These comments come after former part-time Chairman Atanu Chakraborty suddenly resigned in a letter dated March 17
Mistry is hopeful of a reduction in personal income tax slabs in 2026, and is optimistic about the housing sector. He believes that a little more confidence in the hands of consumers may go a long way in further sprucing demand.
The company has applied to Sebi for an asset management license and in the process of putting together a top management team.
With more than four decades of experience in banking and financial services, Mistry is expected to provide crucial expertise to strengthen Kedaara’s financial services team, according to a statement from Kedaara Capital.
Earlier, the board of the insurer appointed Mistry as the chairman as Deepak Parekh stepped down from the post.
Cyrus Poonawalla founded the Serum Institute of India in 1966. Now led by Adar Poonawalla, it is India's top biotech firm and the world's largest vaccine manufacturer