Fullerton India Credit Co. Ltd. is Now SMFG India Credit Co. Ltd.

Leadership Team

Shantanu Mitra

Shantanu Mitra

CEO & Managing Director

Mr. Shantanu Mitra is the Chief Executive Officer & Managing Director of SMFG India Credit Company Limited (Formerly Fullerton India Credit Co. Ltd.). He is also the Chairman, Non-Executive Director of SMFG India Home Finance Co. Ltd. (Formerly Fullerton India Home Finance Co. Ltd.).

Mr. Mitra has over 40 years of experience in financial services, with over 20 years at Standard Chartered Bank and Citibank where he had stints in India, Singapore and Thailand. His last role in Standard Chartered Bank was Senior Regional Risk Officer, India, Middle East & Africa, based in Mumbai. His previous experience with SMFG India Credit included a stint from 2010 to 2017, initially as Head of Consumer Risk for the parent company Fullerton Financial Holdings, Singapore and subsequently a very successful tenure as CEO & MD with SMFG India Credit.

He has extensive experience in Risk Management, spanning many geographies in Emerging Markets including Asia, Africa and the Middle East. Mr. Mitra holds a BSc in Statistics from the University of Calcutta, India and is a Member at Institute of Chartered Accountants, England & Wales. Since his previous retirement from SMFG India Credit, Mr. Mitra has served in various Board and Advisory capacities including, Non-Executive Director at DBS Bank, India; and Operating Partner with Global PE firm, Advent International including as Advisor in their portfolio companies.

Ajay Pareek

Ajay Pareek

Chief Business Officer

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.