Satin Creditcare Network Limited (SCNL) has further strengthened its governance framework with the appointment of Ashok Kumar Sharma and Anupam Kunal Gangaher as Independent Directors on its Board.
Their three-year tenures commenced on June 27, 2025, and will be subject to shareholder ratification at the forthcoming Annual General Meeting.
Sharma, a former Executive Director of the Life Insurance Corporation of India, brings over 40 years of leadership across insurance, banking, capital markets, venture capital, and regulatory domains.
Following his retirement from LIC’s landmark IPO advisory role, he served as Director & CEO of LICHFL Asset Management Company Limited, guiding its real estate fund strategy, and most recently contributed to regulatory oversight and banking operations at IDBI Bank as General Manager from October 2022 to March 2024.
Gangaher is a chartered accountant with more than four decades of expertise in audit, taxation and financial advisory. As proprietor of A.K. Gangaher & Co., he has guided Indian and multinational clients in sectors such as manufacturing, hospitality, software and financial services on direct and indirect taxation, transfer pricing and non-resident taxation matters.
These appointments continue a board-strengthening journey that began in 2024 with the induction of two independent directors and follow SCNL’s recent receipt of an AA ESG rating from ESG Risk Assessments and Insights Limited.
With a presence in 29 states and union territories, over 1,568 branches, and a headcount of 16,705 serving 33.6 lakh clients, SCNL remains committed to cultivating a diverse and experienced leadership team to guide its mission of responsible financial inclusion.
Dr. H P Singh, Chairman and Managing Director of Satin Creditcare, remarked that robust corporate governance is a strategic pillar for sustainable growth and stakeholder trust. He added that the company’s balanced mix of independent and non-independent directors underscores its dedication to transparency and strategic oversight as it continues to expand access to microfinance and MSME and affordable housing loans across India.
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