IndoStar Capital Finance has announced the appointment of Jayesh Jain as the new Chief Financial Officer (CFO), effective March 3, 2025. He replaces Vinodkumar Madhavan Panicker, who has retired from the role.
Jayesh Jain is a seasoned financial leader with over 24 years of experience in the NBFC and housing finance sector. He has held key roles in major financial institutions, including Group CFO at Balance Hero India Pvt Ltd, where he led financial strategies in the fintech space. He also served as CFO at Hero FinCorp Ltd (2018-2023), driving business strategy, financial planning, and operational improvements. Before that, he was the CFO at PNB Housing Finance (2014-2018), where he led financial transformation initiatives. Additionally, Jain was the CFO at GRUH Finance Ltd, a subsidiary of HDFC Ltd, where he managed financial reporting, taxation, and IT infrastructure.
Jain is a fellow member of the Institute of Chartered Accountants of India (ICAI) and holds Certified Information System Auditor (CISA) and Certified Information Systems Manager (CISM) certifications from ISACA, USA. His strong background in financial strategy, compliance, and digital transformation makes him a valuable addition to IndoStar Capital Finance.
Alongside Jain’s appointment, IndoStar Capital Finance has also made other key leadership changes. Bobby Parikh has been appointed as a Non-Executive Non-Independent Director, effective March 5, 2025. The company has also named Naina Krishna Murthy as the new Chairperson, signaling a strategic shift in governance. Additionally, the board has accepted the resignation of Vibhor Kumar Talreja as Non-Executive Director.
These leadership transitions mark a strategic shift for IndoStar Capital Finance as it focuses on strengthening its financial position and operational efficiency.
