1Renana Jhabvala

Renana Jhabvala is an Indian social worker based in Ahmadabad, India, who has been active for decades in organizing women into organizations and trade unions in India, and has been extensively involved in policy issues relating to poor women and the informal economy. She is best known for her long association with the Self-Employed Women’s Association (SEWA), India, and for her writings on issues of women in the informal economy.

In 1990, she was awarded a Padma Shri from the Government of India for her contributions in the field of social work. In April 2012, she became Chancellor of Gandhigram Rural Institute, a Deemed University in Tamil Nadu, India.

Renana Jhabvala is best known for her long association with Self- Employed Women’s Association (SEWA), India which has 1.3 million members and for her writings of issues of women in the informal economy . She was awarded a Padma Shri Award in the 1990.

She joined Sewa in 1978 and after working secretary of SEWA in Gujarat under Smt. Ela Bhatt she initiated SEWA across India. She was instrumental in forming SEWA Bharat A National Federation of SEWA. As now in nine States of India and is presently President, SEWA Bharat, she initiated SEWA in Delhi 2000 and is Founder of SEWA Delhi.

She has been active at the international level and represented SEWA at the International Labor Organization (ILO) and other international forums. At the South Asia level she was instrument in forming Home Net South South Asia bringing together organization in South Asia countries and is presently the chair of Home Net South Asia. She is one of the founders and present Chair of WIEGO (Women Informal Employment and Organizing) based at Harvard University, USA.

She has been active in many Government committees and task forces which have formulated policies ranging from National Policy for Street Vendors to the Law for social of unorganized workers. At present she is Member, Prime Minister’s National Skill Development council and Member Steering Committee of Urbanization, Indian Planning Commission.

2Jayshree Vyas

Jayshree Vyas, a professionally qualified Chartered Accountant has been working as the Managing Director of Shree Mahila Sewa Sahakari Bank, Ahmedabad since 1986 which has more than 4,00,000 women clients. During her tenure she has taken active steps to introduce and operate an Integrated Micro Insurance Scheme for women working in the informal sector. This scheme was introduced for the first time in the country and in a short period of three years covered more than 150,000 women. She has also devised and implemented various housing finance schemes, which have been accessed by over 20,000 poor women. She has introduced, organized and managed savings groups of poor women in more than 5000 villages in nine districts of Gujarat. This scheme has helped more than 150,000 women start saving for the first time in their lives, and availed credit facilities for coming out of the vicious circle of Poverty. In addition, she has prepared modules and manuals for providing training for running effective saving and credit programs for various national voluntary organizations involved in similar activity.

In the year 2001, financial literacy programme was introduced in Sewa Bank, first of its kind in India – at initiative of Jayshree Vyas. In the year 2006, Micro Pension Scheme was introduced for Sewa Bank Members (Unorganized sector workers) under her leadership.

Some of her key appointments include:

  • Executive Director in Indian School of Micro finance for women (ISMW, Ahmedabad).
  • Board Director in Women’s World Banking-New York.
  • Board Director in Ananya Finance for Inclusive Growth Pvt. Ltd.
  • Board Director in TFC ( Trade Facilitation Center).
  • Board Director of National Housing Bank – New Delhi.
  • Board Director of BSS Microfinance Private Limited.
  • Member of Advisory Committee of SEBI (Securities and Exchange Board of India)- Investor’s Protection and Education Fund” (IPEF).

3S. Sridhar

S. Sridhar, is an Independent Director of the Company. He studied at the Indian Institute of Technology, Delhi and Jamnalal Bajaj Institute of Management Studies, Mumbai. He was awarded the Lord Aldington Banking Research Fellowship for the year 1984 by the Indian Institute of Bankers. He has received many awards / honours, particularly for his innovative business models and intuition building.

He was Chairman and Managing Director of Central Bank of India until May 31, 2011 and earlier of National Housing Bank, India’s regulator of Housing Finance Companies and the apex Financial Institution for housing. He is a banker with about 40 years experience in commercial and development banking of which 13 years were at the CEO / Board level. He is widely acknowledged to be an innovative, market oriented banker and strategic thinker having provided transformational leadership to the organisations he had worked for. He was a pioneer in championing the concept of affordable housing in India and contributed significantly to public policy formulation.

Sridhar started his career with State Bank of India, India’s largest commercial Bank. He also worked as Executive Director and Chief Operating Officer of Export Import Bank of India, India’s apex export financing institution between 2001 and 2006.

Currently, he serves as an Independent Director on the Boards of various companies, and also as a consultant to financial services companies.

Sridhar has served in various national level committees and task forces for framing financial sector policies. He was on the Managing Committee of the Indian Banks’ Association, served on the Emerging Markets Council of the Institute of International Finance, Washington DC. He has been an invited speaker at numerous national and international Conferences including Chatham House Lectures.

8Nandan Singh Bisht

Fellow Member of Institute of Chartered Accountants of India, having more than 15 ( 12 years post qualification) years experience in the field of:

Management consulting relating to, Legal Structuring of Microfinance and Development Institutions ( for Indian MFI’s) Capital Structuring ( for Indian MFI’s) Risk Management in Microfinance Institutions. Individual and Corporate Tax Planning Financial Management Process Mapping and Improvement Accounting- MIS Design, Structuring Accounting Systems and Procedures for Microfinance Institutions, System Audit- MIS-ACCOUNTING software review, Software Migration issues, IT Audit of Banks in core banking environment. Internal Control in Microfinance Institutions- Design-Improvement-Implementation. Internal Audit & Monitoring- Structuring, Handholding Support, Development of Manual for Internal Audit Functions in Microfinance Institutions. Capacity Building and Training Internal Audit- Accounting- Risk Management – Process Mapping- Cost Reduction Techniques, especially for Microfinance institutions. Statutory Audit and Finalization of Accounts (especially of Developmental and Micro-finance Institutions), Taxation, Corporate advisory, Foreign Investment advisory (in Indian Context)

Professional Qualification: Practicing Fellow Member of Institute of Chartered Accountants of India ( ICAI). (Since 2001)

Education: Bachelor in Commerce with Honors from Delhi University, Ramjas College (1996)

Specialized MIS software for MFI’s and development institutions reviewed/assessed/worked with core banking software.

9D. Subrahmanyam

Dr. D. Subrahmanyam is a Masters in Planning from IIT, Kharagpur, PhD from School of Planning & Architecture, New Delhi and PG diploma in Housing, Planning & Building from Netherlands.

He specialized in Housing and Urban Development, currently working as Senior Executive Director at Housing & Urban Development Corporation Ltd. (HUDCO), New Delhi and is on the Board of Delhi Mumbai Industrial Corridor Development Corporation Ltd. (DMICDC), GoI.

Dr. Subrahmanyam is a housing finance professional with 29 years of experience and worked with National Commission on Urbanization (NCU), Ministry of Urban Development, GoI, Korea Research Institute for Human Settlements (KRIHS), Republic of Korea and Institute for Housing & Urban Development Studies (IHS), Rotterdam, and had working experience in South-East Asian and SAARC countries. He travelled widely and is familiar with operationalization of housing finance systems in various countries.

Dr. Subrahmanyam is a member of various professional bodies such as All India Housing Development Association (AIHDA), Indian Building Congress (IBC), Institute of Town Planners India (ITPI), Indian Institute of Public Administration (IIPA), Institute of Urban Transport (IUT), Association for Transport Development of India (ATDI), Regional Science Association of India (RSAI).

He is presently heading of Strategic Business Units of Core Infrastructure Financing and Emerging Sector Financing as Senior Executive Director (Projects), besides as Appellate Authority of RTI in HUDCO.

5David A. Smith

As AHI’s founder, David A. Smith brings to bear 35 years’ experience with complex affordable housing transactions, programs, and policies, and a global reputation for creativity, insight, adaptive innovation, passion and problem-solving.

International financing expertise. David has led AHI consulting work for the World Bank, USAID, South African Banking Association, Gates Foundation, Rockefeller Foundation, and MacArthur Foundation. He has identified and adapted global ideas in Turkey (producing a comprehensive assessment of the country’s housing finance ecosystem); Egypt (strategic plan for the Guarantee and Subsidy Fund), India (slum upgrading finance brainstorming); Brazil, Mexico, Saudi Arabia, Kenya, Ireland, and the UK.

Housing finance business and business model creation. David played a principal role in designing global-leading initiatives such as Slum Dwellers’ International’s (www.sdinet.org) Urban Poor Fund.

Housing finance innovation, education, and advocacy. Author of more than 200 published articles, including The Community Reinvestment Act Goes Global, David’s work is read globally for insight into what public and private stakeholders can do to capitalize on emerging housing and financing trends. A co-author of AHI’s landmark study, Mission Entrepreneurial Entities, he has spoken at or co-chaired more than a score of international conferences around the world, including Boulder Institute of Microfinance, World Urban Forum, World Bank’s Global Housing Forum, and World Habitat Day.

7Manjiree S. Jaitly

Manjiree serves as a Deputy General Manager in the Treasury Department of Housing Development Finance Corporation Ltd. (HDFC). She joined HDFC in July 2003 and is a part of the investment & corporate strategy team. She handled the first masala bond issue (listed on the London Stock Exchange) in the country for HDFC. She was actively involved in the acquisition of Credila Financial Services Pvt. Ltd. (Credila), now the student loan subsidiary of HDFC. She is a nominee director on the board of RuralShores Business Services Pvt. Ltd. (a rural BPO company), an invitee to the boards of Credila, HDFC Holdings Ltd. & HDFC Investments Ltd. (subsidiaries of HDFC).

She is a member of the Institute of Chartered Accountants of India (ICAI), the CFA Institute (Chartered Financial Analysts – USA) and is a Certified Public Accountant (USA).

11Ashok Kumar

Ashok Kumar is Assistant General Manager in National Housing Bank. He has more than two decades of professional experience in Information Technology and regulatory organizations with specialising in the matters of Refinance, Human Resource Management, Administration, Information Technology and housing finance regulation. He started his professional career with National Housing Bank, India’s apex housing finance regulator.

Ashok Kumar has been actively associated with the refinance activities of the National Housing Bank, with an active participation in the policy matters and operational activities of the Bank. He is considered an authority on the matters of Human Resource & Refinance and is member of several committees of the Bank. He has also participated as faculty in several training programme of the Bank.

Ashok Kumar holds B.Tech from NIT, Calicut (formerly REC, Calicut), has done MBA from IGNOU and is a Certified Associate of Indian Institute of Bankers (CAIIB).

6Karuna Jain

She joined Acumen in July 2012 to grow and manage the Health Portfolio and also to develop the Housing Portfolio in India.  Karuna has two years of investing experience with the $175M Aditya Birla private equity fund and $600M Milestone Capital real estate fund. She has also spent four years with the Aditya Birla Group and Dr. Reddy’s Laboratories in textiles, cement and pharmaceuticals businesses across finance and M&A roles. Karuna earned her post-graduation in management from the India School of Business (ISB), Hyderabad. She is also a qualified Chartered Accountant

Manish Thakkar

Manish Thakkar is a qualified chartered accountant and cost accountant. He is currently working with RNT Associates Pvt. Ltd. and has been associated with prestigious institutions viz. Nomura, ICICI Securities Ltd., KPMG India Pvt. Ltd and Infin Equity Services Private Ltd.

He has around 23 years of experience in M&A, capital structuring, project financing, IPO advisory services, bought-out deals and valuation of companies/ businesses across a wide spectrum of sectors like pharmaceuticals, chemicals, infrastructure, textiles, steel, plastic processing, leisure and tourism among others. He also co-founded a platform for underwriting of real estate apartment sales in partnership with promoters of Net Ambit, a platform for distribution of financial products and real estate.