Accretive Cleantech Finance Private Limited is now Ecofy Finance Private Limited
Company overview
Ecofy is a one of its kind green-only NBFC. We partner with people and businesses who want to reduce their carbon footprint and restore balance to the planet.
Our promoter is Eversource Capital, an equal joint venture between Everstone Group and Lightsource bp. Eversource manages India's largest climate impact fund.
Our vision is coloured green for we want to be a catalyst in accelerating the green transition towards a net zero carbon world. We are here to direct all our financial and intellectual capital towards supporting green choices.
Our milestones
Acquired a customer base of 24,000+ customers
Mar
2024
Presence across 14 States
Mar
2024
450+ Employees and 90+ Partners
Mar
2024
Impact created: 9,441+ tonnes of carbon emission savings
Mar
2024
Secured an investment of INR 900 MN from Dutch Development Bank, FMO
Jan
2024
1st corporate credit rating from CRISIL: Received!
May
2023
Board of Directors
Arun Sharma
Independent Director (Additional)
Mr. Arun Sharma is the President of GROVEPIKE Associates, an independent advisory firm headquartered in Bethesda, Maryland, USA. GROVEPIKE Associates specializes in providing financial and strategic advisory services to government organizations, multilateral agencies, global financial institutions, and non-profit organizations.
Before establishing GROVEPIKE Associates, Mr. Sharma served as the Chief Investment Officer at the International Finance Corporation (IFC) in Washington DC, a position he held from 1990 to 2019. During his extensive tenure at IFC, he pioneered climate finance in emerging markets at IFC, overseeing their inaugural investments in Green Bonds and green loans, as well as establishing India's first Green Finance NBFC through an IFC joint venture.
Mr. Sharma holds an MBA earned as a Hubert Humphrey fellow at American University in Washington DC. Additionally, he has completed executive education programs at renowned institutions including the Wharton School, Oxford University, INSEAD in France, and IMD in Lausanne.
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Ms. Rajashree Nambiar is the Co-founder, Managing Director & Chief Executive Officer at Ecofy. She is a seasoned professional with over 30 years of rich and diverse experience in the BFSI domain.
Before Co-founding Ecofy, Ms Nambiar was the MD & CEO at Fullerton India Credit Company Limited (Now SMFG India Credit) where she drove the overall strategy of the company and its subsidiaries - covering Risk, Operations, Technology, Analytics, and Digital initiatives. Prior to this at IIFL Finance, as the CEO and Executive Director, she successfully developed and executed a long-term business strategy focused on diversification of the retail segment into retail housing, commercial vehicles, Gold loans, and SMEs. She led the organization through a rapid digital transformation during her stint.
Prior to joining IIFL, Ms Nambiar spent 22 years with Standard Chartered Bank within the retail segment where she held various management roles. Her last position at the Bank was as Head of Retail Products for India & South Asia.
On the academic front, Ms. Nambiar holds an MBA from the prestigious Jamnalal Bajaj Institute of Management Studies (JBIMS).
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Mr. Govind Sankaranarayanan is the Co-founder, Wholetime Director & Chief Operating Officer at Ecofy. With over 30 years of experience and extensive expertise in fundraising, policy advocacy, green product development, and team building, he is a valuable asset to any organization.
Before Co-founding Ecofy, Mr. Sankaranarayanan spent 27 years at Tata and led teams in India, UK, US, and Canada across several industries. For 11 years, as Group COO & CFO, Govind was responsible for leading Tata Capital to revenues of Rs 7,000 crore and Rs 65,000 crore of AUM. In doing so he was instrumental in creating one of Tata’s largest businesses, with an AUM of $10 billion with a wide range of retail and wholesale products, establishing high-quality technology platforms and prudent risk frameworks.
Mr. Sankaranarayanan has served as a Board Director for Tata Capital Housing Finance, VSNL International, Tata Motors Drivelines, Tata Teleservices Maharashtra, Quikjet Ltd, and E-Nxt Financials. He currently advises numerous fintech companies as a Board advisor.
His academic achievements include a BE Hons in Chemical Engineering from Birla Institute of Technology and Science, an MBA from the Indian Institute of Management Bangalore, and a finance master's from the esteemed London Business School. In 1999, he received the British Chevening Leadership award from the British Foreign and Commonwealth Office for his outstanding leadership potential.
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Pankaj Thapar
Non-Executive Director
Mr. Pankaj Thapar is a Senior Advisor at Everstone Capital Advisors Private Limited, drawing upon his 30-year expertise in corporate finance and investment banking. His experience spans domestic and international banks and corporations, making him a valuable source of knowledge in his current position.
Prior to joining Everstone, Mr. Thapar served as the Chief Business Officer at IndoSpace Capital Advisors, where he played a pivotal role in driving the organization's achievements. His professional proficiency encompasses commercial negotiations, mergers and acquisitions (M&A), and corporate finance.
Mr. Thapar is an MBA Finance graduate from University of Delhi, and holds a B.Com (Hons.) degree from Shri Ram College of Commerce.
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Rohit Talwalkar
Non-Executive Director (Additional)
Mr. Rohit Talwalkar is the Managing Director at Everstone Capital Advisors Private Limited, with over 23 years of experience in Financial Services and a proven track record in building robust corporate and institutional relationships.
Before joining Eversource, Rohit served as the Head of Corporate & Structured Finance at IndoStar Capital Finance (an Everstone investee company) and Everstone Credit Platform. In this role, he effectively deployed over USD 1.5 billion across diverse sectors. From 2006 to 2011, Rohit held the position of Investment Manager & Chief Compliance Officer at ADM Capital, where he was a key member of the core investment team responsible for deploying USD 500 million across various special situation opportunities.
Rohit holds an MBA (PGPM) from the Indian School of Business, an LL.B. degree from Pune University, and is also a Company Secretary.
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Leadership Team
With her stellar 29-year track record, Rajashree brings a wealth of experience from her diverse career. Having excelled in multinational banks, Indian promoter-led companies, and foreign-owned NBFCs, her current venture is a testament to her profound passion. Balancing her roles as a businesswoman, leader, traveller, and mother, she exemplifies grace and steadfastness.
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A dedicated stalwart of climate finance, Govind has been an integral part of Ecofy since its inception. With 29 years of diverse industry experience, he played a key role as a founding member of one of the country's leading NBFCs. Currently, he drives fundraising efforts and spearheads the creation of green products, keeping a keen eye towards development in the sector and the details of execution. In his leisure time, he cherishes moments with his family and enjoys playing tennis.
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For expertise in tackling complex matters, turn to Anujeet. With an extensive background spanning over 20 years in NBFCs, global consulting, internal auditing, and entrepreneurship, he is your reliable source of guidance. On weekends, he channels his interests as an agriculturist, showcasing his diverse talents.
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Introducing Shreevar, our dedicated and passionate tech builder. With a perpetual enthusiasm for building and scaling technology platforms, he prioritises delivering exceptional experiences to our valued customers and partners. His expertise lies in setting up the perfect platforms and ensuring best-in-class solutions for all.
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Meet Sumeru, the Business Head of our EV 2W vertical. With a deep passion for business and a remarkable depth of knowledge, he is eager to share valuable insights. When he's not immersed in the world of electric vehicles, Sumeru's mind races with thoughts of Formula 1, finance, and anything that revolves around wheels.
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Gaurav is devoted to empowering SMEs on their journey towards energy efficiency and sustainability. With his technological expertise and savviness, he establishes streamlined application processes, providing green loans to assist SMEs in achieving their aspirations to #domoregreen.
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Swapnil, a seasoned Solar Consultant at Ecofy, boasts a rich origin story deeply rooted in the solar sector's mass commercialization. With extensive experience across every dimension of the industry, he leverages his expertise to bridge financing gaps and facilitate the widespread adoption of solar energy.
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Get ready to ride the winds of change with Sivaprasad, the visionary Business Head of EV-3W. Armed with a treasure trove of portfolio management, risk assessment, banking, sales, and credit analysis skills, his strategic brilliance and profound expertise propel our mission to champion a greener future, one three-wheeler at a time.
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Ankur, a distinguished finance expert, brings extensive experience in retail banking, corporate banking, financial control, and cost management. His dedication lies in assisting businesses approaching Ecofy to discover the perfect green finance solutions. When he's not immersed in the world of finance, Ankur indulges in his passions for movies, table tennis, and cricket.
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Unleash the power of data with Ratul Paul, our innovative Chief Data Officer. With a diverse background in software engineering and data science, Ratul's expertise in analytics and product strategies revolutionises our mission of supporting green choices. Prepare for a data-driven journey towards a sustainable future!
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Enter the realm of financial wizardry with Kailash, our Head of Co-lending & Strategic Projects. With an illustrious 12-year career, his expertise in finance, strategic initiatives, and digital MSME lending is unparalleled. Get ready to witness the extraordinary blend of green choices and unrivalled financial prowess he brings to the table!
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Khushal, our trailblazer leader spearheading Green Technology & Projects. With an illustrious background in electrical engineering and an MBA in Energy and Environment, his extensive experience in power transmission, renewable energy, and green financing propels our journey towards a sustainable future!
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Meet Santosh Shidhaye, our visionary Head of ESG at Ecofy. With a passion for sustainability, Santosh blends innovation and commitment in crafting a greener future. Join us on this exciting journey toward a sustainable tomorrow, guided by Santosh's expertise and dedication to a better world.
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Introducing Amishi, a valued member of our Human Resources team, who is committed to fostering happiness and empowerment in the workplace. She brings a delightful combination of passion and positivity, drawing inspiration from her love for music and swimming.
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Meet Khwahish Rawal, our ingenious Company Secretary and Head Compliance at Ecofy, with 12+ years of stellar expertise. A law graduate and a distinguished member of the Institute of Company Secretaries of India, Khwahish masters corporate governance, compliance, and regulatory affairs, navigating these waters with finesse. She is here to steer us toward new horizons, ensuring a smooth sail through corporate responsibilities.
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Meet Shraboni, our dynamic marketing expert leading our brand communications. With a decade of expertise in corporate communications, social media marketing, brand management, and CSR, her creative prowess and unwavering dedication drive our marketing efforts towards a greener future.
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Meet Rishabh, a multi-talented individual who excels effortlessly in diverse roles. With a robust background in finance and strategy spanning 7 years across consumer goods and BFSI sectors, he collaborates seamlessly with teams to achieve the company's goals. Rishabh is also a phenomenal musician, showcasing his talent as a side pursuit.
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awards & accoladesD
1- Award
2- Award