Indostar Capital Finance Limited, one of India’s leading retail non-banking financial companies, announced the appointment of Devdutt Marathe as Additional Director in the category of Non-Executive Non-Independent Director on the company’s Board, with effect from September 8, 2023.
According to the company’s exchange filing, “Further, upon recommendation of Nomination & Remuneration Committee, the Board of Directors of the Company vide circular resolution passed on 8 September 2023 approved, inter alia, appointment of Mr. Devdutt Marathe (Director Identification Number – 10294876) as an Additional Director in category of Non-Executive Non-Independent Director of the Company with effect from 8 September 2023.”
Devdutt Marathe is an investment professional with over thirteen years’ experience in the PE space. He is currently a Senior VP at Brookfield Asset Management focused on the PE business in the India / Middle East region. Previously, Marathe was a Principal at Apax Partners, where he led or participated in several transactions across financial services, healthcare and technology sectors.
Marathe holds B.Tech. and MS degrees in Electrical Engineering from IIT Madras and Caltech (USA) respectively, and a PGDM from IIM Ahmedabad.
