Karvy Fintech renames itself, appoints M V Nair as non-executive chairman

In a bid to disassociate itself from the controversy surrounding its former parent company, General Atlantic-backed Karvy Fintech has renamed itself as KFin Technologies. The private equity major has been the controlling shareholder of KFin Technologies for over a year. KFin Tech has also appointed M V Nair as the non-executive chairman the company with immediate effect. Nair is at present the chairman of TransUnion CIBIL and an advisor to private equity and venture capital-funded companies in India.

Last week, C Parthasarathy, chairman and managing director of the Karvy group had resigned from KFintech, which acts as a registrar and