Board of Directors

  • Mr. Dhanpal Jhaveri

    Mr. Dhanpal Jhaveri has over 23 years of experience in investments, corporate strategy, M&A and investment banking. He holds a Bachelor of Commerce degree from the University of Mumbai and an MBA from Babson College, Graduate School of Business, USA.

  • Mr. Vimal Bhandari

    With a credible experience of over 30 years in the financial services domain, Mr. Vimal Bhandari has utilized his organizational acumen to nurture the growth of IndoStar Capital Finance Ltd. Formerly, he was the Country head of AEGON N.V in India and prior to that, he has spent 17 years with IL&FS Limited.

    Mr. Bhandari’s professional experience includes notable corporate entities such as Bayer Crop Science, DCM Shriram, Kalpataru Power Transmission, Piramal Glass, RBL Bank, JK Tyres and Bharat Forge. He is a member of the CII National Council of Financial Markets and member of the National Executive Committee of FICCI, the apex Chamber of Commerce and Industry. Simultaneously, Mr. Bhandari is also a member of CII’s National Council on Corporate Governance and Executive Committee of FICCI.

    Mr. Bhandari is a Commerce graduate from Mumbai University and a Chartered Accountant from ICAI; he has also been a part of advanced management program at the International Institute of Management in Lausanne, Switzerland.


    Mr. Pankaj Thapar has over 30 years of experience in Corporate Finance, M&A and Capital Markets with large global and Indian companies. The former Managing Director in the Private Equity business of Everstone Capital Advisors, Mr. Thapar has also served as the Group CFO for Dentsu, a Japanese advertising major, where he was responsible for their business in India.

    Mr. Thapar has held a variety of senior corporate finance roles with global companies such as Coca-Cola, ANZ Bank, Citibank and ICICI, and has over 20 years of exposure to M & A and capital markets.

    He holds a Bachelor of Commerce degree and is an MBA from the University of Delhi.

  • Mr. Deepak Bakliwal

    Mr. Deepak Bakliwal has over 10 years of experience in financial services industry, including senior roles focused on Real -Estate and high yield lending. He has executed structured credit transactions of more than INR 10,000 Crore till date.

    Currently, Mr. Deepak Bakliwal is in the role of Director - Real Estate and Structured Lending at IndoStar Capital Finance Limited, where he heads the real estate and high-yield business of the Company . Prior to IndoStar Capital Finance Limited, Mr. Bakliwal was Senior VP – Corporate Lending at Capital First. Previously, he has also worked with Principal Mutual Fund.

    He holds a Bachelor of Engineering degree from Mumbai University and is an MBA from Welingkar Institute of Management.

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