IndoStar Capital Finance has announced the appointment of Jayesh Jain as its new Chief Financial Officer (CFO), effective March 3, 2025. He succeeds Vinodkumar Madhavan Panicker, who has retired from the role.
Jayesh Jain is a seasoned financial leader with over 24 years of experience in the NBFC and housing finance sectors. He has held key leadership roles in prominent financial institutions, including Group CFO at Balance Hero India Pvt Ltd, where he led financial strategies in the fintech sector. He also served as CFO at Hero FinCorp Ltd from 2018 to 2023, overseeing business strategy, financial planning and operational improvements. Before that, he was CFO at PNB Housing Finance from 2014 to 2018, playing a pivotal role in financial transformation. Earlier in his career, he served as CFO at GRUH Finance Ltd, a subsidiary of HDFC Ltd, managing financial reporting, taxation and IT infrastructure.
A fellow member of the Institute of Chartered Accountants of India (ICAI), Jain also holds certifications as a Certified Information System Auditor (CISA) and Certified Information Systems Manager (CISM) from ISACA, USA. His expertise in financial strategy, compliance and digital transformation makes him a valuable addition to IndoStar Capital Finance.
Alongside Jain’s appointment, IndoStar Capital Finance has made other key leadership changes. Bobby Parikh has been appointed as a Non-Executive Non-Independent Director, effective March 5, 2025. The company has also named Naina Krishna Murthy as its new Chairperson, signaling a strategic shift in governance. Additionally, the board has accepted the resignation of Vibhor Kumar Talreja as a Non-Executive Director. These leadership transitions mark an important phase for IndoStar Capital Finance as it focuses on strengthening its financial position and operational efficiency.
