V. Vaidyanathan
- January 10, 2024
- Founder
Quick Facts
V. Vaidyanathan Biography
| Name | V. Vaidyanathan |
| Birthday | Jan 2 |
| Birth Year | 1968 |
| Place Of Birth | Chennai |
| Birth Country | India |
| Birth Sign | Capricorn |
V. Vaidyanathan is one of the most popular and richest Founder who was born on January 2, 1968 in Chennai, India. Vaidyanathan began his career at Citibank, and worked there from 1990-2000 in consumer banking. In 1999-2000, when ICICI decided to foray into Retail lending from Project Lending, he joined them to spearhead the Retail businesses. His responsibility included setting up the businesses including all key functions related to these businesses like strategy, team building, business relationships, Credit policy, Credit administration and risk management.
According to company stock exchange filing under regulation 7(2) read with Regulation 6(2) of Securities and Exchange Board of India (Prohibition of insider trading) in November 2018, Vaidyanathan informed that he gifted an additional 4.29 lakh shares to drivers, maids, present as well former colleagues and family members. The stock was valued Rs. 200 million Indian Rupees at the prevailing stock price on the date of the transfer.
In line with V. Vaidyanathan’s objective and long term plan of getting a banking license, on January 13, 2018, in a joint press release issued by IDFC Bank and Capital First, announced a merger. IDFC Bank is to issue 139 shares for every 10 shares of Capital First and Mr. Vaidyanathan will take over as the MD and CEO of the combined bank.
During this period, he has grown the total loan book from Rs.9.35 billion to Rs.295.68 billion (as of 30 June 2018), of which retail financing which grew from Rs.0.94 billion to Rs.272.2 billion (as on 30 June 2018), has grown the Market Cap from Rs.7.9 billion (as on 31 March 2012) to Rs.60.96 bn (as on 31 March 2018), reduced the NPA from 5.28% to 1.72% (90 DPD recognition norm), and got the long term credit rating upgraded to AAA. (Rs. 1.00 billion = USD 15 million @ 1 USD = Rs. 66.7)[1]
V. Vaidyanathan is Founder and Chairman of Capital First Ltd. He founded Capital First Ltd. by acquiring an equity stake in an existing wholesale NBFC, and then securing an equity backing of Rs. 810 crore in 2012 from reputed PE Warburg Pincus and concluded a successful buyout of the company which resulted in buyout of other majority and minority shareholders through an open offer to public. As part of the process, fresh capital of Rs. 1.00 billion was infused into the company, the board of directors was reconstituted, the business of the company was changed from wholesale to retail lending, and a new brand, Capital First was created. Post the buyout, Vaidyanathan holds shares and options totaling 13% of the company on a fully diluted basis through personal holdings and related entities. Before this entrepreneurial foray at 42, he was the MD and CEO of ICICI Prudential Life Insurance, and was earlier on the Board of ICICI bank.
V. Vaidyanathan Net Worth
| Net Worth | $5 Million |
| Source Of Income | Founder |
| House | Living in own house. |
V. Vaidyanathan is one of the richest Founder from India. According to our analysis, Wikipedia, Forbes & Business Insider, V. Vaidyanathan 's net worth $5 Million. (Last Update: December 11, 2023)
He joined ICICI when it was a Domestic Financial Institution (DFI) known for project financing, and the retail business he built helped the transition of ICICI from a DFI to a Universal Bank. He was appointed MD and CEO of ICICI Personal Financial Services (PFS) Limited at 32, and built the Retail Lending Business for ICICI since its inception. In 2002, ICICI Limited merged with its subsidiary ICICI bank and with ICICI PFS Limited. Post the merger, he became the Head of Retail Banking in charge of both Lending and Retail Liabilities in the merged entity, ICICI Bank Limited. He grew the retail business to over 1400 bank branches in 800 cities, 25 million customers, a vast CASA and retail deposit base, branch, internet and digital banking, and built a retail loan book of over Rs. 1.35 trillion in Mortgages, Auto loans, Commercial Vehicles, Credit Cards and Personal Loans. As an additional responsibility, he also built the ICICI Bank’s SME business since 2003, and managed the Rural Banking Business after 2007.
In 2012, venturing down the entrepreneurial road, he acquired a stake in an existing NBFC, then secured an equity backing of Rs. 8.10 billion from Warburg Pincus and thus founded Capital First Limited. Today, he is the Executive Chairman and Managing Director of this successful Retail NBFC. Vaidyanathan believed that there is a unique opportunity in financing India’s 30 million MSMEs and India’s emerging middle class, with a differentiated model based on new technology platforms. As part of this belief he exited four legacy businesses – Forex, Broking, Wealth management and Investment management and instead started retail financing in the company which includes MSME and Consumer lending businesses. Thus he transformed the existing wholesale NBFC, (90% of loan book was wholesale in March ’10), into a retail finance institution where over 85% of the business was migrated to retail. The company grew from 9 locations to 222 locations across India within 5 years.
In January 2018, he announced to the exchanges under regulation 7(2) read with Regulation 6(2) of Securities and Exchange Board of India (Prohibition of insider trading) that he had donated half million shares of Capital First of his personal wealth to Rukmini Foundation which is a social welfare trust to support activities providing education and healthcare support for economically underprivileged children and other such charitable causes. The stock was valued Rs. 400 million Indian Rupees at the prevailing stock price on the date of the transfer. Some of the initial beneficiaries of the trust are Genesis Foundation which works on the healthcare of children, Samparc who works on rehabilitation and education of children, and Apnalaya which works in the area of education of slum children in Mumbai.
Height, Weight & Body Measurements
V. Vaidyanathan height Not available right now. Vakhtang weight Not Known & body measurements will update soon.
Who is V. Vaidyanathan Dating?
According to our records, V. Vaidyanathan is possibily single & has not been previously engaged. As of December 1, 2023, V. Vaidyanathan’s is not dating anyone.
Relationships Record : We have no records of past relationships for V. Vaidyanathan. You may help us to build the dating records for V. Vaidyanathan!
Facts & Trivia
Vakhtang Ranked on the list of most popular Founder. Also ranked in the elit list of famous people born in India. V. Vaidyanathan celebrates birthday on January 2 of every year.