IndoStar Home Finance, a wholly owned subsidiary of Indostar Capital Finance, has appointed Ravi Narayanan as non-executive independent chairman.
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, Narayanan will be responsible for mentoring and guiding IndoStar Home Finance in creating value for all stakeholders
“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,” said Shreejit Menon, deputy CEO of Indostar Home Finance.
“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,” said Narayanan on his new role.