Nitstone Finserv, a digital lending platform that provides quick and hassle-free loans, has just obtained the approval to start operations of NBFC Business in India. Also, the company announced the appointment of three new independent Directors to the Board, namely Thomas T Riley, Alok Kumar Misra, and Vishwanath Prasad Singh.

We believe that the new members on the Board would bring a wealth of expertise, experience and international perspectives, diversity and excellent judgment to shape the future of the organization

Thomas holds an MBA from Harvard Business School, as well as a BS in Industrial Engineering from Stanford University. He is also a former United States Ambassador who worked with George W Bush for over five years. Alok is a former Chairman & Managing Director at Bank of India. He is a fellow of the certified institute of Bankers of Scotland (FCIBS) and also an Associate of Australian Institute of Banking & Finance (AAIBF). Vishwanath is a former Chairman & CEO of IFCI and has a rich experience working in financial institutions like Reserve Bank of India and Deloitte Touche Tohmatsu India.

Headquartered in Bengaluru, Nitstone is a technologically-backed NBFC taking radical approach to lending and financing. It focuses on Personal Loans and caters to the needs of India’s youth, Small Business Loans, Vehicle Loans, and Refinancing Loans. It offers financial solutions through lending and distribution through its online platform as well as offline branches.

Commenting on the recent development, Govindankutty Edaden, Executive VP, Nitstone Finserv, says, “We are delighted that these three accomplished gentlemen have joined the Board of the Company. We believe that the new members on the Board would bring a wealth of expertise, experience and international perspectives, diversity and excellent judgment to shape the future of the organization”.