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about IndoStar

IndoStar is a non-banking finance company "NBFC" registered with the Reserve Bank of India as a systemically important non-deposit taking company. We are a professionally managed and institutionally owned organization engaged in providing structured term financing solutions to corporates, used and new Vehicle Financing for transporters, Home Finance through our wholly-owned subsidiary IndoStar Home Finance Private Limited and loans to SME borrowers in India.  We have loans to suit your requirements so that your life takes-off.  We are committed to finding new ways to develop value-based and innovative financial solutions for our customers.

Credit Ratings

IndoStar is rated by CARE Ratings Ltd., ICRA Limited, CRISIL Limited and India Rating & Research Private Limited (Fitch Group). IndoStar enjoys AA - (minus) rating for Long-Term borrowings and highest short-term rating of A1 + (plus) for Short-Term borrowings.

Long-Term

Instrument Debt Programme

Instrument Market Linked Debentures

Short-Term

Instrument Commercial Paper

Management

  • MR. SHRIPAD DESAI

    MR. SHRIPAD DESAI

    He has 18+ yrs. of experience across Construction Finance, Mortgage Lending, SME sales & risk management functions. He worked with Deutsche Bank, L&T Housing Finance, Reliance Home Finance, Standard Chartered Bank, Centurion Bank of Punjab, IDBI Bank, ICICI Bank and Gruh Finance. He is an MBA from MGM’s Institute of Management and he holds a diploma in Taxation Law from M.P. law College.

  • MR. PRASHANT JOSHI

    MR. PRASHANT JOSHI

    Prashant Joshi is the Chief Operating and Risk Officer and has been associated with the Company since August 1, 2016. He holds a bachelor’s degree in commerce from University of Bombay and a post graduate diploma in management from the Indian Institute of Management, Calcutta. He has more than 20 years of experience across small and medium enterprises, and corporate banking. He has previously worked with Deutsche Bank AG, Standard Chartered Bank, IDBI Bank Limited and ICICI Limited. His function and areas of experience in the Company pertains to operations, technology and administration related functions.

  • Promoter and Promoter Group
    59.30%
  • Foreign Portfolio Investor
    12.10%
  • Mutual funds/Financial institutions/Banks
    11.16%
  • Other
    17.44%

CSR at IndoStar

Corporate social responsibility is an integral part of our company culture. As a responsible corporation, we respect the interests of our Stakeholders-our shareholders, employees, customers, suppliers, teaming partners, and the wider community. Also, we actively seek opportunities to improve the environment and contribute to the well-being of communities in which we operate. Our CSR initiative focuses mainly in the areas of sanitation, education and women empowerment through skilling and development.

CSR
  • Avasara Academy

    Promoting Education

    AVASARA ACADEMY

    Through Avasara Academy, IndoStar has contributed towards providing education to adolescent girls from economically weaker sections of the society. Based on the Cambridge curriculum, with an emphasis on leadership, entrepreneurship, and Indian studies, the Academy is equipping young women with essential tools to navigate life after school. Set up as a residential learning programme in Pune, the Academy continues to expand, introducing new facilities such as libraries and hostel accommodation. The students and their parents have changed their perception of receiving education; parents are now willing to send their kids to school to complete their schooling. The teaching techniques used here are more practical which prepares students for real life scenarios. The students get an equal opportunity to actively involve themselves in sports as they have access to the Oxford Golf ground in Pune.

  • Empowering Women

    Empowering Women

    Population First

    This initiative promotes the economic empowerment of women through vermi-composting. Learning this skill equips members of villages with a life-long method of earning money while living a healthier life. Women have become more confident and have the ability to contribute towards household incomes, while also being further committed to developing their marketing skills to increase sales. Children in schools are learning the importance of hygiene and have become advocates for the construction of kitchen gardens and soak pits in their community.

Sanitation

Sanitation
Centre for Environmental Research and Education (CERE)

Under the Water Conservation and Rainwater Harvesting Project, conducted at the Ploice HQ in Naigaon, IndoStar contributed towards the augmentation of water for the police family of the region. This project has yield notable environmental and social outcomes:

  • Harvesting 38.8 million litres of rain water every year.
  • Increase in ground water table of the entire Naigon precinct area in Dadar.
  • Recharge of defunct bore wells.
  • Decrease in soil salinity and salt water ingress
  • Better maintenance of 3 large police grounds which is used for training, parades and sports
  • Improved living conditions in police colonies as they used the water for household chores
  • Promotion of environmental sustainability within police force
  • Water access for tree plantation drive in the police colonies

All the members of the police community have been enthusiastically involved in this project, being actively involved in CERE to complete it on time. The families were trained on the usage and saving of water, thus, helping a deserving section of society that is usually ignored.

About IndoStar Company | IndoStar Home Finance Private Limited (IHFPL)