FIDC and its Managing Committee are pleased to announce that Umesh Revankar has assumed the role of Chairman of FIDC effective from August 23, 2023. Revankar currently serves as the Executive Vice-Chairman of Shriram Finance Ltd. With over three and a half decades of demonstrated leadership experience in the financial services industry, his appointment marks a significant milestone.
Revankar embarked on his career journey with the Shriram Group in 1987, initially joining as an executive trainee. Over the past 35 years, he has maintained a steadfast association with the Shriram Group, assuming various responsibilities and holding pivotal leadership positions within business operations. His invaluable contributions have played a pivotal role in Shriram Transport Finance Co. emerging as India’s largest commercial vehicle financier.
Revankar holds a Master of Business Administration (MBA) in finance from Mangalore University and has further honed his skills by attending an Advanced Management Program at Harvard Business School.
Additionally, Revankar serves as a Director on the boards of Shriram Automall India Ltd., Shriram General Insurance Co Ltd., Shriram Life Insurance Co. Ltd., Shriram Credit Company Ltd., and Shriram Capital Private Limited.
In the near future, Revankar plans to release a Vision Document outlining his strategy for the NBFC Sector and FIDC for the next two years. His vision entails elevating the reputation, influence, and profitability of the NBFC Sector, and he earnestly seeks the support of all stakeholders in achieving this mission.
Furthermore, Kamlesh Gandhi, the CMD of MAS Financial Services Ltd., will continue in his role as Co-Chairman of FIDC. Meanwhile, K V Srinivasan, CEO and WTD of Profectus Capital Pvt. Ltd., has been appointed as the new Co-Chairman of FIDC, bringing his wealth of expertise to the organization’s leadership team.