Mumbai, April 30th, 2026: Indel Money, a leading gold-loan non-banking financial company (NBFC), today announced the appointment of Vinod Panicker as its Chief Financial Officer (CFO). In this new role, he will lead the company’s overall financial strategy, capital management, and governance framework, while supporting its next phase of growth and expansion. His appointment is effective April 29, 2026.
A seasoned Chartered Accountant with over 38 years of cross-sector experience, Mr Panicker brings with him deep knowledge and expertise in financial matters related to NBFCs, media & entertainment, and FMCG.
During his almost four-decade long career, Mr Panicker has led critical financial operations such as large-scale fund-raising, business restructuring, financial strategy, audit, internal controls, and strengthening of governance and compliance frameworks. He has profound experience in working closely with boards, investors, lenders, rating agencies, and regulators, fostering strong stakeholder relationships and driving long-term value creation.
Commenting on the appointment, Mr Umesh Mohanan, Executive Director & CEO of Indel Money, said: “We are delighted to welcome Mr Vinod Panicker as our Chief Financial Officer. His diverse, cross-sector experience, particularly his leadership roles at NBFCs, offers us valuable perspective as we constantly endeavour to expand our operations and horizons. His strong financial acumen and deep understanding of capital markets, fund-raising strategies and risk management will further strengthen our ability to scale up responsibly and sustainably.”
Mr. Vinod Panicker, CFO, said: “It’s a privilege to join Indel Money as CFO, as the NBFC is a leading player in the gold loan segment. I am equally delighted to work closely with a board that has vision, foresight and vibrant strategies to expand further into newer markets and territories.”
About Indel Money
Indel Money is a non-deposit-taking NBFC specialising in gold loans, offering secured loans against pledged gold jewellery. The company also provides loans against property, business loans, and personal loans. The company has annual disbursements exceeding ₹15,000 crore and a loan portfolio of over ₹4,100 crore, with gold loans accounting for approximately 94% of the portfolio.
Under the leadership of Umesh Mohanan, Indel Money is on a strong growth trajectory and aims to expand to 500 branches across 16 states by the end of FY 2026–27.
Indel Money is part of Indel Corporation, founded by the late Palliyil Janardhanan Nair. The Group has diversified interests across financial services, automotive, hospitality, and infrastructure sectors.
