ROLE BRIEF
Executive Director, Proposed Non-Banking Financial Company
Wholesale Lending | Bengaluru
- The Role at a Glance

Position
Executive Director (Whole-Time Director), proposed NBFC

Entity
New private limited company, to be incorporated as a wholly owned subsidiary of Stable-Alpha Technologies Private Limited

Proposed registration
Investment and Credit Company (NBFC-ICC), non-deposit taking, Base Layer

Reporting to
Board of Directors

Location
Bengaluru

Experience Sought
15 years or more in banking or financial services, with depth in lending and credit underwriting

Compensation
Competitive and commensurate with experience. Includes participation in the group's long term incentive plan.

Business plan in brief
- Phase 1: wholesale lending. The NBFC will begin with secured wholesale lending to other NBFCs, through term loans and subscription to non-convertible debentures of growth stage NBFCs. Ticket sizes will be in the range of ₹1 crore to ₹10 crore. The sponsor already understands this segment well from the fixed income side.



Starting here also allows the credit function to be built and tested on a small set of institutional counterparties that can be monitored closely.
- Phase 2: retail lending. Once the wholesale book has seasoned and the underwriting framework has been tested through a credit cycle, and once the necessary governance, technology and collections capability are in place, the NBFC intends to move progressively into direct retail lending, drawing on the sponsor's distribution reach and customer relationships.
- Capital and funding. Initial equity of about ₹50 crore will be brought in by Secure-Alpha, well above the ₹10 crore minimum Net Owned Fund requirement. Borrowings are targeted at gearing of about 3 times, against the ceiling of 7 times applicable to Base Layer NBFCs. Funding is planned through a mix of bank lines, institutional placements and public issues of secured, rated and listed NCDs. No borrowing will be raised before the C

📌 Executive Director (Bengaluru)
🏢 eDataBae
📍 Bengaluru