Veritas Finance names Mathew Joseph non-executive chairman of its board | Firm Information

Veritas Finance Ltd, a retail-focused non-banking monetary firm primarily offering small enterprise loans to micro, small and medium enterprises (MSMEs), has appointed Mathew Joseph, an present non-executive impartial director of the corporate, because the non-executive chairman of its board of administrators, with impact from Thursday.

Joseph is a member of the Institute of Chartered Accountants of India and has over 36 years of expertise within the monetary trade. Previous to becoming a member of the corporate, he was related to HDFC Ltd as a member of its government administration and chief danger officer.

He joined the board of Veritas Finance as a non-executive impartial director on November 24, 2023.

In his new function as non-executive chairman, Joseph will present strategic steering to the board and assist the corporate’s continued give attention to sound governance, accountable development and serving the evolving monetary wants of MSMEs.

The appointment follows the unhappy and premature demise of Raj Vikash Verma, the corporate’s erstwhile chairperson and non-executive impartial director, on October 16. The corporate locations on document its deep appreciation for Verma’s invaluable steering and contribution to the board and the organisation.

D. Arulmany, managing director and chief government officer of Veritas Finance Ltd, stated, “We’re happy to welcome Mr. Joseph because the Non-Government Chairman of our Board. His intensive expertise within the monetary companies trade, deep understanding of danger administration and regulatory frameworks, and present affiliation with Veritas as a Non-Government Impartial Director can be invaluable as we proceed to construct on the Firm’s robust foundations.”

“We additionally keep in mind with deep respect and gratitude our late Chairman, Mr. Raj Vikash Verma, whose steering and contributions have been an integral a part of our journey. As we transfer ahead, we stay dedicated to upholding the values he championed and to pursuing our mission of offering accessible and accountable monetary options to India’s MSME sector.”