Our Team

APAC’s leadership each has 2-3 decades of demonstrated ability in creating customer-first products, building scale, managing risk & demonstrating profitability at leading financial institutions such as Deutsche Bank, Vistaar Finance, Citibank, Fullerton India, RBL Bank, Axis Bank, ICICI Bank and others. We follow a unique model in which the Leadership Team has invested a significant amount of their own capital along with the Founder. This makes each one of us think like an entrepreneur and aligned to the long-term goals of APAC & our customers.

GUNIT CHADHA

Founder & Managing Director

APAC is promoted by Mr. Gunit Chadha, who has more than 35 years of experience in financial services across prominent leadership roles & entrepreneurship. After leading Deutsche Bank’s franchise in 16 countries across Asia Pacific (including India sub-continent, ASEAN, Greater China, Korea, Japan & ANZ), Mr. Chadha returned to the financial services industry in India in a new entrepreneurial avatar, as Founder of APAC Financial Services, a phygital lending platform focused on micro & small enterprises.  

 

Previously Gunit was MD & CEO, Deutsche Bank India (2003-12) and earlier MD & CEO, IDBI Bank (2000-03). He also held various senior level positions at Citibank in India and New York. Mr. Chadha has been credited for launching / building several new businesses like retail banking, mortgages, SME financing, asset management, investment banking and structured finance. He has been awarded “Banker of the Year”, amongst other honours 

 

Mr. Chadha has served on the Board of the Association of Merchant Bankers in India, on the Managing Committee of Indian Banks’ Association and on several committees of the RBI, CII & FICCI. Mr. Chadha is also a member of the Young Presidents’ Organisation 

 

Mr. Chadha has an economics degree from St. Stephen’s College Delhi, an MBA from the Indian Institute of Management, Ahmedabad and an advanced management program from The Wharton School, USA. His interests include travel, sports & wildlife. 

SANKAR SASTRI

Joint CEO

Sankar is the Joint CEO of APAC and comes with 22 years of diverse experience across business, digital lending, credit, risk and management across micro & SME lending in semi urban and rural India. Sankar expertise is in starting up, growing and managing a high-quality granular book, while innovating on product, assembling a dynamic team and consistently improving the APAC customer experience.   


Prior to APAC, Sankar was the Business Head for Adani Capital, with overall P&L responsibility for 4 products: MSME, supply chain, CV and farm financing. Adani was Sankar’s second start up stint before APAC, as he helped build Adani’s product, team, processes and drove growth across products. Prior to this, Sankar was a founding team member at Vistaar Financial Services, where last held the position of Executive Vice President and Chief Risk Officer. Sankar has also been responsible for end-to-end P&L responsibility and business management for Vistaar including new state and branch expansion, recruitment and training, sourcing customers and collections. Prior to this, Sankar has held multiple roles across credit and sales at Fullerton India Credit, Axis Bank (erstwhile UTI Bank) and Coromandel Fertilisers.   


The origins of Sankar’s passion for & career in the semi urban/rural segment can be traced to his educational foundation. Sankar did his Bachelor in Horticulture Science from Tamil Nadu Agricultural University and is a Gold Medalist – 1st Rank in PGDM – Rural Management from Xavier Institute of Management. Sankar is multilingual, loves to read books daily and is a keen cyclist.

RANDHIR SINGH

Joint CEO

Randhir is a seasoned financial leader with 27 years of experience in commercial lending, structured finance, debt capital markets, corporate finance, FX and interest rate derivatives, risk management, asset management and banking operations. He is one of the founding team members & the Joint CEO of APAC, comes with a deep understanding of lending business and capital markets and has helped design our strategic roadmap and build a best-in-class liability franchise.  


Prior to joining APAC, Randhir was CEO of Commercial Lending & Structured Finance at Edelweiss Financial Services from 2016 to 2018. He then worked in Deutsche Bank from 2007 to 2016 and was Managing Director and India Head of Financing for Deutsche Bank, where he managed a team of 15 senior bankers and product specialists within Corporate Finance unit of Deutsche Bank. 


Randhir started his career with Citibank India in 1995 and spent 12 years at Citibank India in various roles across commercial lending to SMEs, asset-based finance, treasury, fixed income, foreign exchange & banking operations.  


Randhir did his B.E. (Mechanical) from Madan Mohan Malviya University of Technology and his Post Graduate Diploma in Industrial Engineering from National Institute of Industrial Engineering. Randhir is a voracious reader, health & fitness enthusiast, guitar player and marathon runner. 

NIKHIL BANDI

Group Chief Technology, Digital & Operations Officer

Nikhil is a strategic and business-oriented technology leader with 25 years of experience. He has lead enterprise IT & developed scalable architecture by leveraging latest technology trends relevant to the lending business to accelerate business growth. Nikhil leads APAC’s technology, digital and operational initiatives and has built technology programs that streamline operations, drive innovation, reduce TAT and improve efficiency.

  

Prior to APAC, Nikhil was CIO and Head of Business Operations at Vistaar, where he led a futuristic transformation of the technology architecture and systems across customer journeys, payments, core lending system, analytics and operational processes. He also led day to day operations for Vistaar and pioneered process improvements to reduce TAT and costs, while improving FTR rates and efficiency. Prior to this, Nikhil worked with Tata AIA Life in Mumbai as Head IT Applications and Patni Computers (now Capgemini) in Pune & US. He has managed global technology initiatives in multiple roles ranging from developer to program management. 


Nikhil did his B.E. (Electrical Engineering) from BIT Bhilai and PG program in Finance from Welingkar Institute of Management, Mumbai. Apart from his interest to read about new technology trends across sectors and geographies, Nikhil enjoys long road trips and playing racket sports. 

SANJAY SHARMA

Group Chief People Officer

Sanjay has 30 years of rich experience across technology, people management, operations, innovation and successfully starting up large companies. Sanjay, a founding team member & the Chief People Officer at APAC, is responsible for talent management, development, performance management and developing APAC’s culture. He has lent his rich experience in digital transformations to our human resources function and is responsible for APAC's end-to-end digital HRMS and learning platform.  


Prior to APAC, Sanjay was Head of Technology, Innovation & Customer Fulfilment at RBL Bank, where he was responsible for developing the tech and IT vision in accordance with the business strategy of the bank. 

  

Before RBL Bank, Sanjay was the CEO & Managing Director of IDBI Intech, a technology company operating in the BFSI sector, having clients in domestic and overseas markets. During Sanjay’s tenure, IDBI Intech was transformed from a captive subsidiary to a specialized tech company providing an array of services to BFSI clients in both Indian and overseas markets.    


APAC is not Sanjay’s first start up gig. Sanjay was part of the core group that set up IDBI Bank in 1995. He played a key role in setting up the technology backbone, processes and products for the bank and wore various hats before becoming CIO, where he established IDBI Bank as a technology leader in the BFSI sector. 

   

Sanjay was part of various apex-level Banking Committees/working groups formed by IBA and Ministry of Finance and was instrumental in conceptualizing the ‘India Pay Card’ (known as RuPay card). He was also a member of the Technical Advisory Committee of NPCI (constituted for setting up of financial payment infrastructure for the country) and the High Level Committee setup by RBI to draft guidelines on information security, electronic banking, technology risk management and cyber fraud. Sanjay is part of the Technology Advisory Committee of Stock Holding Corporation of India Limited (SHCIL) and is an independent director on the board of Stock Holding Document Management Services Limited, a wholly owned subsidiary of SHCIL. 


For his contribution in the technology space in the banking segment, Sanjay has received the coveted IBA award for ‘Outstanding Achiever of the Year 2007.’ Sanjay has done his Masters in Applied Physics with a Specialisation in Microwave Electronics from SGSITS Indore. In his free time Sanjay likes to draw cartoons and listen to good music. 

K SELVARAJ

Group General Counsel & Head Compliance

K. Selvaraj comes with 25 years of experience in the legal domain within the banking and finance industry. Selvaraj is instrumental in setting up legal, compliance, secretarial and internal audit functions within APAC Group, which consists of APAC Financial Services and APAC Housing Finance. Prior to joining APAC Group, he was with IDFC Bank Limited, IDFC Limited, ING Vysya Bank and Canara Bank in varied roles across the legal functions.   


Selvaraj had practiced as an Advocate in the office of Govt Pleader-cum-Public Prosecutor for about four years after completion of his law degree.  He was part of the team which set-up end to end legal processes & other processes across IDFC First Bank when it was founded.  He was also part of the team which setup Legal & Compliance function at ING Vysya Bank when ING had taken over control and management of Vysya Bank. 


Selvaraj holds a Bachelor’s Degree in Economics from Bharathi University, Coimbatore and Law degree from Bharathi University, Coimbatore. He also holds a post graduate diploma in Intellectual Property Rights from National Law University, Bangalore. He had also attended a one-year Executive General Management Program from IIM Bangalore.  

SHANKAR DEY

Executive Director

Shankar is a seasoned banking and finance professional with over 40 years experience in banking and industry, the bulk of which was in senior leadership positions. In addition to being of our Directors, Shankar is one of APAC's founding team members and is instrumental in setting up our high-quality finance team & processes, as well as contributing immensely to our strategy & corporate governance.  


Previously, Shankar has set up and managed the Indian operations of three international banks in India as CEO and has also served as the CFO of a large company in the Tata Group. Shankar's experience covers investment, commercial and private banking including lending, capital markets, corporate advisory, M&A and private client advisory. Shankar has substantial experience in general management, strategy and corporate governance. 


Shankar is a BSc. (Hons) from Calcutta University and subsequently qualified as a management accountant from ICMA (London). He loves reading, music and travel and is an amateur cook. 

VISWANATHAN N

Group Head - Treasury & Portfolio Management

Viswanathan (Vishy) is a financial services leader & senior banker with more than 22 years of diverse work experience across Treasury, Portfolio Management, Debt Capital Markets, Business Development, Client Coverage, Transaction Banking & Structured Finance.


Vishy is one of the Founding members at APAC & has built our best-in-class Treasury function & Liability franchise. He has setup APAC's Treasury & Portfolio Management functions since inception. Vishy held senior roles at ICICI Bank, Standard Chartered Bank, Deutsche Bank & Edelweiss with demonstrated capability in building new business segments & scale them profitably.


Vishy is a Chartered Accountant Gold medalist (All India Rank 16). He is a wildlife enthusiast & loves playing badminton.


GUNIT CHADHA

Founder & Managing Director

APAC is promoted by Mr. Gunit Chadha, who has more than 35 years of experience in financial services across prominent leadership roles & entrepreneurship. After leading Deutsche Bank’s franchise in 16 countries across Asia Pacific (including India sub-continent, ASEAN, Greater China, Korea, Japan & ANZ), Mr. Chadha returned to the financial services industry in India in a new entrepreneurial avatar, as Founder of APAC Financial Services, a phygital lending platform focused on micro & small enterprises.  


 


Previously Gunit was MD & CEO, Deutsche Bank India (2003-12) and earlier MD & CEO, IDBI Bank (2000-03). He also held various senior level positions at Citibank in India and New York. Mr. Chadha has been credited for launching / building several new businesses like retail banking, mortgages, SME financing, asset management, investment banking and structured finance. He has been awarded “Banker of the Year”, amongst other honours 


 


Mr. Chadha has served on the Board of the Association of Merchant Bankers in India, on the Managing Committee of Indian Banks’ Association and on several committees of the RBI, CII & FICCI. Mr. Chadha is also a member of the Young Presidents’ Organisation 


 


Mr. Chadha has an economics degree from St. Stephen’s College Delhi, an MBA from the Indian Institute of Management, Ahmedabad and an advanced management program from The Wharton School, USA. His interests include travel, sports & wildlife.

SHANKAR DEY

Executive Director

Shankar is a seasoned banking and finance professional with over 40 years experience in banking and industry, the bulk of which was in senior leadership positions. In addition to being of our Directors, Shankar is one of APAC's founding team members and is instrumental in setting up our high-quality finance team & processes, as well as contributing immensely to our strategy & corporate governance.  


Previously, Shankar has set up and managed the Indian operations of three international banks in India as CEO and has also served as the CFO of a large company in the Tata Group. Shankar's experience covers investment, commercial and private banking including lending, capital markets, corporate advisory, M&A and private client advisory. Shankar has substantial experience in general management, strategy and corporate governance. 


Shankar is a BSc. (Hons) from Calcutta University and subsequently qualified as a management accountant from ICMA (London). He loves reading, music and travel and is an amateur cook. 

NITHYA EASWARAN

Investor Director

Nithya has over 22 years of rich experience in financial services. She is Managing Director of Multiples Alternate Asset Management, a private equity platform with over US$1 billion of assets under management. Nithya joined Multiples Alternate Asset Management in 2010 and has led several investments made by the platform. She is a part of the investment committee and leads key strategic initiatives of the firm.  


In 2016, Nithya led the Fintech Committee, under the aegis of the CII National Committee on Financial Services, which interacted extensively with players in the sector and submitted a report to RBI and SEBI recommending changes to various regulations and practices to encourage the development of the sector. 

 

Prior to joining Multiples Alternate Asset Management, Nithya headed the Structured Finance Team of Citibank in India and before that she was a part of the structured finance business of ICICI Ltd. Nithya is considered a pioneer in the Indian securitization markets and has led origination and structuring of securitisation, project loans, mezzanine debt and leveraged finance in various roles over 14 years.

  

She holds a Bachelor of Engineering from VJTI, University of Mumbai and an MBA from Indian Institute of Management, Lucknow. Nithya is non – executive Director on the Board of Arvind Fashions Ltd and APAC Financial Services Ltd. Nithya served as an independent Director on the Board of Axis Securities Ltd from March 2015 to April 2019 and on the Board of Freecharge Payment Technologies from October 2017 to April 2019. Nithya is a founding member of the India Chapter of Bloomberg Women’s Buyside Network. 

SANJAY MALIAH

Director

Sanjay is an entrepreneur with over 25 years of work experience in the field of marketing and managing his Industrial Abrasive Business, that covers the South Asian region. His expertise includes the design, development and increasing productivity by providing innovative products to Industries that require demanding solutions with the help of super materials. The Business involves distribution of super materials like Diamond and Carbides, delivering extreme performance through cutting-edge synthetic diamond, tungsten carbide and allied products for a host of industries, catering to Automotive, Aerospace, Oil & Gas, Mining & Construction, Consumer Electronics, Thermal Management, Optics and Next generation applications.

SANJAY ATHALYE

Independent Director

Sanjay Athalye is a lending industry veteran, with a total work experience of over 30 years. He has held senior leadership positions across private banks, large NBFCs and HFCs. His last assignment was that of MD & CEO of a large housing finance company. For the majority of his career, he has worked as a Chief Risk Officer in large NBFCs and HFCs. He has also worked in office automation and telecom industry for close to 10 years. Sanjay has attended various residential training programs at IIM Ahmedabad and a program on Risk Management at AIM Manila. He also advises lending institutions in the areas of business strategy and risk management.

  

Sanjay is known as a people person, is a trained trainer and a Certified Professional Coach, having acquired his ACC qualification from the International Coaching Federation (ICF). He specialises in coaching senior corporate executives and entrepreneurs. 

NEERAJ BHUSHAN BHAI

Independent Director

Neeraj Bhushan Bhai is a Banking and IT Professional whose career has been mainly with various entities in BFSI Sector. He holds a master’s degree in Computer Science from Indian Statistical Institute, Calcutta. His specialization includes Computer Networks and Artificial Intelligence. He also holds a master’s degree in Physics from University of Rajasthan specializing in Microwave Electronics. He is also a Certified Associate of Indian Institute of Bankers.

  

He started his banking career with State Bank of India where he worked in various areas of Accounts, Software Development, Branch Computerization, Currency Transfers, MIS and HR. As a senior member of the IT team at ICICI Bank, Neeraj was responsible for a number of new IT based initiatives. These included interlinking of branches, setting up a VSAT network, IT enabling NRI clients of ICICI Bank leading to very significant growth of NRI business. He was also responsible for launching the first Internet Banking services by any bank in India. He was also part of the team that set up ICICI Bank’s Information Security Policy. His initiatives led to ICICI Bank becoming number 2 mobiliser of funds after Citi for Resurgent India Bonds. He also served as CTO of ICICI Infotech. He served as CIO at Sharekhan (SSKI Investor Services) before moving to IDBI Bank as CTO in Jan 2001. At IDBI Bank his focus was cost effective use of IT for businesses. After this, Neeraj worked as Divisional Manager of an IT services company in UAE for 2 years. Neeraj also headed IT services at Bajaj Auto Finance for 3 years. 

 

In 2008 Neeraj chose to leave full time active employment to become a fulltime volunteer for Chinmaya Mission, a Charitable Trust, where he helped set up a Global IT Team and helped with use of social media and Web presence for outreach and to meet organizational objectives of fundraising. He was also responsible for management of a monument based on museum technology by Sennheiser. From 2016 to 2020 Neeraj worked as Director (IT) at Chinmaya Vishwavidyapeeth a De-Novo university promoted by Chinmaya Mission. In both these assignments was on rolling out low-cost technology solutions. Neeraj brings a number of skills and vast experience to the table. Some of these include IT Portfolio Management with focus on financial optimization, IT Strategy and Rollout. He is a great team motivator and has also been engaged in technology consulting. He is a member of Technology Advisory Committee of Stock Holding Corporation since 2008. 

Think MSME, Think APAC