Karvy Fintech Pvt Ltd (KFPL) is a General Atlantic owned Company, managed by a professional and Independent Board, which is chaired by Mr. M V Nair.
Mr. V Ganesh, Managing Director & CEO of KFPL said that there is absolutely no impact on its Services and Offering as the Largest Registrar and Transfer Agent in India.
KFPL is a General Atlantic owned company, which is a renowned growth equity firm headquartered in US. Except for sharing the name, KFPL is neither an associate nor a Group company of Karvy Group, with a completely dedicated team, Infrastructure and Technology. Virtually, like any other Listed Company, KFPL is a Board run professionally managed Company.
Here is an exclusive interview with Mr. V. Ganesh, for the benefit of Distributors and other stakeholders.
How does the SEBI order on Karvy Stock Broking impact KFPL?
There is no impact, what so ever, either direct or collateral. Its business as usual at KFPL.
Are you a Karvy Group Company?
We are majority owned (83.25%) by General Atlantic, a renowned US based growth equity firm. We are not an Associate or Group company of Karvy.
Are there common directors between Karvy Group and KFPL?
There are no common Directors with KFPL & Karvy Group.
Does your operations depend on Karvy group, either directly or indirectly?
KFPL has a totally exclusive and dedicated team of over 5,000 people to run its operations with a dedicated Infrastructure & Technology backbone to serve its clientele. KFPL Operations & Delivery has no linkage to the Karvy Group.
Is the investor’s money safe at KFPL?
KFPL does not have any access to the investor monies in any manner. Our nature of business does not allow acceptance of funds either directly or indirectly. All the investments are received either in the scheme accounts of the Mutual Funds directly or through the Exchanges & the likes. Similarly, all pay-outs & settlements are directly from the Mutual Fund Scheme account or through the exchanges and the likes to the investor accounts
Is the investors’ data safe at KFPL?
Its safe, beyond any doubts. KFPL has elaborate policies, procedures and practices in line with the requirements of SEBI regulations on technology in managing security and privacy of information or data. Our operations are subject to several Inspections and Audits viz. SEBI Inspection, Annual Internal Audit, ISO 27001 systems audit, Cyber Security and Cyber Resilience Audit, CMMi level III audit, client initiated audits, largely by Big Four firms, besides exclusive internal risk & surveillance practices
KFPL is fully compliant with the QRTA of SEBI (Qualified Registrars and Transfer Agents) guidelines as well
In various service offerings to its clients, within itself KFPL has created enough layers, strong processes and stringent audits to ensure ‘Zero’ possibility of any data compromise.
Are you contemplating a name change to reflect your independent identity?
Yes. Our rebranding activities are underway and we will be communicating the same shortly.
