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Ajay Harinath Singh Greatest Brand Leader 2018-2019

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Mahesh G. Thakkar

Charting the Growth Script of India

Mr. Mahesh G. Thakkar, Director General, Finance Industry Development

Council, has been consistently playing a vital role in protecting the

interests of the financial services sector, and is keen on providing a

platform for networking and consensus building within and across

various sectors in the Indian industry

A LEARNED AND

KNOWLEDGEABLE VETERAN

An Associate Chartered Accountant from

the prestigious Institute of Chartered

Accountants of India, Mr. Thakkar

graduated in commerce as well as law.

He has been associated with many more

prominent organizations and at the

helm of affairs as the Executive Director,

Association of Leasing & Financial

Services Cos and Chairman, Genesis

Equifin Pvt. Ltd. He is also one of the

esteemed members of the Managing

Committee at the IMC Chamber of

Commerce & Industry; Chairman, NBFC

Committee; and Co-Chairman, Banking

& Finance Committee, Entertainment,

Media and Sports Committee, and

also works actively with the forum of

affiliated associations and institutions.

Moreover, he is also the Secretary

General, Priyadarshni Academy.

Mr. Mahesh G. Thakkar takes every

possible effort and prudent measure to

help strengthen the financial position

of NBFCs in the country by being the

voice of India’s business industries

and raising the members’ views and

concerns regarding policy decisions and

engagement with stakeholders such as

the policy makers, regulatory bodies,

and employees.

With an aim to empower the NBFCs

and taking their businesses to the next

level, Mr. Thakkar has been leading and

spearheading the developments and

expansions in this sector with an aim to

contribute meaningfully and significantly

to the overall economic prosperity and

development of the nation.

BRIDGING THE COMMUNICATION

GAP

Putting his rich experience to fruitful

use, Mr. Thakkar played a leadership role

in taking up some novel and pioneering

initiatives and suitably changed gears

from playing a “reactive” role to a

“proactive” role. Currently, he is actively

involved in the process of kicking off

impactful conversations and meetings

with all stakeholders including the

Ministry of Finance, Ministry of Road

Transport & Highways, RBI, Indian

Banks Association, and Society of Indian

Automobile Manufacturers – with a

mutual agenda of creating a system of

regular engagement with them.

Under Mr. Thakkar’s direction and

guidance, the Government of India in

consultation with FIDC, announced a

special line of credit under the stimulus

package for NBFCs in commercial

vehicle financing. Moreover, he has

successfully organized several national

summits on NBFCs in association with

ASSOCHAM, and has been highly

instrumental in forming collaboration

with the World Bank Group in order

to conduct training programmes for

professionals at NBFCs.

ACTING AS A CATALYST FOR

GROWTH

A well-known and recognized leader in

the NBFC sector, Mr. Thakkar has been

playing a catalytic role by evocatively

engaging in systematic communications

both with Reserve Bank of India and

Government of India, on matters

including but not limited to pre-budget

meetings and important meetings on

key policies, safeguarding the interests

and rights of nearly all the leading

NBFCs and numerous other small-and

medium-member organizations. As a

veteran in this field, he has been invited

regularly as the spokesperson and a

panelist on numerous dialogues and

discussions organized by the print and

electronic media and as a key participant

at the leading national and international

conferences/conventions.

He takes immense pride in serving a

major chunk of India’s unserved and

underserved population. In order to

ensure alternative source of finance as

well as address the funding crisis for

NBFCs, he focuses on matters critical

to the growth of NBFCs such as focus

on public sector units; latent credit

demand; digital disruption, etc.

“Mr. Thakkar has

been playing a

catalytic role by

engaging in systematic

communications both

with RBI & Government

of India, safeguarding

the interests of NBFCs”

| india’s greatest leaders 2019-20 | 95

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