Bharat Bhise welcomes two veteran bankers to the board of Capsave Finance | News

Capsave Finance Pvt. Ltd., a systemically important non-bank financial company (NBFC) providing leasing and financing solutions, announced the appointment of Messrs. ADM Chavali and Abraham Chako to its board of directors.

NEW YORK, March 29, 2022 /PRNewswire-PRWeb/ — Capsave Finance Pvt. Ltd., a systemically important non-bank financial company (NBFC) providing leasing and financing solutions, announced the appointment of Messrs. ADM Chavali and Abraham Chako to its board of directors.

“We welcome Chavali and Chacko to the Capsave Finance Board of Directors, and we look forward to working with them to strengthen our portfolio to become one of india leading non-banking financial companies,” said Jinesh Jain, CEO of Rent Alpha, parent company of Capsave Finance. “Chavali brings with him an outstanding track record of exemplary corporate governance over his decades-long banking career,” Jinesh Jain adds, “Chacko’s extensive experience in finance, banking and administration will help strengthen our processes and corporate governance as we move into the next phase of growth.

“I look forward to serving on the board of Capsave Finance and hope to contribute to its continued growth,” said Chavali. “The management team’s work ethic and the company’s steady growth are admirable.” Chacko adds: “It is a privilege to serve on the board of directors of Capsave Finance. The company’s track record of exceptional growth and performance, even during the pandemic, speaks volumes about the management team.

Capsave Finance is a 100% subsidiary of Rent Alpha, founded in 2014 by a team of leasing professionals with cumulative experience in creating operating leases of $1.5 billion and a portfolio of $300 million with first class customers. Rent Alpha has partnered with original equipment manufacturers and suppliers such as Lenovo, Apple, Agilent, AGS, Western Refrigeration, Doosan Bobcat, etc.

Chavali had a rich career in banking spanning four decades with experience in industrial finance, treasury, investments, asset management and risk management. He previously served as Managing Director of Bank of Baroda AMC and later as Executive Director of Indian Overseas Bank.

His last assignment was as a member of the Advisory Council on Banking and Financial Fraud set up by the Central Vigilance Commission.

In addition to his new position on the board of directors of Capsave Finance, Chavali is also an independent director of Kalyan Jewelers India Ltd. and Indian Immunological Ltd.

Chacko had a distinguished 38-year career in banking in India and abroad. After 14 years at HSBC in India in various roles, he spent 19 years with ABN AMRO – in dubai as Dy CEO UAE, Country Manager Sri Lanka and Executive Director and Regional Head Asia Middle East and Africa for commercial sales based in Singapore including 2 years at RBS.

He returned to India in 2011 and spent 4 years as Executive Director of the Federal Bank. In addition to his new position on the board of Capsave Finance, Chacko is also an independent director on the boards of Liberty Insurance, India Ratings and Research, Muthoot Finance, Dia Vikas Capital Pvt. ltd. and Jana Holdings Ltd.

A former student of Don Bosco School and St. Xaviers College in Kolkatta, Chacko also received an MBA from XLRI, Jamshedpur.

“The focus on business processes, strong corporate governance and the decade-long culture of business relationships is a clear indication of a successful business with strong growth potential,” said Bharat Bhise, Founder and CEO. of Bravia Capital, majority shareholder of the parent company of Capsave Finance. , Rental Alpha. “I am confident that Chavali and Abraham will help guide Capsave’s Board of Directors to strengthen existing processes and relationships while cultivating new ones to optimize Capsave’s growing business. I look forward to seeking their guidance, especially as the company is set to significantly improve its presence. india rental market.

Bravia Capital is a private, family-owned private equity firm. Established in 2000 by Bharat Bhise, Bravia’s investment portfolio includes a number of interests in transport finance, aviation, finance and logistics. The company is headquartered in new Yorkwith offices at hong kong, Vegas, Bombay, Hanoi and Seoul.

Media Contact

Aditya Bhise, Bravia Capital, 212.935.4466, info@braviacaptial.com

SOURCECapsave Finance Pvt. ltd.