JM Financial Credit Solutions Limited

Mr. Vikram Pandit

Non Executive Chairman
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Mr. Vikram Pandit is the Non-Executive Chairman of JM Financial Credit Solutions Limited. He has spent his career in financial services and has been a participant in and a catalyst for some of the tremendous changes the industry has experienced over the last several decades.

Mr. Pandit joined Morgan Stanley in 1983 and ultimately became President and Chief Operating Officer of the company's institutional securities and investment banking businesses. Mr. Pandit left Morgan Stanley to become a founding member and chairman of the members committee of Old Lane, LP.

When Old Lane was acquired by Citigroup in 2007, Mr. Pandit became Chairman and CEO of Citi Alternative Investments and later led Citi's Institutional Clients Group. He became CEO of Citigroup in December 2007 and led the company during the most challenging economic and financial crisis since the Great Depression, successfully recapitalizing, restructuring and revitalizing the company before he left in October 2012.

Mr. Vikram Pandit is also the Chairman and Chief Executive Officer of The Orogen Group, an operating company he created with Atairos Group that makes control and other strategic investments in financial services companies and related businesses. In addition, he is a member of the Board of Directors of Virtusa Corporation, Fair Square Financial Holdings, and Bombardier Inc. Mr. Pandit is a member of the Board of Overseers of Columbia Business School.

Mr. Pandit earned B.S. and M.S. degrees in engineering from Columbia University and received his Ph.D. in finance from Columbia in 1986.

Mr. Vishal Kampani

Non executive Vice Chairman
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Mr. Vishal Kampani is the Managing Director of JM Financial Ltd., the group’s flagship listed company. He has played a stellar role in transforming the JM Financial group into a financial services powerhouse. He launched the Asset Reconstruction business in 2008 and the Real Estate Finance business in 2009.

He joined the JM Financial group in 1997 as an analyst in the Merchant Banking Division and has since moved up the rank and worked across businesses within the group.

In a career spanning over 20 years, Mr. Kampani has played a key role in consummating several landmark and complex M&A and restructuring transactions. He has been instrumental in expanding the company’s International Operations and building a global profile.

In 1999, Mr. Kampani worked with Morgan Stanley Dean Witter & Co. in New York, in the Equity Capital Markets Group, where he was involved in structuring creative products for the firm’s clients most of whom were fortune 500 companies.

After returning to India in 2000, he worked as a Senior Banker in the Investment Banking division of JM Morgan Stanley Pvt. Ltd., which was then a joint venture between JM Financial group and Morgan Stanley. He was, then, responsible for building and maintaining key client relationships, procuring and overseeing the execution of business transactions, advising corporate clients in raising capital, acquisition and divestment of companies, re-organisation of corporate groups. He was also the head of the corporate finance division. Mr. Vishal Kampani is a Master of Commerce from University of Mumbai and has completed his MS (Finance) from London Business School, University of London.

Mr. Hari Aiyar

Non executive Vice Chairman
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Mr. Hari Aiyar is the Non-Executive Vice Chairman of JM Financial Credit Solutions Limited, an NBFC focused on real estate and promoter lending. JM Financial Limited partnered with First Finance, co-founded by Mr. Aiyar, to build JM Financial Credit Solutions Limited.

Mr. Aiyar co-founded First Finance with long-time Morgan Stanley and Old Lane colleague Mr. Vikram Pandit, ex-CEO of Citigroup, to identify, strategically invest in and manage credit intermediaries that capitalize on marketspaces created by the changing role of banks in the financial system.

Mr. Aiyar has had a broad business exposure. In 1990, he started his career as a Financial Analyst in the Investment Banking Division of Morgan Stanley and Company in New York. From 1991-1993, Mr. Aiyar played a key role in the establishment of Corporate Finance Coverage for Indian corporations and government agencies and completed the first Global Depository Receipts offering for Reliance Industries.

After graduating from Harvard Business School, Mr. Aiyar re-joined Morgan Stanley in proprietary trading in New York to manage Emerging Markets Special Situations. In 1999, Mr. Aiyar formalized the governance structures relating to private equity investing, founded and subsequently headed up the Strategic Trading Initiatives and Investments Group, a major profit center for Morgan Stanley’s Equity Division. Until he left in 2005, he designed the strategy for Morgan Stanley’s investments in electronic markets and exchanges, financial software and asset managers and helped develop a number of companies in all stages of the life cycle, including Algorithmics Inc.; The BRUT LLC; The Philadelphia Stock Exchange (PHLX); and the largest stock options marketplace (International Securities Exchange) in the world.

In 2005, Mr. Aiyar became a Founding Member of Old Lane Partners, a global asset management company and is Managing Partner of the Indian Advisor to Citigroup Alternative Investments / Napier Park Global Capital, the Manager and General Partner of the Old Lane India Opportunities Funds. In these roles, Mr. Aiyar has been spearheading private investments and asset-backed finance for infrastructure and real-estate projects and companies located in India.

Mr. Aiyar earned his A.B. in 1990 magna cum laude from Columbia University and, in 1995, his M.B.A. with Distinction from Harvard Business School.

Mr. V P Shetty

Non executive Director
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Mr. V P Shetty has had an illustrious Banking career spanning almost four decades. He has worked in various positions in four major nationalised banks. He has worked as Chairman and Managing Director in UCO Bank, Canara Bank and IDBI Bank. He was also Chairman of Indian Banks’ Association.

Mr. Shetty is an authority in commercial banking, Mergers & Acquisitions in Banking, Corporate Governance and Turnaround Management especially in Public Sector. Mr. Shetty was also a Recipient of “Banker of the Year – 2003” Award from the Business Standard Group in recognition of successful turnaround of UCO Bank.

Mr. Shetty has also served on the Boards of Life Insurance Corporation of India, Export-Import Bank of India, Infrastructure Development Finance Company Ltd., National Insurance Company Ltd., and General Insurance Corporation of India. He was a Member of Governing Council of Banking Codes and Standards Board of India (BCSBI) and was on Board of LIC Golden Jubilee Foundation.

Mr. V P Shetty is presently the Chairman of JM Financial Asset Reconstruction Company Limited, JM Financial Asset Management Limited and JM Financial Products Limited.

Ms. Dipti Neelakantan

Non executive Director
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Ms. Dipti Neelakantan Joined the Investment Banking Division as an Executive Assistant, in October 1981 and is currently the Group Chief Operating Officer at JM Financial

She holds a Bachelor’s degree in Commerce and is a fellow member of the Institute of Company Secretaries of India

Ms. Neelakantan has been with the JM Financial Group for over 35 years, & has worked in various capacities, locations and disciplines within the Group

Besides Financial and Capital Markets expertise, her areas of strength include Corporate Governance and Risk Management.

She has been actively engaged with various policy makers including SEBI, RBI and GOI for development of regulatory framework and for continuous reforms in the capital market and is a member of the Capital Market Committees of FICCI and CII, the two apex industry and business associations in India

Mr. Darius E Udwadia

Independent Director
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Mr. Udwadia is an Advocate and Solicitor of the Bombay High Court and a Solicitor of the Supreme Court of England, U.K.

Mr. D. E. Udwadia, Founder Partner, M/s. Udwadia & Udeshi, Solicitors & Advocates, acts as a Legal Counsel for numerous Indian companies, multinational corporations and foreign banks in India. He was a partner of M/s. Crawford Bayley & Co., Solicitors & Advocates, for 20 years, prior to setting up the law firm of M/s. Udwadia & Udeshi. He has spent over 44 years in active law practice and has vast experience and expertise in the areas like corporate law, mergers, acquisitions and takeovers, corporate restructuring, foreign collaboration, joint ventures, project and infrastructure finance, telecommunication, international loan and finance related transactions and instruments, real estate and conveyancing.

He also serves on the Board of several reputed public limited companies.

Mr. Udwadia holds a Masters in Arts and a degree in law.

Dr. Anup Shah

Independent Director
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Dr. Anup Pravin Shah, is a Fellow Member of The Institute of Chartered Accountants of India. He is a rank holder at the Inter and Final level of exams conducted by The Institute of Chartered Accountants of India. He is Ph.D. in Commerce from Mumbai University. He is also a Law Graduate from Mumbai University and has done Business Consultancy Studies from Jamnalal Bajaj Institute.

Dr. Shah is a Senior Partner of M/s. Pravin P Shah & Co., Chartered Accountants, Mumbai. He has over 19 years of experience in the areas of tax advisory, business restructuring, capital markets regulations, foreign investments, international tax, PE investments, real estate structuring, management consultancy, valuations, property matters and Accounting. He has contributed articles / papers to several publications, newspapers and at conferences, delivered talks at seminars and workshops across India and published books and articles on the above mentioned subjects.
Dr. Shah is also on the Board of following other public companies:

  • Claris Lifesciences Limited
  • Jai Corp Limited
  • Marathon Nextgen Realty Limited
  • JM Financial Services Limited
  • Prince Pipes and Fittings Limited

Mr. Shashwat Belapurkar

Chief Executive Officer
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Mr. Shashwat Belapurkar is the Chief Executive Officer of our Company. He has over 20 years of experience in the Indian Fixed Income Industry. He holds a masters diploma in business administration and a bachelors of science in Physics from the University of Pune, Maharashtra, India. He has worked with the global markets group of Bank of America for 11 years before joining JM Financial group in 2009.

Mr. Gagan Kothari

Chief Financial Officer
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Mr. Gagan Kothari is the Chief Financial Officer of our Company since May 19, 2015 and has been associated with JM Financial group since 2006. He is a member of the Institute of Chartered Accountants of India.

Mr. Hemant Pandya

Company Secretary & Compliance Officer
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Mr. Hemant Pandya is the Company Secretary and Compliance Officer of our Company since November 1, 2015. He is a fellow member of the Institute of Company Secretaries of India.