Deal Street

January 24, 2019

IDFC Bank GC Santosh Parab joins Altico Capital


Santosh B. Parab, General Counsel and Head Legal, IDFC Bank Limited, has recently joined Altico Capital India Limited, a real estate-focused non-banking financial company, as its General Counsel.

Santosh is a Post Graduate in law. His distinguished legal career includes over 22 years of rich and varied experience in structuring of legal transactions coupled with handling complex and contentious issues in the banking and finance sector, with specialization in Infrastructure Financing, Capital Markets & Treasury, M&As, Private Equity, and Dispute Resolution.

Santosh has worked with IDBI for 5 years before joining IDFC. During his tenure at IDFC Bank as General Counsel & Head Legal, he has been involved in dealing with legal and other issues arising out of documentation relating to financing of various infrastructure project financed by IDFC. In addition to project financing, he has also worked on documents for bidding of projects, setting up third-party funds, investment, and acquisition documents.

Altico Capital is primarily engaged in granting advances and loans to real estate developers in India. Based out of Mumbai, the Company is registered with the Reserve Bank of India as a systemically important non-deposit-accepting non-banking financial company (“NBFC”). Altico Capital focuses on senior secured lending to mid-income residential and commercial real estate projects across Tier-1 cities in India, which includes Mumbai, National Capital Region (NCR), Chennai, Bengaluru, Pune, and Hyderabad. The Company also focuses on providing structured finance solutions to the Infrastructure and other adjacent sectors.

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