At the time when Mr. Vipul was associated with Mannapuram Group, he pursued his executive program from IIM Calcutta which was very value adding and enhancing to him – this was a significant milestone achievement in his life. As the CFO at Indian School Finance Company, an education loan focussed NBFC. Since, Education Sector was one of the worst affected sectors during the COVID 19 pandemic period, he was still able to reduce the overall debt proportion of the company and post Profit Before Taxes after consecutive losses of Six Quarter in Q3 FY2022, by taking measures like Extra liquidity was created through securitisation of portfolio/NPA sale etc, these helped in repayment of existing debt on time and reduced leverage also, Cost of borrowings was substantially reduced with SBLC backed funding, that supported in liquidity creation, which was of upmost priority for the Company during the period, Excellent cash management system initiated helped the Company generate additional liquidity and reduction of negative carry, At the policy level, changes were made in ECL as per IND AS to make it more futuristic, giving an opportunity to create extra provision through management overlay, Asset/Liability Management mismatches were reduced and positive turnouts were visible, Close monitoring of collections resulted in reduced GNPA and increased collection efficiency over a period.

Vipul, with his diverse background and extensive financial experience has supported and benefit the changing dynamics of the business derived from its exciting business plan at Indian School Finance Company.