Co-founder and Managing Director
Mr. Kartik S Mehta is a qualified Chartered Accountant from Institute of Chartered Accountants of India and a member of the Institute of Cost Accountant of India. He is also qualified Certified Financial Planner. He is a Career banker with more than 30 years of experience in the banking and the financial services industry in India. He has worked across various functions including corporate finance, treasury management, retail banking and distribution, agriculture credit and priority sector and microfinance during his banking career. Over the last couple of years, he has been associated as a Micro Finance practitioner and has extensively worked in the western geographies of India. Mr. Mehta has also been involved with some pioneering work in the banking correspondent space and has travelled extensively to study the model in Brazil and South Africa.
Co-founder and Managing Director
Purvi Bhavsar, a first generation entrepreneur from Ahmedabad is the co-founder of Pahal Financial Services Private Limited, a Leading Non-Banking Financial Services Company (NBFC-MFI) working in the area of microfinance and enterprise lending.
She has a prolific experience of over 27 years in the areas of BFSI-(Banking and Financial Services Industry ) and Telecom having worked in some of the most reputed organizations of the country like Kotak Mahindra, HDFC Bank, ICICI Bank and Vodafone India. She has very diverse exposure across the entire spectrum of Corporate and Retail Banking, Consumer Finance, Stock Broking, Distribution and Customer Service. For her pursuits, she was awarded one of the “leading women in telecom industry” during 2010-11. She was recently recognized as Top 10 women in Finance – 2020. She is currently serving on the board of an affordable housing finance company.
She was selected for a scholarship program run at IIMB as a part of Goldman Sachs 10K women program-2019. She is currently undergoing a program run by Stanford Seed India and has received a scholarship. She has mentored fintech start-ups as a part of Stanford Spark program apart from other agriculture ( Buddy- IIMB) and other impact start-ups.
Mr. Padmanabh Pundrikray Vora, holds a Bachelor’s degree in Commerce and is a Chartered Accountant by profession. Mr. Vora is an eminent person in banking and financial markets. He is also a member of the ICAI and Associate of Indian Institute of Bankers and has over 39 years, experience in finance, banking and management. He was also the Chairman of National Housing Bank, the Regulatory body for housing finance in India. During his long and illustrious career as banker, he has held several prestigious positions in the industry such as serving as the Chairman-cum-Managing Director of the Industrial Development Bank of India from which he retired in 2003. He served as a consultant at Deloitte Touche Tohmatsu India Private Limited and also served as a member of clearing council at BSE limited (Bombay Stock Exchange Limited) and holds directorship in many other reputed companies in diversified fields.
Mr. Venkatraman Iyer has more than 30 years of experience working in US and India and in various businesses like Renewable Sources of energy (Solar & Wind), Office Equipment (Canon USA, Canon India & Xerox), Pharma manufacturing & healthcare (Pfizer & Wockhardt), Automotive (TVS Motor), IT services (IBM@Tata Steel) and Broadcast Media(Star TV). He has been heading IT for almost 20 years and has also worked in Sales & Marketing, Digital Marketing, Business process design and Re-engineering, Logistics and distribution. His key interests are in the area of business process improvement using technology. Mr Iyer has done his BS in Physics & Electronics, MBA in Marketing and 2nd MBA in Information Management from the US. He is also an active member of the CIO Angel Network. He was the Global CIO of Wockhardt Ltd. He is also an independent director in Stock Holding Document Management Services Limited and an operating Partner with a private equity firm Xponentia Capital.
Nominee Director (DIA Vikas Capital Private Limited – DIA)
Mr. Saurabh Baroi is working as the General Manager in DIA Vikas Capital Private Limited (DIA). DIA is a social investor and has investments in the Financial Inclusion space. Currently it has investments in 6 NBFC-MFIs, 2 SFB and 2 section 8 companies. Mr. Baroi has been working with DIA since year 2007. He has an experience of over 21 years in the field of financial inclusion, leading social impact investments and social development. Mr. Baroi has a postgraduate degree in Rural Management. Prior to working with DIA, he has worked with National and International Development Organizations like CARE International, Access Development Services and CAPART. He has also undertaken assignments/studies for International Development Organizations and World Bank Projects for Microfinance and Financial inclusion prior to joining DIA.
Mr. Satish G Mehta is the founder of Athena Advisors – a boutique consultancy firm, consulting in the areas of Mortgage Finance and Credit Information & Bureaus. He has experience spanning over 40 years in the areas of housing finance, consumer finance, business development, training, credit information and management consultancy has resulted in the creation of India’s first credit bureau – CIBIL. He worked with the Quantum Group ,Dun & Bradstreet Dubai Credit Information Bureau (India) Ltd – CIBIL, HDFC and Piramal Capital & Housing Finance Limited.
In addition, he has worked closely as a consultant, delegate, faculty member international organizations like the International Finance Corporation (IFC) in Nepal, World Bank in Indonesia, Bank of Housing and Construction and Home Finance Company Limited in Ghana, Building Societies Institute in Australia, National Mortgage Institute in Fairfield, USA, The Building Societies Association, UK and GE Capital Corporation, USA. Presently, he is a consultant to the World Bank, Strategic Advisor to fintech startups and Professor of Practice of Management at Ahmedabad University and consultant to a Housing finance company.