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INTRODUCING THE MINDS BEHIND GRIHASHAKTI

Grihashakti Board of Directors and its Committees

Shantanu-Mitra

Shantanu-Mitra

Chairman, Non-Executive Director


Pavan Pal Kausha

Pavan Pal Kaushal

Non-Executive Director



Sudha Pillai

Sudha Pillai

Independent Director



Rakesh Makker

Rakesh Makkar

Chief Executive Officer & Whole-time Director


Mr-Radhakrishnan-Menon

Radhakrishnan Menon

Independent Director


Ajay Pareek

Ajay Pareek

Non-Executive Director



Mr. Shantanu Mitra is the Chairman, Non-Executive Director of Grihashakti and also Chief Executive Officer & Managing Director of Fullerton India Credit Company Limited.

Shantanu has over 40 years of experience in financial services, with over 20 years at Standard Chartered Bank and Citibank where he had stints in India, Singapore and Thailand. His last role in Standard Chartered Bank was Senior Regional Risk Officer, India, Middle East & Africa, based in Mumbai. His previous experience with Fullerton India included a stint from 2010 to 2017, initially as Head of Consumer Risk for the parent company Fullerton Financial Holdings, Singapore and subsequently a very successful tenure as CEO & MD with Fullerton India.

He has extensive experience in Risk Management, spanning many geographies in Emerging Markets including Asia, Africa and the Middle East. Mr. Mitra holds a BSc in Statistics from the University of Calcutta, India and is a Member, Institute of Chartered Accountants, England & Wales. Since his previous retirement from FICC, Shantanu has served in various Board and Advisory capacities including, Non-Executive Director at DBS Bank, India; and Operating Partner with Global PE firm, Advent International including as Advisor in their portfolio companies.

Pavan Pal Kaushal is the Non-Executive Director at Grihashakti and the Chief Operating Officer at Fullerton India.

He is a career banker with over three decades of experience in the financial services sector across several leading global banks and consulting. Prior to joining Fullerton India, Pavan was the Chief Risk Officer at IDFC Bank, and part of the Leadership team. He was previously a Partner with Ernst & Young, Chief Risk Officer at ANZ Bank India and held several senior leadership roles both domestic and international at Citibank. Pavan is a Chartered Accountant and a MBA (Finance)

Ms. Sudha Pillai, a 1972 batch IAS officer held a number of senior positions in the Government of India and the State Government of Kerala for 40 years. She handled the Industry and Finance portfolios for nearly twenty years. In the Centre, she worked in the Ministries of Industry, Corporate Affairs, Labour and Employment. She contributed notably to reforms in Industrial and Foreign Direct Investment policies as also in formulating the National Skill Development Policy. In Kerala, as Principal Secretary Finance she worked to achieve enhanced developed outcomes, coupled with efficient fiscal management. Earlier as CMD, Kerala Finance Corporation she dealt with project financing to SMEs. Her last assignment was as Member Secretary (in the rank of Minister of State), Planning Commission, Government of India. She is currently Director on the Boards of Jubilant Life Sciences and International Travel House Ltd.

Mr. Rakesh Makkar comes with over two decades of expertise in establishing new and successful businesses; managing large and multi-pronged distribution networks; and developing unique and customer-centric products - all within a robust Risk Management framework. Prior to assuming the role of CEO at Grihashakti, Mr. Makkar spearheaded Business, Marketing & CSR functions at Fullerton India. Before joining Fullerton India, Rakesh held the position of President and Chief Distribution Officer at DHFL. It has been Rakesh’s forte to set up new finance companies and scale up business volumes. Prior to his stint with DHFL, Mr. Makkar was the CEO at Future Money (Capital First) and was a part of the senior leadership team at Citigroup India. Not only is Mr. Makkar a national rank holder at the Institute of Chartered Accountants of India but also a Certified International Credit and Risk trainer within Citigroup. He also holds a Masters from the Institute of Management Technology, Ghaziabad and Bachelors from Delhi University.

Mr. Radhakrishnan B. Menon is an Independent Director on the Board of Grihashakti. He held senior leadership roles in HR in India with Best-in-Class global organizations such as General Electric (GE), Cadbury, Bausch & Lomb and had an early career stint with Hindustan Lever. He has had a wide range of experiences across diverse businesses, categories, cultures and geographies including a tenure with GE Plastics Europe in Netherlands.

In September 2007, he founded LBW (Leadership in Business Worldwide) Consulting Pvt. Ltd, a distinctive Leadership Development consulting firm. Prior to that, he was the Executive Director-HR & Corporate Communications for Cadbury Indian Subcontinent. Since 2007 till 2015 he continued as Independent Director on the Board of Cadbury which later became Mondelez India. He has also served on the Boards of other reputed organisations.

Presently, as MD of LBW, he continues to actively consult, coach and advise diverse organisations in the areas of Organization & Leadership Development, Executive Coaching and Strategic HR across India and overseas in UK, Hong Kong, Middle east and South Asia. He holds a Masters Degree in Personnel Management & Industrial Relations from the Tata Institute of Social Sciences, Mumbai. He is a Professional Certified Coach (PCC) of International Coach Federation (ICF). He has co-authored the book "Coaching in Asia - the First Decade". 

Mr. Ajay Pareek is the Non-Executive Director of Grihashakti and also Chief Business Officer of Fullerton India.

Ajay has more than 24 years of experience in the financial services sector. He had a very successful stint of over 13 years as the Head of Urban Business at Fullerton India. During his tenure, he was responsible for designing the product strategy, setting up the secured and the unsecured businesses, expanding the branch network, and made significant contributions towards tapping the potential of emerging markets, third-party products, and more. He has also worked with Aditya Birla Finance Ltd., Jana Small Finance Bank, CitiFinancial Consumer Finance India Id. and A. F. Fergusons & Co. In his career, he has been responsible for business planning, sales & distribution, launching new products & processes, credit underwriting, collections, product strategy and setting-up and running large distribution networks. 

He is a Chartered Accountant and a Harvard SELPI alumnus.

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