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 29 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 has undergone 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. 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.
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.
Chairman of the Board
Dr. Deepali Pant Joshi is a fellow of Harvard University Asia Centre where she did post-doctoral research in the areas of Finance and Economics. She holds a doctoral degree from the University of Allahabad and Law and Management degree.
She has four decades of experience in public life, of which, 36 years were spent at the Reserve Bank of India, the RBI where she was a career Central Banker she superannuated as its Executive Director. During the course of her long and distinguished career she was entrusted with several difficult and challenging assignments including demonetisation.
She is known for her work in the public policy domain and for her commitment to growth with equity and her policy work in Microfinance and financial inclusion.
Arpita has done PGDM from Indian Institute of Management (IIM), Ahmedabad and has worked as Managing Director and CEO of M-CRIL inclusive microeconomics, a social enterprise that provides high quality professional services for the economic enhancement of the lives of low-income families. She joined Dia Vikas Capital Private Limited as Managing Director & CEO in Feburary’23.
Previously, she has been a Partner in Big 4 professional services firms. She has over 25 years of management and risk consulting experience with the said firms. Arpita sits on the Supervisory Board of Oikocredit, a social impact investor, and is an independent director of Airtel Payments Bank, the banking arm of India’s biggest Telco.
Nominee Director - Dia Vikas
Nominee Director - GAWA Capital
Luca has spent most of his career investing in and advising microfinance and financial institutions. Prior to founding GAWA, he worked at Credit Suisse Investment Banking in New York advising many microfinance institutions in accessing capital markets, including Banco Compartamos’ IPO. Luca gained on-the-field operating experience working for Annapurna, an Indian MFI. Luca began his career at BCG and holds an MBA from Kellogg where he was awarded Siebel scholarship for leadership.
Niroshani has extensive experience in the MSME sector and has developed a strong operational track record in frontier markets with technical expertise in financial inclusion and digital development. As the founding Country Manager in Myanmar, she successfully established one of the leading microfinance companies in Myanmar from greenfield to sustainable operation within a short time span of 2 years. Niroshani is also a CGAP certified trainer and certified SPI4 auditor. She has a strong background in IT, having her first degree in IT, followed by a master with IT focus.
She also holds a MSc in Finance (Economics) from SOAS, UK and has participated several trainings at Harvard Business School and Boulder Institute of Microfinance, USA.
Nominee Director - BOPA