Indifi Technologies, India’s leading ecosystem based lending platform for MSMEs, has appointed Mr. P S Jayakumar and Ms. Tabassum Inamdar as independent directors.
Mr. P S Jayakumar brings with him deep expertise in the banking and financial sector with 38 years of work experience. In 2015, Mr P S Jayakumar was selected by the Government of India to serve as the Managing Director and CEO for Bank of Baroda, the first person from the private sector selected to run a large public sector bank.He also held key positions at Citibank across their India and Singapore offices, with his last assignment being the Country Head for the Consumer Banking Group. After his stint at Citibank, he started his entrepreneurial journey in 2008 co-founding Value Budget Housing Company and Home First Finance Ltd. Both of these ventures have contributed to pioneering efforts in building demand and supply for low cost and affordable housing.
Ms. Tabassum Inamdar’s BFSI experience spans more than 25 years, having honed her domain expertise at several leading research houses – at Goldman Sachs where she was Managing Director (co-head, India Research and co-head, Asian financials), UBS Securities as Director (BFSI Research), Kotak Securities and Jardine Fleming. In 2019, she set up Tameel, a research initiative focused on impact strategy research. She currently serves on the board of Franklin Templeton AMC India and Pure Earth Blacksmith Institute, US based non profit organisation, and has previously been on the board of Equitas Small Finance Bank and Zipsure – a new general insurance start-up.
Commenting on the appointment, Mr. Jayakumar shared, “I am elated to join Indifi’s mission of unlocking access to timely and customised credit for micro SMEs who are often overlooked by traditional underwriting mechanisms. As an entrepreneur myself, I find strong synergies with Alok & Siddharth’s vision of leveraging technology to enable financial inclusion. With Indifi, I look forward to playing a part in propelling India’s MSME success story being written at the intersection of technology and finance”
Commenting on the appointment, Ms Inamdar added, “Having spent the last few years looking into the nuances of the impact space, I have a greater appreciation for the urgency of financial inclusion for MSMEs in India. I am excited to join hands with the Indifi team in their journey of empowering Indian MSMEs whose credit needs remain deeply underserved. MSMEs play a significant role in accelerating economic growth in emerging markets like India and together with Indifi, I look forward to playing a part in unlocking their true potential.”
Alok Mittal, CEO & Co-Founder, Indifi Technologies, said, “At Indifi, we have been committed to not just drive efficient disbursals but also the financial inclusion of the underserved and credit starved MSME landscape in India. Through our ecosystem based approach to lending, we have been successful to enable access to underserved MSMEs by tapping into technology and data innovation. We are delighted to have Mr. Jayakumar and Ms. Inamdar join this endeavour. Having worked extensively both on the financing and inclusion front, we are certain their insights and expertise will strengthen our mission manifold.”