Indostar Capital Finance Appoints Jayesh Jain As CFO

The Board of Directors of Indostar Capital Finance Limited on March 3, 2025, has approved the appointment of Jayesh Jain as the Chief Financial Officer (CFO) with effect from March 3, 2025. Jain replaced Vinodkumar Madhavan Panicker, who retired on March 3, 2025.

Jain has over 24 years of experience in the Housing Finance and NBFC sector. He is a fellow member of the Institute of Chartered Accountants in India and holds certifications from ISACA, USA on Certified Information System Auditor (CISA) and Certified Information Systems Manager (CISM). In his last role as Group CFO at Balance Hero India (BHI). He was CFO of Hero FinCorp from January 2018 to May 2023. Before joining Hero FinCorp, he served at PNB Housing Finance. He started his career in 2001 with GRUH Finance. He has also received multiple awards/affiliation during his career, which includes, Award for Excellence in Financial Reporting by ICAI for Annual report of FY 2007- 08 and 2010- 11 for GRUH Finance, CFO Dynamic Team Leaders of the Year awarded by CFO Vision & Innovation Summit – 2021, Best CFO in BFSI Sector ET Ascent National Awards – 2022.

The Board announced the appointment of Naina Krishna Murthy as Chairperson. The company noted the expiry of the term of Bobby Parikh as Independent Director and Chairman of the company on March 4, 2025 and appointment of Parikh as Non-Executive Non-Independent Director with effect from March 5, 2025.

Furthermore, the Board noted the resignation of Vibhor Kumar Talreja as Non-Executive Non-Independent Director with effect from March 3, 2025.