IndoStar Capital Finance Limited has informed the Exchange regarding Change in Director(s) of the company.
INDOSTAR · price
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IndoStar Capital Finance has announced that Mr. Karthikeyan Srinivasan has resigned as Whole-Time Director and Chief Executive Officer with immediate effect on May 11, 2025, to pursue alternate career opportunities. He will, however, continue as an employee of the company until May 30, 2025, to ensure a smooth transition. In the same board meeting, Mr. Randhir Singh, who was already serving as Whole-Time Director designated as Executive Vice Chairman since July 2024, has been re-designated as Managing Director designated as Executive Vice Chairman, effective May 11, 2025, until the end of his current term in July 2029. Mr. Singh brings over 29 years of experience across MSME lending, structured finance, debt capital markets, and banking, having previously worked with Citibank, Deutsche Bank, and Edelweiss Financial Services. The change was recommended by the Nomination and Remuneration Committee.
The exit of the CEO may create short-term uncertainty, but continuity is largely maintained since an internal, experienced leader in Mr. Randhir Singh has been elevated to Managing Director. Shareholders should watch for clarity on the succession plan and any strategic direction shifts under the new leadership.