Summary:

IIFL Samasta Finance, an NBFC-MFI, has recently added three prominent members to its Board of Directors. The new appointments, including former NABARD Chairman Govinda Rajulu Chintala, signify the company’s commitment to bolstering its governance structure and fostering growth and innovation in the microfinance sector.

Table of Contents

Appointment Details

IIFL Samasta Finance, a leading non-banking microfinance company, announced the addition of three distinguished members to its Board of Directors. The new board members are:

  • Former NABARD Chairman, Govinda Rajulu Chintala
  • R Venkataraman, co-promoter of IIFL Group
  • Kalengada Mandanna Nanaiah, former Managing Director of Equifax Credit Information Services

Focus on Governance

The strategic decision to enhance the board with seasoned professionals underscores IIFL Samasta Finance’s emphasis on robust governance practices. Venkataraman assumes the role of Additional Director (non-executive), while Chintala and Nanaiah join as Additional Directors, adding independent perspectives to the board.

Board Expansion

With the inclusion of these three new members, the Board of IIFL Samasta Finance now comprises six experts from diverse backgrounds, poised to guide the company’s strategic direction and growth initiatives.

Leadership Comments

In response to the recent appointments, Venkatesh. N, Managing Director of IIFL Samasta Finance, expressed his excitement, stating, “We are thrilled to welcome G. R. Chintala, KM Nanaiah, and R. Venkataraman to our esteemed Board of Directors. Their extensive experience and valuable perspectives will play a vital role in driving our commitment to innovation, customer value, and ambitious goals.”

Published on April 25, 2024

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Note: Brand mentions and author details have been removed for unbiased presentation.