IndoStar Capital Finance (ICFL), India’s leading Non-Banking Finance Company, has appointed Deep Jaggi as Chief Business Officer (CBO) to head retail businesses, business development and collections.
He will be based out of the Mumbai Office and report to R. Sridhar, Executive Vice Chairman and CEO, IndoStar Capital Finance.
Jaggi joins from HDB (wholly owned subsidiary of HDFC Bank Ltd), where he was head of Asset Finance for the past 10 years and was responsible for the P&L of Commercial Vehicles, Construction Equipment, Passenger Vehicles & Tractor businesses.
Jaggi has been associated with Cholamandalam Finance and Apollo Tyres in his earlier roles.
R Sridhar, Executive Vice Chairman and CEO, ICFL said, “I am delighted to welcome Deep to the team. 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.”
Jaggi stated, “I am thrilled to join the team and look forward to strengthening the company’s business, corporate and strategic initiatives. I look forward to further bolster IndoStar’s customer reach with a clear focus on retail lending powered by Commercial Vehicles and Affordable Housing Finance.”a
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