IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors.
This strategic move reflects the company’s commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector.
Commenting on his appointment Dr. Govinda Rajulu Chintala said, “I am glad to join this exceptional team as we celebrate our company’s impressive financial year results. Looking forward to contributing to our continued success.”
Commenting on his appointment Mr. Kalengada Mandanna Nanaiah said, “I had the opportunity to work with microfinance Industry during my tenure as CEO of Equifax India and I understand the needs and challenges of the industry. I am pleased to be joining the board of a rapidly growing organization like IIFL Samasta and looking forward to, being able to contribute to the strategic vision and development of IIFL Samasta in the coming years.”
Commenting on the appointments Mr. Venkatesh. N, Managing Director of IIFL Samasta said, “We are delighted to have Dr. G. R. Chintala, Mr. KM Nanaiah, Mr. Nihar N Jambusaria and Mr. R. Venkataraman, as our esteemed members of the board of directors. Their wealth of knowledge and insights will be instrumental in propelling our ongoing pursuit of innovation, delivering unparalleled value to our customers, and realizing our ambitious objectives.”
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