STCI Finance Ltd : About Us


Board of Directors

Mr. T.C.Venkat Subramanian
Non-Executive Director

He is currently the Non-Executive Chairman of Indian Bank. He was Chairman and Managing Director of EXIM Bank and has over 37 years of wide professional experience in financial sector having worked in Bank of India and IDBI bank. He is currently a Director on Board of several companies engaged in financial and non-financial business.


Mr. K.Narasimha Murthy
Non-Executive Director

He is a Partner of Narasimha Murthy & Co., Cost Accountants and associated with development of Cost & Management Information Systems for more than 175 Companies covering more than 50 Industries. Expert in his field, he has to his merit credits of turning around of many large Corporates, focusing on systems improvement with Cost Reduction approach. He has been associated with more than 30  Government Committees both at  Central and State Level as Chairman / Member. Presently, he is Advisor (Financial Services) to Government of Andhra Pradesh in the Rank of Special Chief Secretary. He is also on the Board of several large Companies. 


Mr. S.Ravi
Non-Executive Director

He is a Managing Partner of Ravi Rajan & Co. (since 1989) which is empanelled with RBI, SEBI, CAG and premier Banks & Financial institutions. He has to his credit vast experience in the field of Banking and Finance, Audit, accounting and Assurance services, Financial and Management consulting including Mergers & Acquisitions, Business Valuation, restructuring of companies and Turnaround strategies. He is currently a Board member of several big corporates.


Mr. T.V Rao
Non-Executive Director

He has over 35 years experience in Banking, Foreign Trade and Housing Finance Sectors with specialization in Management of Treasury, Investment and Corporate Finance Operations, Securitization and Structured Finance, product development (Reverse Mortgage etc.), Training, Research, Capacity Building and Regulation and Supervision of Housing Finance Institutions. He has headed the Corporate finance, investment & Treasury of Exim Bank, SIDBI and National Housing Bank He is a Director on the Boards of various corporates in the NBFC, HFC and Manufacturing sector


Ms. Thankom T Mathew
Non-Executive Director

She is former Executive Director of the Life Insurance Corporation of India. She has 36 years of experience in the Life Insurance industry. In LIC, she was the first lady officer to head 2 major divisions – Mumbai & Bangalore - as Senior Divisional Manager In-charge. She has handled HR, operations, marketing, and customer related areas of LIC. She was also Chief of Corporate Communications of LIC. She is trained and accredited by the Institute of Directors in Corporate Governance & Company Law.


Mr. Vivek Wahi
(Nominee of Bank of India)

Shri Vivek Wahi possesses rich Banking experience having worked in all the important verticals of the Bank like Branch Banking, Overseas Dealing Room, Heading Large Corporate branches, Large Corporate Credit, Zonal Manager’s assignment and Treasury Operations. Before being elevated as General Manager, he was posted as Zonal Manager of Bank’s, Mumbai South Zone, the largest Zone on Business Mix parameters. He is presently heading Bank’s Treasury at Mumbai. He joined Bank of India as Probationary Officer in 1990, after completing his B.Tech in Civil Engineering.


Mr. Pradeep Madhav

He has more than 35 years of experience in the Banking and Financial Services.  He has headed large branches in leading nationalized bank.  He also has vast experience in fund management, Debt Capital Market and Treasury Operations (PD).  He has been in Senior Management  Position for more than 20 years and has Board experience of more than a decade.  He has had stints on the Technical Advisory Committee (TAC) and other committees of RBI, SEBI, NSE and BSE.  He has also been on the FIMMDA and PDAI Board.


Mr. Raghvendra Kumar
Deputy Managing Director
(Nominee of Bank of India)

Mr. Raghvendra Kumar has over 25 years of experience in the Banking Sector. He is a seasoned banker with wide experience in Indian and International Banking including forex operations and trade finance. He is a science graduate, CAIIB and holds a Dealing Certificate from ACI, Paris. The last position held by him in Bank of India was that of Deputy General Manager - In- charge of Global Treasury Front Office.

Details of Resignation of Directors:

1. Mr. Jayant Sinha resigned as Director of the Company with effect from November 11, 2014, pursuant to his assuming charge as Minister of State in the Union Council of Ministers.
2. Mr. S. Venkateswarlu retired as Managing Director of the Company on the close of business of April 30, 2015.
3. Mrs. V. R. Iyer has resigned as Chairperson of the Company with effect from June 01, 2015 consequent to her retirement as CMD of Bank of India.
4. Mr. Ajeet Kumar resigned as Director of the Company with effect from March 29, 2016.
5. Mr. Yogesh Gaat resigned as Managing Director & CEO of the Company with effect from December 24, 2016.
6. Mr. Melwyn O Rego resigned as Director of the Company with effect from May 05, 2017 consequent to his appointment as MD & CEO of Syndicate Bank.
7. Mr. S.K Behera ceased to be Deputy Managing Director and Director of the Company from the close of business of March 28, 2018 consequent to change in nomination by Bank of India.

Draft Letter Of Appointment Of Independent Directors