Chennai, Tamil Nadu, India, September 2025 – Mr. Jayaraman Balakrishnan has been appointed as Whole-Time Director and Chief Executive Officer (CEO) of Belstar Microfinance Limited, effective 1st September 2025.
Mr. J. Balakrishnan brings with him an extraordinary legacy of over 39 years in banking, having served as General Manager at Indian Overseas Bank. His illustrious career at the bank included leadership in banking operations, audit, public relations, training, consultancy, and credit management. During his tenure, he played a significant role in shaping regional and national banking strategies and developing people capabilities across levels.
After his retirement from Indian Overseas Bank, he continued contributing to the country’s development as Financial Advisor to the Technology Development Board, Government of India, where he evaluated innovative projects for commercial viability under the Ministry of Science & Technology. This role positioned him at the intersection of technology, finance, and entrepreneurship.
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In the last year, Mr. Balakrishnan has served as Chief Operating Officer and later as CEO at Belstar Microfinance Limited, one of India’s top 10 MFIs with a Crisil AA+ rating. He has overseen operations, risk, audit, IT, HR, marketing, and finance, playing a pivotal role in driving organizational transformation.
Prior to this, he also worked as an Independent Financial Advisor with Alpha Assets Advisory Services, further strengthening his advisory acumen. His educational background includes an MBA in Finance from Indira Gandhi National Open University, equipping him with both academic insight and practical wisdom.
Beyond the Boardroom
A man of multidimensional excellence, Mr. Balakrishnan is a former international basketball player who represented India and is also a certified fitness trainer. His blend of discipline, leadership, and holistic lifestyle brings a unique edge to his corporate role—bridging physical and financial well-being.
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About Belstar Microfinance Limited
Belstar Microfinance Limited (Belstar) is a Non-Banking Finance Company (NBFC) and a subsidiary of Muthoot Finance Limited. With a strong focus on a double bottom line, Belstar strives for both financial performance and social transformation. The company works closely with Hand in Hand India to alleviate poverty and support community development. Its association with the Muthoot Finance Group enhances brand recall, marketing capability, and operational strength, enabling Belstar to expand its reach and impact across India.
Belstar has successfully evolved into a profitable and high-potential MFI with low credit risk, offering access to financial services while pursuing the goal of inclusive economic empowerment.
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