Chief Operating Officer
Prakash Rayen has over 20 years of experience in the BFSI segment, spearheading the Technology initiatives of the retail assets division. He had been associated with Cholamandalam DBS for more than a decade and was instrumental in setting up and managing their retail finance technology. Later, he joined Development Credit Bank as Head – Retail Asset Technology and Business Intelligence. He joined a start up housing finance firm, Aptus Value Housing Finance, just after the incorporation and much before the commencement of business.
At all places, Prakash has been instrumental in creating and maintaining the IT strategy in line with the demands of the organization and in keeping up with current best practice in the financial services sector.
His active contribution included setting up a robust IT platform which not only complies with regulator’s requirement, met the management requirement in terms of reporting and MIS but also meets the complete customer needs of the segment.
At Aptus, he had been responsible for setting up the entire IT platform of the organization from scratch, identifying and putting in place right solutions for the lending product and managing the technological challenges coinciding with the growth of the organization and leading the many IT innovations.
Prakash is a post graduate in computer applications (MCA) from St.Joseph’s College,Trichy. He is also a qualified oracle database administrator.
Chief Financial Officer
Suchindran as Chief Financial Officer at Veritas Finance, handles the functions of Finance, Treasury, Risk Business Planning, Investor Relations etc. He was earlier the CEO of IFMR Investment Adviser Services Private Limited, the fund management and investment advisory arm of IFMR Trust, where he successfully launched the fund platform in the alternative investment fund space. He has experience of more than 14 years in capital markets and development finance industry. He has previously worked with Equitas Group where he was heading investor relations and business planning at Equitas Holdings Private Limited as well as Treasury, MIS and Risk division at Equitas Micro Finance Private Limited and Equitas Finance Private Limited.
Prior to that he worked as Vice President – Operations at Variman Capital Market Services, Treasury Analyst at Citibank NA and part of Corporate Treasury team at Cholamandalam Investment. Suchindran is a qualified Chartered Accountant (FCA), Cost & Management Accountant (Grad.CWA) and Company Secretary (ACS).
Senior Vice President - Working Capital
Nicholes comes with more than two decades of experience in housing finance industry. Prior to joining Veritas Finance, Nicholes was with Mahindra Rural Housing Finance as DGM (Operations) where he was overseeing the business, credit and collection verticals. He set up the operations for Mahindra in South. Commencing the business in 2008 with a six member team Nicholes built a strong distribution network of 100 branches with over 600 employees in a span of six years.
He was earlier with Dewan Housing for more than a decade, handling the housing finance business in various capacities including Branch Manager, Area Manager and as Head of Special Initiatives.
A deeply committed individual, with in-depth knowledge of the semi urban and rural markets in south, strong leadership qualities, successful in managing and motivating large teams, Nicholes has a huge passion to contribute in making inclusive financing a great success.
Senior Vice President - Mortgages
Sheik heads the sales team at Veritas Finance. Sheik has more than a decade of experience in financial services with specific reference to commercial vehicles and mortgage lending space. He has been responsible for setting up the sales team, vast distribution networks across the southern states and leading a high performing team to excellence in sales and won accolades many times in all the organizations he has been associated with Highly enthusiastic worker, a natural leader and a performance driven individual who has the right mix of commitment and passion towards the work.
Starting his career as Management Trainee, he has grown to hold senior level positions in sales including Regional Manager, GM sales etc in the past. Prior to joining Veritas Finance, Sheik was working in organisations including Shriram Transport Finance, Cholamandalam Investments and Finance. Sheik has Bachelor’s Degree in Engineering and has undergone Management Training in IIM Kozhikode.
Vice President – East
Sekhar will spearhead Veritas Finance foray into the Eastern States – Odisha, West Bengal, Jharkhand and Chhattisgarh. Sekhar has more than fifteen years of experience in financial services with focus on housing, mortgage & unsecured lending space. Sekhar brings with him an ability to build and manage a large team of sales people for range of financial products. Apart from directly managing a large team of field executives, he has also handled channel partners and has developed and trained large no of DSAs apart from direct sales teams.
He has also been responsible for setting up new branches and vast distribution networks across the eastern states like West Bengal, Odisha, Jharkhand and has excelled in every organization he has been part of. Prior to joining Veritas Finance, Sekhar was working in organizations including Shriram City Union, Cholamandalam Investments and Finance, HDB, CBOP, HSBC. He has done his Post Graduation Degree in Management from Devi Ahilyabai University, Indore.
Vice President – Credit
Krishnaraj has rich experience in financial services, most of which is in Credit function. He is a seasoned Credit Manager, with over two decades of experience cutting across credit, operations, risk management, recovery and collections.
Before joining Veritas Finance , Krish was with Cholamandalam as DGM Credit / Operations – Vehicle Finance Recognized and awarded the Best Credit Manager, Krish has handled the credit operations of most branches and locations in Tamillnadu and been instrumental in ensuring quality portfolio growth in the region over the years.
He has been involved with the organization in its most robust growth phase and adapted to the various challenges during this phase quickly.
He is credited with introduction of many new innovations and first to adapt and put in place any new initiatives including Risk Scoring Model, Lean Cell Concept in the Vehicle Finance vertical An excellent team player, Krish handled a large team which included Area Credit Mangers and Branch Credit Managers apart from Credit Officers. He is highly regarded for his deep association with the entire team and imparting knowledge through constant training and development of not only the credit officers but also the sales team.
Krish is an MBA graduate from PSG Institute of Technology.
Vice President - Legal
Kanchana heads the Legal function at Veritas Finance. She has more than 19 years of experience in Legal, Litigation, Documentation issues with specific reference to Mortagages. She has rich experience in banking and financial services sectors and has worked in several organizations including Vijaya Bank, Lakshmi Vilas Bank, Cholamandalam and Aptus Value Housing finance. She was heading the legal function at Aptus and was responsible for setting up the legal team, putting in place robust legal scrutiny of the documents, Project clearances, training the branch legal officers, preparing various agreements and contracts, drafting, vetting of documents, legal opinion and securitization of property documents, monthly reporting of Management Information System.
She has also handled the document management and was a custodian of security documents. She spearheaded several legal recovery actions through arbitration, Sec 138 NI and Civil and Criminal suits against willful default customers. Kanchana is a legal graduate and holds the professional Degree in Law (B.A B.L) from Dr Ambedkar Law College Chennai. She has also mastered an Advance program on Human Resources Management from IIM – Lucknow.
Vice President - HR
Kumaresh is a post graduate in Personnel Management from Pune University. As a HR professional he has more than 20 years of experience spanning across industries, large part of which is in the financial services industry. He has handled all functions of HR , including Recruitment, HR operations, Employee Engagement , Training, PMS etc. He is well versed in operations of asset based lending – Vehicle Finance, Home equity and Home loans and is extremely adept at managing employee issues, conflicts and grievances. He has experience of mobilizing and managing large teams in financial services industry and proven skills in implementing end to end HR processes, sourcing leadership talent, knowledge of latest technologies, emerging trends and ability to deploy them across HR functions.
Prior to joining Veritas Finance he was associated with Equitas small finance bank and Cholamandalam Finance Ltd.
Priyanka Misser is the Company Secretary at Veritas Finance. Priyanka, a School Topper, holds a Bachelor’s Degree in Accounting and Finance from MOP Vaishnav College and is a Qualified Company Secretary (ACS) from the Institute of Company Secretaries of India. She has also completed CA (Inter) and pursuing her Finals. Adjudged as the best participant in the MSOP training which she underwent as part of the CS curriculum, Priyanka has always excelled in all her academic pursuits.
Apart from studies, she has also won several prizes for Extempore, Writing, Quiz Competition and Singing. An avid Blogger, Priyanka is also passionate about writing poetries and short stories.