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Our People

We have a strong leadership team with proven ability. Recruited for their expertise gained around the world, our team of executive leaders has diverse experiences, backgrounds and world views.

M R Rao

M R Rao

MR’s expertise lies in managing operations in a large business environment, formulating business strategies and identifying new markets. An alumni of BITS Pilani, he has over 25 years of experience in Profit Centre Management, setting up distribution in Insurance, Retail Banking and Consumer Finance. Prior to SKS, he was associated with ING Vysya Life Insurance, American Express, Standard Chartered Bank and Esanda Finanz & Leasing Limited. MR joined SKS in October 2006 and has been at the forefront, driving its rural distribution reach and scale-up. MR shouldered the responsibility of combating the AP MFI crisis and insulating the non-AP operations from the contagion risk. He held the executive management team together.

“SKS Microfinance 2.0 was the result of our painstaking focus on Customer Protection Practices including 3% cap on Return on Assets in the MFI business, revamping of Customer Grievance Redressal mechanism, appointment of Ombudsman and 100% reliance on Credit Bureaus in processing loan applications. SKS Microfinance 3.0 will create customer and stakeholder delight as it creates a win-win situation for all, as our pilot projects in areas like Mobile Loans have established.”

M.R. Rao

Dilli Raj

Dilli Raj

Dilli Raj has 23 years of experience in corporate finance, treasury, policy advocacy and corporate tax planning. He has consummated joint venture deals with global giants. He has done his Masters in Business Administration from the Central University of Pondicherry. He joined SKS in January 2008 and introduced mainstream financial products into microfinance. He has prepared SKS for its IPO by strengthening the financial system and by automating accounting and cash management processes. He played a lead role in managing SKS’ IPO in August 2010, which was oversubscribed 13.6 times. Dilli Raj had a strategic role in SKS' turnaround and managing the AP MFI crisis by focusing on cash flow management, cost structure optimization and gaining the confidence of credit grantors. He lead managed SKS’ QIP issue in July 2012. Dilli Raj has led the policy advocacy efforts which have resulted in a more conducive environment for the MFIs and largely mitigated the regulatory risk. He is a member of the financial inclusion committee of FICCI.

: “The company is passing on the cost advantages accruing from economies of scale, operational efficiency and reduction in the cost of borrowing. The improvement in our ratings on account of a full year profit of Rs 70 crore in FY14 and Rs 400 crore, we raised from institutional investors in May this year has helped bring down our fund cost in the first quarter. So we are passing on this to our customers.”

S. Dilli Raj

P H Ravikumar

P H Ravikumar

P.H. Ravikumar is a commercial banker with over 39 years of experience in the financial services sector. He was part of the core team which set up and built ICICI Bank Limited from inception. In banking, his experience spans the areas of retail, corporate and treasury banking in India and abroad. At ICICI Bank, his responsibilities included business strategy as also risk management and he helped this unit become an industry leader in a short span of time. As the Head of SME & Agri Business in the merged ICICI Bank, his role included building and growing the bank’s portfolio in these sectors both on liabilities as well as on assets side, apart from services to these sectors. In its first full year of functioning, the bank emerged as the second largest lender to the agri business sector in India, with disbursements of over INR 200 crores (USD 42 million). He was also the founder Managing Director and CEO of National Commodities & Derivatives Exchange Ltd. He and his team conceptualized and set up the Exchange.
Ravikumar is a Commerce graduate with professional qualifications as an associate of Indian Institute of Bankers and the Chartered Institute of Bankers London. He is also a Fellow of Securities Investments Institute, London.
He is on the boards of several other companies including Bharat Forge Ltd and Eveready Industries India Ltd.

 

Geoff Woolley

Geoff Woolley

Geoff has been active in private equity investing for over 25 years, founding two successful venture funds in the United States and Europe. He pioneered the concept of venture debt and has invested in over 400 companies in his career, including Ciena, Coinstar, Hotmail and Human Genome Science. He is a Founding Partner of Dominion Ventures, Inc. and European Venture Partners (now called Kreos Capital). In 1998, he assumed an advisory role at Dominion in order to pursue impact investing, non-profit and other business interests. Geoff Woolley, Co-founder and CEO, Unitus Impact, an early-stage impact investing firm with the mission of improving the livelihoods of low-income populations by supporting the growth of scalable, financially attractive livelihood ventures. Among many positions, Geoff holds Board seats at Micro Benefits China, Samhita Microfinance in Bhopal, and other social enterprises benefiting those at the base of the economic pyramid. He has been instrumental in the launch of companies such as Unitus Capital and Unitus Equity Fund. He is also the co-founder and current board chair of both the University Venture Fund, the largest and most successful student-led venture fund in the United States, and the University Impact Fund, which partners university students with top-tier impact investing firms, social enterprises, developmental finance institutions and philanthropic foundations for real-time impact investing projects and investments. Geoff holds a BS in business management from Brigham Young University and an MBA from the University of Utah.

 

M R Rao

M R Rao

M.R’s expertise lies in managing operations in a large business environment, formulating business strategies and identifying new markets. An alumni of BITS Pilani, he has over 25 years of experience in Profit Centre Management, setting up distribution in Insurance, Retail Banking and Consumer Finance. Prior to SKS, he was associated with ING Vysya Life Insurance, American Express, Standard Chartered Bank and Esanda Finanz & Leasing Limited. MR joined SKS in October 2006 and has been at the forefront, driving its rural distribution reach and scale-up. MR shouldered the responsibility of combating the AP MFI crisis and insulating the non-AP operations from the contagion risk. He held the executive management team together.

“We are today the largest microfinance institution in India reaching millions of poor households. As we race towards being the largest in the world, we look at creating a sustainable model of for-profit microfinance that the world can emulate. We look forward to a time when more and more MFIs use our model in order to scale up and reach the millions in need of an opportunity to get themselves out of poverty.”

M.R. Rao

Krishnamurthy

Krishnamurthy

P. Krishnamurthy has 35 years of experience in banking and Central banking. Prior to joining the Board of the Company on July 25, 2012, Mr. Krishnamurthy retired as Chief General Manager from Reserve Bank of India. He is a postgraduate in science, MBA in international banking and finance from the University of Birmingham, UK. He is the Nominee Director of SIDBI on the Board of the Company.




Paresh Patel

Paresh Patel

Paresh Patel is the CEO of Sandstone Capital, an India-focused hedge fund. Sandstone is a value-oriented investment partnership focused on long-term opportunities in India, with a preference for deep value, special situations, midcaps and complex opportunities. Sandstone Capital has an office in Boston. Prior to Sandstone Capital LLC, Paresh Patel was the Managing Director of Sparta Group, the private investment office of Gururaj Deshpande, founder of Sycamore Networks. At Sparta, Paresh invested with Desh in early-stage ventures in the US and India - including A123 Systems, Indian Lotus, Relicore and Tejas Networks. Paresh is a graduate of Harvard Business School and Boston College.

“At SKS there is a unique opportunity to build one of India’s next great companies, such as Bharti, Infosys or L&T. SKS has the right pedigree of leadership, an enormous market where they possess a superior operating model, a desire to incorporate best practices in corporate governance and a passionate set of employees that are driven by the singular mission of enabling the poor, profitably. Our investment will give some of India’s poorest communities the opportunity to improve their lives while simultaneously providing investors returns that are uncorrelated to traditional finance businesses.”

Paresh Patel

Sumir Chadha

Sumir Chadha

Sumir Chadha is the Managing Director with WestBridge formerly Sequoia Capital. WestBridge formerly Sequoia Capital was formed by merging Sequoia Capital and WestBridge Capital Partners, India's leading venture capital fund, which Sumir co-founded in 2000. Sumir has been investing in the Indian venture capital industry for the past ten years in several industries including offshore services, consumer internet and financial services. Prior to co-founding WestBridge, Sumir was a member of the Principal Investment Area at Goldman Sachs & Co., where he led a number of successful software and services investments. Prior to that, Sumir worked at McKinsey & Co. in New York and New Delhi. Sumir received an MBA with Distinction from Harvard Business School and a BSE in Computer Science from Princeton University. Sumir is the co-founder and Chairman of the Global India Venture Capital Association (GIVCA) and also a Charter Member of The Indus Entrepreneurs (TiE).

“SKS is a fantastic organisation because it is transforming India by improving the lives of millions of poor people.  No other Indian institution is having such a powerful impact on poverty reduction in the country.  Sequoia Capital is very proud to be associated with such a wonderful institution.”

Sumir Chadha

Tarun Khanna

Tarun Khanna

Dr. Tarun Khanna, Jorge Paulo Lemann Professor at Harvard Business School, has been a member of the faculty since 1993, where he studies, and works with, multinational and indigenous companies and investors in emerging markets worldwide. He has headed several MBA and executive education programmes at Harvard, focused on strategy, leadership and governance, and currently teaches in Harvard’s comprehensive general management executive education programmes. Additionally, he serves as Faculty Chair of Harvard Business School’s efforts in India. Outside Harvard, he serves on the boards of a number of publicly traded and privately held companies, volunteers time with nonprofits in the US and India, and mentors entrepreneurs in Asia. He earned a Bachelors of Science in Engineering degree from Princeton University in 1988, Summa Cum Laude, Phi Beta Kappa, and a Ph.D. in Business Economics from Harvard University in 1993. His best-selling book, Billions of Entrepreneurs: How China and India Are Reshaping Their Futures and Yours South Asia : Harvard Business Press; Penguin Press.was published in 2008 and has been translated into numerous languages. In 2007, he was nominated to be a Young Global Leader (under 40) by the World Economic Forum. In 2009, he was elected a Fellow of the Academy of International Business.

“I am very proud of my association with SKS Microfinance which is doing good work in often difficult circumstances and making an extraordinary difference to millions of lives. My own professional activities take me to developing countries in all continents, thus I can offer the global view that good organisations are built, as is SKS, through a credible commitment to values and relentless focus on innovating and realising efficiencies. SKS is right amongst the top few in a list of great organisations. Its effect is already being felt worldwide.”

Dr. Tarun Khanna

S Balachandran

S. Balachandran has 35 years of experience in the Government and Corporate Sector including an overseas assignment. Among the key positions held by him in the past are: Additional Member (Budget), Ministry of Railways; Managing Director, Indian Railway Finance Corporation; Joint Director in the office of the Comptroller and Auditor General of India. He is presently on the Boards of Dredging Corporation of India, PTC India Limited, PTC Energy Limited, ONGC Petro Additions Limited and United Stock Exchange Limited (SEBI nominee).

Interview with M.R. Rao