Board of Directors
Mahesh Kanumury - Chairperson
Mahesh Kanumury has over 20 years of operating, consulting and venture capital experience. Mahesh has an MBA from Harvard Business School, an MS in Engineering from Purdue University and BS in Engineering from Indian Institute of Technology, Chennai. Mahesh is currently the Managing Director and Founder of Arivali Partners where he provides advisory and investment services to a number of social enterprises. Mahesh was a General Partner at a $260M early stage venture capital fund based out of the Silicon Valley where he invested and successfully nurtured the growth and exit of technology companies. Mahesh also worked at McKinsey in the US where he led a number of high-impact initiatives at the CXO level. Prior to McKinsey, Mahesh worked at Schlumberger Technologies and Research where he led large scale software development efforts.
Sasidhar N Thumuluri - Managing Director & CEO
Sasidhar has 17 years of experience in financial inclusion and capital markets in 20+ countries. He started his career at BASIX where he was instrumental in designing and executing various innovative programs in microfinance and rural livelihoods. He rejoined the group in March 2014 and currently runs day-to-day business of Sub-K, a digital finance subsidiary that leverages mobile technology and local entrepreneurship to offer last mile banking and payment solutions. Previously, at International Financial Corporation South Asia, he led agri finance, housing finance and SME finance advisory verticals. Prior to IFC, Sasi was with Habitat for Humanity International in Washington DC, where he successfully spearheaded the pioneering work of structuring a global fund for micro-housing and helped realign business strategies of various country programs. Earlier at Microvest Capital Management in Bethesda MD, he had built and managed a large impact investment portfolio in Asia, Africa and Europe.
Devarakonda Sattaiah - Director
Devarakonda Sattaiah is the Managing Director. He started his career as a Technical Assistant before joining BASIX. He joined BASIX as a Field Executive and rose to the position of Director, Operations, BSFL. His contributions to BASIX began with initiating micro-credit operations, beginning micro-insurance operations and setting up Corporate Human Resource Department in BASIX. He was instrumental in effecting key long-standing collaborations with insurance companies influencing them to make substantial changes in policy to adapt to the rural micro-insurance customer needs.
PA Kalyanasundar - Independent Director
PA Kalyanasundar has over 35 years of rich experience in the banking industry. Mr Kalyanasundar was with Bank of India from 1975 and retired as General Manager - IT in November, 2010. In a banking career spanning 35 years, Mr Kalyanasundar has held Senior Management positions for over 16 years. Mr Kalyanasundar has rich firsthand experience of Rural banking, as also implementation of Financial Inclusion solutions in the Bank. Apart from core competencies in banking areas, his experience spans key functions such as IT implementation programmes, implementing an enterprise-wide Core Banking Solution across 3000 branches of the Bank. Mr Kalyanasundar has also implemented similar system for the bank’s branches overseas. Mr Kalyanasundar has won several honors and awards - CIO 100 Bold IT leader award for four years and entered the Hall of Fame; CTO forum Hall of Fame award; CIO 50 powerlist award (DataQuest). Mr Kalayanasundar is a Post graduate in Mathematics, an Associate of the Indian Institute of Bankers. Apart from a Diploma in Cyber law he also holds a Certificate in Corporate Governance in Enterprise I T (CGEIT) from ISACA. Mr Kalyanasundar has been appointed as the Additional Director of the Company with effect from March 26, 2012. He has also served as a Director of National Payments Corporation of India (NPCI).
V.P. Gulati - Independent Director
Dr. Ved Prakash Gulati is a Post-Graduate in Mathematics (1974) and has done his Post Graduate Diploma in Numerical Analysis & Automated Computing (1975) from Indian Institute of Technology, Delhi. He completed his Ph.D. from Indian Institute of Technology, Kanpur, 1982. He has a career spanning over two decades of intensive Academics, Research, Institution Building and Administrative Activities, resulting in quality professional output in Technology, Management, Administration and Consulting, especially in leveraging IT for excellence in the domains of Corporate Management, Public Sector Management and Banking& Financial Services. He is currently working with Tata Consultancy Services (TCS), Hyderabad as Vice President, Financial Technology Centre. He was the Director for RBI established Institute for Development and Research in Banking Technology (IDRBT). He was a Professor at National Institute of Bank Management (NIBM), Pune, and at Institute of Rural Management (IRMA).
Ms Swati Desai - Independent Director
Ms Swati Desai holds degree M.A.(Economics) University of Bombay and LLB from University of Delhi. She has had an illustrious carrier of 35 years with State Bank Group with wide experience of serving the banks in varied verticals including credit, retail banking and international finance. During her long career in the Bank, she has held many challenging assignments. Her last assignment was with SBI Securities Limited as Managing Director. She has long experience in SBI's treasury and hence financial markets. She was Managing Director of the broking arm of SBI for four years. She oversaw reorganisation of the Company and revamped processes and policies to set stage for growth. State of the art technology was developed and introduced to make the Company's on line presence the finest in the industry.