Companies

IndoStar Capital Finance appoints Deep Jaggi as Chief Business Officer

Our Bureau Mumbai | Updated on October 20, 2020 Published on October 20, 2020

Non-Banking Finance Company (NBFC) IndoStar Capital Finance (ICFL) has appointed Deep Jaggi as its Chief Business Officer. Jaggi will head all the retail businesses, business development and collections.

Also Read: Canada’s Brookfield Asset Management to acquire IndoStar Capital for Rs 1,450 crore

Jaggi joins from HDB (a wholly-owned subsidiary of HDFC Bank Ltd), where he was head of asset finance for over 10 years and was responsible for the P&L of commercial vehicles, construction equipment, passenger vehicles and tractor businesses. He has been associated with Cholamandalam Finance and Apollo Tyres in his earlier roles.

Also Read: IndoStar Capital to acquire IIFL Finance’s CV finance business

“We have defined a clear path to expand portfolio of retail loans for second-hand commercial vehicles and affordable housing. His extensive experience in retail lending will certainly be an asset to IndoStar,” R Sridhar, Executive Vice Chairman and CEO, ICFL said.

IndoStar, promoted by Everstone Group, today is jointly owned and controlled by Brookfield and Everstone.

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on October 20, 2020
This article is closed for comments.
Please Email the Editor