Accretive Cleantech Finance Private Limited is now Ecofy Finance Private Limited
Company overview
Ecofy is a one of its kind green-only NBFC, dedicated to financing individuals and businesses committed to reducing their carbon footprint and restoring balance to the planet.
We are backed by Eversource Capital, a partnership between the Everstone Group and founders of Lightsource bp that has raised the largest single-country sustainable climate investment fund in the Global South. By pioneering new industries, Eversource mobilises and deploys capital at scale to drive large-scale sustainability solutions and accelerate progress towards a resilient economy.
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
Established a customer base of 80,000+ customers
May
2025
Enabled 2,05,358+ tonnes in carbon emission reductions
May
2025
Expanded footprint to 25 states and 500+ cities
May
2025
Workforce strength reached 800+; partner network grew to 120+
May
2025
Board of Directors
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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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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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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An avid traveller and Formula 1 enthusiast, Sangram brings in the same passion and dynamism to his role in financial services. With nearly 20 years of experience at industry giants like IDFC First, Poonawalla Fincorp, Barclays, and Citi India, he's a driving force in revolutionising business finance. His innovative approach, honed through leadership roles at U GRO Capital and Aditya Birla Finance, has consistently pushed the boundaries of what's possible in cross-sell, supply chain finance and beyond. Sangram's expertise spans product development, digital transformation, and green initiatives, empowering companies to embrace sustainable financial solutions.
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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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Nelson D'Souza is a seasoned finance leader with more than two decades of experience spanning across large corporates and start-ups. Previously associated with Pluckk, Origa Leasing, LEAP India, Avendus and Tata Capital, Nelson brings expertise in strategy, cost optimization, investor relations, and technology-driven solutions across sectors like food tech, digital commerce, financial services, and logistics.
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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 Partnerships and Co-lending.
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 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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awards & accoladesD
1- Award
2- Award