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Board of Directors

Mr. Rakesh SethiNon-Executive Chairman

Mr. Rakesh Sethi age 62 years, is a professional banker with over 38 years of experience in Banking. Mr. Sethi is a Gold Medalist in Master of Commerce from the Osmania University, Hyderabad. He started his banking with Andhra Bank, where he rose to the position of General Manager, before being appointed by the Government of India as Executive Director with Punjab National Bank (“PNB”) from January 1, 2011 to March 11, 2014. He was Chairman and Managing Director of Allahabad Bank from March 12, 2014 to April 30, 2017. During his career as a banker, he has worked in various positions and has acquired rich experience in banking. Besides handling varied assignments, including Corporate Banking, Foreign Exchange, Credit, Risk Management, Deposit Planning, Corporate Communications, Government Business.

Mr. Karan DesaiJoint Managing Director

Mr. Desai serves as the Joint Managing Director of DFLTD and brings significant financing and operational experience to the company. He has previously worked with reputed financial institutions including Bank of America, PwC and lastly as head of Corporate Finance at Centrum Capital Limited. He also served as the Chief Operating Officer of a PE fund backed healthcare services company prior to joining DFLTD.

Mr. Desai is a Master’s degree holder in International Business & Management from Westminster Business School, London and a commerce graduate from Narsee Monjee College, Mumbai.

Mr. Rohanjeet Singh JunejaJoint Managing Director

Mr. Rohanjeet Singh Juneja, age 39 years, is an investment banker and hedge fund manager with over 17 years of experience in research, strategy, portfolio management, financial analysis and mergers & acquisitions. Mr. Juneja is a CFA charterholder from CFA Institute, USA. He started his career in 2002 as Equity Research Associate with Keefe Bruyette & Woods and was elevated to the position of Assistant Vice President. He subsequently worked with FrontPoint Partners, L.P. as Financial Analyst and Vice President from 2007 to 2011 were he extensively worked on analysis, research and investment in financial services and real estate companies in India, USA and China. He was associated with Seawolf Capital LLC from 2011 to 2017 as Vice President and Associate Portfolio Manager, responsible for investing and managing a portfolio of listed equities within financial services companies in India and USA. He also worked on companies in similar sectors located in Australia, Brazil and Canada. From 2017 to 2019 he was with WGC Management Services Private Limited as Head of Research and Strategy, where he was part of the core group that led strategy for a Housing Finance Company and a Non-Banking Finance Company.

Mr. Ashish DalalNon Executive Director

Mr. Dalal was the founder and Managing Partner of Dalal & Shah, Chartered Accountants which was widely regarded as one of the country’s top accounting and auditing firms prior to it being merged into the PwC network. Mr. Dalal’s areas of expertise includes corporate accounting, finance, audit, business evaluations, mergers, acquisitions, strategic alliances and other fields of corporate consultancy.

He is on the Advisory Board of the Piramal Group Company – Indiareit Fund Advisors Pvt. Limited. Mr. Dalal holds a Bachelor’s Degree in Commerce and is a Fellow Member of the Institute of Chartered Accountants of India since 1982.

Mr. Nirmal Momaya Independent Director

Mr. Momaya is an Entrepreneur with over 30 years of experience in various industries including Specialty chemicals, FMCG, quick service Restaurants, Engineering and Retail. He sits on the Boards of multiple reputed companies including Camlin Fine Sciences Limited. and Capital Foods Limited.

Mr. Momaya cleared his B.Com with honours in the year 1986 and completed his Chartered Accountancy degree in 1987.

Mr. K.P RaghuvanshiIndependent Director

A 1980 Batch IPS Officer with varied experience of over 35 years in leadership roles across Administration, Collection of Intelligence Investigations, Security Management (Valued Assets, General & VIP), Prevention & Detection of Crime, Vigilance, Anti-Corruption, Maintenance of Law & Order, Counter Terrorism measures and Anti Naxal Operations.

Mr. Raghuvanshi has previously served as Additional Director General of Police (Law & Order) for the State of Maharashtra, as Commissioner of Police (Thane) from 2011 to 2014 and currently acts as a Strategic Security Advisor to the Reserve Bank of India.

Mrs. Manjari KackerIndependent Director

Mrs. Manjari Kacker, holds a master’s degree in Chemistry and a diploma in Business Administration. She has over 40 years of experience in taxation, finance, administration and vigilance. She was a Member of Indian Revenue Services batch of 1974 and retired as a Member of Central Board of Direct Taxes, in the rank of Special Secretary to the Government of India. She held various assignments during her tenure in the tax department and was also a member of the Central Board of Direct Taxes. She has also served as the Functional Director (Vigilance and Security) in Air India and has also represented India in international conferences. She is presently on the Boards of Reliance Communication, EGK Foods, Hindustan Gum & Chemicals and Zaffiro Learning.

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  • 2018-19
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