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.
Ms. Vidya Shah is a Non-Executive Director on our Board. She is the Chairman & Chief Executive Officer of EdelGive Foundation, the philanthropic arm of the Edelweiss Group that seeks to build a bridge between the users and providers of philanthropic capital by exporting the skills and strategies of the for-profit world to the social sector. Under her stewardship, EdelGive has been instrumental in growing over 150 organisations, scaling their budgets, impact and reach exponentially. She also serves on the board of various prominent Civil Society Organisations such as Agastya International Foundation, Janaagraha Centre for Citizenship and Democracy, Centre for Social Impact and Philanthropy at Ashoka University, Mann Deshi Foundation and the Indian School of Public Policy. She has spent the first 11 years of her career in the field of investment banking with companies like ICICI, Peregrine and NM Rothschild. She holds an MBA degree from the Indian Institute of Management, Ahmedabad.
Mr. P N Venkatachalam is an Independent Director on our Board. He has over four decades of experience in the banking sector in India and abroad and has also worked in the software industry in banking & finance verticals. He joined State Bank of India in 1967 and retired in 2004 as its Managing Director. He was a member of the Interim Pension Fund Regulatory Authority of India. He holds a Master’s Degree in Economics and is a Certified Associate from the Indian Institute of Bankers.
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.