Apply for Education Loan
Management
Board of Directors

Mr. Damodarannair Sundaram

DIN - 00016304

Independent Director - Chairman

Mr. Sundaram's experience spans corporate finance, business performance, monitoring operations, governance, mergers & acquisitions, talent / people management and strategy.

Mr. Sundaram joined Hindustan Unilever Limited (HUL), the Indian listed subsidiary of Unilever Plc, as a management trainee in June 1975 and served in various capacities including six years in Unilever, London as Commercial officer: Africa and Middle East (90-93) and as Sr. V.P for South Asia and Middle East (96-99). He was the Chief Finance Officer of HUL from April 99 to March 08 and as the Vice Chairman and CFO from April 08 to July 09.

He is a two-time winner of the prestigious “CFO of the Year for FMCG Sector” award by CNBC TV18 (2006 and 2008). He was awarded as the 'Best Independent Director in 2019' by Asian Centre for Corporate Governance and Sustainability in December 2020.

Mr. Sundaram is currently the Vice Chairman (Non-executive, Non-independent) of TVS Capital Funds in managing a growth capital Private Equity Fund (TVS Shriram Growth Fund.) Sundaram is a post-graduate in Management Studies (MMS), Fellow of the Institute of Cost Accountants, and has done Harvard Business School's Advanced Management Program (AMP). He currently serves as an independent director on the boards of Infosys, GlaxoSmithKline Pharmaceuticals Limited, Crompton Greaves Consumer Electricals Limited and Schneider Electric India Private Limited.

He is also on the Executive Council of KREA University.

Mr. Arijit Sanyal

DIN - 08386684

Managing Director & CEO

Arijit is an experienced financial services professional with extensive experience across retail, investment and corporate banking in a wide variety of leadership, credit, business and product development roles.

Prior to being appointed Chief Executive Officer at Credila, Arijit was heading Strategic Planning & New Initiatives for Credila Limited. At Credila, Arijit was responsible for driving the development and execution of key strategic initiatives as well as executing new strategic investments in areas linked to Credila's core business.

Previously, Arijit worked in Investment Banking with Nomura in London in a Special Situations Proprietary Trading team within Credit Structuring and in Product Strategy in HSBC UK managing global projects of vast scale and complexity. Arijit also had a stint working in a start-up bank in the UK as part of the leadership team as Head of Product. Arijit had a previous stint in Credila, where he set up and ran the UK operations of Credila growing it to a substantial profitable business.

Arijit has a Masters in Finance from the London Business School.

Mr. Abhijit Sen

DIN - 00002593

Independent Director

Mr. Abhijit Sen retired from Citi India in February 2015 after serving as the Chief Financial Officer - India Subcontinent for over 18 years. On retirement from Citi, Mr Sen is associated with E&Y from August 3, 2015, as a Senior Advisor, to provide broad strategic support for their activities in the Banking and Financial Services Sector. He currently serves on several Boards in the BFSI sector and chairs the Audit and Risk Committees He recently joined the Risk & Investment Committees of the National Stock Exchange. In the past, he has served on the Board of National Securities Depository Ltd. IDFC First Bank, India First Life Insurance, Trent Ltd, U Gro Capital, Ujjivan Financial Services and has been an Advisor to General Atlantic. He also mentors several start-up entrepreneurs.

In his advisory work, Mr Sen provides his domain expertise on banking and NBFC policy, governance, regulatory compliance and operations with special focus on balance sheet optimization and capital planning. He has assisted several entities in connection with their banking and NBFC licences. In his Board governance role, he specializes in financial and general management, strategy, risk management and regulatory compliance.

As Chief Financial Officer, India Subcontinent - Citi, he was responsible for the Finance function in India, Bangladesh and Sri Lanka for the entire Citi franchise encompassing the Bank and several other legal entities, covering Governance, Controllership, Corporate Treasury, Financial Planning, Product Control and Tax. In addition to his CFO role, Mr Sen was Chairman of Citicorp Services India Limited which provides a variety of services in the analytics, financial modeling and planning, processing and technology space engaging over 3000 professionals serving a variety of Citi businesses overseas.

During his long career Mr Sen has held various Board positions in Citi entities responsible for technology solutions. He has played a critical role in setting up a large Technology centre in Pune under Citicorp Services India Limited which has been involved in developing technology architecture for a number of Citi businesses globally. His B.Tech specialization in Electronics and his MBS dissertation in Management Information System design have aided in developing his technology skills.

Mr Sen holds a B.Tech ( Hons) from IIT, Kharagpur and a PG Diploma in Management, specializing in Finance from IIM Calcutta. He has enjoyed several academic distinctions throughout his career.

Mr. Bharat Shah

DIN - 00136969

Independent Director

Mr. Bharat Shah holds a Bachelor’s Degree in Science from University of Mumbai and a Diploma in Applied Chemistry from Borough Polytechnic, London.

Bharat has a rich experience in the financial services sector and has expertise in the fields of banking, finance, real estate and securities market.

Bharat has been with Credila Bank since its inception and has played a key role in the formation of the bank. He joined Credila Bank as an Executive Director in December 1994.

Presently, he is the Chairman of 3M India Limited and Exide Industries Limited.

Ms. Anuranjita Kumar

DIN - 05283847

Independent Director

Anuranjita Kumar is a human resource veteran with over twenty-six years of experience working across the globe managing various assignments, including senior human resource roles in Asia, North America, and Europe through her stints at the Royal Bank of Scotland, and Citibank.

Anuranjita kicked –off her career with Procter & Gamble in 1994 and joined Citi in 1995. During her exceptional journey in the world of HR, she has held a variety of roles including Senior HR Generalist for Corporate and Investment Banking, Staffing and Development manager. Anuranjita was the first South Asian and woman leader to be appointed as COO & Head of HR, Global Banking EMEA In 2007. Also, Anuranjita was the first woman management committee member at Citi India. All this led Anuranjita to be recognized as an ‘Upcoming South Asia Leadership Talent’ by Asia Networks. She was head of HR was International hubs till recently with RBS. She is now a partner with IndusCap Venture and the founder of Women in Technology, India.

Anu has Been synonymous with work in diversity/ inclusions and actively engaged globally in cross-cultural issues and forums. Kumar has been recognized in many forums. For her excellent contribution to the field of HR, she was honored as ‘Most Powerful HR Professionals of India’, by the World HRD Congress in 2012 and amongst the ‘Most Powerful Woman Leaders’ by Fortune in 2013.

Recently she featured on The Economic Times ‘Women Ahead List 2018’ for being a role model for India Inc and further by the leading Asian D&I organization – House of Rose Professionals (Singapore-based Asia firm) as a Visionary Diversity and Inclusion Leader in 2019.

She Chairs the Board of the American India Foundation, is a director on the board of Plaksha University – a new age modern thinking tech university geared towards future-tech learning as well as on the Advisory board member of SHRM.

Anu is an accredited executive coach with foundation certification from School of coaching UK, Post graduate certification from I-coach academy UK and certified Integral coach from Third space and New venture west coaching institute in the US. She has over 1000 hours of coaching work under her belt and is well known for CXO coaching.

She is also a gifted author having launched her second book – ‘Colour Matters?’ primarily addressing the issue of racial and colour discrimination still prevalent. Her earlier bestseller book ‘Can I Have it all?’ addressed the opportunities of being a woman in today’s life – and in the need to opening oneself to accept these as privileges. Anu is also a philanthropist involved in volunteering with underprivileged children and a mentor to several upcoming start-ups.

A management graduate from XLRI, specializing in Human Resources. She attended Welham’s Girls School and is a gold medallist and topper in industrial psychology from Delhi University. Apart from her regular work, Anuranjita spends considerable time coaching Senior Executives and Start-up Leaders around the world.

Mr. V. Srinivasa Rangan

DIN - 00030248

Non Executive Nominee Director

Mr. V. Srinivasa Rangan was the Executive Director and Chief Financial Officer of erstwhile Housing Development Finance Corporation Limited. He holds a Bachelor’s degree in Commerce from University of Delhi and is an Associate of The Institute of Chartered Accountants of India (ICAI) qualified as rank holder.

He is an expert in finance, accountancy, audit, economics, corporate governance, legal & regulatory compliance, risk management and strategic thinking. He has vast experience in housing finance and real estate sector. Mr. Rangan has worked on international consulting assignments in housing finance in Ghana and the Maldives.

He has been a member of various committees related to financial services such as RBI’s Committee on Asset Securitisation and Mortgage Backed Securitisation, Technical Group formed by National Housing Bank (NHB) for setting up of a Secondary Mortgage market Institution in India, NHB’s Working Group on Covered Bonds and NHB’s Working Group on Credit Enhancement Mechanism.

Mr. Rangan was conferred the "Best CFO in the Financial Sector for 2010" by ICAI. He was also honoured with “Lifetime Achievement Award” at the sixth edition of Financial Express CFO Awards 2023.

He is the Executive Director of Credila Bank.

Mr. Rajnish Kumar

DIN - 05328267

Non Executive Nominee Director

Mr Rajnish Kumar is former chairman of State Bank of India. He completed his 3 years term as chairman in October 2020. He is credited with steering the bank successfully through very challenging times. During his tenure, Bank developed YONO, a digital platform, which has established bank as a global leader in adoption of technology and innovation.

Mr Kumar is a career banker with nearly 4 decades of service with State bank of India. His expertise in corporate credit and project finance is well recognized. He served the bank in various capacities across the country including in the North East as Chief General Manager. He successfully managed UK operations of the Bank.

Mr. Ashish Agrawal

DIN - 00163344

Non Executive Nominee Director

Ashish Agrawal is a Partner in the EQT team, focusing on investment activities in India. Ashish worked for BPEA from 2008 until 2022, when the company joined forces with EQT and was renamed EQT.

Prior to joining BPEA, Ashish was a Senior Vice President with Lehman Brothers’ private equity group in Mumbai where he was responsible for deal origination, execution, and monitoring of private equity investments. Prior to that, Ashish was with Bank of America’s private equity group in Mumbai and subsequently Chicago. Ashish also worked with JM Morgan Stanley’s corporate finance group and as an equity research analyst with ICICI Securities.

Ashish received a Post Graduate Diploma in Management from the Indian Institute of Management – Ahmedabad and a Bachelor of Engineering degree from the SGS Institute of Technology & Science. He has also received the CFA Charter.

Mr. Jimmy Mahtani

DIN - 00996110

Non Executive Nominee Director

Jimmy Mahtani is a Partner in the BPEA EQT team and joined BPEA in 2006 to set up the India business. He is currently Co-Head for BPEA’s investments in India in addition to being a member of the Investment Committee, Portfolio Management Committee and Co-Head of the Technology Services team. Jimmy currently serves on the boards of several portfolio companies including Citius Technologies, CMS Info Systems, Virtusa Technologies, Sagility Health, Straive, IGT Technologies, AIG Hospitals, AGS Healthcare, Indira IVF and Credila. Jimmy was previously with General Atlantic in Mumbai whose India office he set up. Prior to this he worked for Bear Stearns & Co. in New York. Jimmy graduated with honors from Georgetown University with a triple major in Finance, International Business and Marketing.

Mr. Ankit Singhal

Non Executive Nominee Director

Mr. Ankit Singhal has close to 14 years of work experience across distinguished organizations such as Royal Dutch Shell, KPMG, GIC – sovereign wealth fund of Singapore and presently ChrysCapital. At ChrysCapital, he leads the financial services sector investment vertical. Mr. Singhal has built a focus in private equity investing with specialization in financial services and fin-tech. At GIC, he led the financial services coverage for the Private Equity team in India and helped deploy US$1.5bn+ of equity capital across 9 deals with a distinguished track record.

Mr. Singhal graduated with a B-Tech degree (Hons.) in Electronics and Electrical Communication Engineering from IIT Kharagpur, has an MBA from IIM Bangalore, cleared CFA and CAIA (US affiliated) examinations.

Mr. Satish Pillai

DIN - 03511106

Non Executive Director

Mr. Satish Pillai has 25 years of experiences across financial services, credit and retail information management services business. For the last 15 years, he has led businesses in India as the COO and then the MD & CEO of TransUnion CIBIL, Regional President of TransUnion’s businesses in India (including TransUnion CIBIL), Hong Kong and Philippines and most recently as the MD of NielsenIQ’s India business. He has experience in driving cultural change through data and technology led transformations by collaborating with top talent, resulting in sustainable high growth businesses.

During his tenure with TransUnion and TransUnion CIBIL, Mr. Pillai has been responsible for the launch of the first ever credit score in the India market and creating the first go-to-market strategy for the credit bureau analytics and decisioning business, and development of innovative solutions and talented team that helped drive TransUnion’s revenue in India to 105M. He has also championed the creation of the first playbook of real time data ingestion and availability along with visualization/insights capability and led the design of a customized campaign during 2020 distress to “find the good, fund the good” to help lenders with real time insights to effectively manage their portfolio. His most recent role was that of MD of NielsenIQ India, where he was responsible for driving growth in the strategic market by enhancing the traditional market research measurement products as well as building commercial capabilities to drive consistent double-digit growth in revenue and earnings.

He is currently a co-founder and partner of the consulting firm, “The Company of Four” with diverse goals, including accelerating growth in micro businesses in Kerala, connecting students with companies for professional “apprentice-ship”, as well as helping companies capture, articulate and market their culture to attract investments/funds and prospective employees.

Mr. Seung Hyo Han

DIN - 10686686

Non Executive Director

Mr. Seung Hyo Han is a general manager in Shinhan bank. He is an accomplished banker who possess es extensive experience in corporate and personal finance, sales management, and digital innovation i n banking.

His specialty lies in the areas of strategic planning, new business development and implementation of financial products and services. With over two decades of experience in Shinhan, he has a proven trac k record in driving process efficiencies and leading digital transformation initiatives including success ful rollout of Bank as a Service (BaaS) platforms.

Mr. Han holds a bachelor’s degree in business administration from Kyungbook National University, the Republic of Korea.

Vision : Transform lives and contribute towards the nation building!
Mission : Empower aspiring students to actualize their dreams of higher education!
Credila Financial Services Limited
Registered Office: B 301, Citi Point, Andheri-Kurla Road, Andheri (East), Mumbai-400 059, India