Overview

Deccan Finance is a RBI registered (Since 1980) NBFC which has grown over the past decades on the foundations of dedicated customer service, fair business practices, and efficient, safe and trusted financial policies. The Company started on 2nd November 1978 with an extensive business on Asset Financing. The Company today has Business presence at Chennai, Pondicherry and Bengaluru.  The company has evolved over time and has transformed to meet the ever changing demands of our customers and we take pride in being able to solve their problems. My Ride finance is our newest endeavor towards the passion of making life easy for our customers. The company is being managed by the Managing Director, Deputy Managing Director and Executive Director under the supervision of the Board.

Vision

Mission

Board of Directors

Kailash Mull Dugar served as Past President of the Federation of Indian Hire-Purchase Association and the Andhra Chamber of Commerce. Former President of a few financial associations and Finance Industry Development Council Committee Member.

Kailashmull Dugar

Executive Chairman

Sanjay Bhansali, the Managing Director of Deccan Finance Limited, has over 28 years of expertise in the automotive finance industry. He is well-connected in the financial sector, having served as Chairman of numerous organizations and is a committee member of the Finance Companies Associations.

Sanjay Bhansali

Managing Director

Rajesh Rao has worked for several authorities for over 23 years. He worked in various organizations across India in multiple roles. Expertise in a number of fields. Collaborations with banks, RRBs, NBFCs, and MFIs.

Rajesh Balakrishna Rao

Director

Biswadev Banerjee has worked at GE Money, CitiFinancial, and ICICI Bank, and has over 20 years of experience in TW finance. New NBFC Tata Motors Finance Solutions for Used Commercial Vehicles has been started. Biswadev Banerjee was involved in the development of risk and credit policies, to deliver a customer experience.

Biswadev Banerjee

Director

Hemant Dugar is a director, holds a master’s degree in computer science and has worked in the software sector for over 20 years. He works in the software industry and leads a software company. He also invests in real estate.

Hemant Dugar

Director

P.S.Balasubramaniam has over 50 years of experience in the financial services sector. He was the Managing director of The Investment Trust of India, an NBFC, was the President/Chairman of the Federation of Indian Hire Purchase Association, Equipment Leasing Association and vice President of Asian Leasing Association.

P.S.Balasubramaniam

Director

Abhay S Mehta is a director, a Professional Gemologist, and a partner in the Mehta Jewellery family business, which specializes in retailing and manufacturing jewellery. He was the Regional Chair for South Asia and an active member of EO (Entrepreneur’s Organization) 

Abhay S Mehta

Director

K.V.Ramana Shetty is a Director with over 25 years of experience in the construction industry. He is a Managing Director of GK Shetty Construction Private Limited. A major real estate investor who works for large construction companies.

K.V.Ramana Shetty

Director

Murali Rama-swami is an executive director having 3 decades of experience in various facets of Banking, essentially in Credit, Finance, and Operations. He worked as a Result-oriented, Financial, Management, and Banking Professional.

Murali Ramasamy

 Independent Director

Milestones

1980
1992-93
2000
2015
2017-20
2021

1980

1980

Incorporation

Deccan Finance laid the first baby steps in the year of 1980. It started as a deposit taking NBFC. It commenced its UCV business also during the same time. The company listed itself in the Madras stock exchange in the year 1980.

1992-93

1992-93
  • In the year 1992-93, Mr Sanjay Bansali joined the Company. Mr Kailash Duggar continues as the Chairman of the company.
  • The company also converts itself into non deposit taking NBFC and prepaid Rs. 11 crore of deposits in doing so.
  • Another important milestone for Deccan Finance also came in the same year. Deccan Finance became the exclusive new car financier for Maruti Udyog in TamilNadu.

2000

2000

New Openings

In the year 2000, the company took another step in helping Indians own a car. Deccan finance started financing used cars in addition to new cars.

2015

2015

Mr Sanjay Bhansali was appointed as the Managing director of Deccan Finance Limited. This is the position which he continues to hold today.

2017-20

2017-20

Going Private

In 2017 the company decided to go private, and delisted from the Madras stock exchange. The shares were purchased in a buyback offer at Rs. 40 per share. This transformation was complete by 2020. The company also saw tremendous growth in the used car financing Business.

2021

2021

In 2021, the company started another phase of transformation and it included a professional management team to launch the flagship two wheeler financing arm, ‘My Ride Finance’.

Leadership Team

Gopi Vinayagam is the head of IT & Operation and has 14 years of experience in application development in both Mobile & Web technology. Working as an application developer in NBFS from 2006 to till date.

Gopi Vinayagam

Head - IT & Operation

Manthralaya Nivasan has 25 years of experience in achieving business growth objectives. Establishing strategic alliances and tie-ups increased the organization’s market share; delivered cost-effective logistical operations across the distribution channel. 

Nivasan SM

Head - Network & Business

Alamelu A is a Vice President with 23 years of expertise in the finance sector. Interacting with IT vendors and internal IT team to implement a new product accounting sequence in the system and resolve account-related issues.

Alamelu A

Vice-President Finance & Planning

N.Vasanth has 24 years of experience in various financial sectors. Managed and Established collection infrastructure through agencies and field force for 250 branches across South India for Personal Loan and Commercial vehicle Segment.

Vasanth N

Vice President - Credit & Risk

Johnson Raju Gona is a Zonal Manager who has 17 years of experience selling auto loans in a wide range of industries. Johnson Raju Gona’s most recent position was as Regional Head of Auto Loans of a few southern states at ESAF Small Finance Bank.

Johnsonraju Gona

Zonal Manager - Sales

Awards

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Grievance Redressal

Alamelu A, Vice-President-Finance & Planning of the Company is the Grievance Redressal Officer under the Fair Practices Code. She can be approached by the customer for resolution of complaints against the Company in the below mentioned address:

Deccan Finance Limited
“Padminee Towers”, 3rd Floor,
No.20, Pycrofts Garden Road,
Nungambakkam, Chennai – 600 006
Email address: alamelu.a@myridefinance.com

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