Capital India Finance appoints ex-NABARD chief Harsh Bhanwala as executive chairman

New Delhi: Financial services platform Capital India Finance Limited (CIFL) on Wednesday announced the appointment of an industry veteran and former chief of NABARD, Dr Harsh Kumar Bhanwala, as its Executive Chairman. The appointment will come in effect from August 6, 2020.

Welcoming Dr Harsh Kumar Bhanwala on board, Capital India Finance promoter Mr SK Narvar said “his long experience will add greater value to the Capital India Group”.

“We are extremely pleased to have Dr. Bhanwala on board with us as Executive Chairman and extend our warmest regards and good wishes on behalf of the entire team at Capital India Finance Ltd (CIFL). I am confident that Dr. Bhanwala’s immense experience of more than two decades will add greater value to the Capital India Group and take it to the next growth phase. I wish him a successful journey ahead and look forward to his valuable insights and expertise to fuel Company’s growth plans”, Mr SK Narvar said.

Capital India Finance Limited (CIFL) is an integrated financial services platform and provides customised financial solutions to Indian Corporates for their growth and working capital requirements among others.

What Dr. Bhanwala said on joining Capital India Finance

Prior to joining Capital India, Bhanwala has worked as chairman of National Bank for Agriculture and Rural Development (NABARD) for over 6 years.

Speaking on the appointment, Dr. Bhanwala said: “I am delighted to be a part of Capital India family. It’s a great opportunity to work with the incredible pool of talent present in the company. With my 25 years of experience in the financial sector, I am confident to add value to the company’s operation enabling further growth of Capital India.

Dr. Bhanwala holds a Post-Graduate degree in Management from IIM, Ahmedabad and is also a PhD holder. He has also been the Managing Director of Delhi State Cooperative Bank Ltd (DSCB), during its turnaround (1999 to 2005).