Fullerton India Credit Company Gets More Capital from Temasek
Posted on 05/20/2021
Fullerton Financial Holdings (FFH), owned by Temasek Holdings, committed capital of Rs 750 crore of equity into its unit Fullerton India Credit Company Limited, a non-banking financial company. In June 2020, Fullerton Financial Holdings committed capital of Rs 750 crore of equity into its unit Fullerton India Credit Company.
Since fiscal year 2007, Fullerton Financial Holdings infused around Rs 3,050 crore in equity in Fullerton India Credit Company.
In February 2021, Fullerton India Credit Company hired Shantanu Mitra as the new CEO and Managing Director. Before this role, Shantanu Mitra was Senior Regional Risk Officer, India, Middle East and Africa at Standard Chartered. Shantanu Mitra worked at Fullerton Financial from 2010 to 2017.
May 19, 2021
Speaking on the appointment of Swaminathan Subramanian, Mr. Shantanu Mitra, CEO & MD of Fullerton India, said, “We would like to extend a warm welcome to Swami as he rejoins the Fullerton India family. We are confident that his leadership and people-focused policies will help us grow stronger than before. In his previous stint at Fullerton India, Swami played a key role in implementing end-to-end HR strategies, which echoed the vision and goals of the company across all levels.”
On his appointment, Mr. Swaminathan Subramanian said, “I have always had fond memories of my time here at Fullerton, India. I am very excited and honored to rejoin the Fullerton India family and aid in the creation of a healthy work environment with the values that have helped this company grow from strength to strength during these challenging times.”
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Shantanu Mitra will re-join Temasek-backed Fullerton India Credit Company Limited (Fullerton India), as its chief executive and managing director from April 2. Earlier, he was MD and CEO of the company in 2017. Rajashree Nambiar stepped down as MD & CEO in January 2021 after a three-year stint to pursue outside interests. Fullerton, in a statement, said Mitra has over 20 years experience at Standard Chartered and Citibank, where he had stints in India, Singapore and Thailand. His role in Standard Chartered was Senior Regional Risk Officer, India, Middle East & Africa, based in Mumbai. His previous experience with Fullerton included a stint from 2010 to 2017, initially as the head of consumer risk for the parent company Fullerton Financial Holdings and subsequently a very successful tenure as CEO & MD.
People Digest: Fullerton India, OLX Autos appoint new CEOs
Photo: Reuters
February 24, 2021
Fullerton India Credit Company Limited (Fullerton India) has appointed Shantanu Mitra as its CEO & MD, while OLX Group on Tuesday appointed Gautam Thakar as global CEO of OLX Autos.
Fullerton India names CEO & MD
Fullerton India Credit Company Limited (Fullerton India), a non-banking financial company with a strong pan-India presence, has appointed Shantanu Mitra as the new CEO & MD with effect from April 2, 2021.
Mitra has over 40 years of experience in financial services, with over 20 years at Standard Chartered and Citibank where he had stints in India, Singapore, and Thailand, Fullerton said in a statement. His last role in Standard Chartered was senior regional risk officer, India, Middle East & Africa, based in Mumbai.