IndoStar Capital Finance Limited Company Profile: Products, Promoter and Clients
IndoStar Capital Finance Limited Company Description:
Incorporated in July 2009, IndoStar Capital Finance Limited (ICFL) is registered with the Reserve Bank of India (RBI) as a systemically-important non-deposit taking Non-Banking Financial Company (NBFC). IndoStar is primarily engaged in providing various financial services across multiple sectors.
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Q1. What are the Product and service offerings of the company?
· Vehicle Finance:
- Commercial Vehicle (CV) Loans
- Construction Equipment Loans
- Tractor Loans
- Two-wheeler Loans
· SME Finance:
- Offering financial solutions tailored to Small and Medium Enterprises (SMEs).
· Home Finance:
- Providing housing loans and related financial products.
Q2. Who are the Promoters/Management of the company?
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The management team of ICFL is led by Karthikeyan Srinivasan, the Chief Executive Officer (CEO), who has over 25 years of experience in retail sales, client servicing, and credit/portfolio management within the BFSI sector. The Chief Financial Officer (CFO), Vinodkumar Panicker, brings over 35 years of experience in banking and financial services.
The promoters include large global private equity players like Brookfield, which holds a significant stake in the company. Other key shareholders include the Everstone Group and various domestic and foreign institutional investors.
Q3. Who are the Clients of the company?
IndoStar Capital Finance Limited serves a diverse clientele across India. The company's extensive network includes 515 branches spread over 23 states, ensuring a broad reach to both urban and rural customers. Key states with significant branch presence include Uttar Pradesh, Rajasthan, Gujarat, Maharashtra, Tamil Nadu, and Andhra Pradesh.
Written By:Khush Kothari
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