IndoStar Capital Finance Limited , a prominent player in the financial services sector, has announced a significant addition to its leadership team. The company has appointed Ms. Jasmine Bawa as its new Chief Human Resources Officer (CHRO), effective October 01, 2025.

Key Appointment Details

• Position: Chief Human Resources Officer (CHRO)
• Effective Date: October 01, 2025
• Employment Type: Full-time
• Classification: Senior Management Personnel

Professional Background

Ms. Jasmine Bawa brings a wealth of experience to her new role at IndoStar Capital Finance. With over 15 years of experience in the human resources field, she has built a strong reputation across leading financial institutions and fintech companies. Her expertise spans various critical areas of HR management, including:

• Talent Engagement
• Performance Management
• HR Business Partnering
• Compensation Management
• Succession Planning
• Resource Planning
• Employee Engagement
• Talent Acquisition

Corporate Governance

The appointment of Ms. Bawa was disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. IndoStar Capital Finance Limited promptly informed the National Stock Exchange of India Limited and BSE Limited about this significant personnel change, demonstrating its commitment to transparent corporate governance.

Company's Perspective

By bringing Ms. Bawa on board, IndoStar Capital Finance Limited appears to be strengthening its human resources capabilities. Her extensive experience in the financial sector, combined with her expertise in various HR functions, is likely to contribute to the company's strategic human capital management and overall organizational development.

This appointment underscores IndoStar's focus on building a strong leadership team to drive its business forward in the competitive financial services landscape. As the company continues to evolve, Ms. Bawa's role will be crucial in aligning human resources strategies with the organization's broader business objectives.

The financial community and stakeholders will be watching closely to see how this new addition to the senior management team will influence IndoStar Capital Finance's human resources policies and practices in the coming years.

IndoStar Capital Finance Limited has taken a significant step in its retailisation strategy by selling a substantial portion of its legacy corporate loan book to Phoenix ARC Private Limited. The transaction, which was completed on August 25, 2023, involved Stage 2 accounts with outstanding dues amounting to Rs 915.00 crore.

Transaction Details

The sale was executed through an ARC (Asset Reconstruction Company) sale under the Swiss Challenge method, with the accounts being resolved at carrying value. This move aligns with IndoStar's strategic shift towards retail lending and away from corporate loans.

Regulatory Compliance

The transaction was carried out in accordance with the RBI Transfer of Loan Exposures Directions 2021, ensuring adherence to regulatory guidelines for such sales. This compliance underscores IndoStar's commitment to following proper procedures in its portfolio management activities.

Strategic Implications

This sale marks a pivotal moment in IndoStar Capital Finance's ongoing transformation:

• Retailisation Focus: By divesting a significant portion of its corporate loan book, IndoStar is reinforcing its strategy to focus more on retail lending.
• Balance Sheet Management: The move is likely aimed at improving the company's asset quality and reducing exposure to potentially stressed corporate assets.
• Risk Mitigation: Transferring Stage 2 accounts to an ARC could help IndoStar in managing its risk profile more effectively.

Market Impact

The transaction represents a substantial shift in IndoStar's loan portfolio composition. Investors and market analysts will likely be watching closely to assess the impact of this move on the company's financial health and future growth prospects.

As IndoStar Capital Finance continues to execute its retailisation strategy, this transaction stands out as a significant milestone in its journey towards reshaping its business model and loan book structure.