"Naina Lal Kidwai's presence on the Board and her vast experience in financial markets landscape will significantly assist us in the growth of our business, further strengthen governance, enhance our brand and reputation, and optimise the value creation for all our stakeholders," Altico Capital Chief Executive Sanjay Grewal said in a statement.
"Altico Capital is one of the largest foreign-owned and controlled NBFCs by net worth, and at Rs 2,000 crore is well capitalised to capture loan growth opportunities being presented due to the capital constraints in the banking system," he said.