Mr Ashish Sapra to take over as new Chief Executive Officer of TVS Credit w.e.f from September, 2022

Mumbai, 10th August 2022: After successfully leading TVS Credit Services Limited for the
last 10 years, Mr. G Venkatraman will retire as the Director and CEO on 31st August 2022. He
will be succeeded by Mr. Ashish Sapra as CEO, who will join the organization in the first week
of September 2022. Mr. Sudarshan Venu, Director, TVS Credit Services Limited, said, “Over
the last few years, TVs Credit has really done well to grow in a fast and profitable way. In a
short time, the Company has grown to an AUM of Rs. 15,000+ Cr with a healthy balance
sheet. I am thankful to Venkat for his leadership combined with passion and prudence.

For the next phase, our focus will be on increased digitization, newer customer acquisition,
and rapid growth. Ashish comes with the relevant experience and track record, and I am
confident that under his leadership, TVS Credit will scale new heights and grow multi-fold.”
Mr. Ashish Sapra comes with 25+ years of professional work experience and has worked
across a wide array of financial products including retail assets, insurance, cards, and wealth
management and brings strong expertise in cross-sell.

Prior to joining TVS Credit, he was associated with the Bajaj Group for 14+ years across their
Housing Finance, General Insurance, and NBFC businesses. He brings the experience of P&L
management, driving digital and technology initiatives, efficiently managing senior
stakeholders, launching, and turning around businesses to optimize profitability. He has also
worked with American Express, HSBC, and Standard Chartered Bank.

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