Categories: BUSINESS

IndoStar announces the appointment of R Narayanan as Chairman

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IndoStar Home Finance, a wholly owned subsidiary of Indostar Capital Finance, announces the appointment of Ravi Narayanan as Non-Executive Independent Chairman.

IndoStar Housing Finance Pvt Ltd (IHFPL) started its journey in affordable housing finance in September 2017. Over the last four years, the company has established its presence in all the major states across India, through its branches and a strong distribution network.

Narayanan superannuated from ICICI Bank and at that time was leading the Retail Secured Assets Business for the bank. He has over 35 years of expertise across various functions of Retail Banking and Auto Finance, with extensive experience in Housing Finance. As the Non-Executive Chairman, he will be responsible for mentoring and guiding IndoStar Home Finance in creating value for all stakeholders

Commenting on Narayanan’s appointment, Deputy CEO of Indostar Home Finance Shreejit Menon, said, “We are privileged to have Ravi join our Board as the Non-Executive Chairman and look forward to his guidance in helping the Indostar Home Finance management team steer the company’s long-term growth.”

Commenting upon his new role, MNarayanan remarked “The housing finance sector has been growing at steady pace and is poised for exponential growth in coming years. With its extensive network, favorable risk reward framework and robust corporate governance practices, IndoStar Home Finance has tremendous potential for sustained growth. It is an exciting opportunity to contribute to the growth of the Company, as well as the sector, and I look forward to it.”