# Standard Capital Markets Appoints Gaurav Jindal CEO and Krishnan Managing Director, Withdraws ₹1,200 Crore Solar Investment

> Standard Capital Markets named Gaurav Jindal CEO and Krishnan managing director from October 29, 2026.

- Published: 2026-10-28T09:03:31+00:00
- Section: Leadership
- Author: News Desk
- URL: https://newsforagent.com/news/2026-10-28/standard-capital-markets-jindal-ceo-solar-withdrawal
- Source: [ScanX](https://scanx.trade/stock-market-news/companies/standard-capital-markets-appoints-jindal-ceo-withdraws-1-200-crore/54722395)

## Key takeaways

- Gaurav Jindal, previously an advisor to the board, becomes chief executive officer effective October 29, 2026, subject to member approval.
- Krishnan moves from director to managing director for a five-year term ending October 28, 2031.
- The board cancelled a ₹1,200 crore subscription to 881,380 compulsorily convertible preference shares of Sunbridge Solar Power at ₹13,615 each.
- Vineeta Gautam becomes chief compliance officer and Ayushi Khanna succeeds her as company secretary.

[Standard Capital Markets](https://akta.pro/company-profiles/0006dy7/standard-capital-markets) has appointed Gaurav Jindal as chief executive officer and Krishnan as managing director, effective October 29, 2026, and withdrawn a ₹1,200 crore investment in Sunbridge Solar Power, [ScanX](https://scanx.trade/stock-market-news/companies/standard-capital-markets-appoints-jindal-ceo-withdraws-1-200-crore/54722395) reported. Jindal was previously an advisor to the board.

## Jindal's Move From Board Advisor To CEO

Jindal steps into the CEO role after resigning as advisor to the board. His appointment is subject to member approval and regulatory requirements, according to ScanX.

Krishnan, currently a director, has been elevated to managing director for a five-year term ending October 28, 2031. The report said he is not related to any other director or key managerial personnel.

Vineeta Gautam resigned as company secretary to take the role of chief compliance officer, a transition the report ties to Reserve Bank of India directives requiring NBFCs to maintain regulatory compliance frameworks. Ayushi Khanna, an associate member of the Institute of Company Secretaries of India, was appointed company secretary effective October 29, 2026.

## Why The Board Cancelled The Sunbridge Solar Shares

The board cancelled the subscription to 881,380 compulsorily convertible preference shares of Sunbridge Solar Power Private Limited, proposed at an issue price of ₹13,615 per share. ScanX reported that the decision followed a need to assess the impact on aggregate credit and investment exposure.

As a middle layer non-banking financial company, Standard Capital Markets must follow RBI guidelines on concentration of credit and investment exposures. The report cited concentration risk as the reason for withdrawing the ₹1,200 crore proposal.

## Standard Capital Markets' Earlier Capital Moves

According to akta.pro [company records](https://akta.pro/company-data), Standard Capital Markets incorporated Standard ARC Limited as a wholly owned asset reconstruction company subsidiary in September 2025. In February 2026 the company began redeeming outstanding non-convertible debentures after declining a subscriber proposal to raise the interest rate from 10% to 13%.

The same records list a February 2025 post-IPO debt round of $3.1 million.

## Krishnan's Failed Managing Director Vote

At the 39th annual general meeting, the resolution appointing Krishnan as managing director failed because a technical glitch in the electronic voting facility prevented shareholders from casting votes, ScanX reported. The board said it would place the proposal before shareholders again at the next general meeting.

Ram Gopal Jindal resigned as managing director on September 29, 2026, citing health reasons, and continued as executive director and board member from September 30, 2026, ScanX reported.

In July 2026 the board had approved the ₹1,200 crore investment in Sunbridge Solar Power, subscribing to 881,380 shares at ₹13,615 each, according to ScanX.

## Companies in this story

- [Standard Capital Markets company profile](https://akta.pro/company-profiles/0006dy7/standard-capital-markets) · website: https://www.stancap.co.in

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