Piramal Enterprises Limited announced the appointment of Jairam Sridharan as Chief Executive Officer (CEO) of its Consumer Finance Business.
Prior to joining, he was President, Retail Lending and Payments at Axis Bank, where he led the transformation of Axis into a retail bank growing the book six times in five years. During this period, Axis emerged as one of the top five retail lending institutions in the country. Previously, as Chief Financial Officer (CFO) of Axis, Jairam raised over US$1.8 Bn, the largest private equity infusion in banking at the time, and led the finance, strategy, M&A and investor relations functions.
Before joining Axis Bank, Jairam served Capital One Financial, one of America’s most pioneering tech-enabled consumer banks, as Head of their ‘New to Credit’ card acquisitions. He started his career at ICICI Bank, where he headed their ‘business intelligence unit’ and developed the analytical capabilities of the bank.
Anand Piramal, Executive Director of Piramal Group said, “We are delighted to welcome Jairam Sridharan. Jairam not only has rich experience in building a large retail finance business but also has deep knowledge of technology and analytics, a combination that positions us well as we build a business of the future.”
Jairam holds a Bachelor of Technology degree in Chemical Engineering from IIT Delhi and Post Graduate Diploma in Management from IIM Kolkata where he was awarded a Roll of Honour for academic excellence. Jairam comes with over two decades of deep expertise in domestic and international retail finance. In 2015, Jairam was on The Economic Times’ ‘40 Under 40’ list of India’s hottest business leaders. In 2019, the Institutional Investor magazine named him ‘Best CFO’ in their All-Asia Executive team for Banks, based on Sell-Side Analyst votes.
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