Board of Directors

S. Lakshminarayanan (Chairman)

Mr. Lakshminarayanan Subramanian is a non-executive Director on our Board. He holds master’s degree in Science in Chemistry and post graduate diploma from University of Manchester (U.K.) in Advanced Social & Economic Studies. Mr. Lakshminarayanan is a member of the Indian Administrative Service (IAS-retired) and as such held several senior positions in the Ministry of Home Affairs, Ministry of Communications and Information Technology, Ministry of Information and Broadcasting of the Government of India and in the Department of Tourism, Culture and Public Relations, Department of Mines, Mineral Resources, Revenue and Relief and Rehabilitation of the Government of Madhya Pradesh.

Umesh Govind Revankar (Managing Director & CEO)

Mr. Umesh Govind Revankar holds a bachelor’s degree in business management from Mangalore University and a master of business administration (MBA) in finance. He attended the Advanced Management Program at Harvard Business School. Mr. Revankar started his career with the Shriram group as an executive trainee in 1987. He has been associated with the Shriram group for the last 28 years and has extensive experience in the financial services industry. During his stint with the Shriram Group, he has shouldered various responsibilities and worked in several key roles of business operations.

Sumatiprasad M.Bafna

Mr. Sumati Prasad Mishrilal Bafna is a non-executive Director on our Board. He is a science graduate from Bombay and began his career in the year 1984. Mr. Sumati Prasad Mishrilal Bafna has over 25 years of experience in the automobile industry. He thereafter started independent dealership of Tata Motors at Ratnagiri, Maharashtra in the year 1995 and Mumbai dealership in the year 2001. His company has been one of the leading dealers for Tata Motors Limited. He also holds dealerships of vehicles manufactured by Honda, Hyundai and Maruti Udyog Limited. Mr. Bafna has over 28 years of experience in the automobile industry.

Puneet Bhatia

Mr. Puneet Bhatia is Managing Director and Country Head for TPG Capital India. Prior to joining TPG in April 2002, Puneet was Chief Executive, Private Equity Group for GE Capital India (“GE Capital”), where he was responsible for conceptualizing and creating its direct and strategic private equity investment group. As Chief Executive, he created and handled a portfolio of almost a dozen companies such as TCS, Patni Computers, Birla Soft, Sierra Atlantic, iGate, Indus Software and Rediff. He was also responsible for consummating some of GE Capital’s joint ventures in India. Prior to this, Puneet was with ICICI Limited from 1990 to 1995 in the Project and Corporate Finance group and worked as Senior Analyst with Crosby Securities from 1995 to 1996. Puneet was born, grew up in and is based in India, has created six transactions in India with TPG with Matrix Laboratories, Vishal Retail and invested over $500 million in the Shriram group in four of the group companies including Shriram Transport Finance. He has a B.Com Honours degree from the Sriram College of Commerce, Delhi and an M.B.A. from the Indian Institute of Management, Calcutta.

Amitabh Chaudhry

Mr. Amitabh Chaudhry holds MBA degree from IIM, Ahmedabad and B. Tech (Electrical & Electronics) from BIT, Pilani. Mr. Chaudhry has 23 years’ of experience in different capacities with leading Indian Financial Services Group, Technologies Service Company and International Banks. Mr. Chaudhry is the Managing Director and CEO of HDFC Standard Life Insurance Company Limited. He also holds directorship in HDFC Life Pension Fund Pvt. Ltd and Manipal Universal Learning Private Ltd. and Manipal Education Americas, LLC as Manager.

Kishori Udeshi

Mrs. Kishori Udeshi has an M.A. Degree in Economics from Bombay University. She moved on to a professional career in central banking and became the first woman to be appointed as Deputy Governor of the Reserve Bank of India. She was the first Executive Director of the RBI to be nominated on the Board of State Bank of India. As Deputy Governor, one of her portfolios was the regulation and supervision of the banking and non-banking sector. She represented the RBI on the Core Principles Liaison Group and the Core Principles Working Group on Capital, of the Basle Committee on Banking Supervision, set up by the Bank for International Settlements, Switzerland. As Deputy Governor she was on the Board of SEBI, NABARD, Exim Bank and was the Chairman of Bharatiya Reserve Bank Note Mudran (Pvt.) Ltd., Bangalore as also Chairman of the Deposit Insurance and Credit Guarantee Corporation .In 2006 the Reserve Bank of India appointed her as Chairman of The Banking Codes and Standards Board of India. She demitted this office in December 2011. She is the nominee of the Government of Maharashtra on the Board of the Indian Red Cross Society, Mumbai. She has been appointed by the Government of India as a Member of the Financial Sector Legislative Reforms Commission chaired by Justice ShriKrishna.

Gerrit Lodewyk Van Heerde

Mr. Gerrit Lodewyk Van Heerde holds a Bachelor's degree in Commerce from the University of the North West and a Honors degree in Actuarial Science from the University of Stellenbosch in South Africa. He is a Fellow of the Institute and Faculty of Actuaries in the United Kingdom as well as a Fellow of the Actuarial Society of South Africa.

Mr. Gerrit Lodewyk Van Heerde is the Chief Financial Officer of Sanlam Emerging Markets and has 22 years of experience in the financial services industry and has during that time held various positions at the Sanlam Group.


Mr. S. Sridhar, aged 63 years, is an Independent Director of the Company. He studied at the Indian Institute of Technology, Delhi and Jamnalal Bajaj Institute of Management Studies, Mumbai. He was awarded the Lord Aldington Banking Research Fellowship for the year 1984 by the Indian Institute of Bankers. He has received many awards / honours, particularly for his innovative business models and intuition building.

He was Chairman and Managing Director of Central Bank of India until May 31, 2011 and earlier of National Housing Bank, India’s regulator of Housing Finance Companies and the apex Financial Institution for housing. He is a banker with about 40 years experience in commercial and development banking of which 13 years were at the CEO / Board level. He is widely acknowledged to be an innovative, market oriented banker and strategic thinker having provided transformational leadership to the organisations he had worked for. He was a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.

Mr. Sridhar started his career with State Bank of India, India’s largest commercial Bank. He also worked as Executive Director and Chief Operating Officer of Export Import Bank of India, India’s apex export financing institution between 2001 and 2006.

Currently, he serves as an Independent Director on the Boards of various companies, and also as a consultant to financial services companies.

Mr. Sridhar has served in various national level committees and task forces for framing financial sector policies. He was on the Managing Committee of the Indian Banks’ Association, served on the Emerging Markets Council of the Institute of International Finance, Washington DC. He has been an invited speaker at numerous national and international Conferences including Chatham House Lectures.

D.V. Ravi

Mr. D V Ravi is a commerce graduate from the University of Bangalore and holds a Post Graduate Diploma in Management from the Institute of Rural Management, Anand (IRMA). He currently serves as the Managing Director of Shriram Capital Ltd. He also serves the Board of various companies under the Group. Over time, his portfolio grew to include key areas of Corporate Strategy and services, Corporate Finance, Information Technology and Process activities of the Group.

He is also the Non-Executive Director and Co-founder of TAKE Solutions Ltd., a global technology solutions and service provider.

Mr. Ravi has also spearheaded several successful Mergers and Acquisitions for TAKE. He also joined the Commercial Vehicle Finance business of Shriram Group in 1992 as Head of Investment Servicing. He started his career in strategy and finance in 1987 with Karnataka Oil Seeds Federation, Bangalore.

His areas of expertise in this role include Corporate Strategy, Synergy Creation, Risk Management Efforts, Leadership Development and Corporate Finance.

Ramakrishnan Subramanian

Ramakrishnan Subramanian is a versatile Banker with over 24 years of leadership experience across Asia – India, Singapore, Hong Kong Thailand, Vietnam & Philippines in leading organisations such as Citibank, HDFC Bank, ING and Standard Chartered Bank. He holds a Chartered Accountancy and Cost Accountancy qualification and a Masters in Commerce from Madras University. He is the Managing Director & CEO of Shriram Capital Ltd., holding company for the Financial Services and Insurance entities of Shriram Group.

He has worked in growth, transformation and set up roles and has led large teams of people in India and across Asian locations. In India, he was part of the management team that set up HDFC bank Retail banking. He was responsible for establishing the pan India Credit & collections function and was the Country Head & Founding member of Retail Assets group for Hdfc Bank encompassing the full spectrum of Retail loans – Auto Finance, Personal Loans, Loan against shares, Gold loans, SME, Commercial vehicles, Dealer financing, etc.

He is a strategic thinker with a strong execution track record of creating business platforms, motivating, coaching & leading teams and a positive engagement with 360 degree stakeholders.