Making rapid advances in the school financing space, Indian School Finance Company (ISFC) has inducted IT veteran Hari Padmanabhan onboard as its Independent Director. Mr. Padmanabhan will add considerable thrust to ISFC’s ongoing digital transformation efforts with his proficiency in building and mentoring ground-breaking tech-driven ventures.
Hari Padmanabhan dons multiple hats as an industry veteran, serial entrepreneur, venture and angel investor, and mentor. An alumnus of IIT Kanpur and IIM Kolkata, Mr. Padmanabhan had pioneered software product development in the Middle East by founding INSYST in 1986. He also founded TiE (The Indus Entrepreneurs) Dubai in 2003 . He was previously the Chairman of Pan IIT Alumni India (the apex body of the alumni of the Indian Institutes of Technology) as well, wherein he spearheaded Pan IIT Alumni’s nation-building initiatives. At present, he is the Executive Chairman of Encore, an early stage investor in Enterprise application software and the Chairman and Mentor of OS Labs, the developer of INDUS OS – which pioneered the Indian languages mobile experience and now runs India’s very own INDUS AppBazaar. Mr. Padmanabhan was felicitated by Dr. APJ Abdul Kalam in 2009 as a Distinguished Alumnus of the S.I.E.S. group of colleges.
Speaking on the development, Sandeep Wirkhare, MD & CEO, ISFC said, “Mr. Padmanabhan is a known industry name who has been a growth hacker for several global corporations. Today, the lines between finance and technology continue to fade faster than we can think. At ISFC, we are glad to have a thought leader like him on board and are confident that his valuable inputs will add to the quality of our technological interventions in finance.”
Hari Padmanabhan, Independent Director, ISFC said, “ISFC has come a long way in its market journey. It has proven its mettle by extending economic support to educational institutions in India despite strong economic headwinds. I am very impressed by the ISFC leadership and exude my conviction in its vision. The interactions that I’ve had so far with all of the ISFC stakeholders have been very conducive and I look forward to creating the desired synergies together.”
ISFC is an education sector lender that caters to K-12 schools, vocational training centers, coaching institutes, and teachers (via personal loans) alongside others. It aims to disburse more than INR 300 crores during FY2021-22. ISFC also intends to double its partner network over the next few years while launching several new offerings – such as student financing for K-12, coaching, and skill development – through its focused digital transformation.