Altico Capital names Naina Lal Kidwai as Non-Executive Director

Mumbai based Non-banking financial company Altico Capital India has appointed former HSBC India chairperson Naina Lal Kidwai as an independent non-executive director.

Altico, focused on real estate, is looking to invest about Rs 2,500 crore every year for five years in the Indian real estate market. Naina lal Kidwai retired as executive director on the board of HSBC Asia Pacific and chairperson of HSBC India last year, after a 13-year stint. 

Important fact about Naina lal Kidwai:

She is on the boards of Larsen & Toubro Limited, Advent Private Equity, Nestle SA, Cipla Ltd and Max Financial Services Ltd besides being chairperson of South Asia Harvard Business School. She is currently involved with several industry associations and has previously been president of FICCI. 

About HSBC
HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC’s international network comprises around 7,500 offices in over 80 countries and territories in Europe

Extra info:
  • Altico Capital India Private Limited is Clearwater Capital’s re-branded India credit platform focusing on high yield asset-backed credit strategies.The firm has raised substantial capital from world class shareholders and is committing capital to liquidity starved Indian companies.
  • Altico is a provider of alternate capital to Indian corporates that need customized financing solutions to unlock value from their enterprise and assets.

So lets do:
  • Recetly Who is appointed as Non-executive director of Altico Capital India?
  • Who is the Chairman of Federation of Indian Chambers of Commerce & Industry (FICCI)?

Source – The Hindu

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