FIDC and its Board of Directors are glad to inform you that Mr. Shachindra Nath has joined the Board of FIDC.

Mr. Nath took on the role of an entrepreneur by acquiring control of a listed NBFC called Chokhani Securities Limited in 2018 and is now the Vice Chairman & Managing Director of U GRO Capital, a tech enabled small business lending platform. Over last 5 years he has successfully built UGRO as a leading DataTech driven small business lending NBFC with approximately Rs. 7500 Crores of lending book. Prior to embarking on his entrepreneurial journey at U GRO Capital, Mr. Nath has been influential in setting up Insurance Companies, Global Asset Management Businesses, Capital Market and Lending Institutions. Throughout his illustrious career, he has been instrumental in building two insurance companies, a large asset management company and an NBFC. Some of his biggest achievements include establishing new business verticals alongside foraying successful joint ventures and partnerships for the group. He is a qualified lawyer and a University Rank Holder from the Banaras Hindu University (India).

Mr. Nath commented on his appointment on the Board of FIDC “NBFCs are playing a critical role in the nation building and are key to providing credit to the underserved and unserved customers. FIDC, an apex body fully committed to the disciplined growth of NBFCs and its upskilling, FIDC is focused and concentrated in representing NBFC sector andhas been at forefront in collaborating with regulators, guiding its members on self-governance and being the bridge of voice between regulators and industry on both sides. The lines between NBFC, Fintech and Digital Lenders are getting blurred with every passing day – it would be my endeavor to represent the voice of medium size NBFC and also support FIDC Board’s aspiration to be more broad-base and inclusive. I thank my fellow-Directors for giving me the opportunity to serve the industry through its platform.”

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Mr. Umesh Revankar, the newly elected Chairman of FIDC, expressed his gratitude and enthusiasm for the opportunity. He stated, “It’s an honor to assume the role of Chairman at FIDC, an organization that plays a crucial role in shaping the financial services landscape of our country. I look forward to partnering with members and the community and contribute to the industry’s growth and development during my tenure. FIDC’s commitment to fostering collaboration and innovation is something I deeply resonate with.”

With an illustrious career spanning over three and a half decades, Mr. Revankar has a distinguished career in the financial services industry. Joining as an executive trainee with Shriram Group in 1987, he has risen through the ranks, assuming various responsibilities and key leadership roles in business operations. During his tenure, he played a pivotal role in making Shriram Transport Finance Co. the largest commercial vehicle financer in India. He holds a Master of Business Administration (MBA) in finance from Mangalore University and has also attended an Advanced Management Program at Harvard Business School.

In addition to his contributions to Shriram Finance Ltd., Mr. Revankar serves as a Director for several companies within the Shriram Group, including Shriram Automall India Ltd., Shriram General Insurance Co. Ltd., and Shriram Life Insurance Co. Ltd.

Now, with his election as Chairman of FIDC, Mr. Revankar is poised to lead the organization into a new era of growth and innovation. Assuming the chairmanship for a two-year term commencing on 23rd August, 2023, he brings a strong vision and a deep understanding of the financial services landscape to the role. Under the dynamic leadership of Mr. Revankar, FIDC is poised to spearhead growth and foster innovation within the organization.

Further, to strengthen Mr. Revankar’s hands, Mr. Kamlesh Gandhi, CMD of MAS Financial Services Ltd., and Mr. K V Srinivasan, C E O and WTD, Profectus Capital Pvt. Ltd. will act as the Co-chairmen of FIDC.

About FIDC:
Finance Industry Development Council (FIDC) is a Self-Regulatory Organization (SRO) cum Representative Body of the Non-Banking Finance Companies (NBFCs), registered with the Reserve Bank of India. FIDC was formed in 2004, and is the recognized face of NBFCs, especially those engaged in Assets and Loan financing. We have been engaged in regular interactions both with Reserve Bank of India and Govt. of India, which include pre-budget meetings and important policy related meetings with RBI. Almost all the leading NBFCs and many small and medium sized NBFCs are our members. Headquartered in Mumbai, FIDC is run by the strong Members of the Managing Committee comprising of the most active NBFC heads and the Director General Mr. MAHESH THAKKAR. FIDC has regional chapters and affiliated associations all over India.

The post FIDC Announces Appointment of Mr. Umesh Revankar as New Chairman Assumes Chairmanship for a 2-year Term Commencing 23rd August, 2023 appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.