Directors

Mr.N.Rangachary

Chairman & Independent Director

Over four decades of profound expertise in the Insurance and Financial Services sector, Mr. N. Rangachary exemplifies a distinguished career trajectory.
Currently holds esteemed positions as Chairman at Salzer Electronics Ltd. in Coimbatore, and Centrico Insurance Repository Ltd., strategically leading these organizations towards sustained growth and success.
Mr. Rangachary's illustrious career includes notable leadership roles such as Chairman of Equitas Holdings Ltd., Oriental Green Products Ltd., Kaycee Industries Ltd. and Directorship at Pegasus Asset Reconstruction Private Ltd.
Commenced journey with the Indian Revenue Services, culminating in appointment as Chairman of the Central Board of Direct Taxes in 1995.
Subsequently assumed pivotal role of Chairman of the Insurance Regulatory and Development Authority (IRDA) in 1996, steering regulatory landscape towards enhanced governance and industry standards.
Internationally recognized Remarkable contributions earning him the distinguished title of “International Insurance Man of the Year” in 1999.
Commitment to excellence extends beyond leadership roles, evidenced by advisory services to the Finance Department of the Government of Andhra Pradesh from 2003 to 2008.
Status as honorary member of the Indian Institute of Actuaries underscores profound impact and influence within the industry.
Qualified as a Chartered Accountant, Fellow of the Institute of Cost Accountants of India (FICWA), and Fellow of the Institute of Company Secretaries of India (FCS), epitomizing professional excellence and expertise.

Ms. V.G.Aravindanayagi

Independent Director

Seasoned finance, audit, tax and legal professional, celebrated author, and an esteemed Board member with over 30 years of comprehensive experience in the fields of finance, auditing, accounting, taxation, legal, M&A, compliance and consulting across varied industries and global landscapes.
Currently serving as the Chief Financial Officer for Xforia Technologies Private Limited, bringing forth her expertise and leadership in the financial matters and Director at Maarsm7pro Technology Pvt Ltd.
Held the esteemed position of Member of the Board of Directors at India Trade Promotion Organization (ITPO), Ministry of Commerce, New Delhi appointed by the President of India as the “Independent Director”.
Formerly served as Senior Director - Finance at Cognizant Technologies India Private Limited, spearheading taxation management and ensuring efficient tax administration and effective compliance across India, APAC and the Middle East Regions.
Spent Two decades at Deloitte Haskins & Sells, leading the Business Tax team, cultivating pivotal client relationships across diverse industry segments.
A qualified Chartered Accountant and a member of the ICAI, as well as a law graduate and a fellow member of the India chapter of the Institute of Directors, highlighting her commitment to excellence and governance standards.
Distinguished speaker and author on direct tax law, actively contributing to the dissemination of knowledge in the domain.
Co-authored and authored renowned publications such as “Landmark Cases in Direct Tax laws”, “Tax Planning - Issues, Ideas, Innovations” and the “Compendium of International Taxation”, published by the Company Law Institute of India Pvt Ltd, Chennai and the Bharat Law Publications, Jaipur.

Mr.Hariharan Mahalingam

Independent Director

Possesses over 3 and a half decades of extensive experience in overseeing a company’s technology infrastructure, IT operations, and formulating internal strategies to drive profitability.
Retired as President and Group Chief Technology Officer of 'Equitas Small Finance Bank Limited,' where instrumental in advancing the bank's technological capabilities.
Founding member of Equitas Group, played a crucial role in the successful launch of Equitas Small Finance Bank within an impressive timeframe of 12 months post RBI license acquisition.
Previously served as Head I.T at Cholamandalam Investment and Finance Company Limited, showcasing adept leadership in technology implementation.
Successfully led the execution of a large WAN for Cholamandalam Group, facilitating seamless connectivity across numerous branches nationwide and enhancing operational efficiency.
Played a pivotal role in system development and the launch of the first private sector mutual fund while employed at the H.C KOTHARI Group.
Initiated the IT career journey with Premier Instruments Coimbatore in the 1980s, establishing a solid foundation in the field.
Holds a M.sc, (Statistics) from the University of Madras.
Holds certifications in Oracle, Overseas Projects Services, Project Management, and Information Security from STQC, reflecting a commitment to continuous learning and skill enhancement.

Mr. Babu Vellingiri

Managing Director & Chief Executive Officer

Babu vellingiri brings over 26 years of comprehensive experience across the telecom industry, manufacturing, capital markets, and NBFCs, functioning in senior-level management roles.
Demonstrated adeptness in various functions and organizations, cultivated through senior roles at ELGI Securities Limited, Tata Teleservices Limited, and 20 years of concurrent service at Cholamandalam Investment and Finance Company in the NBFC sector.
Boasts a long-standing tenure at Cholamandalam Investment & Finance Co. Ltd. since 2003, transitioning from roles like Branch Credit & Administration Manager to Head of Product. Acknowledged for driving successful sales, credit, and marketing strategies, which led to significant growth in the Affordable Housing Loan business from 300 Cr to an AUM of 7300 Cr over 7 years.
Notable accomplishments include spearheading the development and implementation of Construction Equipment Finance products, launching the Shubh (Used CV) funding product, and establishing over 300 branches across India, driving AUM to 900 – 1000 crs respectively.
Recognized as a Top Performer & Future Leader, completed the Emerging Leadership Program facilitated by the Murugappa Development Centre in collaboration with IIM-Bangalore.
Holds a Management Graduate degree in Finance, as a Chartered Accountant and a Post Graduate in Marketing Leadership Development, Northwestern - Kellogg.
Has completed the Executive Education Programme in General Management with IIM (B).

Mr. R. Chandrasekar

Independent Director

(Additional Director)

Mr. R. Chandrasekar is a distinguished Human Resources and Business Strategy leader with more than four decades of experience spanning financial services, corporate governance, organizational transformation, and leadership advisory.
Throughout his illustrious career, he has established himself as a trusted advisor to Boards of Directors, CEOs, Executive Committees, and senior management teams, contributing significantly to strategic decision-making, enterprise growth, governance enhancement, and business resilience.
During his tenure of over 20 years with Cholamandalam Investment & Finance Company Limited, one of India's leading NBFCs, Mr. Chandrasekar played a pivotal role in transforming the organization’s h uman capital framework and supporting its evolution from a mid-sized enterprise with approximately 450 employees into a diversified financial services institution employing more than 65,000 employees across nine business verticals.
His contributions were instrumental in driving workforce scalability, leadership development, succession planning, organizational effectiveness, and sustainable business expansion.
Mr. Chandrasekar possesses extensive expertise in board governance, regulatory compliance, workforce risk management, organizational design, executive compensation, mergers and integrations, digital transformation, and culture-building initiatives.
Led large-scale HR transformation programs, implemented governance frameworks, and established innovative talent management models that enhanced productivity while maintaining strong compliance standards.
He holds an MBA in Industrial Relations & Personnel Management from Symbiosis Institute of Management, Pune, a B.Sc. in Mathematics from the University of Madras, and a Diploma in CAMS, Chennai. His career has been defined by a consistent ability to align people strategy with business priorities, build leadership capability, and create organizations equipped for long-term growth and success.

Board of Directors

Mr.N.Rangachary

Chairman & Independent Director

Mr.A.Prabhakaran

Non - Executive Director

Mr.Jayaraman Chandrasekaran

Independent Director

Mr.Hariharan Mahalingam

Independent Director

Ms.V.G.Aravindanayagi

Independent Director

Mr.E.E.Paul Vaseekaran

Independent Director

Mr.Babu Vellingiri

Managing Director & Chief Executive Officer

Mr.IAS Balamurugan

Nominee Director

Mr. R. Chandrasekar

Independent Director

(Additional Director)