The representative body of asset and loan financing of the NBFCs in India, Finance Industry Development Council (FIDC) has appointed Umesh Revankar as its new Chairman.
Revankar assumes Chairmanship for a 2-year Term Commencing August, 23.
The managing committee elected Revankar unanimously in a meeting convened in Mumbai.
He currently holds the position of Executive Vice Chairman for Shriram Finance Ltd., and brings with him decades of experience and expertise in the financial services industry.
Umesh Revankar, the newly elected Chairman of FIDC, expressed his gratitude and enthusiasm for the opportunity.
“It’s an honor to assume the role of Chairman at FIDC, an organization that plays a crucial role in shaping the financial services landscape of our country. I look forward to partnering with members and the community and contribute to the industry’s growth and development during my tenure. FIDC’s commitment to fostering collaboration and innovation is something I deeply resonate with,” he said.
Umesh Revankar joined Shriram Group in 1987 as an executive trainee. He has risen through the ranks, assuming various responsibilities and key leadership roles in business operations.
During his tenure, he played a pivotal role in making Shriram Transport Finance Co. the largest commercial vehicle financer in India.
In addition to his contributions to Shriram Finance Ltd., Mr. Revankar serves as a Director for several companies within the Shriram Group, including Shriram Automall India Ltd., Shriram General Insurance Co. Ltd., and Shriram Life Insurance Co. Ltd.
FIDC in a press note also mentioned that Kamlesh Gandhi, CMD of MAS Financial Services Ltd., and K V Srinivasan, C E O and WTD, Profectus Capital Pvt. Ltd. will act as the Co-chairmen of FIDC.
