IndoStar Capital Finance Elevates CTO to Chief AI Officer, Appoints New CTO

IndoStar Capital Finance has announced changes in its technology leadership. The company’s CTO Amit Kothari has been redesignated as Chief AI Officer and Shivam Choudhary has taken over as the Chief Technology Officer (CTO), informed the company in a regulatory filing.

“We wish to inform Amit Kothari, Chief Technology Officer has been re-designated as Chief AI Officer and (b) Mr. Shivam Choudhary, has been appointed as the Chief Technology Officer (CTO) of the Company (Senior Management Personnel) with effect from January 20, 2026,” said the filing.

FE CIO tried to connect with Amit Kothari, but he declined to comment citing pending company approvals. The erstwhile CTO has over 28 years of experience, including more than seven years as a CTO with digital lending NBFCs focusing on secured and unsecured loans. He is responsible for driving the company’s overall Digital Transformation to build operational resilience across Business Applications, IT Infrastructure, IT Risk/Governance, and Cyber Security.

An evangelist for innovation, Kothari’s expertise encompasses, Digital Transformation, Data Security, Digital Product Development, and leveraging complex ecosystems that include SaaS/Cloud, Artificial Intelligence, and Machine Learning solutions.

The newly appointed CTO Shivam Choudhary is a seasoned Technology Leader with 19 years of experience in Information Technology. He has a specialisation in Digital Transformation, Fintech Innovation, and IT Strategy across diverse industries; Choudhary  has been instrumental in driving large-scale technology initiatives, successfully implementing digital transformation on strategies and enterprise technology solutions to optimise operations, enhance customer experience and drive sustainable growth. He has strategically managed multi-million-dollar IT budgets, ensuring cost optimization while maximizing returns on technology investments.