget Housing Company, a leader in housing for low and moderate income household. Value Budget Housing pioneered the use of manufacturing approach to construction and application of form and IT technology to low cost and affordable housing. In 2008, Mr. P S Jayakumar also confounded Home First Finance Ltd, a housing finance company licensed by NHB and provides long term purchase money mortgage loans for customers from low and moderate income household. These two companies have contributed to pioneering effort in building demand and supply for low cost and affordable housing.

 

In 2015, Mr P S Jayakumar was selected by the Government of India to serve as the Managing Director and CEO for Bank of Baroda, first person from the private sector selected to run a large public sector bank. He lead a successful transformation of Bank of Baroda and completed three way merger between Bank of Baroda, Vijaya and Dena Bank. He was also awarded the ‘Banker of the Year’ by Financial Express for 2018. Currently Mr P S Jayakumar is working on his third start up venture and besides Tata Motor Finance Group of Companies also serves as an independent director on the Board of several other Companies. 

Mrs. Varsha Purandare, has varied experience of 36 years in the areas of Credit, Forex, Risk, Treasury, Capital Markets, Investment Banking and Private Equity. 

Mrs. Purandare was the Managing Director and Chief Executive Officer of SBI Capital Markets Limited (“SBI Caps”) from November 2015 up to December 2018, where she was overall in-charge of SBI Caps and its five subsidiaries, covering investment banking and encompassing Equity Capital Markets, Debt Markets, Private Equity, Institutional & Retail Broking, Trustee & Foreign Subsidiaries. Prior to this, Mrs. Purandare was the Deputy Managing Director and Chief Credit and Risk Officer of State Bank of India (“SBI”), where she headed the highest Credit Committee and was in-charge of the overall credit function. Besides the above, Mrs. Purandare has held several positions in SBI, in India and abroad.”

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Shyam Mani is associated with Tata Motors Finance (TMF) Group since 2006. During his 14 years of association with the TMF Group, he has transformed TMF Group into a strong captive financing arm of Tata Motors Limited. Mr. Mani retired as Managing Director of TMF Holdings Limited on March 31, 2021. Currently, in addition to other Tata Group Companies, he is Non-Executive Director of all three TMF Group Companies viz. TMF Holdings Limited, Tata Motors Finance Limited and Tata Motors Finance Solutions Limited.

 

Mr. Mani has played a key role in shaping the growth of TMF Group Companies both at strategic and visionary level. During his association with TMF Group, he led the Group towards growing the portfolio over Rs. 38000 cr. He led and oversaw a key restructuring exercise of TMF Group Companies, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India. He also championed several innovative business practices within TMF Group in the areas of Insurance and Used Vehicle business. TMF was also one of the first company to introduce the concept of Central Processing Centre (CPC) which was recognized by the Tata Group Innovation program.

 

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

 

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

 

Mr. Mani is an alumnus of IIT, Kanpur and has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

Mr. Dhiman Gupta is a graduate from Indian Institute of Technology, Kharagpur and holds a post-graduate management degree from Indian Institute of Management, Ahmedabad. He has 15+ years of experience in corporate finance and M&A across various industry verticals. Mr. Dhiman Gupta is currently Vice President – Treasury, IR and M&A for Tata Motors Limited. He has led the business restructuring and fund-raising initiatives at TML over the last few years, including the subsidiarization of PV business and raising $1Bn growth capital for EV business. Prior to joining TML, Mr. Dhiman was with Tata Sons Group Chairman’s office where he closely worked with multiple group companies to assist on business strategy and M&A. Prior to that, Mr. Dhiman Gupta was with the Corporate Finance team of Standard Chartered, Mumbai.

Mr. Samrat Gupta is the Managing Director & Chief Executive Officer (MD & CEO) of Tata Motors Finance Limited from June 2020. He is a senior professional having 20 years of hands-on execution experience in driving profitable growth, corporate transformation and change management through organic & inorganic expansion. 

 

As the MD & CEO, he is focused on creating shareholder value by running organization wide initiatives that lead to improvement in customer satisfaction, enhance employee engagement, and generate healthy cash-flow. He joined TMF Group in the year 2014 as the Chief Financial Officer (CFO). In the year 2017, he was elevated to the position of CEO. During his 4 years stint as the CFO, among other achievements, he was instrumental in undertaking the financial restructuring of TMF Group under the Project Phoenix banner. Prior to joining TMF Group, Mr. Samrat has worked with many leading organizations including the TATA Group companies and other MNCs. As an investment banker, he has worked in global assignments related to cross border acquisitions, private equity and start-up venture fund raising, pricing and large contract negotiation, offshore and onshore infrastructure facility and resource augmentation, devising and implementing human capital strategy, leadership development and succession planning, equity & debt financing, balance sheet restructuring, buy back and capital reduction programs.

 

He is also a Non-Executive Director of TMF Holdings Limited with effect from May 24, 2022.

 

Mr. Samrat has an MBA from the University of Manchester. He has widely travelled across the globe and his interests include listening to music and networking with people.

  • Nasser Munjee

    Nasser Munjee

    Independent Director, Chairman of Board of Directors

  • Vedika Bhandarkar

    Vedika Bhandarkar

    Independent Director

  • Varsha Purandare

    Varsha Purandare

    Independent Director & Chairperson of Audit Committee

  • P.B. Balaji

    P.B. Balaji

    Non-Executive Director

  • Shyam Mani

    Shyam Mani

    Non-Executive Director

  • Mr. Dhiman Gupta

    Mr. Dhiman Gupta

    Non-Executive Director

  • Alok Chadha

    Alok Chadha

    Whole Time Director and KMP

Mr. Nasser Munjee served with HDFC for over 20 years at various positions including as its Executive Director. He was the Managing Director of Infrastructure Development Finance Co. Ltd. (IDFC) up to March 2004. Mr. Munjee was a Technical Advisor on the World Bank-Public Private Partnership Infrastructure and Advisory Fund. Presently he is on the Board of various Multinational Companies and Trusts. He was the Chairman of Development Credit Bank (DCB).

Mr. Munjee holds a Bachelor's degree and a Master's degree from the London School of Economics, UK 

Mrs. Vedika Bhandarkar serves as Chief Operating Officer of Water.org. Mrs. Vedika Bhandarkar is responsible for the operating efficiency and effectiveness of Water.org, and for the attainment of strategic objectives and annual organizational goals. She works closely with the CEO, the executive team, and the President of WaterEquity to support the mission and vision of Water.org. She previously served as Water.org’s Chief Global Impact Officer and the Managing Director, India.

 

Mrs. Vedika Bhandarkar has more than 25 years of experience building teams and businesses with Indian and international financial institutions. Prior to joining Water.org in January 2016, she served as Vice Chairman and Managing Director at Credit Suisse Securities (India) Private Limited from 2010-2015. Previously, she served as the Managing Director & Head of Investment Banking at J.P. Morgan.

 

Mrs. Vedika Bhandarkar serves as an Independent Director on the boards of several companies. She also serves as a board member of the Jai Vakeel Foundation, an institution focused on children and adults with intellectual disabilities.

Mrs. Varsha Purandare, has varied experience of 36 years in the areas of Credit, Forex, Risk, Treasury, Capital Markets, Investment Banking and Private Equity. 

Mrs. Purandare was the Managing Director and Chief Executive Officer of SBI Capital Markets Limited (“SBI Caps”) from November 2015 up to December 2018, where she was overall in-charge of SBI Caps and its five subsidiaries, covering investment banking and encompassing Equity Capital Markets, Debt Markets, Private Equity, Institutional & Retail Broking, Trustee & Foreign Subsidiaries. Prior to this, Mrs. Purandare was the Deputy Managing Director and Chief Credit and Risk Officer of State Bank of India (“SBI”), where she headed the highest Credit Committee and was in-charge of the overall credit function. Besides the above, Mrs. Purandare has held several positions in SBI, in India and abroad.”

Mr. P.B. Balaji is a graduate of from Indian Institute of Technology, Chennai and has a post-graduate management degree from Indian Institute of Management, Kolkata. Having started his career with Unilever in 1995 and worked in different corporate finance roles across Asian markets, Switzerland, UK and India, Mr. Balaji is very well oriented in global finance stream with over two decades of experience in the corporate sector. Mr. Balaji is the Chief Financial Officer of Tata Motors Limited. Before joining TML, he had been heading the finance function as the Chief Financial Officer of Hindustan Unilever, a $6 billion enterprise. Prior to that, he was the Chief Accountant of the Unilever Group in London.

Mr. Shyam Mani is associated with Tata Motors Finance (TMF) Group since 2006. During his 14 years of association with the TMF Group, he has transformed TMF Group into a strong captive financing arm of Tata Motors Limited. Mr. Mani retired as Managing Director of TMF Holdings Limited on March 31, 2021. Currently, in addition to other Tata Group Companies, he is Non-Executive Director of all three TMF Group Companies viz. TMF Holdings Limited, Tata Motors Finance Limited and Tata Motors Finance Solutions Limited.

 

Mr. Mani has played a key role in shaping the growth of TMF Group Companies both at strategic and visionary level. During his association with TMF Group, he led the Group towards growing the portfolio over Rs. 38000 cr. He led and oversaw a key restructuring exercise of TMF Group Companies, thereby setting it up for significant value creation in the coming years. His hands on approach coupled with astute leadership has made TMF win several accolades and awards in the last several years. Being a strong believer in analytics and technology, he set up the Analytics division of TMF in the year 2007, a first of its kind for any vehicle financing NBFC in India. He also championed several innovative business practices within TMF Group in the areas of Insurance and Used Vehicle business. TMF was also one of the first company to introduce the concept of Central Processing Centre (CPC) which was recognized by the Tata Group Innovation program.

 

Prior to joining TMF, Mr. Mani was the Vice President – Sales & Marketing for the Commercial Vehicles Business Unit of Tata Motors Limited (TML) and had a very successful tenure being responsible for the Commercial and Marketing functions of the entire Business Unit spanning the complete range of products from M & HCV trucks to the highly successful ACE. Mr. Mani has led the successful growth in numbers as well as market shares of the BU and had been closely involved in new product introductions as well as in setting up and growing a large sales team. He has led the entire revamping and growth of the dealer network at TML.

 

Mr. Mani also served Tata Capital as Chief Operating Officer – Retail Finance prior to his stints with Tata Motors Finance.

 

Mr. Mani is an alumnus of IIT, Kanpur and has a vast experience of over 40 years in the Industry spanning Manufacturing and Finance.

Mr. Dhiman Gupta is a graduate from Indian Institute of Technology, Kharagpur and holds a post-graduate management degree from Indian Institute of Management, Ahmedabad. He has 15+ years of experience in corporate finance and M&A across various industry verticals. Mr. Dhiman Gupta is currently Vice President – Treasury, IR and M&A for Tata Motors Limited. He has led the business restructuring and fund-raising initiatives at TML over the last few years, including the subsidiarization of PV business and raising $1Bn growth capital for EV business. Prior to joining TML, Mr. Dhiman was with Tata Sons Group Chairman’s office where he closely worked with multiple group companies to assist on business strategy and M&A. Prior to that, Mr. Dhiman Gupta was with the Corporate Finance team of Standard Chartered, Mumbai.

Alok has a Bachelor’s Degree in Commerce from Lucknow University and a Post Graduate Diploma in Management.

Before joining TMFL Alok has worked with MRF Tyres and Kinetic Engineering in the sales and marketing functions. He has joined TMFL in 2008 as Regional Business Head – West, from where he moved to the role of Collection Head. He is responsible for the profitability and growth of the department . Amongst the notable achievements, creating a collection organisation with strong processes which brought down the Gross NPAs, while improving the collection through a slew of strategies has been a notable one. He is a strategic thinker and very strong at execution.

Alok Chadha was previously the Chief Operating Officer, Retail Distribution & Collection. His profile at TMF encompassed integrating sales at a geographic level, collection, retail credit and branch operations. He is responsible for driving branch level profitability for TMF and building stronger relationships with dealer partners and customers.

Prior to this role he was the Business Head for MHCV & ICV vertical. Alok Chadha is the Chief Operating Officer, Retail Distribution & Collection.

He enjoys reading and travelling.

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