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SMFG India Credit elevates Swaminathan Subramanian as Chief Operating Officer

In Business
July 05, 2023

SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) has announced the appointment of Swaminathan Subramanian (Swami) as Chief Operating Officer (COO). Swami was previously the company’s Chief People Officer (CPO), and in his new elevated role he will now manage Operations, Technology, Legal, Enterprise Services, Human Resources, and CSR. Swami brings a wealth of experience and proven leadership skills to his new position, having played a vital role in the company’s transformation agenda.

Driven by a strong business acumen and demonstrated versatility of operating in complex business environments, Swami has consistently delivered results and helped take strategic decisions with strong business impact.

Expressing his delight, Shantanu Mitra, CEO & MD, SMFG India Credit, said, “I am happy to witness Swami’s growth and his expanded role and responsibilities with us. In his enhanced role, he will lead our digital transformation, corporate legal initiatives, operational efficiency, and focus on building a strong infrastructure, as well as, prioritizing our people and community. This appointment reflects our commitment to developing and nurturing talented leaders who possess proven credentials and exhibit strong learning agility. We extend our best wishes to Swami for the journey ahead.”

Speaking on the occasion Chairman of SMFG India Credit, Noboyuki Kawabata, said “I extend my heartfelt congratulations on Swami’s well-deserved promotion to the position of Chief Operating Officer. His exceptional understanding of the business, as well as dedication and hard work, have certainly made a significant impact to our India franchise and is reflected in his personal growth. As he transitions from his current role as CPO to COO, I am confident that his deep insights and strategic thinking will continue to further drive SMFG India Credit forward”.

Swami has held leadership roles across various geographies such as Africa, Asia and Middle East, apart from India, for over 25 years of his experience in MNC and Indian Business Houses. Before joining the SMFG India Credit family again in May 2021, he was with Sterlite Power, heading the HR function as Group Chief Human Resources Officer (CHRO) for India and Brazil. He has worked with leading companies across the globe during his career, such as Reliance Capital, JP Morgan, Barclays, Standard Chartered Bank, and Accenture.

Swami holds a gold medal in Engineering from Jadavpur University and an MBA from XLRI Jamshedpur.