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.

 Mahesh Kanumury

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.

 Sasidhar N  Thumuluri

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. 

 Devarakonda Sattaiah

Mr Abhishek Agrawal - Nominee Director

Abhishek Agrawal joined Accion in July 2009 and is currently Accion'sWhole time Director, India. As an Accion representative, Mr. Agrawal serves on the boards of Vindhya E-Infomedia, Swadhaar FinServe, Saija Finance and IFMR Rural Channels and Services Pvt Ltd. He comes with extensive experience in financial management, strategy & business planning, and microfinance operations.
Mr. Agrawal had worked as CFO for more than 12 years in several countries, including at Swadhaar Microfinance starting in 2010, in his capacity as global staff for Accion.
In earlier roles, Mr. Agrawal worked with FINCA International as CFO in different affiliates. Prior to that, he acted as an advisor to the Institute of Chartered Accountants (ICAI), where he worked on number of projects in Municipal reforms & financial management for local municipal bodies. Mr. Agrawal has a Ph.D. in Municipal financial reforms and Chartered Accountant (FCA) from ICAI. He did his Masters of Business Administration with a specialization in finance at Rai International University.

 Mr Abhishek Agrawal

Mr Christian B Ramm - Nominee Director

Christian B. Ramm is Investment Director at Nordic Microfinance Initiative (NMI), a public-private partnership investing in microfinance institutions (MFIs) in Asia and Africa.
He has previously experience as Finance Manager at the family office Ferd Social Entrepreneurs and Canal Digital Norway(Telenor Group), and Finance Manager and Country Director for Norwegian People's Aid in Angola. In addition, hehas been Managing Director atSchibsted Publishing (Sweden) and held several management positions at the Schibsted Media Group in Norway.He has also worked as a journalist for Finansavisen, a major financial newspaper in Norway.
Mr. Ramm holds a master's degree in Finance from Norwegian School of Economics (NHH)and University Mannheim, Germany and has completed studies in psychology at the University of Bergen, Norway. .

 Mr Christian B Ramm

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.

 Ms Swati Desai