Mumbai, Maharashtra, India, November 2025 — IndoStar Capital Finance Ltd. has announced that Arvind Uppal has stepped into a new role as Chief Business Officer, marking a significant leadership transition within the organisation. In this role, he will lead business strategy, growth, and operational excellence across the company’s lending portfolio while supporting IndoStar’s mission of driving financial inclusion in Tier-2 to Tier-4 markets across India.
Before this appointment, Uppal served as Senior Vice President – Head Collections at IndoStar Capital Finance Ltd. In this capacity, he led enterprise-wide collections strategy and execution across multiple retail lending lines, including vehicle finance and secured portfolios. His leadership contributed to operational resilience, improved portfolio efficiency, and the strengthening of recovery systems in a competitive financial landscape.
Prior to that role, Uppal was Vice President & Head Collections – Vehicle Finance at IndoStar Capital Finance Ltd. His responsibilities included strategic oversight of the vehicle credit cycle, collections optimisation, and customer lifecycle management within the commercial and personal mobility lending space.
Before joining IndoStar, Uppal served as Head Collections – Digital at Aditya Birla Finance Limited. During his tenure, he led digital recovery operations, strengthened automated recovery models, and drove transformation initiatives aligned to the organisation’s digital-first lending strategy.
Earlier in his career, Uppal spent more than a decade at Cholamandalam Investment and Finance Company Limited, where he held multiple leadership roles including Associate Vice President, Sr. AVP & Zonal Receivable Manager – West, and Regional Sales Manager – Vehicle Finance. His responsibilities covered credit management, receivables strategy, portfolio governance, and zonal sales across multiple states including Maharashtra, Gujarat, Madhya Pradesh, and Goa. He also gained foundational financial services experience in roles with GE Capital and Standard Chartered Bank, building expertise across credit, collections, and retail finance.
About IndoStar Capital Finance Ltd.
IndoStar Capital Finance Ltd. is a professionally managed NBFC registered with the Reserve Bank of India, co-promoted by Brookfield and Everstone. The organisation plays a pivotal role in empowering India’s retail and small business ecosystem by providing accessible lending solutions to underserved markets, particularly in Tier-2 to Tier-4 locations.
With more than 440 branches, ₹7,022+ crore AUM, and a serviced base of over 1 lakh customers, IndoStar continues to deliver competitive pricing, transparent lending frameworks, and solutions across commercial vehicles, construction equipment, farm equipment, passenger vehicles, loans against property, and insurance offerings—supporting sustainable livelihood creation and financial inclusion.
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