Former NABARD Chairman Dr. Govinda Rajulu Chintala Joins IIFL Samasta Finance as Chairman of the Board
IIFL Samasta Finance, which is one of India’s largest non-banking microfinance companies (NBFC-MFI), today said that Former Chairman of NABARD, Dr. Govinda Rajulu Chintala has joined as independent director and Chairman of the Board at IIFL Samasta Finance. The microfinance company also announced the appointment of three other members to its Board of Directors.
This strategic move reflects the company's commitment to further strengthen its governance structure and driving continued growth and innovation in the microfinance sector.
Besides Former Chairman of NABARD, Dr. Govinda Rajulu Chintala, Former Managing Director of Equifax Credit Information Services Mr. Kalengada Mandanna Nanaiah, Former President of Institute of Chartered Accountants of India (ICAI) Mr. Nihar N Jambusaria and Co-promoter of IIFL Group, Mr. R. Venkataraman have joined the board.
Mr Venkataraman joined as an Additional Director (non-executive), while Dr. Chintala, Mr. Nanaiah and Mr.
Jambusaria joined as Additional Director (non-executive and Independent). The Board will now comprise of seven members.
Commenting on his appointment Dr. Govinda Rajulu Chintala said, “I am glad to join this exceptional team as we celebrate our company's impressive financial year results.
Looking forward to contributing to our continued success."
Dr. Chintala has more than 20 years of experience as a Director of Boards of various financial, Insurance and microfinance institutions. He was the Chairman, NABARD till 31st July 2022.
