Sridharan joined Axis Bank in June 2010 and was elevated to CFO in October 2015. At Axis Bank he worked in payments businesses comprising retail lending products, cards business and the agriculture and rural lending business. Before joining Axis Bank, Jairam worked with Capital One Financial, as head of the ‘New to Credit’ card acquisitions. He started his career at ICICI Bank, where he headed the ‘business intelligence unit’ and developed the analytical capabilities of the bank.
With over two decades of experience, Sridharan is a graduate from IIT Delhi and holds a Post-Graduate Diploma in Management from IIM Calcutta.
Outlining growth priorities for financial services Piramal Enterprises
said it would enter retail lending and would explore in-organic growth opportunities. While expanding customer segment and geographic reach, it will target self-employed customers for higher yields and better fee income and tap tier 2 and 3 cities. It will leverage technology to reducing costs by centralising operating model and using − Analytics-driven underwriting which is based on behavior-driven models.
As on March 31, 2019, the financial services business portfolio stood at Rs 56,624 crore, of which real estate financing (construction finance, mezzanine, and lease rent discounting) constituted around 72 per cent. Of this, Rs 38,518 crore is attributable to PCHFL. The lending business of the group started off with mezzanine financing and has gradually moved towards more of construction finance.