Management Profiles

Management Profiles

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, Managing Director & CEO

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, President

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 and May 2014. 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