In his new role, Grewal will be responsible for developing and executing the vision and strategy of the organisation and business in India, the company said in a release issued here.
Grewal was the Corporate and Investment Banking Head with IDFC Bank during its transition from IDFC.
Mumbai-based Altico Capital is one of the largest foreign owned and controlled NBFCs by net worth (capitalised at Rs 2,000 crore).
It is backed by strong financial sponsors in Clearwater Capital Partners (a credit and special situations platform based in the Asian region across several investment vehicles), Abu Dhabi Investment Council (one of the largest sovereign wealth funds) and Varde Partners (a global alternative investment firm).