IndoStar Capital Finance Limited (IndoStar) has announced that its Chief Executive Officer, Karthikeyan Srinivasan, will step down from his role effective May 30, 2025. The company stated that Mr. Srinivasan is leaving to pursue other career opportunities.
Following his departure, Randhir Singh, currently Executive Vice Chairman, will assume the responsibilities of Managing Director and lead the company’s operations.
Naina Krishna Murthy, Chairperson of IndoStar, stated: “We thank Karthik for his services to the Company, and wish him the best for his future endeavours. We look forward to continuing to work with Randhir and the management team to drive the next phase of IndoStar’s journey.”
About IndoStar Capital Finance Limited
IndoStar is a registered non-banking financial company (NBFC) under the Reserve Bank of India. It is classified as a middle-layered NBFC and provides financing for used and new commercial vehicles, as well as small business loans, primarily in tier 3 and tier 4 towns. The company is institutionally owned, with Brookfield and Everstone as co-promoters.
