IndoStar Executive and Leadership Team

August, 2026

Leadership Overview

IndoStar has 6 executives leading key functions including strategy, operations, technology, finance, and human resources.

Focused on expanding financial inclusion across India, IndoStar delivers specialized vehicle, home, and SME financing solutions while maintaining a robust commitment to sustainable economic growth and operational excellence.

Leadership Roles at IndoStar

  • Chief Executive Officer - Jigar Dulla
  • Managing Director & Chief Executive Officer - Vimal Bhandari
  • Chief Financial Officer - Jayesh Jain
  • Chief Operating Officer - Amit Khan
  • Chief Technology Officer - Shivam Choudhary
  • Chief Human Resources Officer - Jasmine Bawa
  • Jigar Dulla - Chief Executive Officer

    Jigar Dulla, the Chief Executive Officer at IndoStar, directs the overarching corporate strategy and long-term vision for the organization. By analyzing market trends within the non-banking finance sector, the Chief Executive Officer identifies high-growth opportunities in vehicle and SME lending. Jigar Dulla maintains direct oversight of the executive leadership team to ensure alignment with the core mission of providing accessible credit solutions. This role involves constant engagement with the Board to refine risk management frameworks and capital allocation strategies. Through the implementation of rigorous performance metrics, the Chief Executive Officer drives operational efficiency across all regional branches. By fostering strong relationships with institutional investors, the Chief Executive Officer secures the necessary liquidity to support the company's diverse loan portfolio. Ultimately, the Chief Executive Officer ensures that the firm remains a competitive force in the Indian financial landscape while delivering consistent value to stakeholders.

    Vimal Bhandari - Managing Director & Chief Executive Officer

    Vimal Bhandari, the Managing Director & Chief Executive Officer at IndoStar, architects the high-level governance and strategic expansion initiatives for the entire enterprise. Overseeing the integration of home finance and vehicle lending divisions, the Managing Director & Chief Executive Officer ensures that the company maintains a balanced risk profile. Vimal Bhandari leads the executive committee in evaluating new market entries and regulatory compliance standards across the Indian financial sector. This leadership position requires constant coordination with external partners to strengthen the firm's market position. By prioritizing sustainable growth, the Managing Director & Chief Executive Officer optimizes the balance sheet to support long-term lending capacity. Through the application of disciplined fiscal oversight, the Managing Director & Chief Executive Officer drives the company toward achieving its annual revenue targets. This role remains central to maintaining the firm's reputation for reliability and financial stability in a complex, evolving regulatory environment.

    Jayesh Jain - Chief Financial Officer

    Jayesh Jain, the Chief Financial Officer at IndoStar, directs the financial planning, treasury management, and reporting functions for the organization. By managing the company's capital structure, the Chief Financial Officer ensures sufficient liquidity to fund the vehicle, home, and SME finance portfolios. Jayesh Jain oversees the preparation of financial statements and ensures full compliance with regulatory accounting standards. This role involves constant interaction with lenders and credit rating agencies to maintain the firm's financial health. The Chief Financial Officer drives the budgeting process to align departmental spending with the company's strategic growth objectives. By analyzing cash flow patterns, the Chief Financial Officer identifies opportunities to optimize interest margins and reduce funding costs. Through the implementation of robust internal controls, the Chief Financial Officer safeguards the company's assets and provides the executive team with the financial insights necessary to make informed, data-driven decisions regarding future investments.

    Amit Khan - Chief Operating Officer

    Amit Khan, the Chief Operating Officer at IndoStar, manages the daily execution of lending operations and service delivery across the national network. By streamlining the loan processing workflow, the Chief Operating Officer reduces turnaround times for vehicle and SME finance applicants. Amit Khan oversees the regional branch managers to ensure consistent adherence to operational protocols and customer service standards. This role involves the continuous monitoring of loan performance metrics to identify potential bottlenecks in the credit lifecycle. By implementing automated systems for document verification, the Chief Operating Officer enhances the efficiency of the underwriting process. The Chief Operating Officer collaborates with the technology team to integrate digital tools that improve the borrower experience. Through the optimization of internal resources, the Chief Operating Officer supports the company's goal of scaling its loan book while maintaining strict quality control over the entire credit portfolio.
    Amit Khan

    Shivam Choudhary - Chief Technology Officer

    Shivam Choudhary, the Chief Technology Officer at IndoStar, architects the digital infrastructure required to support modern non-banking financial services. By deploying scalable cloud solutions, the Chief Technology Officer enables the firm to process high volumes of loan applications with speed and accuracy. Shivam Choudhary oversees the development of proprietary software platforms that facilitate seamless interactions between customers and the finance team. This role involves the implementation of advanced cybersecurity measures to protect sensitive financial data across all digital channels. The Chief Technology Officer drives the adoption of data analytics tools to improve credit scoring models and risk assessment accuracy. By modernizing the IT stack, the Chief Technology Officer ensures that the company remains agile in the face of rapid technological shifts. Through the continuous improvement of digital interfaces, the Chief Technology Officer enhances the overall accessibility of financial products for the company's diverse client base.
    Shivam Choudhary

    Jasmine Bawa - Chief Human Resources Officer

    Jasmine Bawa, the Chief Human Resources Officer at IndoStar, architects the talent acquisition and organizational development strategies that support the company's workforce. By designing comprehensive training programs, the Chief Human Resources Officer ensures that staff members possess the skills necessary to manage complex financial products. Jasmine Bawa oversees the implementation of performance management systems that reward excellence and drive employee engagement across all regional offices. This role involves the development of corporate culture initiatives that promote diversity and professional growth within the finance sector. The Chief Human Resources Officer collaborates with the executive team to align human capital strategies with the firm's broader business goals. By managing compensation and benefits structures, the Chief Human Resources Officer attracts and retains top-tier talent in a competitive market. Through the continuous refinement of HR policies, the Chief Human Resources Officer fosters a productive work environment that supports the company's long-term operational success.

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    Frequently Asked Questions Regarding IndoStar Top Executives and Leadership Team

    Who leads IndoStar?
    IndoStar is led by Jigar Dulla (Chief Executive Officer), along with executives such as Vimal Bhandari (Managing Director & Chief Executive Officer) and Jayesh Jain (Chief Financial Officer).
    Who is part of IndoStar’s executive team?
    The executive team of IndoStar includes leaders such as Jigar Dulla (Chief Executive Officer), Vimal Bhandari (Managing Director & Chief Executive Officer), Jayesh Jain (Chief Financial Officer) and other senior executives.
    How many executives does IndoStar have?
    IndoStar has 6 executives leading key business areas.
    What roles are included in IndoStar’s leadership team?
    The leadership team of IndoStar includes roles such as Chief Executive Officer, Managing Director & Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Technology Officer.