The board of directors of Industrial Investment Trust Limited meeting held December 20, 2023, approved appointment of Mr. S. Thiruvenkatachari, Representative of LIC of India, as an Additional Director on the Board of the Company with effect from December 20, 2023. Mr. S. Thiruvenkatachari is presently holding the charge of Executive Director (CRM/CLMS/Annuities)in LIC of India. He is M. Com Bus-Admn and a Fellow of Insurance Institute of India (FIII) by qualification.

The board also approved appointment of Mr. Sameer Gaikwad as Chief Executive Officer - NBFC Operations and Key Managerial Personnel of the Company with effect from December 20, 2023. Mr. Sameer Gaikwad is MBA (Marketing) and B.E.(Mechanical) by qualification. He possesses vast experience in Assets, Liabilities and Payments Department of the Bank.

He has strong business acumen and a proven track-record of stamping success in uncertainties & challenges across the entire gamut of Banking Sales A Operations. He has in-depth understanding of all processes connected with Banking industry including RBI obligations &guidelines. He has held various positions in HDFC Bank, CITI Bank, ICICI Bank Limited, Godrej & Boyce and Growth ally Advisors Private Limited.