Sep 2017 – Dec 2025 · 8 yrs 3 mos · Mumbai, Maharashtra, India · On-site

• ▪ Moved to a dedicated Microfinance Business Head role in 2017; was driving this since 2005 alongside Agri Corporates
• ▪ Instrumental in closing and executing Kotak’s acquisitions of two MFIs in 2017 & 2024 operating in different geographies
• ▪ Building scale through a granular & well diversified loan book delivering superior risk adjusted returns
• ▪ Currently executing a transformation to a data driven, digital & tech enabled model pivoting on customer centricity helping the Business effectively navigate the current environment of heightened risks
• ▪ Have put in a framework to strike the right proper balance between the degree of parental control & executive independence of the two Microfinance subsidiaries
• ▪ Strong focus on Corporate Governance and Regulatory Compliance.
• ▪ Have successfully navigated several macro risk events over the past 2 decades – the AP ordinance, the Demon crisis, the ILFS crisis, the Covid-19 crisis and the current crisis leading to increased credit costs
• ▪ Set up separate verticals within the Microfinance Business to serve the needs for affordable housing and mortgage backed loans to graduating clients
• ▪ Have a successful record of stakeholder management – Investor, Board of Directors of Kotak Bank
• ▪ Have operated successfully for over 18 years, navigating several high risk events, in a highly competitive and challenging environment demonstrating a high degree of situational adaptability
• ▪ Lending to MFIs: I also lead the Wholesale Lending Business in which Kotak lends to MFIs through a dedicated team
• ▪ Have worked closely with international agencies like US DFC, Asian Development Bank; Successfully closed a USD 50M guarantee program with US DFC in 2021 and have signed up a larger guarantee program of USD 200M
• ▪ Have successfully handled RBI audits that have increased in rigour over the past years
• ▪ Have been part of the leading Microfinance Industry body (MFIN) industry level workgroups

Oct 2005 – Sep 2017 · 11 yrs 11 mos · Mumbai, Maharashtra, India · On-site

• ▪ Responsible for the P&L and driving growth in Agri Corporates business & the Microfinance business (Wholesale & Retail)
• ▪ Started the Microfinance business in ‘07 alongside building the Agri Corporate business since ’05; while building the Agri Corporate business primarily through supply chains spotted opportunities in MFIs & rural focused NBFCs
• ▪ Initially focussed on MFIs for priority sector lending compliant assets through on-lending; started business correspondent partnerships with select MFIs
• ▪ Had ensured a high quality book with negligible Non Performing Loans; with an over 30% CAGR in GLP growth
• ▪ Initiated large lending & liability relationships with marquee names in Food & Agri sectors

Aug 2002 – Oct 2005 · 3 yrs 2 mos · Vapi, Gujarat, India · On-site

• ▪ Initiated schematic lending to MSMEs, traders for capex and working capital requirements
• ▪ Handled schematic products for traders covering a wide range of traders in paper, chemical & textile space. Also broadened it to retailers in organised retail
• ▪ Started retail lending – personal loans, home loans – to corporate employees with salary account relationships of large corporates in the Vapi, Daman & Silvassa belt

Sep 1999 – Aug 2002 · 2 yrs 11 mos · Diu, Daman and Diu, India · On-site

• ▪ Joined as a Probationary Officer in the State Bank of India group (State Bank of Saurashtra, merged in SBI)
• ▪ Had extensive training during the 2 year probation period across various functions across India
• ▪ Post confirmation was Asst Manager – Advances – catering to Priority Sector loans & Govt sponsored lending schemes

Jul 1996 – Sep 1999 · 3 yrs 2 mos · Jamshedpur, Jharkhand, India · On-site

• Assisted in production & quality control procedures for various aspects of Blast Furnace operations.
• Conducted troubleshooting & breakdown analysis to increase machinery uptime for pulverised coal injection operations.