Non-banking financial company Fullerton India Credit Company Limited (FICCL) has named its Chief Risk Officer, Deepak Patkar to Chief Executive Officer, Fullerton India Home Finance Company Limited (Grihashakti). Dhananjay Tiwari takes over from Deepak Patkar as Chief Risk Officer.
In his last role as Chief Risk Officer for FICCL, Patkar established a strong balanced culture of business enablement with prudent risk measures, strongly backed by analytics, according to a statement.
Patkar comes with extensive experience in Business Development, Enterprise Risk Management, Credit Policy Design, Collections, Operational & Fraud Risk Management, Analytics, Internal Audit and Sales. He is one of the early members of Fullerton India team and has been working with the company since 2007, as per the statement.
Nobuyuki Kawabata, Chairman of the Board of Directors, Fullerton India, said, “We, at Fullerton India, are taking multiple initiatives that aid growth and transformation, including strengthening of the leadership team. I believe that the appointment of Deepak Patkar will add further impetus to the achievement of our strategic goals and demonstrate our commitment towards India’s housing finance market.”
Shantanu Mitra, Chairman & Non-Executive Director, Grihashakti, said, “Deepak has played a crucial role in driving transformational changes in various segments of the company in his earlier assignments. He brings remarkable value to Grihashakti, with more than 20 years of experience in the BFSI sector.”
Deepak Patkar, CEO, Grihashakti, said, “The opportunity to grow Grihashakti excites me immensely and we hope to see it as one of the top players in the housing finance space. Serving customers in the affordable housing segment in the best way possible will continue to be our primary goal.”
Fullerton India Credit Company (FICC) started its India operations in 2007 and has established a pan India presence – across 600 towns and over 60,000 villages through 633 branches and 12,500 employees offering lending products to underserved retail and MSME borrowers and has serviced more than 2.3 million customers to date. FICC is now a consolidated subsidiary of Sumitomo Mitsui Financial Group.
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