Meet our Board Members & Leadership

Mr. Rohit Ranjan

Mr. Rohit Ranjan is a senior banking and financial services leader with over 42 years of experience in governance, credit, risk oversight, customer franchise building, and large-scale business leadership across global and Indian institutions. He has led significant P&L businesses, built new franchises, managed strategic partnerships, and executed complex wind-downs with integrity, discipline, and stakeholder alignment.

Most recently, Mr. Ranjan retired as President – Retail Lending at Axis Bank in September 2025, following a long and distinguished career at Citibank India, where he held multiple leadership roles including Managing Director, Head – Secured Lending & Citi Business, and senior positions across consumer finance, SME, and investment advisory. He has served as a director on the boards of Citicorp Finance (India) Ltd., Citifinancial Consumer Finance (India) Ltd., and Citi Investment Advisory Services Pvt. Ltd., gaining substantial exposure to boardroom governance, compliance, risk management, audit oversight, and shareholder value creation. He has also mentored senior leadership teams and fostered cultures of performance, accountability, and prudent growth.

His experience is particularly relevant for Board and Independent Director roles in financial services, fintech, NBFCs, and consumer-facing businesses, where governance discipline, credit judgment, customer-centric growth, regulatory awareness, and transformation oversight are critical to long-term value creation.

He holds a Master of Business Administration (Finance) from the Anderson School of Management, University of New Mexico, USA, and a Bachelor of Arts (Honours) in Economics from the University of Delhi.

With his breadth of experience across banking, lending, governance, risk oversight, strategic planning, and business transformation, Mr. Ranjan brings a balanced commercial and fiduciary perspective to the Board and is well-positioned to support the Company’s long-term growth, governance standards, and stakeholder confidence.

Anup Amist

Anup Amist is a Zonal Business Head and is also heading the Alternate Channel Business at Vastu Finserve. With over 25+ years of experience in financial services, he specializes in business strategy, sales, collections, and credit operations. He has a strong track record of scaling businesses and driving portfolio growth across retail lending, vehicle finance, SME lending, and structured credit.

Anup has held significant roles in organizations such as IndoStar Capital Finance, L&T Finance, Fullerton India, Indiabulls, IndusInd Bank, and Sundaram Finance. He holds a Post Graduate Diploma in Business Administration (Marketing) from Maharishi Institute of Management, Noida, and a Bachelor's degree from the University of Delhi.

Ms. Anjalee Tarapore

Ms. Anjalee S. Tarapore has wide-ranging experience in the areas of Finance, Investor Relations, Macro-Economic Analysis and Environmental, Social & Governance (ESG). She was a senior management executive, having spent over 27 years with the HDFC Group, with specialisation in housing finance, investor relations, ESG, financial analysis, early-stage debt & impact-based lending, compliance and treasury functions.

She has assisted High-Level Committees constituted by the Government of India on Affordable Housing and Infrastructure Financing. Anjalee had been a member of the G-20 Working Group on Financial Inclusion & Business Acceleration, Confederation of Indian Industry’s (CII) Corporate Governance Committee, Indian Banks’ Association’s (IBA) Working Group on ESG and nominee member of the Indo-US CEO Forum. She is also on the advisory committee of the Mumbai First Sustainability Forum.

She has supported greenfield mortgage ventures, along with equity investments in Egypt, Maldives and Tanzania with the objective of developing nascent housing markets in emerging economies.

Anjalee has an MSc. in Banking & Finance (Distinction) from The University of Stirling, U.K. and a Post-Graduate Diploma in Journalism. She has been a speaker at various international forums including the World Bank, International Monetary Fund, International Union for Housing Finance, United Nations Economic & Social Commission for Asia and the Pacific, amongst others.

Hemadri Rao Peyyeti

Hemadri Rao Peyyeti brings in nearly four decades of experience in Commercial Vehicle (CV) financing, receivables management, business development, channel and product management.

He has held leadership positions at Kotak Mahindra Bank and Sundaram Finance, playing a key role in risk optimization, portfolio quality enhancement, and strategic growth in CV financing. His expertise in P&L management, market dynamics and building cost-effective distribution networks has contributed to expanding businesses and strengthening industry partnerships.

Mohit Mairal

Mohit Mairal is the Head of Risk at Vastu Finserve, bringing over 20 years of experience in risk management, credit underwriting, portfolio monitoring, and process innovation across banking and financial services. Throughout his career, he has successfully managed underwriting, collections, and sales across diverse financial products, including car loans, commercial vehicle loans, construction equipment loans, and tractor loans.

He has held leadership positions at Yes Bank, Indostar Capital Finance, India Infoline Finance, Fullerton India, HDFC Bank, Tata Capital, and GE Capital TFS. Mohit has been instrumental in driving profitability, strengthening risk frameworks, and implementing digital solutions to enhance portfolio quality and operational efficiency.

He holds a Bachelor of Science in Mathematics and brings deep industry insights to Vastu Finserve.

Kshitij Grover

Kshitij is a seasoned finance professional with extensive experience in financial management and auditing, particularly within the Non-Banking Financial Companies (NBFCs) sector. He excels in overseeing comprehensive financial operations, including budgeting, forecasting, and financial reporting. With a strong background in auditing, he ensures that financial practices comply with regulatory requirements standards and that internal controls are robust and effective. His analytical skills and strategic insights have been pivotal in guiding the company's financial strategies, ensuring sound financial health and compliance with industry regulations.

He is a Chartered Accountant and holds a Bachelor’s degree in Commerce from R.A. Podar College of Commerce and Economics, affiliated with the University of Mumbai.

Sunder Skandan

Sunder brings over 21 years of rich experience in HR from his tenure at HDFC Ltd., where he played a pivotal role in driving key HR initiatives. His responsibilities spanned policy formulation, talent acquisition, performance management, employee recognition programs, and governance oversight. He also handled ethics investigations, disciplinary actions, and HR legal matters with a meticulous approach, ensuring compliance and upholding organizational values.

An accomplished professional, Sunder holds a Post Graduate Diploma in Management Studies (PGDMS) and a Master’s in Human Resource Development Management (MHRDM) from the esteemed Jamnalal Bajaj Institute of Management Studies.

Bhavna Dewan

Ms. Bhavna is a Fellow member of the Institute of Chartered Accountants of India, with a wide-ranging experience of over 27 years in Auditing, Accounting, Consulting, Taxation across various sectors of the business landscape including manufacturing, service, banks (Public Sector, Private, Foreign, RRB; Co-operative), NBFCs, HFCs and corporates (Public Sector, Private & Foreign).

She is a Senior Partner at S. N. Nanda & Co., a Chartered Accountancy firm with rich and diversified experience of more than 6 decades. She is a Member of the Institute of Internal Auditors, and has extensive experience in the areas of Auditing, Taxation, Corporate; Personal Services, Business; Management Consulting Services, Implementation; Testing of Internal Controls, Due diligence, Valuations, etc.

Furthermore, Ms. Bhavna is responsible for the implementation of Audit Methodology, including the preparation of planning documents like understanding the business, audit strategy memorandum, analyzing strategic business & significant risks, understanding & documentation of significant processes, preparing final deliverables including financial statement analysis and completion documents like management representation letter and summary review memorandum reflecting the conclusion of key issues and risks.

Proficient in evaluating internal control systems prevalent in the organization, examining financial and other data, and reviewing management systems and programmes for further improvement. She possesses extensive knowledge of accounting standards and IND-AS mandated by MCA and ICAI.

Natrajan Ramkrishna

Mr. Natrajan Ramkrishna is a qualified chartered accountant and was a fellow member of the Institute of Chartered Accountants of India, with over 43 years of association across various professional services firms as a Corporate Governance consultant. Over his extensive tenure, Mr. Natrajan held key positions such as the Country Head of Audit at KPMG and RSM, and partner positions at EY and PwC, to name a few.

By virtue of his position, he was involved with promoters and founders in shaping the broader and long-term vision of various organizations. He has been consulting with family businesses on various business aspects as well.

He recently retired from the services of SR Batliboi LLP and works with certain companies as a governance advisor.

He was associated with iconic companies such as Infosys, Wipro, Dr. Reddy’s Lab, and Asian Paints, etc., as a Client Engagement Partner, leveraging his deep business and sector insights, as well as his understanding of Boards and their Committees, with a focus on their roles, responsibilities in evolving and implementation of strategy, culture, and branding. He brings expertise in business and revenue models, Risk Management, and Governance structures relating to select sectors such as Financial Services, Pharma, Information Technology, and FMCG.

Mr. Natrajan served a term as part of the Accounting Standards Board of the ICAI. He has been speaking at public forums on matters of importance to the profession, lecturing on Management Accounting and Taxation at some of the leading institutions offering postgraduate courses in Management Studies affiliated with Mumbai University.

Shefali Pathak

Shefali is the Head – People, Diversity and Change at Vastu Housing Finance the holding company of Vastu Finserve.

Shefali is responsible for strengthening Vastu's People capabilities as an enabler for future business growth, liaising with business & function leaders on people strategy, performance management, and learning & development to drive greater talent density across the organization. She is also responsible for the Diversity, Equity & Inclusion (DEI) program at Vastu.

She has an enriched experience of more than 8 years in delivering strategic projects and leading change across cross-functional and highly diverse teams. She comes with global experiences, having worked in the US and China across diverse industries. Prior to rejoining Vastu, she was working at Nike GCHQ.

Shefali is an MBA in Finance & Digital Business from China Europe International Business School (CEIBS), Shanghai.

Devaraj C

Devaraj C brings in over 25 years of experience in banking and financial services. He has a strong and diverse track record across credit, sales, portfolio management, branch banking, and SME lending, with deep expertise in building and scaling customer-centric businesses.

Prior to joining Vastu, Devaraj served as the Chief Business Officer at Indostar Capital Finance Limited, where he was responsible for shaping business strategy, driving growth across key verticals, and strengthening operational performance.

Earlier, Devaraj spent two decades with ICICI Bank, holding leadership roles across Credit, Sales, Portfolio Management, Branch Banking, and SME Lending, developing a comprehensive understanding of retail and SME lending and relationship-led business development.

Manish Kumar

Manish Kumar manages operations at Vastu Finserve. He is a seasoned Operations professional with more than 15 years of experience in operations, audit & risk control management, finance, and compliance. His past experiences include working with Kotak, HDFC, and Magma in various roles.

Manish has completed his Master's in Finance & Marketing from Lal Bahadur Shastri Institute of Management, Lucknow.

Lokendra Bhukar

Lokendra is the National Credit Head at Vastu. He is responsible for credit and risk strategies, policies, and processes and obtaining reliable, accurate information for business decision- making.

Lokendra brings with him over 10 years of experience with expertise in credit and document review, operational improvement, and team building. Before Vastu, he has worked with IndusInd Bank and Magma Fincorp Ltd.

Lokendra holds a Post Graduate Diploma in Management - Marketing and Finance from the Asia Pacific Institute of Management, Delhi.

Harish Rao

Harish Rao is the Head of Vehicle Finance Business at Vastu Finserve. He is a seasoned professional with over 20 years of experience in establishing and expanding vehicle finance business, especially in rural & semi-urban geography and in building larger teams. He has worked in leadership roles at Shriram Transport Finance, Magma, Fullerton India, AU Small Finance Bank, and SK Finance.

Harish is a post-graduate in English literature from Jai Narain Vyas University, Jodhpur.

Nikhil Carvalho

Nikhil Carvalho is the Chief Operating Officer of Vastu Finserve. He has also been the founding team member at Vastu Housing Finance playing a key role in building the company’s in-house technology platform as Head- IT and digital experience. He has over a decade of experience in working with tech-driven initiatives. He was instrumental in setting up Netblade Solutions Pvt Ltd, which was involved in developing customised cross-platform software applications across multiple verticals and digital marketing.

He has also been associated with the Vastu Finserve team since inception as a leadership mentor to drive performance, tech adoption, innovation and deliver new initiatives to improve business and processes. His focus areas also includes strengthening risk management and enhancing credit underwriting quality.

Nikhil holds a Bachelor of Engineering in Computer Science from Mumbai University.

Mr. Sudhir Variyar

Mr. Sudhir Variyar has over two decades of proven leadership experience in financial services, primarily in the private equity sector. He is currently the Founding Partner and Managing Director at Multiples Alternate Asset Management. Sudhir joined the firm in 2009 at its inception and has been instrumental in growing the fund to its current standing. At Multiples, Sudhir oversees a number of activities including organisational design, fund raising and talent development. He is also a part of the firm’s investment committee and has successfully led a number of investments for the firm across the financial services, health care & logistics sectors.

Prior to Multiples, Sudhir was a Senior Director at ICICI. As a member of the firm’s Investment Committee, Sudhir played an important role in leading a number of investments across sectors including financial services and energy. In addition to private equity, Sudhir also holds strong experience in investment banking and structured finance.

Sudhir is a board member and advisor to several firms including Vastu Housing Finance Corporation Limited, Vikram Hospitals (Bengaluru) Private Limited and Sanctum Wealth Management Private Limited. He holds a Bachelor’s Degree in Technology from the Indian Institute of Technology, Varanasi (BHU) and a Post Graduate Diploma in Business Administration from the Indian Institute of Management, Calcutta.

Vijay Kumar

Vijay Kumar has over three decades of strong expertise in corporate finance, fund raising and M&A. He also holds strong understanding of information technology and banking, having fulfilled several leadership roles at prominent franchises such as NIIT and ICICI. Vijay worked with the NIIT Group between 2000 and 2012 where he was responsible for M&A and corporate finance activities of the group. During his stint, he led several large ticket transactions involving the acquisition and divestiture of companies, establishing strategic alliances, and undertaking corporate restructuring. Prior to the year 2000, he worked for over 15 years with the ICICI Group, fulfilling various roles across the group’s project financing and investment banking divisions. His last position with the group was as Head of Investment Banking at ICICI Securities. Since 2012, Vijay leverages his deep domain knowledge to advise companies in fund raising, M&A and corporate structuring. He is associated as an Advisor or Director on the board of various companies spanning various sectors including BPO, Media and Private Equity. He holds a B.Tech degree from IIT Delhi and an M.B.A from FMS, University of Delhi.

Sandeep Menon

Sandeep Menon is the Founder & Managing Director of Vastu Housing Finance Corporation Limited, parent company of Vastu Finserve. He is a seasoned banker with over two-decades of rich experience across general management, business strategy, risk management and sales at leading global financial institutions including GE Capital, Standard Chartered Bank and Barclays Bank PLC.

During his career, Sandeep is credited to have established a demonstrated track record in setting up and scaling retail lending businesses across consumer lending, SME lending, home financing, unsecured lending and vehicle financing. In his last role, Sandeep was a part of the founding team at Barclays Bank PLC in India as the Director and Head of Retail Assets and Banking Strategy.

In 2014, Sandeep quit his full-time job to embark on an entrepreneurial journey, which culminated in the birth of Vastu Housing Finance. In a short span of four years, Vastu has established itself as a prominent affordable housing finance company under the aegis of Sandeep’s leadership.

Mr. Sujay Patil

Sujay Patil is the Co-Founder and Chief Operating Officer at Vastu Housing Finance, the holding Company of Vastu Finserve. Earlier, he was the Chief Risk Officer of Vastu Housing, managing risk strategy in line with the overall organisational goals, taking into consideration the portfolio growth, segmental focus, product mix, acquisition plans, risk cost budgets and other related variables. He lead all risk initiatives of the organisation and works towards efficiently managing the portfolio and asset quality.

Sujay is an experienced Banking & Financial services professional with leading organizations including GE Capital, Standard Chartered Bank, Indiabulls and Barclays Bank. He has successfully executed varied assignments in business strategy, product launches, planning, product management, front end sales, collections, CRM, cross-sell and portfolio management.

Sujay Patil holds an MMS (Marketing) degree from Jamnalal Bajaj Institute of Management studies and BE (EL & TL) from the Mumbai University.