Mumbai, 23 October 2024: We are pleased to announce the appointment of Mr Samrat Gupta as the Managing Director, Arka Fincap Limited with effect from October 23, 2024.
Mr Samrat Gupta, in his previous role was the Managing Director & CEO at Tata Motors Finance Limited (TMF). Under his leadership, TMF experienced significant growth with strategic focus on enhancing shareholder value.
It is also informed that Mr Vimal Bhandari, the current CEO and Executive Vice Chairman, will be superannuating. We would like to thank Mr Vimal Bhandari for his contribution to the company over the last 6 years, and would like to wish him the very best in his future endeavours. Mr Bhandari will move from his executive role into a non executive role, on the Board of the company effective October 23rd, and will guide Mr Gupta as he transitions to the new role.
“We have successfully built a great organization over the last 6 years, with a strong track record. I am confident that Samrat will be the right leader to take the company into its next phase of growth,” said Vimal Bhandari, outgoing CEO, Arka Fincap Limited.
“We have always believed in building organizations that deliver value to all our stakeholders and we look at our businesses with a long term view. Vimal, as the founder CEO of the company has built a business with strong fundamentals, and I am sure that Samrat will continue to take the organization forward to great heights. Samrat brings a wealth of diverse experience from working with different organizations and has a proven track record of building great institutions. We are excited to have him join us,” said Gauri Kirloskar, Non-Executive, Non Independent Director, Arka Fincap Limited.