Manba Finance Limited has ushered a leadership reshuffle at the top of its board, naming Neelam Tater as the new chairperson, effective from the close of business on October 27, 2026. She succeeds Nallepilly Ramaswami Parameshwaran, who ceases to hold the chair at the same time due to other commitments. The change signals a continuity-driven governance shift within the independent director cadre, with board routines continuing to rely on experienced governance voices.
Neelam Tater, an independent director, is described in the attached disclosures as a fellow member of the Institute of Chartered Accountants of India, with professional exposure spanning audit, risk management and business advisory services for diverse corporate clients including banking and financial institutions. Her background, coupled with ongoing independence on the board, aligns with Manba Finance’s emphasis on robust governance as it navigates an NBFC-financial services landscape.
Beyond the chairmanship change, the board has reconstituted its key committees. In the Nomination and Remuneration Committee (NRC), Nallepilly Ramaswami Parameshwaran is named as Chairman with Abhinav Sharma and Neelam Tater as members, marking a shift in committee leadership alongside the broader board refresh. The IT Strategy Committee (ITSC) is likewise reconstituted with Sujay Jagani as Chairman; Neelam Tater and Nallepilly Ramaswami Parameshwaran join as members, along with Saurabh Rai, the CIO & CTO. These adjustments underscore a renewed focus on governance, technology strategy and oversight as the company pursues its growth and risk management agenda.
Taken together, the moves reflect a deliberate realignment of leadership and governance at Manba Finance, pairing a fresh chair with enhanced committee governance to strengthen oversight of strategy, risk, and technology. As the board continues to steer the firm through its capital and lending initiatives, the mix of independent directors and seasoned IT governance voices is positioned to shape decision-making at the highest level.