Board of Directors

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Mr. Aman Gudral

Non-Executive Director

Mr. Aman Gudral is a CFA and has completed MMS in Finance from Jamnalal Bajaj Institute of Management. Mr. Gudral is a professional with 10 years of overall experience. Previously, Mr. Gudral was responsible for Corporate Planning function, overall financial control of IndusInd Capital Limited (“ICL”) and served as a Lead Treasury in ICL. Mr. Gudral is currently the Chief Financial Officer of ICL. Previously, Mr. Gudral was associated with KPMG as a Management Consultant and Chief Manager with Indiabulls Housing Finance Limited.

Mr. Rakesh Jain

Executive Director & CEO

Mr. Rakesh Jain is a member of the Institute of the Chartered Accountants of India and the Institute of Cost Accountants of India. He has rich and varied work experience of over 20 years in leadership positions in corporate finance, risk management, underwriting, claims, broking and reinsurance functions etc. Prior to joining IndusInd General Insurance, he had worked in the capacity of Director - Corporate Centre & CFO at ICICI Lombard General Insurance Company Limited. During his tenure with ICICI Lombard General Insurance Company Limited, he was conferred an award titled 'The CFO - Financial Sector Award' by the Institute of Chartered Accountants of India.C16

Mr. Arun Tiwari

Chairman and Independent Director

Mr. Arun Tiwari is a seasoned banker with over 40 years of experience in leadership, strategic planning, project finance, risk management, HR, IT, and credit operations. He served as the Chairman and Managing Director of Union Bank of India from December 2013 to June 2017 and was previously the Executive Director of Allahabad Bank. At Bank of Baroda, his parent organization, he spent 33 years in various operational roles, including as CEO of the bank’s operations in Singapore and Malaysia. Throughout his career, Mr. Tiwari has held positions as Chairman and Non-Executive Director on the boards of IndusInd Bank Limited, Star Union Dai-ichi Life Insurance Company Limited, and Union Asset Management Company. He has also served on the boards of New India Assurance Co. Ltd., General Insurance Corporation Ltd., ECGC Ltd., and Acuite Ratings and Research Limited. In addition, he has been involved in several national committees. Mr. Tiwari is currently serving on the boards of several limited companies, including Afrinex Stock Exchange in Mauritius, India Infradebt Ltd, and Hinduja Energy (India) Limited. He holds a postgraduate degree in Chemistry. During his career, he has done extensive assignment under the aegis of World Bank apart from being part of many programmes at Kellogg School of Management - Illinois, Arthur D’Little - Boston, ISB - Hyderabad, IIT - Mumbai, IIM - Kozhikode etc.

Mr. S.V. Zaregaonkar

Independent Director

With over 46 years of senior-level experience in the banking and financial sector, Mr. S. V. Zaregaonkar has developed a wide-ranging expertise across credit underwriting, finance, accounting, taxation, audit, legal, regulatory compliance, and corporate governance. He has worked with prestigious institutions such as Dena Bank, IndusInd Bank, and Hinduja Group Limited, where he successfully navigated complex operational, financial, and regulatory challenges. Currently, Mr. Zaregaonkar serves as the Group President - Corporate Governance & Development at Hinduja Group Limited, a position he has held since January 2023. In this role, he is responsible for overseeing the company’s governance structure, ensuring compliance with regulatory standards, and managing external relationships with regulatory authorities. Prior to joining Hinduja Group, he had a long and impactful career at IndusInd Bank, where he served in various senior roles, including Chief Operating Officer (COO) from October 2021 to August 2022, and Chief Financial Officer (CFO) from 1995 to 2021. During his tenure, he was instrumental in shaping the bank’s operational strategy, overseeing mergers and acquisitions, managing financial reporting, risk management, and driving capital raising initiatives, which helped the bank grow significantly in terms of both revenue and regulatory stature. Earlier in his career, he worked at Dena Bank from 1980 to 1995, where he held roles including Credit Analyst, Senior Branch Manager, and Chief Accounts Officer. He also began his professional journey as a Lecturer in Commerce at Bharti Vidyapeeth in Pune from 1978 to 1980. Mr. Zaregaonkar holds a strong academic foundation with several prestigious qualifications, including Chartered Accountant, LLB, M. Com and CAIIB.

Dr. Thomas Mathew

Independent Director

Dr. Thomas Mathew holds a bachelor’s degree in arts from the University of Delhi and a bachelor’s degree in law from Campus Law Centre-II, Faculty of Law. He also holds a master’s degree in arts, a degree of master of philosophy, and a degree of doctor of philosophy from Jawaharlal Nehru University. He has experience of working with the Ministry of Finance and the Ministry of Defence.