Mr. Ajay Mahajan is the Managing Director & CEO of our company. He is a widely experienced financial services expert with 30 years in banking and capital market businesses. He worked in organizations like Bank of America where he started his career in 1990 and went on to become MD & Country Head of Global Markets Group. Here he also led the initiative of building the first 100% foreign owned NBFC in the country to do primary dealership and credit fixed income. Thereafter, Ajay joined YES BANK in a top management role to build out multiple functions like Financial Markets, Investment Management, Financial Institutions and International Banking. Ajay moved thereafter to UBS in 2008 to build their India franchise from scratch, another deeply entrepreneurial role. In three years of joining UBS had most credit, Financial Markets, Debt Capital Markets and Retail Products in India. Ajay's last assignment was a 7 year long stint in IDFC Group which he joined in 2013 to play a hugely transformative role to lead the conversion of their Infrastructure financing business to a multi-product, multi-segment wholesale banking business comprising Corporate Credit, SME Credit, Financial Markets, Government Banking, Financial Institutions and International Banking. Besides, this role required building teams, systems, processes and cutting-edge technologies to support the wholesale bank’s growth. Ajay was one of the founding members of FIMMDA, the financial markets SRO in India and headed product development committee and several other initiatives for market development. He also held the Vice Chairman role at FIMMDA. While at this role, he was also entrusted with heading a sub committee, a part of Jaspal Bindra Committee constituted in 2001, under the aegis of RBI to work on development of the financial markets and derivatives markets in India. Ajay holds a Bachelor of Engineering in Electrical & Electronics Engineering from BITS Pilani, and an MBA from FMS (where he was a Gold medalist) and is also CFA Charter holder from CFA Institute, USA.

Mr. Mehul Pandya is the Executive Director at CARE Ratings Ltd. As the Head of CARE Ratings business in India and abroad, he is responsible for providing tactical impetus to CARE’s rating operations. He has successfully incubated and nurtured CARE’s business outside India as well. He is a member of the Board of Directors of all subsidiaries of CARE Ratings. Further, he is also on the Board of Directors of Association of Credit Rating Agencies in Asia (ACRAA). He is the Chairman of the Special Projects and Publications Committee and Co-Chairman of the Training and Programs Committee of ACRAA. He is a technocrat with management background and also a CFA charterholder from CFA Institute, USA. Having joined CARE Ratings in the year 2000, he has more than 21 years of experience in the rating industry. Prior to joining CARE Ratings, he worked with a state level financial institution in the State of Gujarat in India for about four years and was instrumental in establishing an in-house credit rating cell for the screening of lending proposals. As such, he has a domain experience of nearly 26 years. He has worked as a Consultant for the Asian Development Bank (ADB). He has also conducted various training programmes pertaining to Credit Risk Analysis in India as well as abroad.

Mr. Sachin Gupta is the Chief Rating Officer at CARE Ratings. He has a total experience of 21 years in leadership positions across Credit Ratings Business, Financial Sector Ratings, Infrastructure Ratings, Corporate Ratings, Business Development Strategy and Rating Committees. Prior to this he was working with CRISIL as Senior Director and managed the Corporate & Infra Ratings. Sachin holds a Bachelor Degree in Civil Engineering from Delhi College of Engineering, and MBA in Finance from Faculty of Management Studies - University of Delhi.

Ms. Revati Kasture is Senior Director at CARE Ratings Ltd. and has a total work experience of 23 years. Currently heading the Criteria and Quality Control team at CARE Ratings responsible for strengthening methodologies as well as processes as also enhancing objectivity in ratings. In the past she has handled the research wing of CARE called CARE Research as also credit rating across large and mid-corporates, structured credits and financial sector ratings. She took the initiative to create and implement central data infrastructure at CARE Ratings with digitization of workflow. Revati is an all India merit rank holder Chartered Accountant and Cost Accountant and has been honored with Professional Achiever- Woman award by the Institute of Chartered Accountants of India in December 2011. She has also been awarded as one of India’s top 100 “Women In Finance” in Leading Category in March 2019. Teaching is her passion and she is also on the Advisory Board of Symbiosis Institute of Banking and Finance, Pune

Mr. Sandeep Palodkar is the Head of Human Resource at CARE Ratings Limited. He hold Master Degree in Human Resources and has over 25 years of experience across industries spanning Manufacturing, ITES and Financial Services Sectors. He has worked with diversified business and workforce in various capacities with a focus on operational and strategic HR. Prior to joining CARE, he was associated with Tata Capital Financial Services, WNS Global Services and Videocon Industries limited. He has been associated with CARE from April 2019.

Ms. Nehal Shah is Head – Compliance, Legal and Secretarial at CARE Ratings. She has an extensive experience of 17 years in the areas of Secretarial, Legal, Compliance, Audit, AML, Risk and Corporate Governance Management, and strategic planning. Prior to this, she was Head - Compliance, Legal & Company Secretary with YES Asset Management (India) Ltd. (An Asset Management Arm of YES Bank). She also worked in global and domestic conglomerate such as Deutsche Bank Group, Fidelity India, Aditya Birla Group. She has worked on various key assignments as getting regulatory approval for business licenses, products, audit & inspection, restructuring, Merger & Amalgamation etc. She is a visiting faculty at various institute such as NISM, GLC law college, Compliance Academy. She was named as “Top 10 Chief Compliance Officers in India in 2020” by CEO Insights Magazine. Nehal holds a Bachelor’s Degree in Commerce from Mumbai University, Associate Company Secretary (ACS) from Institute of Company Secretaries of India, LLB from Mumbai University, Post-Graduation in Securities Laws from Government Law College, Mumbai

Mr. Jinesh Shah is the Chief Financial Officer at CARE Ratings. He is an accomplished professional with extensive experience of 20 years in the areas of Financial Management, Corporate Accounting, IFRS, Compliances, Budgets, and Tax Operations. Prior to this he was Head – Finance, and Accounts at India Ratings and Research Private Limited. He also worked in organizations like Bramha Group of Companies, Hypo Real Estate Capital India Pvt Limited, ICICI Bank Limited, and Cornelius and Davar. Jinesh holds a Bachelor's Degree in Commerce from Mumbai University, Chartered Accountant from Institute of Chartered Accountants of India, and IFRS certification from ICAI.

Mr. Sudip Sural is the Chief Executive Officer of CARE Advisory Research and Training Limited (CART), a wholly owned subsidiary of CARE Ratings Ltd. He is an infrastructure and credit risk specialist with more than 25 years of experience in credit ratings, infrastructure finance and corporate financial risk assessment. Sudip’s areas of expertise include corporate and infrastructure credit assessments, structured finance including credit enhancement mechanisms, public private partnerships in infrastructure development, institution strengthening and capacity development. He has worked with clients like the Asian Development Bank, World Bank, Large Indian Corporates, Financial Institutions and Governments in India and South East Asia. Sudip holds a B.Sc.(Hons) in Mathematics in Delhi University and an MBA from BIM Trichy.

Mr. Kiran Surve is the Chief Executive Officer of CARE Risk Solution Private Limited, a wholly owned subsidiary of CARE Ratings Ltd. He is an accomplished professional with extensive experience of 27 years in the areas of Advanced Analytics Risk and Fraud Solutions Compliance: GDPR, Regulatory Reporting, Basel, BCBS 239, IFRS & Financial Crime: AML, Fraud, EWS, Risk-Based Authentication. He is an analytics leader with experience in the USA, UK, UAE, and India markets. He brings a diversified and rich body of work in multiple roles in product, sales, delivery, and overall Risk-Technology. Prior to this Kiran played multiple roles with Wipro as Risk and Compliance Head BFSI , Analytics Large Program Director Global Partner - Data & AI. He has also worked with Zensar Technologies India Pvt. Ltd and NBS solutions. An MBA from SNHU and Bachelors in Engineering he also has done a specialization in QDA.