SMFG India Credit (SMICC), one of India’s leading non-banking financial companies (NBFCs) with an AUM of over INR 60,000 crore and a customer base of over 3,000,000, has appointed Mr Ravi Narayanan as its new CEO, effective August 28, 2025. Having served in senior leadership capacities at Axis Bank and HDFC Bank, Ravi brings over three decades of extensive experience in retail and branch distribution. He has also served on the boards of Axis Securities and Axis Mutual Fund.
Mr Rajeev Kannan, Chairman, SMFG India Credit, said, “We are pleased to appoint Mr Ravi Narayanan as CEO of SMFG India Credit. I am confident that his experience in retail and branch networks will drive the SMFG India franchise into its next era of growth and create significant value for shareholders.”
Talking about his new role, Mr Ravi Narayanan said, “Building on our strong foundation, I look forward to collaborating with the dedicated leaders and employees at SMFG India to accelerate our retail business and deepen customer engagement through our branch network across the country. My priority will be to drive sustainable growth, forge strategic partnerships, and strengthen our risk and compliance culture to deliver lasting value for all stakeholders. I am pleased to join SMBC Group, which has a legacy of over 400 years, as it embarks on a journey to expand its footprint and investment in India.”
SMFG India Credit Co. Ltd., a leading NBFC–Investment and Credit Company (NBFC-ICC) registered with the Reserve Bank of India and a wholly owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), has been operating in India since 2007. Together with its subsidiary, SMFG India Home Finance Co. Ltd. (also known as SMFG Grihashakti), the company has established a pan-India presence across 670+ towns and 70,000+ villages through 1,005 branches and 25,000+ employees, offering lending products to underserved and unserved retail and small business borrowers. By doing so, it has introduced many to formal credit. SMFG India Credit, along with SMFG Grihashakti, offers a comprehensive range of lending solutions, including SME financing, commercial vehicle and two-wheeler loans, home loans, home improvement loans, loans against property and shares, personal loans, and rural livelihood advancement loans.
About Sumitomo Mitsui Financial Group (SMFG)
SMFG is one of the largest global banking and financial services groups, offering a diverse range of financial services including commercial banking, leasing, securities, and consumer finance. It is headquartered in Japan and listed on the Tokyo and New York (via ADR) Stock Exchanges, with a market capitalisation of approximately US$97.5 billion (as of 30 June 2025). SMFG is one of the global systemically important banks (G-SIBs) and holds high credit ratings of A1 by Moody’s Investors Service and A- by Standard & Poor’s.