NewsIndoStar Capital Finance announces senior management restructuring with new CTO appointmentIndoStar Capital Finance announces senior management restructuring with new CTO appointment
IndoStar Capital Finance Limited announced strategic senior management changes effective January 20, 2026, re-designating Amit Kothari from CTO to Chief AI Officer and appointing Shivam Choudhary as new CTO. The new CTO brings 19 years of IT experience with expertise in digital transformation, fintech innovation, and enterprise technology solutions. These appointments strengthen the company's technology leadership capabilities in AI and digital transformation areas.
*this image is generated using AI for illustrative purposes only.
IndoStar Capital Finance Limited has announced strategic changes to its senior management team, effective January 20, 2026. The company communicated these developments to the National Stock Exchange of India and BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Leadership Restructuring Details
The management changes involve two key appointments within the technology leadership structure. The company has re-designated Mr. Amit Kothari from his current position as Chief Technology Officer to the newly created role of Chief AI Officer. Simultaneously, Mr. Shivam Choudhary has been appointed as the new Chief Technology Officer, both positions classified as Senior Management Personnel.
| Position Details: | Mr. Amit Kothari | Mr. Shivam Choudhary |
|---|---|---|
| Change Type: | Re-designation | New Appointment |
| New Role: | Chief AI Officer | Chief Technology Officer |
| Effective Date: | January 20, 2026 | January 20, 2026 |
| Relationship Status: | NA | None |
New CTO Profile and Experience
Mr. Shivam Choudhary brings extensive experience to his new role as Chief Technology Officer. His professional background spans 19 years in Information Technology, with specialized expertise in several critical areas:
- Digital Transformation: Leading large-scale technology initiatives across diverse industries
- Fintech Innovation: Driving technological advancement in financial services
- IT Strategy: Developing comprehensive technology roadmaps for organizational growth
- Enterprise Solutions: Successfully implementing technology solutions to optimize operations and enhance customer experience
Strategic Technology Leadership
The new CTO has demonstrated proven capabilities in managing substantial technology investments. His experience includes strategically managing multi-million-dollar IT budgets while ensuring cost optimization and maximizing returns on technology investments. This expertise aligns with the company's focus on sustainable growth through technological advancement.
Regulatory Compliance
The appointments were formally communicated through proper regulatory channels, with Company Secretary & Compliance Officer Shikha Jain signing the official notification. The disclosure follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, ensuring full compliance with listing obligations and disclosure requirements.
These strategic appointments reflect IndoStar Capital Finance's commitment to strengthening its technology leadership capabilities, particularly in artificial intelligence and digital transformation areas critical to modern financial services.
Historical Stock Returns for IndoStar Capital Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -6.67% | -7.05% | -25.00% | -17.92% | -22.80% | -36.41% |
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