Governance

Our visionary leader behind IKF, Mr. V.G.K. Prasad, our Founder and Director. With a legacy dating back to 1991, he is a true veteran in the field of Vehicle Finance. His extensive experience and dedication to the industry have earned him a prominent place in the sector.

Mr. Prasad’s commitment to excellence extends beyond IKF. He has served as the President of the Krishna District Auto Financiers Association and held the prestigious position of President at the Federation of Indian Hire Purchase Associations (FIHPA), further showcasing his leadership and influence in the industry.

In addition to steering IKF to success, Mr. Prasad has also forged strategic partnerships with industry giants such as BHPC (Bureau of Hire Purchase and Credit) of TELCO, HDFC Bank, Sundaram Finance, and many more. His ability to foster such collaborations demonstrates his knack for building strong industry connections.

Under his guidance, IKF continues to thrive and innovate, driven by his unwavering dedication to the world of Vehicle Finance. Mr. V.G.K. Prasad’s enduring legacy and visionary leadership continue to inspire the IKF team as we chart our path toward a brighter future in the world of finance.

Ms. Vasumathi, a prominent figure in the leadership team of IKF Finance and the daughter of our esteemed Founder, V.G.K. Prasad. With an impressive 15-year tenure with IKF Finance, she brings a wealth of experience and expertise to her role.

Before joining IKF Finance, Ms. Vasumathi had an illustrious career in IT and Telecommunications spanning over a decade in the USA. Her background in this dynamic field has enriched her leadership capabilities and brought a global perspective to her role.

As the director overseeing the overall Vehicle Financing business, Ms. Vasumathi plays a pivotal role in shaping the company’s credit policies, technological advancements, and system enhancements. Her leadership has been instrumental in driving the growth and success of this vital segment.

One of Ms. Vasumathi’s remarkable achievements was spearheading the expansion of IKF into Western and Central India. Her strategic vision and execution skills led to the company’s successful presence in these regions. Additionally, she played a crucial role in upgrading our IT infrastructure and automating various critical processes, enhancing efficiency and customer experience.

Ms. Vasumathi holds a Bachelor’s degree in Electronics and Communication Engineering and an MBA in Global Management from the USA. Her diverse educational background, coupled with her extensive industry experience, makes her an invaluable asset to the IKF Finance team.

Ms. Vasumathi’s leadership is characterized by innovation, adaptability, and a relentless commitment to excellence. Her contributions continue to drive IKF Finance’s growth and success in the competitive financial landscape.

She is daughter of our esteemed Founder, V.G.K. Prasad. With a decade of dedicated service to the IKF Group, she brings a wealth of knowledge and a relentless passion for excellence to her role.

A Bachelor of Pharmacy graduate, Vasantha Lakshmi’s journey in the corporate world began with a prominent administrative role in a leading US pharmacy chain. Her experience in managing operations and teams has been invaluable in shaping her leadership capabilities.

In her initial years with IKF Finance Ltd, she assumed responsibility for overseeing operations in Western India. During her tenure, she not only expanded our branch network across the region but also demonstrated exceptional skill in managing our workforce. This led to enhanced operational efficiency and contributed significantly to our business growth.

In 2017, Vasantha Lakshmi transitioned seamlessly to IKF Home Finance Limited, where she has continued to shine as the Managing Director. Under her visionary leadership, our Assets Under Management (AUM) soared past 500 crores in 2022, reaching an impressive 800 crores. Her strategic acumen and unwavering commitment have been instrumental in expanding our branch network and strengthening our workforce.

Vasantha Lakshmi’s dynamic leadership is built upon a foundation of diverse experience and a deep understanding of the industry. Her exceptional guidance has been pivotal to our organization’s success, and we eagerly anticipate her continued visionary direction as we embark on a promising future.

Mr. Radhey Shyam Garg, a distinguished Independent Director on our board. With a career spanning diverse sectors, his invaluable contributions and expertise have been instrumental in shaping our organization.Mr. Garg’s journey in the legal field began with his practice at the esteemed Delhi High Court, where he honed his skills and built a solid foundation in law until July 1983. Following this, he ventured into the corporate world and joined the Industrial Development Bank of India (IDBI) as a Law Officer, where he served with distinction until 1989.

In February 1989, Mr. Garg embarked on a new chapter in his career by joining the National Housing Bank (NHB) as a Manager. His exceptional capabilities and dedication led to a series of key positions within NHB, culminating in his appointment as Executive Director in November 2011. He continued to serve NHB with distinction until his well-deserved superannuation in April 2017.

Presently, Mr. Garg has returned to his roots as a practicing Advocate at the Delhi High Court, bringing a wealth of legal expertise to his role. Additionally, he serves as a corporate consultant in the domain of mortgage finance, sharing his insights and knowledge with the industry.

Notably, Mr. Garg is the founder and Chairman of the Advisory Board of Pioneer Housing Finance Academy, reflecting his commitment to nurturing talent and excellence in the field of housing finance.

His multifaceted career journey, encompassing legal practice, banking, and advocacy, has made Mr. Radhey Shyam Garg a valuable asset to our organization. His extensive experience and deep industry insights continue to guide us towards success and excellence.

Sri A C Rout was Executive Director of Bank of Maharashtra (BoM) from March 31, 2017 to March 30, 2020. Prior to BoM assignment, Sri Rout was the Chief General Manager (CGM) of State Bank of Bikaner and Jaipur (SBBJ).

Sri Rout is a professional banker having more than 36 years’ experience, joined State Bank of Hyderabad (SBH) as a Probationary Officer in 1983 and held variegated important assignments in three different Associate Banks of State Bank of India (SBI) viz. SBH, State Bank of Patiala (SBP) & SBBJ and BoM.

As ED of BoM Sri Rout was responsible for policies, strategies implementation as to Corporate Credit, Integrated Treasury Management, Financial Management & Accounting, Human Resources Management, Information Technology, Capital Raising, Credit Monitoring, Recovery Management and Legal. Played a key role in turnaround of the Bank and exit of BoM from Prompt Corrective Action (PCA) w.e.f. January, 2019.

Sri Rout born on April 13, 1960, holds a Post Graduate degree in Physics from Utkal University, Bhubaneswar and Master of Business Administration with specialization in Finance from Jawaharlal Nehru Technological University, Hyderabad. He is a Certified Associate of Indian Institute of Bankers, Mumbai; a Qualified Insolvency Professional and a Registered Valuer (Securities or Financial Assets Class) accredited with IBBI.

Aryendra Kumar is a seasoned financial services leader with extensive experience across Housing Finance, MSME Lending, Agri & Commodity Finance, and Consumer Finance. Over his three-decade career, he has built and scaled businesses across Banks, HFCs, and NBFCs, with deep expertise in Affordable & Micro Housing, Retail and Rural Lending, LAP, Developer Finance, Credit, Collections, and Fund Raising.

A core Mortgage Finance professional, Aryendra has led large teams, managed diverse portfolios, and driven transformational growth across organisations. His international exposure includes managing consumer finance operations for GE Capital in the UK.

He currently serves on the Board of IKF Home Finance as a Non-Executive Director and on the Board of NBFC as an Independent Director, while also advising HFCs, NBFCs, and SFBs on strategic initiatives. He contributes to industry capability building through the National Housing Bank’s Certificate Program on Housing Finance.

In his recent executive role as ED & CEO of IKF Home Finance, he was a founding member and contributed to the growth of business.  He previously served as MD & CEO of NCML Finance and held senior leadership roles at Ujjivan SFB, Tata Capital Housing Finance, and Citibank.

Mr. Kanad Kishor Chaudhari is a Chartered Accountant with a Bachelor’s Degree in Commerce and an MBA from the Indian Institute of Management, Bangalore. He has over 11 years of experience in private equity, including 2 years with ICICI Investment Management and more than 9 years with MO Alternates. At MO Alternates, he leads financial services investments across the private equity life cycle, covering deal evaluation, execution, portfolio management, fund raising, and investor relations.