About Reliance Money

In the rapidly progressing Indian economy, every individual plays a crucial role in driving growth. But despite the commendable contribution to the Nation's economy, a majority of Indians do not get access to formal sources of funds. We are here to enable the growth of every individual who empowers the growth of the nation.

We have committed ourselves to the mission of making India independent, in its true sense by enabling every Small and Medium Enterprise (SME) & retail consumer realize their true potential and become self-reliant entities. For the last 9 years, through our customised and convenient financial solutions, we have helped create success stories out of over 4,00,000 MSMEs across the country and disbursed over Rs 88,000 crores to them.

By empowering our customers and helping them realise their business dreams, we hope to power India’s journey towards self-reliance.

Retaining the core values of Reliance Commercial Finance Ltd., we have now adopted a new brand name to signify our wide range of financial solutions that cater to our customers’ evolving financial needs.

Reliance Commercial Finance is now re-branded as Reliance Money.

 

Board of Directors

Mr. Arvind Mayaram, 62 years, Independent Director and a Member of the Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, Risk Management Committee and Stakeholder Relationship Committee. He was first appointed as a Director of our Company on February 26, 2018. Shri Arvind Mayaram is a former bureaucrat and has held various key positions within the Government of India including as Secretary at Ministry of Minority Affairs, Finance Secretary & Secretary at Department of Economic Affairs Ministry of Finance. Previously, he has also held positions such as Special Secretary & Financial Advisor at Ministry of Rural Development and Joint Secretary (Infrastructure & Asian Development Bank) at Department of Economic Affairs, Ministry of Finance, Government of India.

 

Ms. Deena Mehta,57 years, Independent Director and member of the Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee, Risk Management Committee and Stakeholders Relationships Committee. She was first appointed as a Director on March 11, 2016. She is an associate member of Institute of Chartered Accountants of India (ICAI) and fellow member of Securities & Investment Institute of London. She has completed Post Graduation in Management Studies with specialization in Finance from NMIMS and Post Graduate diploma course in Securities Law from Government Law College. She is presently Managing Director of Asit C. Mehta Investment Interrmediates Limited. She has more than 20 years of experience in securities market.

 

Mr. Devang Mody, 45 years, Executive Director (ED) & Chief Executive Officer (CEO), he has a rich experience of over 20 years in the financial sector. He joins the Company from Bajaj Finance, where he served as President of Consumer Business, managing a group of B2B and B2C lending businesses. The consumer finance business of Bajaj Finance, under his leadership, witnessed a sharp growth to its current size spanning over 300 towns, with market leadership positions across various business lines. A Chartered Accountant by qualification, he started his career with Mahajan & Aibara, and then moved on to work with EY, followed by GE Money Financial Services where he was VP – Strategic Initiatives, before moving to Bajaj Finance.

 

Mr. Lav Chaturvedi, 42 years, Non-Executive Director and member of the Audit Committee, Nomination and Remuneration Committee, Corporate Social Responsibility Committee and Risk Management Committee. He is an MBA from Syracuse University, New York. He is also a Chartered Financial Analyst from the CFA Institute, USA. He is a steering committee member of PRMIA's Mumbai Chapter. He is currently the Chief Risk Officer for Reliance Capital Limited. He has worked with Ips-Sendero, subsidiary of Fiserv (a Fortune 500 company), in Scottsdale, Arizona, USA at the senior management level, providing strategic and tactical consulting on balance sheet management to clients and assisting in the resolution of advanced analytical and policy issues. He has rich in-depth exposure to the entire spectrum of commercial as well as financial functions in corporate finance, banking and consulting industries at the domestic as well as international level.

 

Key Managerial Personnel (KMPs)

Mr. Devang Mody, 45 years, Executive Director (ED) & Chief Executive Officer (CEO), he has a rich experience of over 20 years in the financial sector. He joins the Company from Bajaj Finance, where he served as President of Consumer Business, managing a group of B2B and B2C lending businesses. The consumer finance business of Bajaj Finance, under his leadership, witnessed a sharp growth to its current size spanning over 300 towns, with market leadership positions across various business lines. A Chartered Accountant by qualification, he started his career with Mahajan & Aibara, and then moved on to work with EY, followed by GE Money Financial Services where he was VP – Strategic Initiatives, before moving to Bajaj Finance.

 

Ms. Ekta Thakurel, Company Secretary & Compliance officer, an associate member of the Institute of Company Secretaries of India. She has over nine years of experience in the financial sector and has worked with Kotak, HDFC and other notable groups in the field of company law, corporate governance, RBI and IRDA compliances.

 

Mr. Sandeep Khosla, 38 years, Chief Financial Officer, is a member of the Institute of Chartered Accountants of India. He has around fifteen years of experience in financial sectors and has been part of senior management at Bajaj Finance, Tata Capital and ICICI Bank Limited before joining the Reliance Group.