India’s TOP 500 Companies 2020

INDIA’S TOP 500 COMPANIES 2020 130 Experts’ View IndoStar Capital Finance Limited R SRIDHAR Executive Vice-Chaiman & Chief Executive Officer Kindly share with us IndoStar Capital Finance Ltd’s journey since inception. What products and services does the company offer? IndoStar Capital Finance is a 100% professionally managed NBFC which was founded in 2011 by the Everstone Group. IndoStar originally started as a Corporate lending NBFC. However, with R Sridhar joining as the CEO and Executive Vice Chairman in 2017, the company pivoted to a retail lending strategy. Today, the company serves over 60,000 satisfied customers across Corporate Lending, SME Lending, Vehicle Financing and Home Financing verticals with an AUM of ~INR 10,000 crores. Under the stewardship of Mr. Sridhar, the company successfully listed on the stock exchanges in May 2018. In January 2020, the company closed the equity investment by Brookfield - their first in the financial services sector in India - reiterating the quality of IndoStar’s businesses and that of its management. What is the company’s roadmap for growth over the next 3-5 years? The recent Brookfield investment which has enabled us with Capital & liquidity to pursue opportunities, it has provided access to newer avenues of resources and put us on track for achieving growth at a faster pace over the next 5 years. Our long-term focus will continue to remain on our retail businesses. Used vehicle financing to small fleet owners & Affordable Home Finance will be our engines of growth. In addition to the Commercial vehicle Finance business, we have one of the best Affordable Housing Finance & SME businesses in the segments we operate. How has the company responded to the disruption caused by the ongoing pandemic? What is your strategy to tide over this crisis? The well-being and safety of our team has been our foremost concern through the pandemic. We have currently opened more than 90% of our branches and there are strict guidelines in place to ensure that our staff remains safe as business resumes. IndoStar has one of the highest capital adequacy among listed NBFCs and has adequate liquidity to ride through the pandemic. The current situation is challenging and we have used it as an opportunity to further strengthen the organization through various initiatives and be ready to capitalize on the opportunities once the situation normalises. We have been successfully reducing our operating costs and have invested in technology projects that will redefine the way we engage with customers. “ The recent Brookfield investment has provided access to newer avenues of resources and put us on track for achieving growth at a faster pace over the next 5 years. ” Dun & Bradstreet