Stock Report

IndoStar Capital Finance appoints Jayesh Jain as CFO

Posted On : 2025-03-03 23:07:05( TIMEZONE : IST )

IndoStar Capital Finance today announced the retirement of Vinod Panicker as Chief Financial Officer (CFO) and the appointment of Jayesh Jain as CFO, effective March 3rd 2025.

Vinod Panicker, who has served as IndoStar's CFO since December 2022, will retire on 31st March 2025. During his tenure, Vinod played a key role in strengthening the company's financial foundation and supporting its growth trajectory. He will continue to be engaged with IndoStar as Senior Advisor - Finance, to support the transition and ensure a smooth handover.

Bobby Parikh, Chairman of IndoStar, commented, "On behalf of the Board, I would like to thank Vinod for his contributions during his tenure at IndoStar and extend our best wishes for his future endeavors."

Randhir Singh, Executive Vice Chairman of IndoStar, added, "Vinod has been a valued member of our leadership team, and we are grateful for his commitment to IndoStar's success. As we look to the future, we are excited to welcome Jayesh to IndoStar and are confident that his extensive experience and strategic vision will help us continue to drive growth and deliver value to our stakeholders."

Jayesh Jain brings over 23 years of financial leadership experience to IndoStar, having previously held CFO roles at marquee financial services companies including Gruh Finance, PNB Housing Finance and Hero FinCorp, with a proven track record of success in driving finance transformation and value creation.

"I am honored to join IndoStar at such an exciting time in its journey," said Jayesh Jain. "I look forward to working with the talented team here to build on the strong financial foundation in place and support the company's strategy and goals."

Shares of IndoStar Capital Finance Limited was last trading in BSE at Rs. 224.95 as compared to the previous close of Rs. 236.65. The total number of shares traded during the day was 12370 in over 474 trades.

The stock hit an intraday high of Rs. 237.70 and intraday low of 219.00. The net turnover during the day was Rs. 2804381.00.