Five-Star Business Finance Appoints Mr. Sreeram Ranganathan Iyer as Non-Executive Independent Director
Five-Star Business Finance Limited has announced the appointment of Mr. Sreeram Ranganathan Iyer as an Additional Director, designated as a Non-Executive Independent Director. The decision was approved by the Board of Directors during its meeting held on July 25, 2026.Mr. Sreram Ranganathan Iyer will serve in this capacity for a period of five consecutive years, commencing from July 25, 2026. The appointment remains subject to approval by the shareholders at the company’s ensuing Annual General Meeting.
The company confirmed that Mr. Iyer meets all the criteria required for independence under Section 149 of the Companies Act, 2013.
Profile and Experience
Mr. Sreeram Ranganathan Iyer is described as a global banker and business leader bringing over 33 years of experience in international banking. His extensive career includes serving as the global Chief Operating Officer for a leading international bank, overseeing operations across approximately 25 countries in Corporate and Institutional Banking. He has held multiple strategic leadership roles covering regions such as India, the Middle East, Asia, Pacific, Australia, and New Zealand.Throughout his career, Mr. Iyer played a key role in organizational change through significant investments to deploy emerging technologies for digital transformation, aiming to enhance customer experience and create sustainable value. He also established and scaled up Standard Chartered's global shared services operations in India after serving as the former CEO of Scope International.
Key details regarding the appointment and profile are summarized below:
| Particular | Details |
|---|---|
| Reason for Change | Appointment as Non-Executive Independent Director for a period of 5 years, subject to shareholder approval. |
| Date and Term | Effective from July 25, 2026, for 5 years. |
| Brief Profile | Global banker with over 33 years of experience, including serving as Chief Operating Officer for a leading international bank. |
| Qualifications | MBA, CFA, Company Secretary and Cost Accountant, with executive learnings from MIT and London Business School. |
FIVESTAR Stock Price Movement
On Friday, Five-Star Business Finance Limited shares edged higher to close at ₹535.20, marking a solid gain of 0.19% from its previous closing price. The equity saw active trading during the session, with 495,386 shares being transacted.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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