Independent Director (Non-Executive Chairman)

Over 36 years of banking experience with the Reserve Bank of India, he retired as Regional Director-RBI in the year 2011. His subject areas of work experience include Banking, finance, currency, public debt, administration, personnel, human resources (specially training field), foreign exchange (including control as well as management), rural credit, training, legal work and education/literacy (financial literacy/education) and disciplinary & domestic enquiry area/ behavioural sciences with specialized areas of industrial relations & communications.He heads the Asset Liability Management COmmittee and HR & Compensation Management Committee and guides the management in the areas of Organizational strengthening, product development and environment management.


Managing Director & CEO

PG in Psychology, has over 20 years of working experience in rural development at grass root level in North India. He has extensive experience in enterprise development and microfinance in the region. His knowledge about livelihood practices and organizational skill building are useful for the organization in development relevant policies, processes and mechanism for comprehensive growth. Also contributes in client education and engagement and bringing client feedback to the board and key stakeholders. Prior to establishing MFSL in 2006, he has worked with Entrepreneurship Development Institute of India and Asian Centre for Organisation Research & Development (“ACORD”).

Arupjyoti Rai Baruah

Whole Time Director

Alumnus of Institute of Rural Management, Anand (IRMA), & B. Tech from Assam Engineering College, he possesses over 25 years of experience in development and corporate sector. He specializes in enterprise development, business facilitation and loan portfolio audit and contributes to visioning of the organisation and in livelihood interventions. He has worked as a consultant with “UNIDO- Jordan”. He was involved in establishing a business counselling system and provide advisory services to potential entrepreneurs for business identification, planning, implementation and management, facilitate in attracting Foreign Direct Investment to Jordan and Promoting sector specific companies for Joint ventures and Sub-contracting. He was earlier associated with Entrepreneurship Development Institute of India, Nagarjuna Fertilizers and SAIL.


Independent Director

Mr. Prasad has over 35 years of banking experience with Reserve Bank of India, from where he retired as Chief General Manager. He has extensive experience in the areas of Supervision and Examination of Non- Banking Financial Institutions & Banks including the Developmental Financial Institutions. He holds a M.Sc. Degree and is a Certified Associate of Indian Institute of Bankers (C.A.I.I.B).

He heads the Audit Committee of the Board and Risk Management Committee of MFSL and is engaged in training and guiding the internal audit team of the organisation. He also conducts trainings for the microfinance staff on different aspects of credit & risk management.


Institutional Nominee, Managing Director, Dia Vikas Capital

Being a Post Graduate in Rural Management and he has 22 years of experience in Micro-finance. Prior to his current engagement with Dia he has worked with both international and national organizations including CARE India, Access Development Services and CAPART. Saurabh represents Dia in the boards of many Microfinance Investee Companies. Saurabh is primarily engaged in identifying suitable investment opportunities, institutional assessments, negotiating equity and debt transactions, researching business risks and opportunities, analyzing of financial statements, monitoring of investee organizations, performing evaluations, mentoring and building the capacity of MFI personnel, and partnership management with the Investee Companies.


Whole-Time Director

M. Com. from Calcutta University, she has over 20 years of experience in the field of accounting and finance, direct finance, refinance, development finance and audit . Prior to joining MFSL in 2008, she has worked for over 11 years (1996-2008) in various managerial capacities in different departments of SIDBI. She possesses extensive financial management skills and is responsible for business planning, financial management and risk managements functions in the organisation. She is an associate of the Indian Institute of Bankers.


Nominee Director

27+ years’ of experience in MSME financing and development, covering a variety of industrial sectors. Besides, he has acquired extensive experience in NPA management and follow up and monitoring of MSME exposures. He is known for developing a criticality based monitoring system which is known as Simplified Monitoring System for monitoring MSME exposures. Worked extensively in the MSME segment, successfully implementing multiple new initiatives for the overall development of MSMEs exposure. Having served in North East, Maharashtra, Gujarat, Uttar Pradesh, Delhi, Rajasthan, Punjab, Haryana and other states, Mr. Srivastava has wide and enriched experience of developmental and financing initiatives across varied geographies.

MS. Maitrayee Banerjee

Independent Director

Over 30 years of banking experience with public sector bank in India and abroad where she retired as General Manager. She has extensive experience in Credit, MSE, Self-Help Groups, Government Sponsored Schemes, Mid-Corporate and Corporate Credit – processing, sanction and monitoring thereof. She also holds experience in Foreign exchange and Treasury Experience.