ECL Finance is a leading NBFC, promoted by the Edelweiss Group. Incorporated in July 2005, we offer a broad suite of corporate and retail credit products, including corporate finance, loan against property, loan against marketable securities, real estate finance, public issue financing, SME finance and structured finance. This diversified business model reflects our experience across India’s multiple consuming facets, from industrial behemoths and large companies to small business as well as the average Indian urban and rural household.
Driven by a single minded focus of addressing evolving customer needs, our dedicated and experienced product management teams, ensure that our customers receive world class service. A robust risk management and corporate governance culture backed by strong Group expertise enables us to offer cost effective funding solutions.
The Edelweiss Group is one of India’s leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss’s products and services span multiple asset classes and consumer segments across domestic and global geographies.
The group’s research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets. It serves over 1Mn strong clients through over 10,000 employees based out of 354 offices (including international offices). Together with strong network of Sub Brokers and Authorized Persons, Edelweiss group has presence across all major cities in India.
Mr. Rashesh Shah is Chairman of the Company, has three decades of diverse experience in the financial markets and has been instrumental in building Edelweiss into one of India’s leading diversified financial services organisations. He is passionate about financial services and the role it plays in translating India’s vast savings into investments; thereby powering economic growth and development. A regular commentator on macro-economic policies, he has served as President of FICCI, which is India’s apex industry association, in 2017-18. He has also been a part of the High-level Task Force on Public Credit Registry for India, the Insolvency Law Committee, Executive Committee of the National Stock Exchange as well as the committee to review Insider Trading Regulations set up by SEBI – the country’s capital markets regulator.
An MBA from Indian Institute of Management, Ahmedabad, he also holds a Diploma in International Trade from the Indian Institute of Foreign Trade, New Delhi.
Mr. Deepak Mittal is the Vice Chairman (non-Executive Capacity) of the Company. He has more than two decades of experience in financial services. He heads the Credit business of the Group. He has played several key roles at Edelweiss, his most recent as CEO of Edelweiss Tokio Life Insurance, a joint venture between the Edelweiss Group and Tokio Marine Holdings of Japan. Earlier, he helped scale up the Capital Markets business and then subsequently became the Chief Financial Officer, where he helped steer the firm through a successful Initial Public Offering. Post the IPO, when the global financial crisis disrupted markets the world over, he was part of the core crisis management team at Edelweiss and helped navigate the Group successfully through extremely difficult business situations, while playing a key role in the expansion of various Group businesses. He leads the Group’s new strategic initiatives, including the acquisition of Anagram stock broking, which expanded the Group’s retail reach manifold. A Chemical Engineer from IT-BHU, he is also an MBA from the IIM Ahmedabad.
Mr. Biswamohan Mahapatra is an Independent Director on our Board. His career spans over three decades. He retired as Executive Director of Reserve Bank of India (RBI) in August 2014. At RBI he was in charge of banking regulation, policy, and supervision. Post retirement, he was an Advisor to RBI on the new bank licensing process. He has represented RBI at various national and international forums and chaired several RBI committees. He was also the Member-Secretary to the Committee set up to introduce a financial holding company structure in India and was also involved in the formulation of Basel II and Basel III regulations. He also serves as an Independent Director on the Boards of various companies. Recently, he was appointed as the Non-Executive Chairman of National Payments Corporation of India. He holds a Master of Science in Management (MSM) degree from the Arthur D. Little Management Education Institute, Cambridge, USA and an MBA from University of Delhi.
Mr. Venkatchalam Ramaswamy is the Vice Chairman and Non-Executive Director of our Company. Venkat has nearly three decades of experience in the financial markets and has been one of the driving forces in transforming what was once India’s first new age boutique investment bank to a leading diversified financial services company. Amongst his responsibilities, he also Heads Edelweiss’s Asset Management Business. Venkat has been instrumental in building a client-need focused solutions approach in Edelweiss Asset Reconstruction Company. Using his skills at building and maintaining large institutional relationships, including International Pension Funds and Insurance companies, the Alternative Asset Management business has become among the largest in India. An MBA from the University of Pittsburgh, USA, he also holds a Bachelor’s Degree in Electronics Engineering.
Mr. Kunnasagaran Chinniah is an Independent Director on our Board. He has more than three decades of experience in the financial sector. He is presently a director of Edelweiss Financial Services Limited and Edelweiss Tokio Life Insurance Company Limited, Changi Airport International, Keppel Infrastructure Trust, Azalea Asset Management, Hindu Endowments Board, Singapore and several other companies. Earlier, he retired as the Managing Director/Global Head of Portfolio, Strategy & Risk Group with GIC Special Investments (GICSI), the Private Equity arm of the Government of Singapore Investment Corporation (GIC). He joined GIC in 1989 and has held various positions with the Special Investments Department of GIC in their North American, European and Asian regions. He is a Chartered Financial Analyst and his other academic qualifications include a Bachelor’s Degree in Electrical Engineering from the National University of Singapore and an MBA from the University of California, Berkeley.
Ms. Anita George, Investor Nominee Director of the Company, has over three decades of experience. She is Executive Vice-President, Strategic Partnerships – Growth Markets, CDPQ. She joined CDPQ as the Managing Director, South Asia in April 2016. Prior to joining CDPQ, she was Senior Director of the World Bank’s Energy and Extractive Industries Global Practice. She also held the positions of Director, Infrastructure and Natural Resources of the International Finance Corporation, a member of the World Bank Group, and Head of Siemens Financial Services in India. Her various roles have led her to work in several regions of the world, including Europe, Asia, the Middle East and Africa. She holds a BA in Economics and Spanish from Smith College, Massachusetts, a Masters in Economics and an MBA in Finance from Boston University.
Mr. S. Ranganathan has over 35 years of experience, including more than two decades in the Banking & Financial segment in leadership roles. Prior to moving into ECL Finance, he was the President & Group CFO of Edelweiss for over 10 years. He is a result oriented professional with rich experience in driving Strategic planning and Financial management, encompassing Accounting, Taxation, Statutory compliances, Budgetary control, Risk & Assurance, Fund raising and Stakeholder relations. Starting his career in 1985, he has worked his way through a host of manufacturing and services companies before entering Financial services in the Citigroup in 2000 as Country Controller and later with Bank of America – Merrill Lynch as CFO. He is a Chartered Accountant by qualification. He has also completed his Cost Accountancy and Bachelor of General Law apart from being a Company Secretary.
Shiva Kumar has served at State Bank of Bikaner & Jaipur (now merged with the State Bank of India) as Managing Director. At State Bank of India, he was Deputy Managing Director and has held various positions. He was also the Project Leader for the business process re-engineering project for complete transformation of the largest Bank in India in collaboration with McKinsey & Company. He was a part of their credit card project and had set up metal gold business for the Bank. He was also a representative of Associate Banks on the Managing Committee of Indian Banks’ Association. In 2013, he received the ‘Business Leadership Award’, from the Institute of Public Enterprises.
He holds a Bachelor of Arts degree from Patna University and is an associate member of the Indian Institute of Bankers.
Mr. Sameer Kaji’s experience spans a range of industries and geographies for the last 30 years. Key focus areas have been growth strategy, mergers & acquisitions, operational improvement, transformation, and turnaround. As an Interim CEO & Board Member, he has assisted companies in their business development, acquisition, product innovation, analyzing their strengths and weaknesses and wherever applicable helped in early identification of stress – whether financial, operational or external by providing out of box solutions to reduce their debt, enhance their operating efficiency, resource allocation and undertaking complex stakeholder negotiations leading to cash flow enhancement and transformation. Being a first-generation entrepreneur for more than 20 years with hands on operational experience enabled him to bring pragmatic solutions to complex management, manufacturing, or financial issues for company management.
He has acted as advisor to many Companies like Adani Group, Binanni Cement, McKinsey & Company, Edelweiss etc. He was also associated with a Gold mine owned by Rio Tinto in Reno, Nevada as a Director and also led the disinvestment and management transition programmes.
He was also the Chairman & Managing Director, RAS Propack Lamipack, which was founded by him and led a 500+ FTE company to a successful IPO (40x subscribed).
Mr. Kaji is a management graduate from Babson F.W. Olin Graduate School of Business.
Mr. Aalok Gupta has over three decades of experience in banking with a focus on retail and SME businesses. He has worked with foreign banks (Bank of America and HSBC), private Indian banks (HDFC Bank and YES Bank) and financial institutions with roles across Business, Product and Risk Management. His last assignment was as MD & CEO of MUDRA, which is the nodal agency for the Pradhan Mantri Mudra Yojana and refinances banks, NBFCs and MFIs.
Currently, he is a mentor with GDC-IIT, Madras which promotes entrepreneurial thinking in STEM institutions across India.
Mr. Gupta graduated from IIM, Ahmedabad after his Bachelor’s degree in Mechanical Engineering from Delhi College of Engineering.
Atul Pande is an engineering graduate and alumnus of IIM Ahmedabad (1987-89 batch), with a varied industry experience spanning more than 25 years. In the initial two decades of his professional career, Atul worked across sectors such as FMCG, BPO & financial services and television. Atul is an avid traveler and passionate about outdoor sports. Some of Atul’s key assignments are Business Director – GE Capital, MD Citicorp – Maruti, MD Cholamandalam Investment and CEO – Ten Sports.