Management Team

Amit Ranjan Biswal
Chief Executive Officer

Amit brings over 15 years of rich experience in financial inclusion. In his current assignment as the CEO at Swarna Pragati, Amit has taken the responsibility to lead the company’s strategic efforts and drive its expansion with a vision to be the best in the business of micro housing finance by catering to the needs of housing requirement of people at the base of the pyramid.

Amit comes with extensive experience of managing large teams and geographically diversified retail loan portfolio across the country. Prior to Swarna Pragati, he was associated with Spanadana Sphoorty Financial Services Ltd, as Sr. Vice president

  and  was leading the field operations with all Branches reporting into his Business vertical. In his 7 years of engagement with Spandana, he was instrumental in executing business turnaround of the company. Under his leadership, Spandana was able to re-engineer itself post the AP-MFI crisis by gradually moving to deep rural areas. Post CDR exit, it helped the company grow the portfolio quickly with a robust base. Under his leadership and his emphasis on processes and internal controls resulted in the organization demonstrating superior portfolio quality vis a vis peers and becoming industry benchmark post externalities like AP-Crisis, Demonetization etc.

He has been highly effective in managing challenges like new market opening, new business development, scaling and managing of business, new product development, business turnaround, cost rationalization and productivity enhancement. He engages with people at all levels effectively and can drive multi-functional teams inclusively to achieve optimum productivity.

Amit is a science graduate and has further perused an executive management program. 

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Sameer Siddiqui
Chief Financial Officer & Chief Operating Officer

Sameer brings over 13 years of experience in Housing, Inclusive Finance and IT, having spent the last 10 years working extensively in rural housing segment. He is the co-promoter and the first employee of the Company. He has been instrumental in building the company from scratch with his role spanning business idea formulation, business model planning, piloting & scaling. He has designed the products and the end to end process of the Company.

He has also lead the requirement analysis, design and development of in-house software consisting of end-to-end solutions for loan origination, underwriting,

collection and monitoring, accounting system and mobility solution. He has set up the Central Processing Centre (CPC) of the Company.

He has headed the equity and debt raise for the Company and successfully raised two rounds of equity and the required debt. He has also successfully handled multiple due diligence, audit and rating, brought down borrowing costs and set up complete accounts & finance function.

In his current role he is handling Accounts & Finance, Secretarial, Credit, Legal, IT and Operations.

He has completed his bachelor’s in engineering from Nagpur University, MBA from S P Jain Institute of Management and Research, Master’s and PhD in Economics from Nagpur University. His doctoral thesis focussed on evolving new approaches to inclusive rural housing. He has also attended the Strategic leadership program at Harvard Business School.   

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Prashant Kumar
Vice President – Zonal Business Manager

Prashant is a Rural Management graduate with 12 years of experience in Microfinance, Affordable Housing, Small Ticket Personal Loans, Two-wheeler, Commercial Vehicle, Sales and Marketing, business development, strategic business planning and implementation, dealer management and handling of stressed portfolio and crisis situation. He has proven track record of setting up and scaling of business and maintaining excellent quality of large portfolio in multiple geographies.

He began his career with Spandana as management trainee and started its MP operations. He was also Business Head for Arman Financial Services managing its

entire microfinance business. Prior to joining Swarna Pragati, Prashant was State Business Manager with Fullerton India. Where he was awarded the best State Business Manager award in 2016 and CEO Award in 2017.

In his current role he is managing business and collections of Madhya Pradesh, Maharashtra and Karnataka state.

He is a science graduate and post graduate diploma in rural management from FMS – Institute of Rural Management, Jaipur.  

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A Kannan
Vice President – Regional Business Manager

Kannan comes with sixteen years of experience in social impact business. He is an experienced professional in microfinance, Rural Housing Finance, Rural marketing and establishing business network. He has expertise in Business plan preparation, research proposal writing and Fund raising for the microenterprises and microfinance programmes. Trained hundreds of Panchayat leaders, Government officials and NGO staffs in the areas of leadership, enterprises promotion and village development programmes within the country as well as other developing countries. He worked for DHAN Foundation, Hand in Hand, CMF, Intellecash (Intellecap)

  and Spandana at different management capacities. In his current role he is heading business and collections for Tamil Nadu state.
He holds bachelorette in agriculture science from Tamil Nadu Agricultural University and MBA from IIPM with dual specialization of Finance and Marketing.
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Sudhansu Sekhar Nayak
Vice President – Regional Business Manager

Sudhansu brings 8 years of experience in rural lending. He started his career as Management Trainee with Spandana and grew through the ranks to the position of Zonal Manager, managing Orissa and Madhya Pradesh. Prior to joining Swarna Pragati, he was State Manager of L&T Financial Services. He has also worked as Regional Manager for MSM Microfinance for Madhya Pradesh and Gujarat. In his current role he is heading business and collections for Odisha state.He is a science graduate and holds a PGDM in Marketing and Human Resources from Asian School of Business Management.

Amit Bajaj
Vice President – Credit

He has 15+ years of experience in Credit with ICICI Bank, Axis Bank, Yes Bank and Magma Fincorp. He has done credit across multiple products including SME loans, Home Loans, LAP, Agri Based Home Loan and Strategic Construction Equipment.

He has good understanding and experience in Project Appraisal, Business and Financial Risk, Policy and Process Compliance, Credit Management, and MIS. In his roles at Axis Bank and Yes Bank he implemented process reengineering resulting cost reduction, synchronization of file flow from login to disbursements. He was also involved in regular trainings to subordinates credit along with legal and technical 

aspects of mortgage loans. Also, imparted trainings to the operations team on underwriting processes.He is a first Attempt Chartered Accountant with Diploma in Information Systems Audit and Diploma in International Financial Reporting Standards from ACCA, UK  
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Srinivas Bommireddipalli
Vice President – Internal Audit and Risk

Srinivas has more than two decades of experience in Financial Inclusion, having worked with diverse organizations across South Asia and Sub-Saharan Africa with expertise in Internal Audit, Risk Management, Due Diligence, Customer Engagement and has worked closely with government agencies, donor agencies, civil society organizations and community-based institutions ranging from start-ups to large listed organizations. His role has also been in the field of process standardization & system implementation bringing best practices into the organization that have led to optimization and effective controls.  In his last role he was Head of Internal Audit and

 Risk at Spandana. He has previously worked with SIDBI, Access Assist, Asmitha Microfin Ltd., CARE India and Karvy Consultants Ltd.He has done master’s in commerce from Osmania University and PG Diploma in Portfolio Management from Pondicherry University.  
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Sanku Lahiri
Vice President – Information Technology

Sanku is an IT professional with 18+ years of experience in design, development and maintenance of large scale financial products .

He was a part of the core team of CMC Ltd for its project with Airport Authority of India and the Indian Railways. At State Bank of India he was part of the Corporate Accounts Group. He was one of the key member of the team for implementation Cash Management Solution. He spearheaded the installation and maintenance of Oracle 9i Real Application Cluster on HP Servers with RISC Processors. He also designed and developed a module for processing ECS and integrated it

with the main application. Prior to Swarna Pragati, he was head of IT at Asia Pragati Capfin Pvt. Ltd. (NBFC), managing end to end IT implementation and setting it up from scratch.

As head of IT department of Swarna Pragati he has been responsible for the design and development of its core operational software. Additionally, his role encompasses, creating IT Roadmap and Policies, IT budgeting, IT Audit, ensuring seamless availability of IT infrastructure across the organization.

He has a bachelor’s and post graduate degree in Information Technology from University of Calcutta.

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Krusch P Antony
Vice President – Legal

A seasoned legal expert, with 17 years of experience in LAW and ADR practice. His expertise includes corporate legal management, legal compliance, contract negotiation, expertise in banking / NBFC and securities law and practice, DRT & SRAFESI and proficiency in arbitration and criminal law are my key strengths.

He has earlier worked with Shriram Transport Finance and Mahindra and Mahindra in legal roles covering Vehicle Loan, Mortgage Loan and Personal Loan Products. He headed actions under Sarfaesi, Section 138 of NI Act, Arbitration & Conciliation Act (including Sec 9), winding up petitions, Recovery suits etc.

He was also responsible for coordinating with recovery teams and monitoring the legal cases for effective timely actions and resolutions.

He is an accredited Mediator of Indian Institute of Arbitration & Mediation (IIAM), Member Online Dispute Resolution Mediation and Member of ASSOCHAM International Counsel of Alternative Dispute Resolutions (AICADR), and Secretary, ADR Society and an Associate National Cyber Safety and Security Standards. He is also a Guest Faculty at National University of Advanced Legal Studies, Kochi (National Law School).

His education background is BA Economics, Calicut University and MA Economics from Gokhale Institute, Pune. LLB from Government Law College, Cochin and Masters in Business Law from National Law School of India University, Bangalore.

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Binu Mathew
Vice President – Human Resources

He is Human Resources professional having more than 10 years of experience in Financial Services and education sector, with proven experience and skills in talent acquisition, talent management, payroll, compliances, employee welfare and implementing policy & process across multiple states. He has worked closely with top management to create strategic HR plan and implement HR Policies.

In his last role at Arman Financial Services Ltd. (NBFC) he was heading HR department and managed two subsidiary companies which were into microfinance

and two-wheeler finance. He is graduate in computer application and has a management degree in Human Resources. 
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Arun Agrawal
Assistant Vice President – Learning & Development

Arun is a management professional having more than 10 years of experience in handling training and development function. He comes with extensive experience in training with Sriram Commercial Vehicle Finance and Bajaj Finance Ltd, training more than 2700 onroll employees, conducted 800+ trainings consisting of Induction training, refresher training, product training, performance improvement training, new system rollout training, adhoc training etc. Possesses comprehensive knowledge of process training for retail finance with good understanding of product and business.He also has strong coaching skills, planning, communication skills,

listening skills, vendor management, Project management, analytical and data management skills. Has passion for continuous learning and has ability to measure and assess staff training needs. He has a bachelor’s degree in commerce and MBA from Gujarat University.
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Abhinay Kumar Shaw
Senior Manager – Company Secretary

Abhinay bring in more than 10 years of experience in Secretarial Compliance and Accounts. He has hands on experience in Accounting, Secretarial Compliance, Taxation and payroll processing functions, filing of ROC E Forms, Corporate Income Tax Returns, Individual Income Tax Returns, VAT, P Tax, TDS, Corporate Action Forms, FDI Reporting, RBI Reporting & other statutory returns.

He is a qualified Company Secretary from The Institute of Company Secretaries of India. He has completed his bachelor’s degree in commerce from University of

Calcutta, Post Graduate Diploma in International Business Operations from IGNOU and Master of Commerce from IGNOU.

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Parsuram Hota
Assistant Vice President – Regional Business Manager

Parsuram bring 13 years of diversified experience in Microfinance, Banking Correspondence, Mobile Banking, expanding business across geographies, maintaining collections and other efficiency parameters.

Prior to joining Swarna Pragati, he has worked as Senior Manager in RBL bank, various positions at SKS Trust and Assistant Area Manger with SKS Microfinance (BFIL).In his current role he is heading business and collections for West Bengal state.He has a bachelor’s in arts from Utkal University and MBA from Sikkim Manipal University.

Ashish Kumar Pandey
Assistant Vice President – Deputy Regional Business Manager

Ashish comes with 5 years of experience in mortgage and microfinance Business. He was instrumental in setting up of mortgage business in Chhattisgarh for Fullerton India. He has also worked as Divisional Manager for Spandana Sphoorty Financial Limited.

In his current role he is heading business and collections for Madhya Pradesh state.
He has a bachelor’s degree in Business Administration and MBA from Biju Pattnaik Institute of IT & Management.

Basavaraj Gowda
Senior Manager – Deputy Regional Business Manager

Basavaraj comes with a decade of grassroots experience in Microfinance. He started his career with Spandana Sphoorty Financial Limited as a Credit Assistant and because of his exceptional performance rose through the ranks to Assistant Vice President where he was managing South Karnataka Zone, which was one of the largest zones of Spandana with 65 branches and 250 crores of portfolio.

In his current role he is heading business and collections for Karnataka state.He has a bachelor’s degree in commerce from Karnataka University.

Akshay Fadnavis
Assistant Vice President – Database Development

Akshay is an engineering graduate with 5 years of experience in Business Analysis, Database Development, E-commerce and Insurance Analytics. His experience includes, implementing analytics solution architecture to solve business problems, creating business insights, analytical strategy, Leading client engagement and ensuring quality delivery, client-offshore communication, approach building for projects, designing and developing Point of View and Proof of Concepts for client proposals and Process automation and delivering end to end solutions. He has hands on experience working on multiple databases including SQL Server and

  MySQL and analytical tools like Tableau, VBA, SSIS, R, Hive and Minitab. He has also worked on multiple statistical techniques including Linear regression, Logistic regression, Survival analysis, Variable Clustering.

He heads the databased development at Swarna Pragati. He has earlier worked with Mu Sigma Business Solutions as Decision Scientist and with Prudential plc as Business Analyst.

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Manoj Jha
Senior Manager – MIS and Analytics

He has 7 years of experience in Operations, MIS and Analytics. He has worked with Clix Capital (GE Capital), Satin CreditCare and Spandana at different profiles of operation and MIS. He has extensively handled multiple products including corporate loans, LAP, Business Loans, Loan Against Card Receivables, Auto Lease, Equipment Lease, Bill Discounting etc. At Clix Capital he was closely working with top management in decision making process by providing operational risk analysis, multiple MIS and primary and secondary data analysis for monitoring and new product development.

He has extensive experience in MIS, data analysis, designing interactive dashboard, making pitch report, financial analysis and working knowledge of Minitab & SPSS. He is Six Sigma Green Belt from MSME-DI.

He has done his B.Sc. honours in Physics from Ranchi University and Post Graduate diploma in Management from Asia Pacific Institute of management, New Delhi, Specialization in Finance & HR

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