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  • Overview
  • Vision & Mission
  • Milestones
  • Board Of Directors
  • Leadership Team

EFL Journey Through The Years

Electronica Finance Ltd, incorporated in 1990, is a part of the SRP Electronica Group and a pioneer in the field of Machine Finance. After an eventful journey of close to 3 decades, EFL today has more than 100 offices across the country, has served more than 15000 customers and has an AUM in excess of Rs.1500 crores.

A Journey of Passion and Progress

The origin of the SRP Electronica Group was that of a manufacturing company started by a group of first-generation technocrats. With the experience of starting a new business also came the realization about the challenges, especially financial, that a typical SME business has to face. As a result, the group’s understanding of machines, as well as manufacturing experience, was leveraged to start financing of machine purchases, which at that time was a pioneering effort. This understanding was also used to start other innovative services like doorstep finance and assessment-based financing. Very soon, EFL started financing machines of other manufacturers in the machine tool as well as other industries. EFL’s ground-breaking products, services and last mile connectivity were also recognized by SIDBI, which resulted in a partnership which is now more than 15 years old.

Keeping in mind the overall philosophy of customer centricity and assessment-based financing, products such as loans for purchase of industrial properties, bill discounting and working capital loans were introduced and they have contributed to EFL’s success. EFL today continues to be shaped by its experiences and philosophy of customer centricity, innovation and transparency. This is also the genesis of new business verticals like micro enterprise financing, which aims at providing much-needed funds to businesses across the trading and service industry.

With its vision of “Creating success stories for businesses”, EFL is perfectly poised to successfully continue on this journey of passion and progress.

Why Choose EFL

3 Decades Of Business Financing Expertise | Efl
Around 3 decades of expertise in financing
Business Financing In India | Efl
10000+ Business Served
Branches Of Msme Loan Provider| Efl
100+ Branches across India
Business Financial Solution | Efl
Wide range of financial solutions
Advisory Approach To Business Financing | Efl
Advisory approach to financing
Door Step Financing For Msme | Efl
Door Step Service and Simple Processes
Vision Icon


  • Creating success stories for businesses.
Mission Icon


  • We are committed to achieve ‘Business Excellence' by becoming a 'Bench Mark' through 'Best in Class' services.
  • To be a Globally Trusted Financial Partner for MSMEs, with a DNA of 'Customer First'.


Milestones 2021

Board Of Directors

Ms Shilpa Pophale: Managing Director | Efl
Shilpa Pophale
Managing Director

Ms. Shilpa Pophale has been associated with Electronica Finance Limited (EFL) for over eighteen years and has worked in multiple roles before becoming the Chief Executive Officer of the Company in 2003 & taking over as the Managing Director of the company in 2007. Under her leadership, the Company’s AUM has grown from INR 750 million to ~ INR 12500 million in FY 2019(estimated). With her strong focus on customer centricity, EFL increased its product offerings from financing only machinery to providing working capital and property finance as well. EFL under her stewardship is also poised to take a leap into hitherto uncharted markets of affordable housing, micro LAP and small business loans with continuing focus on the MSME segment.

Having participated as a speaker at various SME forums, Ms. Pophale also holds the title of ‘Woman Entrepreneur of the Year’ as conferred upon her by the World Women Leadership Congress (2014). Ms. Pophale is a Master of Science from Pune University and has completed the Programme for Leadership Development from ‘Harvard Business School’ & the Venture Capitalist Development Program from ‘Indian School of Business’.

Smita Sandhane
Smita Sandhane
Independent Director

A well-presented, industrious individual with 35 years of in-depth experience within the banking industry. Proven track record of effective leadership to successfully steer the organization in achieving its goals and objectives. Talent for proactively identifying and resolving problems, controlling costs and strategic financial planning contributing to revenue growth and profitability. Regarded for negotiation skills with external as well internal relations and reputation for honesty, integrity and high ethical standards.

Mr Mohan Tanksale: Independent Director | Efl
Mohan Tanksale
Independent Director

Mr. Mohan Tanksale serves as an Independent Director at EFL and one of the most senior and respected bankers in India, having served as the Chairman & Managing Director of Central Bank of India and the CEO of the Indian Banks Association (IBA). He is a Fellow member of Management Accountants of India (FCMA) and Indian Institute of Banking and Finance (CAIIB) and has spent over 4 decades in the Indian banking industry, during which he led three major Indian Public Sector banks. Mr. Tanksale has been conferred with several prestigious awards and recognitions and served on important committees of the Reserve Bank of India (RBI) and the Government of India.

Besides serving on various Company Boards, Mr. Tanksale is also an Advisor to SWIFT India (SWIFT India Domestic Services Private Limited, a majority owned subsidiary of Society of Worldwide Interbank Financial Telecommunication, Belgium) which supports high quality financial messaging services globally.

Mr Sujit Natekar: Additional Director | Efl
Sujit Natekar
Additional Director (Non-Executive)

Mr. Sujit Natekar – An Alumnus from MIT College Pune University. He holds the bachelor degree in Civil Engineering. After completing his engineering in his initial years of career, he was working in a family business of manufacturing Non-ferrous centrifugal castings. Later in the year 1999, he joined Electronica Group. He has been working in various group companies of Electronica in various capacities such as CEO of Plastic Machinery business, Director of EDM and Carbide business and Sheet Metal Business and he has been working with Electronica group for more than 17 years.

He has taken over as Managing Director of Electronica Hitech Machine Tools Pvt Ltd w.e.f. 1st April, 2010. He has extensively travelled across the world and has vast experience in manufacturing, Supply chain Management, Finance, operations & sales Management. Under his leadership Electronica HiTech has introduced many new Principals for the business of marketing, sales and after sales services for CNC Machines in Metal cutting and Metal forming machines and recently has established state of the art manufacturing facility for manufacturing of CNC Wire cut EDM and ZNC EDM machines.

Mr Ameya Bijoor: Nominee Director | Efl
Ameya Bijoor
Nominee Director

Ameya Bijoor is a Partner with Encourage Capital. Ameya leads the clean energy finance and financial inclusion team with Cesare Calari. Since joining Wolfensohn Fund Management in 2008, Ameya has been actively involved in the Fund’s investments in Development Credit Bank, National Stock Exchange of India, Repco Home Finance, Ujjivan Financial Services and Fabindia. Prior to joining WFM, Ameya had over 7 years’ experience working in private equity, corporate finance and development. He was a Manager in Standard & Poor’s Transaction Advisory Services practice, where he led financial due diligence investigations for private equity and strategic clients. Ameya began his career at Arthur Andersen. His experience at Standard & Poor’s and Arthur Andersen included approximately 50 transactions across a range of industries with an aggregate value of approximately US$10 billion.  He also served as the Head of Operations for the Clinton Foundation HIV/AIDS Initiative in India where he helped to launch the local office by developing strategic objectives, negotiating partnership agreements and recruiting staff to support the Government of India. Ameya has a CPA (inactive) and received a B.B.A. in Accountancy, magna cum laude, from the University of Notre Dame and an M.B.A. from Harvard Business School.

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Leadership Team

Mr Suhar Gore: Head Credit | Efl
Suhas Gore
Head - Credit
Suhas has 25 Years of experience in MSME lending having started his career as a management trainee with EFL. He has spent around 18 years in Sales and Product after which he is heading the Credit & Risk function for the last 7 years.
Mr Ashutosh Puntambekar: Product Head | Efl
Ashutosh Puntambekar
Product Head – SBF, Rooftop Solar Finance & Marketing
Ashutosh has more than 18 years of experience in commercial banking and SME finance. He heads the branding and marketing for the company and is also the product head for the secured business finance and rooftop solar finance business.
Mr Amit Gadre: Head Operations & Admit | Efl
Amit Gadre
Head - Operations & Admin
With a rich experience of over 27 years, Amit has contributed immensely to the growth of the company and today heads multiple departments including Operations, IT and Administration.
Ms Ashwin Shivram: Head Hr & Csr | Efl
Ashwini Shivram
Head - HR & CSR
Ashwini with more than 12 years of experience in BFSI, manufacturing, service, and IT companies heads the Human Resource department and all the CSR initiatives of the company.
Mr Marul Kapoor: Head Eef Sales & Machine Finance Product | Efl
Marul Kapoor
Head - EEF Sales & Machine Finance Product
Marul manages one of the key functions of the company as Head of Sales for Engineering Equipment Finance (EEF) and Product Head for Machine Financing. He has a strong sales and business development background having an experience of around 12 years.
Mr Chanderkant Jaishali: Head Sales For Cef | Efl
Chanderkant Jaishali
Head - Sales for capital equipment finance (cef)
Chanderkant manages one of the key functions of the company as Head of Sales for Capital Equipment Finance (CEF). 15+ years of experience in managing teams across geographies with large NBFCs for various asset finance products, Machinery Finance and Mortgage loan. He has a strong sales and business development background .
Mr Pankaj Bharate: Head Institutional Leanding And Eel | Efl
Pankaj Bharate
Head - Institutional lending and EEL
Pankaj is in charge of institutional lending, new business vertical of the company, Emerging Enterprise Loans. Prior to joining EFL, he had stints in business functions like B2B sales, Treasury and Corporate Strategy and Forex Management.
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