PS Jayakumar and Tabassum Inamdar join Indifi Board as independent directors
- ByStartupStory | June 25, 2022
PS Jayakumar and Tabassum Inamdar have been appointed as independent directors of Indifi Technologies, a digital financing platform for MSMEs.
With 38 years of work experience, Jayakumar brings an understanding of the banking and finance businesses. He was chosen by the Indian government to lead the Bank of Baroda as its managing director and CEO in 2015. In addition, he held important positions at Citibank in Singapore and India, with the consumer banking group serving as his final responsibility. He began his business career in 2008 after leaving Citibank, co-founding Value Budget Housing Company and Home First Finance. Both businesses have helped to increase the supply of low-cost housing and the demand for it.
Inamdar has more than 25 years of experience in the BFSI industry and has developed her domain knowledge in a number of top research firms, including Kotak Securities, Jardine Fleming, UBS Securities, and Goldman Sachs, where she served as Managing Director and co-head of India Research and Asian Financials. She established Tameel in 2019, an impact strategy research initiative. She previously served on the boards of Equitas Small Finance Bank and Zipsure, a brand-new general insurance firm. She presently serves on the boards of Franklin Templeton AMC India and Pure Earth Blacksmith Institute, both US-based nonprofit organisations.
“As an entrepreneur, I find significant synergies with the founders ambition of harnessing technology to facilitate financial inclusion. I’m excited to work with Indifi to help advance the success story of India’s MSME sector that is being written at the nexus of technology and finance,” Jayakumar stated in response to the appointment.
“After examining the complexities of the impact sector for the past few years, I have a better understanding of the importance of financial inclusion for MSMEs in India. I’m eager to work with the Indifi team to empower Indian MSMEs, whose needs remain deeply underserved. MSMEs, together with Indifi, significantly contribute to accelerating economic growth in emerging markets like India, as said by Inamdar.
The CEO and co-founder of Indifi Technologies, Alok Mittal, said in a statement: “At Indifi, we have been committed to not just drive efficient disbursals but also the financial inclusion of the underserved and credit-starved MSME environment in India. We have been successful in providing access to underrepresented MSMEs through our ecosystem-based approach to lending by using technology and data innovation. We are excited that Jayakumar and Inamdar have decided to participate.”
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