about us

WheelsEMI is the brand name of NBFC, WheelsEMI Pvt. Ltd. (Erstwhile Varadnarayan Savings and Investment Co. Pvt. Ltd.). WheelsEMI is a specialist in financing pre-owned Two Wheelers. Using a proprietary underwriting tool, WheelsEMI is able to sanction loans to customers with bare minimum documentation.

* Conditions apply

management team

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Srinivas Kantheti

Co- Founder & Managing Director

Srinivas Kantheti, with over 30 years of overall experience out of which 15 years are in the two wheeler industry. Srini has headed the Auto Finance Business of Bajaj Auto, building successfully a portfolio of two and three wheeler loans. He was the President of the Motorcycle Business at Bajaj Auto, before starting his own consulting firm Inext Consulting LLP. Srini has acted as an Advisor to Promoters of Auto and Financial Services Businesses on Strategy and Process Improvements before co-founding WheelsEMI. As MD Srini is overall responsible for Strategy Formulation and overseeing the Execution. He is a keen reader and dabbles in photography.

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Karunakaran Vadakkepat

Co- Founder & Joint Managing Director

Karunakaran (Karuna) is a Sr. Executive with 34 years of Senior Management experience. He has domain expertise in retail and channel finance, consumer durables and automobiles with reputed companies like Usha International Ltd, Transamerica, ICICI bank, Bajaj auto ltd, and Bajaj Finance Ltd. Karuna is an expert in start-ups and turn around, having been involved in leadership roles in setting up Transamerica and in the turnaround of BAFL.In retail finance he has handled P&L responsibility and headed various functions like sales, inventory funding, collections, risk, credit, legal and operations.Karuna is a very passionate sportsman, EPL being his favourite.

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Ratheesh K. Bharathan

Co-Founder & Executive Vice President (Credit, Collections & Operations)

Ratheesh has over 20 years of experience in Retail Finance, his core competence being backend operations. He has handled large volume Operations, Credit, Collections Banking and Customer Service and is an expert in leveraging technology for operational efficiencies. He has worked across geographies handling various functions with Bajaj Finance and Transamerica.Passionate for continuous learning and enhancing knowledge spectrum in Financial Services, Ratheesh is a fitness freak.

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Koustubh Shaha


Koustubh is a highly accomplished, result driven senior corporate finance professional with more than 15 years of progressive experience in fund raising, treasury management, investor relations, regulatory compliances, risk assurance, strategy, planning, accounting and taxation matters.
A Chartered Accountant, and a Chartered Financial Analyst, Koustubh comes with a very valuable and rich experience of incubating and nurturing a start-up NBFC in the Student Education Loan segment, Avanse Financial Services Limited. As a founding member at Avanse, and in his role as a CFO, Koustubh was instrumental in scaling up the company from scratch to ~ Rs.1,000 crores loan book in just 4 years of operations. Prior to Avanse he has worked with prominent financial services organisations like Kotak Securities Ltd, and Motilal Oswal Financial Services Ltd


Elevar Equity, a human centered venture capital firm, invests in transformative and scalable entrepreneurial ventures focused on under-served customers in low-income communities. The Elevar Method of investing has democratized essential services for over 20 million under-served customers and catalyzed billions of dollars of capital into 25+ companies in India and Latin America. Elevar is the founding or first institutional capital in several companies focused on financial services, agriculture, education, healthcare and housing such as Ujjivan (urban micro-finance), Vistaar (small business lender) and Glocal (primary and secondary healthcare for rural population). An entrepreneurial emerging markets team based in India, Colombia and the US, Elevar is widely recognized as a leader in impact investing.