Northern Arc Capital appoints Ms. Neha Mudaliar as Head of Climate & Renewable Financing

Bengaluru, 07th February, 2024: Northern Arc Capital Limited is a registered NBFC, and a diversified financial services platform set up primarily with the mission of catering to the diverse retail credit requirements of the under-served households and businesses in India. The company has been focusing on addressing climate change issues through financing, and as a conscious decision, it has aimed to actively participate in this transformative sector. In line with this commitment, Northern Arc proudly welcomes Ms Neha Mudaliar as the newly appointed Head of Climate & Renewable Financing. This pivotal role underscores the company’s dedication to advancing environmental sustainability and serves as a testament to Northern Arc’s core values and earnest desire to impact environmental goals on a global scale positively.

By venturing into sustainable finance, it reflects the organization’s commitment to being a responsible corporate citizen. Ms. Mudaliar’s appointment aligns with Northern Arc’s initiatives aimed at combating climate change.

Ms. Mudaliar brings a wealth of experience to Northern Arc, with a diverse background spanning auditing, consulting, investment banking, investing, and policy advisory. She has held significant roles at renowned institutions such as the International Finance Corporation (IFC), Unitus Capital, and Ernst & Young. As the former Country Head of India’s Global Green Growth Institute, Ms Mudaliar has successfully led numerous green projects in collaboration with the Indian government. Her experience at IFC included leading critical investments in the financial sector. Simultaneously, at Unitus Capital, she initiated sustainability practices and facilitated fundraisings in financial inclusion and climate sectors.

Ashish Mehrotra, MD & CEO, Northern Arc Capital commented, “We are delighted to welcome Ms. Mudaliar to the Northern Arc family. Her impressive track record and deep expertise in climate and renewable financing perfectly align with our mission to expand our impact in this vital sector. With her leadership, I am confident she will harness Northern Arc’s diverse expertise in impact finance and deep-rooted sector knowledge to establish us as the market leader in the climate and renewable financing sector.”

Speaking on her appointment, Ms. Neha Mudaliar said, “I am honoured to join Northern Arc and lead the Climate & Renewable Financing sector. This role presents an exciting opportunity to impact a field.

that I am deeply passionate about. I look forward to collaborating with the talented team at Northern Arc and leveraging our combined strengths to drive meaningful change in the climate and renewable financing landscape. Together, we will strive to position Northern Arc at the forefront of this crucial sector, contributing positively to our community and the environment.”

A qualified Chartered Accountant and MBA from the Indian School of Business, Hyderabad, with an exchange program at Wharton Business School, Mudaliar has a long-standing commitment to social and environmental causes. She has served as the President of the Rotaract Club of Nagpur South, led CSR initiatives at Ernst & Young in Pune, and worked as a Fellow at the Bharati Institute of Public Policy, where she co-authored a study on India’s climate technology landscape. Her contributions to social enterprises earned her the ‘Iconic Women in Social Enterprises’ award by the Women Economic Forum in 2016.

Ms. Mudaliar’s appointment will strengthen Northern Arc’s position in sustainable finance and emphasizing the company’s commitment to integrating environmental considerations into its core business operations. The company looks forward to leveraging her visionary leadership to drive innovation, foster partnerships, and set new benchmarks in the sustainable finance domain.