Propelld Subsidiary Edgro appoints Anil Mehta as Independent Director


Bangalore, 25 January 2024: Edgro, a subsidiary of Propelld, today announced the appointment of Mr. Anil Mehta as an independent director to its board. This strategic addition comes following Edgro’s recent attainment of the NBFC License from the Reserve Bank of India.

Anil Mehta’s appointment reflects Edgro’s commitment to fortify its board with seasoned professionals, poised to drive strategic initiatives and steer the company towards sustained success.

Welcoming him onboard, Bibhu Prasad Das said, “We are thrilled to welcome Anil to the board of Edgro. His extensive experience and proven track record in the financial sector align perfectly with our vision for growth and innovation. His guidance will be instrumental as we navigate new opportunities and reinforce our commitment to empowering the financial landscape.”

With an illustrious career spanning over the years, Anil Mehta brings invaluable expertise and visionary leadership to the board. He is widely recognized as the founder of India Shelter Finance, a leading housing finance company renowned for extending credit to middle-income households.

Throughout his professional journey, Mr. Mehta has held pivotal roles at esteemed institutions, showcasing his prowess in spearheading consumer credit and business functions while establishing multiple successful ventures. Notably, his contributions include instrumental tenures at Max Life Insurance, Australia and New Zealand Banking Group, Bank of America, and American Express, where he showcased exceptional acumen in nurturing new businesses.

Anil Mehta’s distinguished career commenced at HDFC Bank, where he laid the foundation for his professional journey. His seasoned experience extends beyond executive roles, as evidenced by his impactful service as an independent director at Orbis Capital and Orbis Financial. In these capacities, he brought strategic insights and governance expertise to the table, showcasing his ability to contribute meaningfully to diverse sectors within the financial industry.