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Board of directors

Photo of Mr. Ajay Mahajan
Mr. Ajay Mahajan
Chairman CARE Ratings Nepal Limited.

Mr. Ajay Mahajan is Chairman of CRNL and the Managing Director & CEO of CARE Ratings. He is a widely experienced financial services expert with 30 years in banking and capital market businesses. He worked in organizations like Bank of America where he started his career in 1990 and went on to become MD & Country Head of Global Markets Group. There, he also led the initiative of building the first 100% foreign owned NBFC in the country to do primary dealership and credit fixed income. Thereafter, Ajay Mahajan joined YES BANK in a top management role to build out multiple functions like Financial Markets, Investment Management, Financial Institutions and International Banking. He moved thereafter to UBS in 2008 to build their India franchise from scratch, another deeply entrepreneurial role. In three years of joining, UBS had most credit, Financial Markets, Debt Capital Markets and Retail Products in India. HIs last assignment was a 7 year long stint in IDFC Group which he joined in 2013 to play a hugely transformative role to lead the conversion of their Infrastructure financing business to a multi-product, multi-segment wholesale banking business comprising Corporate Credit, SME Credit, Financial Markets, Government Banking, Financial Institutions and International Banking. Besides, this role required building teams, systems, processes and cutting-edge technologies to support the wholesale bank’s growth. He was one of the founding members of FIMMDA, the financial markets SRO in India and headed product development committee and several other initiatives for market development. He also held the Vice Chairman role at FIMMDA. While at this role, he was also entrusted with heading a sub-committee, a part of Jaspal Bindra Committee constituted in 2001, under the aegis of RBI to work on development of the financial markets and derivatives markets in India. He holds a Bachelor of Engineering in Electrical & Electronics Engineering from BITS Pilani, and an MBA from FMS (where he was a Gold medalist) and is also CFA Charter holder from CFA Institute, USA.

Photo of Mr. Mehul Pandya
Mr. Mehul Pandya
Director CARE Ratings Nepal Limited

Mr. Mehul Pandya is Director of CRNL and the Executive Director of CARE Ratings. He is a CFA Charterholder from CFA Institute, USA. He holds a Bachelor’s degree in Instrumentation and Control Engineering from Gujarat University and a Master of Business Administration degree from Bhavnagar University. He has also obtained a Diploma in Financial Management from Narsee Monjee Institute of Management Studies. He has more than 21 years of experience in credit risk and financial sectors. He has been associated with CARE Ratings since 2000. He was earlier associated with Gujarat Industrial Investment Corporation Ltd. He is on the Board of Directors with CARE Risk Solutions Pvt. Ltd., CARE Advisory Research and Training Ltd. and CARE Ratings (Africa) P vt. Ltd. He is a nominated member on the Faculty of Management, Nirma University, Gujarat.

Photo of Mr. Binod Atreya
Mr. Binod Atreya
Director CARE Ratings Nepal Limited

Dr. Atreya is the Director of CRNL and the Chief Executive Officer of Emerging Nepal Limited (ENL). Prior to joining ENL, Dr. Atreya holds over 30 years of professional experiences in various capacities in Nepal Rastra Bank, the central bank of Nepal. He served as Executive Director at Micro Credit Promotion and Supervision Department, where he was mainly responsible for supervising the microfinance institutions, financial intermediaries and assigned cooperatives authorized to do limited banking activities. He also served as National Project Director for implementing UNNATI – Access to Finance Project in collaboration with UNCDF and Government of Denmark. He also served as Chief Executive Officer of Nepal Bank Limited, a commercial bank, for a period over three years. He did serve with UNDP projects in the Republic of Maldives, Marshall Islands and the Republic of Palau. He holds PhD degree in Public Management Reform from Victoria University of Technology, Melbourne, Australia, and MBA (India) and MPA (Nepal

Photo of Mr. T.N. Arun Kumar
Mr. T.N. Arun Kumar
Director CARE Ratings Nepal Limited

Mr. T.N. Arun Kumar is Director of CRNL and the Executive Director & Chief Ratings Officer of CARE Ratings. He has over 28 years of rich experience in credit rating and project appraisal and extensive knowledge about functioning of the corporate sector. After having worked for over 5 years in a Development Financial Institution, he joined CARE Ratings in December 1994. He was the Head of Ratings at CARE Ratings and has been instrumental in putting in place quality systems and sound rating processes during the period of rapid growth by CARE Ratings. He has a post-graduate degree in Management from Indian Institute of Management (IIM), Ahmedabad and a graduate in Agricultural Engineering from Indian Institute of Technology (IIT), Kharagpur. He also is a CFA Charterholder from the CFA Institute, USA and holds FRM certification awarded by GARP, USA.

Management

Photo of Mr. Sajan Goyal
Mr. Sajan Goyal
CEO CARE Ratings Nepal Limited

Mr. Sajan Goyal is the Chief Executive Officer of CRNL. A credit professional with over 11 years 2 of experience in the credit rating industry, he has been associated with CARE Ratings for the major part of his career with a stint in corporate banking operations of Andhra Bank. He is having a vast experience in credit risk management and business administration at Hyderabad and Chandigarh in India. Mr. Goyal is an MBA (Finance) from ICFAI Business School, Hyderabad, India and MS (Banking) from ICFAI University, India.

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