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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.
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