Board of Directors

Led By Industry Veterans & Experts

The Company is Promoted by 3 Professional Entrepreneurs who bring with them more than 25 years of experience in Retail Asset Lending with leading Banks and NBFCs. In the last 8 years, they have successfully promoted and built Micro Finance Business PAN India & intend to leverage the insights and experience gained, in building the service delivery model of Micro Finance to under-served customers.

Vikrant Bhagwat

Vikrant Bhagwat

(Promoter) MD & CEO

A Management graduate brings with him more than 27 years of work experience in building Retail Asset Lending portfolios – both Secured and Unsecured with the last 8 years being in the Micro Finance business to the customers who are at the base of the pyramid & are unserved by formal financial institutions. Recently held position as Head of Business and Part of Senior Leadership Team at Suryoday Small Finance Bank Limited. His prior experience has been with LOK Capital, Cholamandalam Investment & Finance Co. Ltd., HDFC Bank and Development Credit Bank.

Ashish Tewari

Ashish Tewari

(Promoter) Director

An Economics, Law and Management graduate, he has close to two decades of experience in the financial services industry. A Successful entrepreneur, Co-founded Fusion Micro Finance in the year 2009 and served as Director – COO, and make a successful exit by selling his take to a US-based PE Fund in 2016. His prior experience has been with ICICI Bank, GE Commercial Finance and his last assignment was with DCB Bank as Head of Mortgages. He has founded Tweedle Technologies, a solution providing Employee Engagement Solutions to the organizations to fight climate change.

Himanshu Joshi

Himanshu Joshi

Independent Director

Mr. Himanshu Joshi has over 4 decades of hands-on banking experience across India and retired as the Executive Director for Oriental bank of Commerce (now Punjab National Bank (PNB)) in 2018. He served as the General Manager of PNB, he headed the treasury department of the Bank with investment book size of INR 250,000 crore. He has also headed MP and Chhattisgarh States as part of his GM tenure with PNB. He was also appointed as the Chief Compliance Officer of PNB, conceived the idea to strengthen compliance culture of bank and spearheaded the job of creation of robust compliance infrastructure setup of 500 Circle Compliance Officers & DMLROs. Also, redrafted Compliance Policy of the Bank and created MIS, Roles & Responsibilities of compliance Professionals. He holds a graduate degree in Commerce and is a Certified Associate at the Indian Institute of Banking and Finance (CAIIB).

Matangi Gowrishankar

Matangi Gowrishankar

Independent Director

She has been associated with the Oil & Gas major – BP (British Petroleum)for the past 12 years and was Director of the global Leadership Academy for BP and also HR Director for the Asia Pacific Business of BP’s Lubricants business based in Singapore.She also has over three decades of business and HR experience with Standard Chartered Bank, Reebok India, GE, Zensar Technologies, and Cummins both in India and overseas. A member of NHRDN (National HRD Network in India) and is also an Independent Director of Arohan Financial Services Pvt Ltd. A BA in Sociology with a post-graduation in Personnel Management & Industrial Relations from XLRI, Matangi has also attended strategic Human Resources programs at Harvard and Cornell. She is a Certified Coach( Neuro-leadership Group), SHL Certified Assessment Centre Specialist, and Certified Facilitator & SATE Practitioner from IBM Skillbase.

Sushma Kaushik

Sushma Kaushik

Nominee Director

Sushma is a Partner at Aavishkaar and brings with her over 18 years of diverse experience in the field of early-stage investing, small business incubation, and consulting across sectors. Sushma has worked to identify, manage and exit a large number of companies and has worked closely with several inclusive business entrepreneurs. She started off with an entrepreneurial venture in engineering design services and moved on to roles in investments. She has extensively evaluated transactions covering debt and equity structures. While at Ashoka- Innovators for the Public, Sushma got to work with social entrepreneurs in the Housing for All initiative. She has worked closely on building collaborative partnerships in market based solutions for the low-income populations. Sushma has completed a strategic leadership program at the prestigious Harvard Business School, she is an engineering graduate from RVCE, Bangalore, and has an MBA from the Indian School of Business, Hyderabad. She was recognized by IAAIF as “40 UNDER 40” Alternate investment professional in India.

Avishek Addy

Avishek Addy

Additional Director

Avishek is a Member of the core investment team of Amicus Capital with a focus on investment in the financial services sector. He has over 15 years of experience of which 10 years have been in private equity and buy-side advisory. He has been extensively involved in the sourcing, evaluation, execution, and post-investment management of companies in this sector. During the last 5 years, he has evaluated over 500 investment proposals in the financial services sector and has been very closely involved in the consummation of investments in three companies in the financial sector to date. Prior to joining Amicus Capital in 2016, he has worked across multiple organizations including Faering Capital, Ernst & Young, and Oil and Natural Gas Corporation Limited. He has strong academic credentials with a post-graduate degree in management from the Indian Institute of Management (Ahmedabad), a Rank Holder in CA (Final) and CA (Foundation) exams conducted by The Institute of Chartered Accountants of India, and the first rank in Bachelor of Commerce (Honours) examinations conducted by the University of Calcutta.

Subit Saurav

Subit Saurav

Nominee Director

Subit is Associate Director at Aavishkaar and brings more than 10 years of experience in early-stage investment, finance, and portfolio management. He has worked closely with multiple inclusive businesses. Prior to joining Aavishkaar, he was an Assistant Vice President – Finance at IFMR Rural Channels and Services Pvt Ltd. He led the first-of-its-kind project of a Business correspondent, and successfully went live in two districts of Tamil Nadu, expanding the loans portfolio brick-and-mortar customer segment. Subit has completed a strategic leadership program at the prestigious Harvard Business School, is an engineering graduate from IIT Guwahati, and has an MBA from the Indian Institute of Management, Calcutta.

Mahesh Parasuraman

Mahesh Parasuraman

Board Observer

Mahesh is a Co-founder & serves as Partner at Amicus Capital India. Prior to co-founding Amicus Capital, Mahesh was a Managing Director in the Asia Growth Capital team of The Carlyle Group based in Mumbai. During his ten plus years at Carlyle, Mahesh led investments across sectors such as technology, financial services and consumer. Before joining Carlyle, Mahesh worked for EY in their Corporate Finance Team for four years where he was closely involved in M&A engagements in the technology sector. Mahesh also worked for Arthur Andersen in their Tax and Business Advisory Group for four years. Mahesh received his bachelor’ Degree in Commerce from Bangalore University and is a Chartered Accountant (ACA) and Cost Accountant (Grad CWA).