This strategic move reflects the company's commitment to further strengthen its governance structure and foster continued growth and innovation in the microfinance sector.
The three members include IIFL Group co-promoter, R. Venkataraman, Dr. Govinda Rajulu Chintala, former Chairman of NABARD, and Kalengada Mandana Nanaiah, former Managing Director of Equifax Credit Information Services.
R. Venkataraman joined as an additional director (non-executive), while Govind Chintala and Kalengada Nanaiah joined as additional directors (non-executive and independent). The board will now have six members.
Commenting on his appointments, Govinda Chintala said, “I am delighted to join this extraordinary team as we celebrate our company's impressive financial year results.Look forward to contributing to our continued success.”
Govinda Chintala has over 20 years of experience as a Director on the Board of various financial, insurance and microfinance institutions.
He was the Chairman of NABARD till July 31, 2022. As Chairman, he led important initiatives including approving landmark projects and forming strategic partnerships.
These efforts include setting up of Long Term Irrigation Fund and Rural Infrastructure Development Fund (RIDF), support for infrastructure projects, assistance for computerization of Primary Agricultural Credit Societies (PACS), implementation of special packages and expansion of healthcare infrastructure under RIDF. Convenience included./Nida.
Additionally, they played a key role in providing rural infrastructure assistance to the states (RIAS).
Commenting on his appointment, Kalengada Nanaiah said, “During my tenure as CEO of Equifax India, I have had the opportunity to work with the microfinance industry and understand the needs and challenges of the industry. I am delighted to join the Board of a rapidly growing organization like IIFL Samast and look forward to contributing to the strategic vision and growth of IIFL Samast in the years to come.
Kalengada Nanaiah was the managing director of Equifax Credit Information Services Pvt Ltd for over five years until July 2023.
He was responsible for providing leadership and oversight for credit bureaus in India.He has extensive experience, expertise and insight into the financial services sector, particularly in the areas of data, technology and analytics.
Additionally, he serves as a visiting faculty at the College of Supervisors of the Reserve Bank of India. With a deep commitment to microfinance, Kalengada Nania has been honored with awards for her dedication towards promoting workplace diversity.
R. Venkatraman is the co-promoter of IIFL Group and chairman of IIF Securities. He has been making significant contributions in setting up various businesses and leading key initiatives of IIFL Group for the last 2 years.He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, J.P. of America. Morgan and an investment banking joint venture with Barclays-BZW was also involved. He also worked in the private equity division of GE Capital Services India Limited.
Commenting on the appointments, Venkatesh N., Managing Director, IIFL Samastha. Said, “G.R. We are happy to have you. Chintala, K.M. Nanaiah, and R. Venkatarama as our esteemed members of the Board of Directors. His wealth of knowledge and insight will be instrumental in driving our ongoing pursuit of innovation that delivers unique value to our customers and realizing our ambitious objectives.The newly appointed members bring a wealth of experience and expertise to the Board, enhancing IIFL Samastha's ability to address challenges and capitalize on emerging opportunities.
Their diverse backgrounds and proven records of success will complement the skills of the existing Board members and contribute to the company's strategic vision and long-term success.
The three members include IIFL Group co-promoter, R. Venkataraman, Dr. Govinda Rajulu Chintala, former Chairman of NABARD, and Kalengada Mandana Nanaiah, former Managing Director of Equifax Credit Information Services.
R. Venkataraman joined as an additional director (non-executive), while Govind Chintala and Kalengada Nanaiah joined as additional directors (non-executive and independent). The board will now have six members.
Commenting on his appointments, Govinda Chintala said, “I am delighted to join this extraordinary team as we celebrate our company's impressive financial year results.Look forward to contributing to our continued success.”
Govinda Chintala has over 20 years of experience as a Director on the Board of various financial, insurance and microfinance institutions.
He was the Chairman of NABARD till July 31, 2022. As Chairman, he led important initiatives including approving landmark projects and forming strategic partnerships.
These efforts include setting up of Long Term Irrigation Fund and Rural Infrastructure Development Fund (RIDF), support for infrastructure projects, assistance for computerization of Primary Agricultural Credit Societies (PACS), implementation of special packages and expansion of healthcare infrastructure under RIDF. Convenience included./Nida.
Additionally, they played a key role in providing rural infrastructure assistance to the states (RIAS).
Commenting on his appointment, Kalengada Nanaiah said, “During my tenure as CEO of Equifax India, I have had the opportunity to work with the microfinance industry and understand the needs and challenges of the industry. I am delighted to join the Board of a rapidly growing organization like IIFL Samast and look forward to contributing to the strategic vision and growth of IIFL Samast in the years to come.
Kalengada Nanaiah was the managing director of Equifax Credit Information Services Pvt Ltd for over five years until July 2023.
He was responsible for providing leadership and oversight for credit bureaus in India.He has extensive experience, expertise and insight into the financial services sector, particularly in the areas of data, technology and analytics.
Additionally, he serves as a visiting faculty at the College of Supervisors of the Reserve Bank of India. With a deep commitment to microfinance, Kalengada Nania has been honored with awards for her dedication towards promoting workplace diversity.
R. Venkatraman is the co-promoter of IIFL Group and chairman of IIF Securities. He has been making significant contributions in setting up various businesses and leading key initiatives of IIFL Group for the last 2 years.He previously held senior managerial positions in ICICI Limited, including ICICI Securities Limited, J.P. of America. Morgan and an investment banking joint venture with Barclays-BZW was also involved. He also worked in the private equity division of GE Capital Services India Limited.
Commenting on the appointments, Venkatesh N., Managing Director, IIFL Samastha. Said, “G.R. We are happy to have you. Chintala, K.M. Nanaiah, and R. Venkatarama as our esteemed members of the Board of Directors. His wealth of knowledge and insight will be instrumental in driving our ongoing pursuit of innovation that delivers unique value to our customers and realizing our ambitious objectives.The newly appointed members bring a wealth of experience and expertise to the Board, enhancing IIFL Samastha's ability to address challenges and capitalize on emerging opportunities.
Their diverse backgrounds and proven records of success will complement the skills of the existing Board members and contribute to the company's strategic vision and long-term success.
