About Us

With over three decades of experience in the asset financing business financing
Overview

Empowering Growththrough Inclusive Finance

We began with a focus on small road transport operators and have since evolved to provide a diverse range of tailoredfinancial solutions. Today, our portfolio spans loans for commercial vehicles, passenger cars, multi-utility vehicles, three-wheelers, tractors, and construction equipment, alongside secured MSME loans, housing loans, and loans against property.In doing so, we enable customers across sectors to pursue and realise their financial goals.

Journey

Our Growth

1991

  • Incorporated as a Private Limited Company
  • Commenced operations with Medium and Heavy Commercial Vehicle (MCV & HCV) financing

1994-95

  • Became a Public company and made first public issue

1998-10

1998-03

  • Commenced Construction Equipment Finance

2004-10

  • Established Multiple Business channel Partners

2012-15

  • Received maiden PE investment from Motilal Investment Advisors Private Limited
  • Extended operations to west
  • Commenced SME Financing
  • Focus shifted to On book AUM growth

2018-20

  • 2nd round of equity infusion
  • Consolidated AUM crossed ₹1,500 crore
  • Diversification of portfolio into Cars and Multi-Utility Vehicles (MUVs), Small Commercial Vehicles (SCVs) and Light Commercial Vehicles (LCVs), Housing and LAP financing
  • Credit rating upgraded to ‘A’

2021-23

2021-22

  • Consolidated AUM crossed ₹ 2,143 Crores

2023

  • AUM surged past ₹ 3,147 Crores
  • Secured ₹ 255 Crores in equity infusion led by Accion
  • Introduced low-ticket MSME lending product

2022

  • Formed strategic partnership with Central Bank of India
  • Consolidated AUM surpassed ₹ 4,811 Crores
  • Received ₹ 120 Crores equity infusion from Accion LP
  • Disbursements exceeded ₹ 2,676 Crores
  • Workforce grew to over 1,500 employees
  • Expanded operations into Odisha

2025

  • Started Product Verticalisation
  • Consolidated AUM surpassed ₹ 6,650+ Crores
  • Upgraded the credit rating to A+
  • Started relationship with Mutual Fund entities
09 +
States
230 +
Branches
50 +
Lending Partners
95000 +
Borrowers
1000 +
Partners
States
50000 +
Borrowers

Vision

To empower millions across India by enabling mobility, shelter, and entrepreneurship through trusted, inclusive, and purpose-driven finance

Mision

To build a profitable and scalable business by offering reliable,responsible financial solutions that support our customers, value our people, reward stakeholders, and contribute to a sustainable future

Core Values

  • Transparency
  • Resilience
  • Integrity
  • Business Pridence
  • Excellency in customer service
Career

Join Us

At IKF Finance, we value people and rely on the alignment of personal and professional growth. We constantly challenge the capabilities of our people, while equipping them with the knowledge and physical infrastructure required to achieve success.

Confident of our mentoring culture and grooming initiatives, we promote organic growth of talent within the organisation and encourage our employees to explore lateral and vertical profile extensions in their endeavour to expand their horizons.

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Driving the Mission

Board of Directors

Mr. VGK Prasad
Founder & Chairman

Mr. VGK Prasad

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Mr. VGK Prasad is a veteran in the Vehicle Finance business. He founded IKF in 1991 and has partnered with industry giants such as BHPC (Bureau of Hire Purchase and Credit) of TELCO, HDFC Bank, Sundaram Finance, etc. He has served as the President of Krishna District Auto Financiers Association & Federation of Indian Hire Purchase Associations (FIHPA), the apex body of Asset Financing Companies. Apart from IKF Finance, he has promoted IKF Home Finance, the subsidiary of IKF Finance.

Ms. K Vasumathi Devi
Managing Director

Ms. K Vasumathi Devi

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Equipped with a BE (Electronics & Communications) and an MBA (Global Management) (USA), Ms K Vasumathi Devi has been associated with the company for the past 15 years. She leads the overall vehicle financing business and specifically focuses on credit, systems, and technology.

She expanded IKF Finance to western and central India and has undertaken upgradation of IT infrastructure and automation of various processes.

She has prior experience of over 10 years in IT and Telecommunications in the US.

Mr. Vinit Mukesh Mehta
Nominee Director (Motilal Oswal)

Mr. Vinit Mukesh Mehta

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Mr. Vinit Mukesh Mehta is a Chartered Accountant and hold a Bachelor's Degree in Commerce from Mumbai University. He brings on board hiss deep experience of raising, investing and returning third party capital across several economic cycles.

He has over 15 years of experience in investment banking (Kotak, KPMG), private equity and Corporate Banking (HDFC Bank). Prior to joining MOPE, He was with Kotak Investment Bank where he led and executed 40+transaction and successfully helped raise more than USD 25 bn across M&A, Private Equity and Capital Market fund raises.

Dr. Sinha S. Chunduri
NRI Director

Dr. Sinha S. Chunduri

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A specialist in Diagnostic Gastro Entrology, engaged as a medical professional for last 35 years in the US, Dr. Sinha is an NRI Director of the Company. Besides being a medical professional, he is associated with several medical institutions in the US, as consultant and director.

He also holds the position of Directorship in Amara Raja Power Systems (P) Limited, an associate concern of Amara Raja Batteries Limited.

MR. Sunil Rewachand Chandiramani
Director (Non-Executive & Independent)

MR. Sunil Rewachand Chandiramani

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Sunil Chandiramani is a Chartered accountant by profession, a qualified Technologist and IT Security specialist as well. He is an Independent Director on the several Listed companies and PE funded organizations such as Ganesh Grains Limited (Board and Audit Committee), Updater Service Pvt Ltd (Board and Audit Committee), Sapphire Foods Limited (Board Chairman, Audit Committee, Stakeholder Committee). He was also on the Board of Jammu & Kashmir Bank (Board, Audit Committee, Nomination and Remuneration Committee, Risk Management Committee, IT Committees, GST Committee) Poonawalla Fincorp Limited (Board, Audit Committee Chair, Risk Management and Stakeholder Committee), and MORE Retail Limited (Board and Audit Committee) an AMAZON and Samara Capital.

Sunil is a Chartered Accountant from Institute of Chartered Accountants of India (1993). He also has his Masters in Systems Management (1991) from National Institute of Information Technology and is also Certified in Risk and Information Security Controls (2010) and Certified Information Security Professional (1995) – from the Information Security and Controls Association, USA. He got his Bachelors in Commerce (1990) from the Sydenham College of Commerce & Economics.

Mr. Raman Uberoi
Additional Director (Non-Executive & Independent)

Mr. Raman Uberoi

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A seasoned professional with a proven track record in building and managing profitable businesses, adept at fostering strong franchises and leading large teams across diversified sectors. Possessing extensive knowledge of corporate India, industries, and regulatory frameworks, with over three decades of experience in analyzing and engaging with over 2000 large and mid-sized corporates, financial institutions, regulators, and policymakers.

He is currently engaged with CRISIL Limited as a Senior Advisor Government & Regulatory Relations as an Independent Director in PG Electroplast Limited, TruBoard Partners Private Limited, Dvara KGFS and as a Member of SEBI Market Data Advisory Committee and  Expert Committee for MSMEs for the Tamil Nadu Government. He also consults with various multilateral organisations like ADB and World Bank.

His notable leadership roles include:

  • Receivable Exchange of India (March 2017 – March 2023): Director.
  • Principal Trustee Company Private Limited (July 2019 – June 2022): Director.
  • Magma Housing Finance Limited (March 2020 – July 2021): Director.
  • Piramal Capital & Housing Finance Limited (March 2017 – March 2020): Senior Advisor & Member Advisory Board.
  • Aspiring Minds Assessments Private Limited (May 2016 – December 2019): Senior Advisor.
  • CRISIL Limited (March 1992- April 2016): Various roles including President Ratings and Corporate Affairs, President CRISIL Risk & Infrastructure Solutions, Chief Operating Officer.

His educational qualifications include Associate Chartered Accountant, Institute of Chartered Accountants of India, 1991, B. Com (Honors), Hans Raj College, Delhi University, 1988.

Mr. Sethuraman Ganesh
Director (Non-Executive & Independent)

Mr. Sethuraman Ganesh

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Mr. Sethuraman Ganesh is a former Principal Chief General Manager of Reserve Bank of India,with 3 decades’ PAN India experience, including 10 years at senior management level.Currently, he holds the position of Independent Director on the Boards of two systemically important NBFCs- Sonata Finance Pvt Ltd. and Indel Money Ltd. He has also served as a Non-Executive Director on the board of BSS Microfinance Pvt. Ltd. In addition, he is a Member of the Advisory Board of the Infimind Institute of Skill Development LLP.

Mr. Ganesh’s work experience spans NBFC MFI board directorship, RBI Nominee Directorship on the Boards of two public sector banks (UCO Bank and Oriental Bank of Commerce), bank supervision, banking ombudsmanship, RBI regional directorship and Management and Delivery of Training as Principal of the Reserve Bank Staff College at Chennai and Faculty Member at the Bankers Training College at Mumbai. Mr. Ganesh has a Master’s Degree in English from Bangalore University and is a Certificated Associate of the Indian Institute of Bankers (CAIIB). He is a certified trainer in Neuro Linguistic Programming (NLP) and has deep interest in Training, Learning and Development.

Mr. Kannan
Additional Director (Non-Executive & Independent)

Mr. Kannan

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Kannan is a seasoned banking professional with extensive experience spanning over four decades. Currently serving as Director (Independent) on the board of Maximus Asset Reconstruction Company Limited in Hyderabad since December 2017, and also contributing as a Member of the Settlement Advisory Committee at Canara Bank.

His notable leadership roles include:

  • Chairman and Managing Director of Vijaya Bank (2014)
  • Executive Director of Oriental Bank of Commerce (2010-2013)
  • Director (Independent) on the board of Canara Robecco Asset Management Company Limited (2016-2021)
  • Member of the Debenture Trustee Committee at Catalyst Trustee Company, Pune, representing debenture holders during the resolution of Dewan Housing Finance Limited (DHFL)
  • Director on the boards of SBI Factors and Canara HSBC Oriental Bank of Commerce Insurance Company Limited

Contributions to various banking associations including the Indian Banks Association and the Foreign Exchange Dealers Association of India.

His illustrious banking career began at Bank of Maharashtra, where he ascended from the position of Probationary Officer to General Manager over a span of 34 years.

Kannan has enriched his expertise through diverse training programs and seminars globally, including sessions at Kellogg School of Management, Chicago, and engagements with regulatory bodies like the Financial Services Authority of the United Kingdom.

His educational qualifications include a B.Sc. (Hons) from Bangalore University, a P.G. Diploma in Business Administration from St. Josephs Institute Bangalore, and the CAIIB (Certified Associate of the Indian Institute of Bankers) certification.

 Mr Robin Bhanwarlal Agarwal
Additional Director (Nominee of Rajadhiraja Limited)

Mr Robin Bhanwarlal Agarwal

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Mr Robin Bhanwarlal Agarwal

Mr. Robin Agarwal has over 14 years of experience across Private Equity and Consulting. He serves as an Executive Director at CR Advisors LLP, where he focuses on growth investments in India and South-East Asia. He holds board positions in several companies, including Kogta Financial and APAC Financial Services. He is an alumnus of the Indian School of Business Hyderabad and the Indian Institute of Technology Bombay