IIFL SAMASTA FINANCE LIMITED - Key Persons

Job Titles:

• Chief Financial Officer

Job Titles:

• Chief Financial Officer

Anantha Kumar is the Chief Financial Officer at IIFL Samasta. In this role, he is responsible for overall budgeting, reviewing and managing operational expenses, and monitoring payroll. Anantha joined IIFL Samasta in May 2016 and has over 11 years of experience across industries such as financial services, steel, garments and IT. His expertise lies in audit, strategy, accounts & finance, treasury, and tax Read More Before joining IIFL Samasta, Anantha was a Senior Consultant at GBA Consulting Services, where he managed assignments in India as well as globally. Anantha is a Chartered Accountant and Company Secretary. Before joining IIFL Samasta, Anantha was a Senior Consultant at GBA Consulting Services, where he managed assignments in India as well as globally. Anantha is a Chartered Accountant and Company Secretary.

Job Titles:

• Head of Business HR

Ashok Kumar Gopalasamy is the Head of Business HR at IIFL Samasta. He brings about 18 years of professional experience, with a significant emphasis of over 14 years of experience in the BFSI sector. His expertise spans across HR functions, including Talent Acquisition, Business Partnering, HR digital transformation, Performance Management and Centre of Excellence development.Read More Before joining IIFL Samasta, Ashok held the position of Head of Human Resources at BSS Microfinance. In this role, he led Talent Acquisition efforts and oversaw HR functions for MFL, Two-wheeler, Digital Lending, and Retail Business across India. Prior to his tenure at BSS Microfinance, he had notable stints at Kotak Mahindra Bank and Poonawalla Fincorp. Ashok holds a Masters degree in Computer Applications.

Badri Seshadri co-founded Cricinfo.com, a cricket information portal, which is now owned by ESPN. He is an alumnus of IIT Chennai and has a Ph.D in Mechanical Engineering from Cornell University. His latest venture is New Horizon Media that focuses on publishing in Indian languages.

Job Titles:

• Independent Director

Badri Seshadri co-founded Cricinfo.com, a cricket information portal, which is now owned by ESPN. He is an alumnus of IIT Chennai and has a Ph.D in Mechanical Engineering from Cornell University. His latest venture is New Horizon Media that focuses on publishing in Indian languages.

Job Titles:

• Chief Information Security Officer

Gunasekaran Loganathan is the Chief Information Security Officer at IIFL Samasta. In this role, he is responsible for managing data security initiatives, early detection and communication of potential security threats, preventive measures and security roadmaps to ensure efficient risk-free business operations.Read More He is a skilled professional and holds diverse and ample experience of 20 years in IT Infrastructure and Information security. He holds the Bachelor of Engineering from Madras University and has completed the Cyber forensics and Information security at Madras University, Tamilnadu.He is a skilled professional and holds diverse and ample experience of 20 years in IT Infrastructure and Information security. He holds the Bachelor of Engineering from Madras University and has completed the Cyber forensics and Information security at Madras University, Tamilnadu.

Job Titles:

• Independent Director
• Member of Corporate Social Responsibility Committee
• Development Specialist and Strategy Consultant

Malini has been a Development Specialist and Strategy Consultant for over two decades and has significant experience of working for the marginalized and drawing them into policy across several developmental themes. She has been part of bilateral agencies and government Boards at the state, national and international levels in areas such as economic empowerment, health and donor relations.

Job Titles:

• Chief People Officer
• Member of Corporate Social Responsibility Committee

The role of CSR committee includes the following: 1. Formulating and recommending to the Board, an annual action plan in pursuance of its CSR Policy. 2. Monitoring the list of CSR projects or programmes that are approved to be undertaken in areas or subjects specified in Schedule VII of the Act. 3. Planning the manner of execution of such projects or programmes as specified in the Companies Act 2013. 4. Reviewing the modalities of utilisation of funds and implementation schedules for the projects or programmes. 5. Monitoring and reporting mechanism for the projects or programmes. 6. Any other matter as prescribed by the Companies Act 2013 or any other statutory or regulatory body or as may be delegated by Board to the committee from time to time.

Job Titles:

• Independent Director
• Member of the Audit Committee
• Member of the Risk Management Committee

The role of IT Strategy committee includes the following, 1. Reviewing the results of and progress in implementation of the decisions made in the previous meetings. 2. Review and amend IT Strategies in line with corporate strategies, Board policy reviews, cyber security arrangements and matters related to IT governance. 3. Ascertaining that management has implemented processes and practices that ensure that the IT delivers value to the business 4. Information Security updates 5. Review of Information Security Audit report 6. Information Security Risk Assessment 7. Any other matter as prescribed by RBI or any other statutory or regulatory body or as may be delegated by Board to the committee from time to time. The role of the committee shall, inter alia, include the following: 1. To formulate a detailed risk management policy which shall include: a. A framework for identification of internal and external risks specifically faced by the listed entity, in particular including financial, operational, sectoral, sustainability (particularly, ESG related risks), information, cyber security risks or any other risk as may be determined by the Committee. b. Measures for risk mitigation including systems and processes for internal control of identified risks. c. Business continuity plan. 2. To ensure that appropriate methodology, processes and systems are in place to monitor and evaluate risks associated with the business of the Company. 3. To monitor and oversee implementation of the risk management policy, including evaluating the adequacy of risk management systems. 4. Risk Management Committee of the Board shall oversee the integration of all Enterprise wide risks. 5. Risk Management Committee of the Board (RMCB) shall monitor the risk framework and promote effective management of all risk categories, and foster the establishment and maintenance of an effective risk culture throughout the Company. 6. Ensure establishment of risk appetite for the Company. 7. To periodically review the risk management policy, at least once in two years, including by considering the changing industry dynamics and evolving complexity. 8. To keep the board of directors informed about the nature and content of its discussions, recommendations and actions to be taken. 9. The appointment, removal and terms of remuneration of the Chief Risk Officer (if any) shall be subject to review by the Risk Management Committee. The Risk Management Committee shall coordinate its activities with other committees, in instances where there is any overlap with activities of such committees, as per the framework laid down by the board of directors.

Job Titles:

• Chief Operating Officer
• Chief Operations Officer
• Chief Operations Officer for IIFL Samasta 's Micro Finance

Mr. Gaurav Kumar is the Chief Operations Officer for IIFL Samasta's Micro Finance business. He has over 20 years of work experience, primarily in Banking, financial services, and Micro finance business. His last assignment was as Chief Business Officer at RBL Finserve Ltd at Mumbai.Gaurav has experience working for reputable companies like ICICI Bank and Reliance Money Ltd. He later moved to Dubai to work for RAK Bank (National Bank of Ras Al Khaimah).Read More He served there for 4 years and returned to India and joined BFIL as Head of Cross Sell. He sees Micro Finance as a business and a social cause as well, and hence the industry turned into his passion. He has a deep commitment to the principles that this sector maintains and values. and appreciates government's and RBI's recent efforts to stabilise the space and advance governance. Gaurav holds a bachelor's degree in commerce and has completed MDPs at IIM Indore and Ahmedabad.

Job Titles:

• Chief Risk Officer
• Chief Risk Officer ( CRO )

The role of the ALCO would be to analyze, monitor, review and discuss the risk profile of the company. Terms of Reference of Asset Liability Management Committee (ALCO) includes the following: 1. Liquidity risk management 2. Management of market risks 3. Funding and capital planning 4. Interest Rates and Capital Adequacy scenario 5. Forecasting and analyzing ‘What if scenario' & and preparation of contingency plans Asset Liability Mismatch 6. Profit planning and growth projection 7. Inter corporate deposits/loans between group companies and their transfer pricing mechanism The ALCO shall also discuss the impact of various changes in the market conditions on the balance sheet and actions for implementation. The recommendations of the ALCO shall be placed at the Board Level ALCO periodically. The committee shall discuss on the following aspects: Bond market update, Analysis of Cost of funds, BenchMark Rates - MCLR, With reference to market update - Repo, Reverse Repo, CRR, SLR and Bank Rate (MCLR). Borrowing Profile. Rating. Capital requirement. and other connected manners. Mr. Manish Agrawal is the Chief Risk Officer (CRO) at IIFL Samasta. He comes with almost 2 decades of corporate experience ranging over diverse fields of Risk Management, Credit Rating, Treasury, Structured Finance, Strategy & Planning and Risk analytics. In his past assignment, he was instrumental in establishing Risk management framework & Governance structure in a newly established Bank.Read More Prior to joining IIFL Samasta, he was with Utkarsh Small Finance Bank as Head Credit Risk & Market Risk. He has also worked with ICICI Bank, Bharat Financial Inclusion Limited, CARE Ratings and Protiviti Consulting. He has also spent 5 years in Middle East in Warba Bank. Mr. Manish is an MBA and holds a Bachelor degree in Commerce.

Job Titles:

• Chief Business Officer

Mr. Manoj Pasangha is IIFL Samasta's Chief Business Officer. He has over 28 years of multi-industry work experience ranging from the Australian News Corp to Ansett Airlines. He was serving as the Executive Vice President & COO - SZ of Bharat Financial Inclusion Ltd, which is India's largest and first public listed MFI. He had also promoted his own hospitality business at Australia.Read More He was an associate of Standard Chartered Bank after returning to India. Post this, at ING Life India he was spearheading many novel urban concepts and significant rural initiatives in the Alternate Channel Business as Vice President. Mr. Pasangha has also served as the Vice Chairman of AKMI (Association of Microfinance Institutions in Karnataka). Manoj has Bachelors in Commerce and a Post-Graduation in Business Accountancy, Hospitality Management, Public Relations, Publicity and Promotions from Australia.

Job Titles:

• Chief Compliance Officer
• Company Secretary
• Compliance Officer

Mr.Manoranjan Biswal is the Company Secretary and Chief Compliance Officer of IIFL Samasta. He is a qualified member of the Institute of Company Secretaries of India (ICSI), a Law Graduate and a Graduate in Commerce. He has more than 8 years of experience in the field of Secretarial, Compliance, Listing, Debt issuance, Legal, managing the compliances pertaining to Capital Infusion and coordination with Regulatory authorities.Read More Prior to joining IIFL Samasta, he was associated with Maanaveeya which is an Indian subsidiary of Oikocredit, Capfloat and Steel City Securities. Mr. Manoranjan Biswal joined IIFL Samasta in June 2021.

Job Titles:

• Head - Treasury

Job Titles:

• Independent Director
• Member of the Risk Management Committee

The role of the committee shall include the following:</strong > 1. Resolving the grievances of the security holders of the listed entity including complaints related to transfer/transmission of shares, non-receipt of annual report, non-receipt of declared dividends, issue of new/duplicate certificates, general meetings etc. 2. Review of measures taken for effective exercise of voting rights by shareholders. 3. Review of adherence to the service standards adopted by the listed entity in respect of various services being rendered by the Registrar & Share Transfer Agent. 4. Review of the various measures and initiatives taken by the listed entity for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company. Ramanathan was the Chief General Manager in the Micro Credit Innovations Department of NABARD and has extensive experience in development banking in the agriculture and rural sectors. He managed the SHG Bank Linkage programme, the largest microfinance programme in the world. As In-charge of the Financial Inclusion department, he has managed Financial Inclusion Fund and Financial Inclusion Technology Fund.

Job Titles:

• Chief Information Officer
• Member of Corporate Social Responsibility Committee
• Member of the Audit Committee
• Member of the Risk Management Committee
• Whole - Time Director

A. The role of the audit committee shall include the following: 1. Oversight of the Company's financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible. 2. Recommendation for appointment, remuneration and terms of appointment of auditors of the Company. 3. Approval of payment to statutory auditors for any other services rendered by the statutory auditors. 4. Reviewing, with the management, the annual financial statements, and auditor's report thereon before submission to the board for approval, with particular reference to: (a) matters required to be included in the director's responsibility statement to be included in the board's report in terms of clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013. (b) changes, if any, in accounting policies and practices and reasons for the same. (c) major accounting entries involving estimates based on the exercise of judgment by management. (d) significant adjustments made in the financial statements arising out of audit findings. (e) compliance with listing and other legal. requirements relating to financial statements. (f) disclosure of any related party transactions. (g) modified opinion(s) in the draft audit report. 5. Reviewing, with the management, the quarterly financial statements before submission to the Board for approval. 6. Reviewing, with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document / prospectus / notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue, and making appropriate recommendations to the board to take up steps in this matter. 7. Reviewing and monitoring the auditor's independence and performance, and effectiveness of audit process. 8. Approval or any subsequent modification of transactions of the listed entity with related parties. 9. Scrutiny of inter-corporate loans and investments. 10. Valuation of undertakings or assets of the listed entity, wherever it is necessary. 11. Evaluation of internal financial controls and risk management systems. 12. Reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems. 13. Reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit. 14. Discussion with internal auditors of any significant findings and follow up there on. 15. Reviewing the findings of any internal nvestigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board. 16. Discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern. 17. To look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors. 18. To review the functioning of the whistle blower mechanism. 19. Approval of appointment of chief financial officer after assessing the qualifications, experience and background, etc. of the candidate. 20. Carrying out any other function as is mentioned in the terms of reference of the audit committee. 21. Reviewing the utilization of loans and/ or advances from/investment by the holding company in the subsidiary exceeding rupees 100 crore or 10% of the asset size of the subsidiary, whichever is lower including existing loans / advances / investments existing as on the date of coming into force of this provision. 22. Consider and comment on rationale, cost-benefits and impact of schemes involving merger, demerger, amalgamation etc., of the company and its shareholders. B. Reviewing the following information: 1. Management discussion and analysis of financial condition and results of operations. 2. Statement of significant related party transactions (as defined by the audit committee), submitted by management. 3. Management letters / letters of internal control weaknesses issued by the statutory auditors. 4. Internal audit reports relating to internal control weaknesses. 5. The appointment, removal and terms of remuneration of the internal auditor shall be subject to review by the audit committee. The role of Issue and Allotment Committee are as follows, 1. To approve Issuance and Allotment of Securities and related documents required for issue and allotment of securities. 2. Such other powers as may be delegated by the Board from time to time. Shivaprakash co-founded IIFL Samasta in 2008. He leads IIFL Samasta's technology-led initiatives which includes the setting of comprehensive IT infrastructure to facilitate smooth operations. He also oversees Operations to ensure seamless execution of business strategies. Shivaprakash has over two decades of experience spanning the software and financial services industries. Before co-founding IIFL Samasta, he managed global technology projects for Wipro. Read More He holds a Bachelor's degree in Computer Science & Engineering from PSG College of Technology and a Diploma in Microfinance from the Indian Institute of Banking & Finance.

Job Titles:

• Chief Financial Officer

Job Titles:

• Independent Director
• Member of the Audit Committee

Terms of Reference of Nomination & Remuneration Committee are as below: (1). Formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel and other employees. 1A. For every appointment of an independent director, the Nomination and Remuneration Committee shall evaluate the balance of skills, knowledge and experience on the Board and on the basis of such evaluation, prepare a description of the role and capabilities required of an independent director. The person recommended to the Board for appointment as an Independent director shall have the capabilities identified in such description. For the purpose of identifying suitable candidates, the Committee may: a. use the services of an external agencies, if required. b. consider candidates from a wide range of backgrounds, having due regard to diversity. c. consider the time commitments of the candidates. (2) Formulation of criteria for evaluation of performance of independent directors and the board of directors. (3) Devising a policy on diversity of board of directors. (4) Identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the board of directors their appointment and removal. (5) Whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors. (6) Recommend to the board, all remuneration, in whatever form, payable to senior management. A former Chief General Manager of SIDBI Foundation for Micro Credit, Vikraman has extensive experience in the Microfinance sector. In his experience spanning 38 years, he was with Reserve Bank of India for 5 years, IDBI for 16 years and SIDBI for 17 years. He is also on the board of other microfinance and financial corporations.

Job Titles:

• Head of Corporate HR & CSR

Ravi Shah is the Head of Corporate HR & CSR at IIFL Samasta. He has joined with over 16 Years of experience in the areas of People Practices, HR Business Partnering and Strategic HR Management, impacting through several initiatives around people management, culture & capability building, productivity, amongst others.Read More In this role, he is responsible for Organization Development, Compensation & Benefits, Employee Engagement, HR Technology, Talent Acquisition & Business Partnering for corporate and support functions, Employer Branding & Communications, HR Operations and Corporate Social Responsibility for the Organization. Prior to joining IIFL Samasta, Ravi has been associated with IndusInd Bank, Yes Bank & Ocwen Financial Solutions. He has also been associated with IIFL Finance Ltd. for a period of four years where in he was heading People Practices and HR Strategy along with Compensation & Benefits, HR Operations, Audit & Analytics as a CoE for the IIFL Group companies. Ravi is an MBA specializing in Human Resources in addition to a Bachelors degree in Statistics.