Leadership Team

Sanjeeb serves as the Head of Internal Audit at SMFG India Credit, where he spearheads the organization's audit function. In this capacity, he is responsible for the overall implementation of risk based internal audit and provides vital assurance to the Audit Committee / Board and its senior management regarding the quality and effectiveness of the entity’s internal control, risk management and governance framework.

With a Chartered Accountancy background, Sanjeeb boasts a wealth of experience exceeding 20+ years in the realms of audit and risk management. His professional journey led him through pivotal roles at Citibank. During his impressive 17-year tenure at Citibank, Sanjeeb undertook key roles across all lines of defence, including internal audit, operational and emerging risk management, spanning various business lines such as retail branches, credit cards, personal loans, home loans, and other asset products. He also contributed towards strengthening mid-office functions like Treasury, Finance, and Operations, leaving an indelible mark. He spearheaded crucial projects related to GRC tool implementation and Regulatory Inventory, gaining invaluable insights into the Consumer business as a whole. 

His leadership extended seamlessly to managing inherent and residual risks within the Consumer business, with a specific focus on the 1st line of defence coverage for business lines like retail branches, ATMs, Digital Banking, and surveillance for Wealth Management, encompassing Investment and Insurance Products, as well as related support functions. He later joined Axis Bank following Axis Bank's acquisition of Citibank's India consumer business earlier this year.

Notably, he was instrumental in leading the project management office for the transition of Citibank's consumer business divestiture to Axis Bank. Sanjeeb's illustrious career also includes stints at HDFC Bank and ICICI Bank, where he contributed his expertise in Audit, Compliance, and Branch Operations.
 

Ajay Pareek is the Chief Business Officer of SMFG India Credit. He is responsible for leading all core businesses, Urban, Rural and Digital businesses. He also leads the Marketing and Customer Experience functions.

Ajay has more than 24 years of experience in the financial services sector. He had a very successful stint of over 13 years as the Head of Urban Business at SMFG India Credit. During his tenure, he was responsible for designing the product strategy, setting up the secured and the unsecured businesses, expanding the branch network, and made significant contributions towards tapping the potential of emerging markets, third-party products, and more. He has also worked with Aditya Birla Finance Ltd., Jana Small Finance Bank, CitiFinancial Consumer Finance India ltd. and A. F. Fergusons & Co. In his career, he has been responsible for business planning, sales & distribution, launching new products & processes, credit underwriting, collections, product strategy and setting-up and running large distribution networks.

He is a Chartered Accountant and a Harvard SELPI alumnus.

Mr. Swaminathan Subramanian is the Chief Operating Officer (COO) for SMFG India Credit. He is responsible for managing Operations, Technology, Cyber Security, Credit Underwriting, Legal, Human Resources, Enterprise Services, and ESG functions for the company. 

With his extensive experience and proven leadership skills across a broad range of organizational priorities, Mr. Subramanian has played an integral role in driving the company’s transformation agenda. Guided by strong business acumen and the ability to operate in complex business environments, he has consistently delivered results by taking strategic decisions which have had strong business impact. 

Swami has held leadership roles across India, the Middle East, Africa and UK in multinationals and large Indian business houses. 

He is a gold medalist in Engineering from Jadavpur University, and holds an MBA from XLRI Jamshedpur.

Pankaj Malik is the CFO at SMFG India Credit. His responsibilities include financial planning & accounting, taxation, company secretarial, corporate governance, and treasury functions.

Pankaj has over 25 years of experience and has worked in various capacities across finance & allied functions. Prior to joining SMFG India Credit, Pankaj was associated with COLT Telecom, an affiliate of Fidelity international. As their Financial Controller and Company Secretary, he was instrumental in setting up their India operations. In his earlier stints, he was associated with GE Commercial Financial and Motherson Sumi Systems Limited in various capacities.

Pankaj is an alumnus of Harvard Business School. He is also a qualified Chartered Accountant, Company Secretary, Cost Accountant and Certified Public Accountant from the State of Colorado, USA.

Srinivasan Balachander is the Group Chief Compliance Officer of SMFG India Credit.

In over 3 decades of experience in Banking, he has held various roles, mainly in the Compliance function. He had a successful stint as Chief Compliance Officer at SMFG India Credit where he managed Compliance risk for both legal entities, SMICC & SMHFC. In his previous stint at Union Bank of India he managed Inter Departmental co-ordination for compliance issues, risk-assessment, testing, risk mitigants, monitoring & resolution. He has worked with Bandhan Bank & Axis Bank as Chief Compliance Officer, where he successfully managed Compliance Risk for the banks. He has also worked with organizations such as Global Trust Bank & The Vysya Bank.

He holds a PG Diploma degree in Business Data processing from Bharathidasan University.

Sanjeeb serves as the Head of Internal Audit at SMFG India Credit, where he spearheads the organization's audit function. In this capacity, he is responsible for the overall implementation of risk based internal audit and provides vital assurance to the Audit Committee / Board and its senior management regarding the quality and effectiveness of the entity’s internal control, risk management and governance framework.

With a Chartered Accountancy background, Sanjeeb boasts a wealth of experience exceeding 20+ years in the realms of audit and risk management. His professional journey led him through pivotal roles at Citibank. During his impressive 17-year tenure at Citibank, Sanjeeb undertook key roles across all lines of defence, including internal audit, operational and emerging risk management, spanning various business lines such as retail branches, credit cards, personal loans, home loans, and other asset products. He also contributed towards strengthening mid-office functions like Treasury, Finance, and Operations, leaving an indelible mark. He spearheaded crucial projects related to GRC tool implementation and Regulatory Inventory, gaining invaluable insights into the Consumer business as a whole. 

His leadership extended seamlessly to managing inherent and residual risks within the Consumer business, with a specific focus on the 1st line of defence coverage for business lines like retail branches, ATMs, Digital Banking, and surveillance for Wealth Management, encompassing Investment and Insurance Products, as well as related support functions. He later joined Axis Bank following Axis Bank's acquisition of Citibank's India consumer business earlier this year.

Notably, he was instrumental in leading the project management office for the transition of Citibank's consumer business divestiture to Axis Bank. Sanjeeb's illustrious career also includes stints at HDFC Bank and ICICI Bank, where he contributed his expertise in Audit, Compliance, and Branch Operations.