SKS CEO and Founder, Vikram Akula, recognized by Time Magazine as one of today's 100 most influential people 

October 24, 2006
SKS Microfinance Welcomes New Chief Operating Officer, Mr. MR Rao

Hyderabad, INDIA - SKS Microfinance welcomed financial services veteran, MR Rao, as its new Chief Operating Officer today. MR brings more than 17 years of experience in the financial services sector.

SKS Founder and CEO, Vikram Akula, remarked, �we are excited to bring MR on as the new Chief Operating Officer of SKS. He not only brings a wealth of experience to the job, but also arrives in the midst of our rapid expansion. MR will fill a critical role that will enable SKS to successfully meet its ambitious growth goals.�

MR has had extensive exposure to retail lending operations at companies including American Express, Infocom Network Ltd., Standard Chartered Bank, Esanda Finanz & Leasing Ltd., Instyle Consumer Leasing, and DCL Finance Ltd. Prior to joining SKS, MR worked at ING Vysya Life Insurance, where he headed the Alternate Channels division.

Regarding his new role, MR noted, "I am personally excited to join SKS Microfinance as COO. Vikram has shared the company�s growth plans with me, and I am very excited to contribute to this effort. I look forward to working with the team and adding value to SKS."


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