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.
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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.
Shantanu Mitra appointed CEO and MD of Fullerton India Credit Company thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.