Anil is founder and CEO of Samunnati, an enterprise focused exclusively on value chain finance primarily in the Agriculture & Allied activities, for Inclusive Growth. Anil started his career with Canara Bank and then joined ICICI Bank. He is also the founding Trustee of IFMR Trust. In his career of over 23 years he has extensively worked in the areas of General Banking, Retail Banking, Microfinance, Rural & Agricultural Finance. The models he has worked on, focussed exclusively on Financial Inclusion, Customer Protection, Wealth Management approach for low income households and Product Development for remote rural markets.
Over the last decade Anil’s work focused on creating newer institutions across the country and operating in the financially excluded markets with corresponding support structures for their Anil has done Masters in Management from Asian Institute of Management, Manila, The Philippines. He has Masters in Business Administration from Symbiosis Institute of Management, Pune and Graduation in Humanities from Osmania University, Hyderabad.
Jyotsna joined Elevar in 2011 and currently leads Elevar’s India team and its investing in India. She believes that: “An enormous amount of opportunity resides in communities that do not have access to the formal ecosystem. The very idea of being able to partner with these communities, with their wealth of experience, innovation and resilience, through efficient business models is inspiring.”
She has over 12 years of experience in retail financial services, business operations and analytics, and investing in early stage ventures. In particular, she has spent considerable time with low income communities and has translated her admiration for these communities into concrete observations that formed the basis for Elevar’s investments in companies such as Varthana (serving affordable private schools through financial and other services), Samunnati (catalysing agriculture supply chains through finance and intermediation services) and Credit Mantri (enabling lending to customers with poor or no credit history), all of whom are providing specialised services to distinct customers who do not have access (she sits on the boards of these companies). She also works closely with many of Elevar’s portfolio companies particularly when it comes to strategy, customer focus and financing.
Prior to Elevar, she was at HSBC and worked across multiple roles in retail banking – including sales, operations, HR, strategy, finance and business intelligence. Jyotsna is a Commerce graduate from Shri Ram College of Commerce, Delhi University and completed her MBA from SP Jain Institute of Management & Research. She is also a CFA (Chartered Financial Analyst) charter holder.
Jyotsna likes to wind down in her free time, by enjoying the simpler joys of life – time with family and friends, a long walk amidst greenery, listening to music (old favourites) and keeping pace with her hyperactive toddler.
Mahendran Balachandran has been venture investing since 2005, bringing with him two decades of business leadership in technology companies, including Apple. He holds a management degree from IIM Bangalore and a B.Tech degree from NITW. He is the lead investor and serves on the board of various companies engaged in healthcare and technology sector. Prior to venture investing, he was the Country General Manager of Apple, India; Chief Operating Officer of CoSystems (Telecom & Datacom Company); and General Manager of Tektronix India.
Srinivasan is an independent Director at Samunnati. He has been a development banker for almost 30 years, working with Apex institutions like RBI and NABARD. Mr Srinivasan is an expert in microfinance and livelihood development. He has worked with the World Bank, IFAD and UNOPS on various projects. Mr Srinivasan is founder-member of Alliance for the Fair Microfinance, and chief author of the State of the Sector Report on microfinance since 2008. He currently serves on the Board of Mahabank Agricultural and Rural Development Foundation, Bank of Maharashtra, Hand in Hand Trust , Equitas and ASSIST. He is a Board member of Microfinance Transparency, USA and Advisor to Green Microfinance, USA.