Umesh Revankar has been named as the new Chairman of the Finance Industry Development Council (FIDC), the organization that represents NBFCs in India that provide asset and loan finance. Revankar was chosen by the managing committee in a meeting that was called in Mumbai. With decades of experience and knowledge in the financial services sector, he currently serves as Executive Vice Chairman for Shriram Finance Ltd.
The newly elected Chairman of FIDC, Umesh Revankar, expressed his appreciation and excitement for the chance. He said, “It’s a privilege to take on the position of Chairman at FIDC, an agency that is essential in determining the financial services environment in our nation. During my tenure, I’m looking forward to collaborating with members and the community and helping the industry advance. I strongly identify with FIDC’s dedication to encouraging innovation and collaboration.
Revankar has had a long career in the financial services sector spanning over three and a half decades. Since joining the Shriram Group in 1987 as an executive trainee, he has progressed through the ranks, taking on varied duties and significant leadership positions in company operations. He was crucial in making Shriram Transport Finance Co. the biggest financier of commercial vehicles in India during his time there. He has an Advanced Management Program degree from Harvard Business School and a Master of Business Administration (MBA) in finance from Mangalore University.
The Shriram Group’s Shriram Automall India Ltd., Shriram General Insurance Co. Ltd., and Shriram Life Insurance Co. Ltd. are among the organizations for which Revankar serves as a director in addition to his contributions to Shriram Finance Ltd.
Revankar is now prepared to guide the organization into a new age of growth and innovation following his election as Chairman of FIDC. He will take over as chairman for a two-year term beginning on August 23, 2023, and he will bring a clear vision and extensive knowledge of the financial services industry to the position. Revankar’s creative leadership has put FIDC in a position to drive the company’s expansion and encourage innovation.
The fact that Kamlesh Gandhi, CMD of MAS Financial Services Ltd., and K V Srinivasan, C E O and WTD, Profectus Capital Pvt. Ltd. will serve as the Co-chairmen of FIDC will further reinforce Revankar’s position.
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