Fullerton India Credit Company Limited is looking for acquisition opportunities. Fullerton is planning to acquire portfolios that fit into their strategies and built around mortgage. Fullerton’s Managing Director and Chief Executive Officer, Shantanu Miktra said, “We are looking to build a slightly longer borrowing plan.” “These infusions and placements form part of this plan, and now provide us with funding for the foreseeable future," said Fullerton’ Chief Operating Officer, Anand Natarajan.

Fullerton India Credit Company Limited has inducted three senior management executives to strengthen its leadership team to manage the next level of growth in operations and its foray into new segments. Fullerton's management team will now be joined by Anand Natarajan, HarjeetToor and Anindo Mukherjee. All the three bring with them a vast understanding and experience in the financial sector which will help the company strengthen its marketing, risk and operations capability. Anand Natarajan joins as Chief Operating Officer and would be responsible for finance, treasury, company secretary, internal control unit and operations. Anand joins Fullerton India after a stint of over 25 years with Standard Chartered Bank where he handled various responsibilities, including heading global market operations for India, securities services for South Asia, operations for the Consumer Bank in India and Shared Services Centre. HarjeetToor joins Fullerton India as Executive Vice President and Head - Retail and Commercial Businesses. Harjeet comes with experience in consumer banking with RBS, ABN AMRO Bank, HSBC and Bank of America. Anindo Mukherjee takes over as Chief Risk Officer & Head of Legal & Compliance. Prior to joining Fullerton India, Anindo, a Chartered Accountant and a Cost Accountant, was the Regional Credit Officer - India & South Asia for Consumer Banking at Standard Chartered Bank. He was also on the Board of CIBIL & on the Board of Standard Chartered Finance Ltd.

Fullerton Financial Holdings Pte. Ltd. (FFH) intends to sell its stake in Fullerton India Credit Company Limited (FICC). "The NBFC is approaching various financial services companies with a proposal to buy it out. At a price to book value of 1, a deal may materialize between INR 7 billion and INR 8 billion," a source close to the development told The Indian Express. FICC denied commenting to Indian Express on being contacted. "We confirm that Fullerton India is not considering any plans to sell any stake in the company to any party," said Ravi Shankar, Executive Vice President, marketing and rural business, FICC. However, according to the sources the company is seeking buyers. "The deal is being advised by Macquarie Capital and the company is offering 100% stake in the Indian franchise," the source added.