Our mission and values

WHAT WE DO

MISSION

Ensuring sustainable growth of Assets & Loan Financing NBFCs in India

VISION

To contribute to development of the non-banking financial sector in India by promoting self-regulation, compliance and governance among members and to act as a bridge between lending NBFCs and the regulators.

OBJECTIVES

OUR SUCCESS

To ensure disciplined and healthy growth of NBFCs.

To ensure that each member company functions effectively as part of the financial system.

To provide proper protection to the depositors/investors.

To redress individual grievances of members.

To have effective liaison with the regulators and the government.

To assist the regulators in the policy formation and monitoring of the Sector.

To achieve effective co-ordination amongst the members in matters of common interest.

To improve the image and enhance the credibility of the Sector in order to infuse confidence in the minds of depositors, investors

KEY ACTIVITIES

OUR ACTIVITIES

Pro-active and responsive Representations on all issues concerning NBFC/BFSI Sector to various authorities

Invited by the Finance Minister for Pre-budget discussion for the last 8 years

Invited by the Governor/Dy-Governor and other senior officials at RBI for Policy and supervision related matters.

Invited by RBI to address senior state govt. and state police officers

Invited by Economic Advisory Council to the P.M. for discussion on steps to be taken to boost credit off take in retail lending

Invited by ALL the relevant Expert Committees / Task Force setup by Govt of India / RBI

Invited by Parliamentary Standing Committees on Finance, Insolvency & Bankruptcy Code and SARFAESI Act on Legislative Enactments/amendments

Invited to present at the leading National and International Conferences/Conventions

Invited to be Spokesperson and Panel Discussion on various aspects by Print & Electronic Media

KEY ACHIEVEMENTS

OUR ACHIEVEMENTS

After consultation with FIDC, Govt. of India announced a special line of credit for NBFCs engaged in commercial vehicle financing in the stimulus package announced in January, 2009

FIDC Handbook on Repossession A comprehensive document on all aspects relating to Repossession in case of default Released by Dr. Justice AR.Lakshmanan, Former Supreme Court Judge and Chairman, Law Commission of India

FIDC News A newsletter circulated on quarterly basis

National Summits on NBFCs jointly with ASSOCHAM

World Bank Group has collaborated with FIDC to conduct Training Programmes for NBFCs on Commercial Credit Reporting and Asset-based Lending

FIDC organises and partners with various Institutions like World Bank Group (IFC),ASSOCHAM, IMC Chamber of commerce & Industry, B2B Infomedia, Ibex, Elets, IFI, Banking Frontiers, ET Edge, Synnex, BQ Global, Finnoviti, FINX etc.for their Seminars, Training Workshops and Award Functions in BFSI Sector all over India.

MANAGING COMMITTEE

The Board of Directors and Governing Council of FIDC give representation to small / medium and large NBFCs. The Board of Directors/Governing Council Committee meetings are held at least, once in every quarter in major cities of Delhi, Mumbai, Chennai and other cities on rotation basis. We ensure detailed interaction with the Affiliated Associations/ Regional Associations/ Leading local players during these Meetings.

AFFILIATED ASSOCIATIONS

OUR ASSOCIATIONS

  • In addition, FIDC nominates independent experts in the financial world as its Advisory Council Members

  • Apart from being headquartered at Mumbai, FIDC has affiliated associations all over India which cater to the local issues of NBFC sector.

  • Finance Companies Association (India), Chennai

  • Punjab & Haryana Finance Cos Association, Jalandhar

  • Gujarat Finance Companies Association, Ahmedabad

  • Delhi Hire Purchase & Leasing Companies Association, Delhi

  • We are also part of Managing/BFSI/NBFC Committees at the leading Apex bodies like ASSOCHAM, FICCI, CII, PHDCCI and IMC Chamber of Commerce & Industry

FIDC DIRECTORS

Our Teams

Umesh Revankar

Chairman

TT Srinivasaraghavan

Chairman Emeritus

KAMLESH GANDHI

Co-Chairman

K V Srinivasan

Co-Chairman

Mahesh Thakkar

Director General

Ramesh Iyer

Ramesh Aggarwal

V P Nandakumar

Shachindra Nath

Rajiv Sabharwal

Sudipta Roy

Alok Sondhi


FIDC GOVERNING COUNCIL MEMBERS

Our Members


D ARULSELVAN

SAMRAT GUPTA

Yogesh Jain

SHREYANS KASLIWAL

PRAVEEN DUGAR

GAJENDRA SINGH

KAILASHMULL DUGAR

D K JINDAL

FIDC GOVERNING COUNCIL MEMBERS

Apart from Managing Committee, FIDC works through its various expert Committees. These Committees have several members drawn from active and important NBFCs and these members are experts in their respective field. The following are the names of the Committees and their respective Chairmen.

SR. NO.NAME OF THE COMMITTEECHAIRMAN
1.Representation CommitteeMr. K. V. Srinivasan, Director, Profectus Capital Pvt. Ltd.
2.Legal CommitteeMr. N. Narayanann, Head-Legal, Sundaram Finance Ltd.
3.CFO CommitteeMr. S. Sunder, Executive Director, Shriram Transport Finance Co. Ltd.
4.Professional Development Committee Mr Raman Aggarwal, Director, Paisalo Digital Ltd.
5.Membership Development Committee Mr. Alok Sondhi, M.D., PKF Finance Ltd.
6.Grievance Redressal CommitteeMr. Kamlesh Gandhi, Director, Mas Financial Services Ltd.