Indifi Technologies gets new independent directors on board

NEW DELHI: Indifi Technologies has appointed PS Jayakumar and Tabassum Inamdar as independent directors.

Jayakumar brings with him knowledge in the banking and financial sector with 38 years of work experience. In 2015, he was selected by the government of India to serve as the Managing Director and CEO for

. He also held key positions at Citibank across their India and Singapore offices, with his last assignment being the country head for the consumer banking group. After his stint at Citibank, he started his entrepreneurial journey in 2008 co-founding Value Budget Housing Company and . Both the ventures have contributed to the efforts in building demand and supply for low cost and affordable housing.

Inamdar’s BFSI experience spans more than 25 years, having honed her domain expertise at several leading research houses – at Goldman Sachs where she was Managing Director (co-head, India Research and co-head, Asian financials), UBS Securities as Director (BFSI Research), Kotak Securities and Jardine Fleming. In 2019, she set up Tameel, a research initiative focused on impact strategy research. She currently serves on the board of Franklin Templeton AMC India and Pure Earth Blacksmith Institute, US based non profit organisation, and has previously been on the board of

and Zipsure – a new general insurance startup.

Commenting on the appointment, Jayakumar said, “As an entrepreneur, I find strong synergies with teh founders vision of leveraging technology to enable financial inclusion. With Indifi, I look forward to playing a part in propelling India’s MSME success story being written at the intersection of technology and finance”

“Having spent the last few years looking into the nuances of the impact space, I have a greater appreciation for the urgency of financial inclusion for MSMEs in India. I am excited to join hands with the Indifi team in their journey of empowering Indian MSMEs whose credit needs remain deeply underserved. MSMEs play a significant role in accelerating economic growth in emerging markets like India and together with Indifi,” said Inamdar in a statement

In a statement, Alok Mittal, CEO & Co-Founder, Indifi Technologies, said, “At Indifi, we have been committed to not just drive efficient disbursals but also the financial inclusion of the underserved and credit starved MSME landscape in India. Through our ecosystem based approach to lending, we have been successful to enable access to underserved MSMEs by tapping into technology and data innovation. We are delighted to have Jayakumar and Inamdar join this endeavour.”

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