List of Directors


  1. 1. Mr. Anil L. Jadhav- Chairman & Managing Director
  2. 2. Mr. Satishkumar G. Rao – Director
  3. 3. Mr. L.B. Prakash – Director
  4. 4. Mrs. Sujata A Jadhav – Director
  5. 5. Mr. A. Ramanathan - Independent Director
  6. 6. Mr. V. Nagaraja - Independent Director


Mr. Anil Jadhav, Chairman and Managing Director

Mr. Anil Jadhav a rich field experience of more than two decades gained through managing credit cooperatives for providing micro finance (credit and savings) services amongst the urban poor in Mumbai. He has long years of hands-on and strong on-the-ground experience in microfinance in Mumbai. He began his career as a Trainee in a credit co operative society and quickly rose up the rank from a Manager to a General Manager within the same organization. He had been instrumental in mentoring several credit cooperatives, consulted them for rolling out products that were suitable to client needs. He has been actively engaged in the cooperative consortium A Federation that provides extensive support to its members with respect to industry code of conduct.

He established Hindusthan Cooperative Credit Society in the year 1992 with an aim to provide better services to customers and this organization was one of the early entrants to use the technology platform for monitoring and tracking client maintenance.

The zeal to ensure efficient and better services to customers with multiple suite of products within the shortest turnaround time (TAT). He also established an IT solutions company in 1996 and hired the services of a software developer thus providing his domain knowledge to develop a Core Banking Financial (CBFI) solution for the co operatives society’s. This technology company catered to 850 cooperatives. Thus in mid nineties HCCS was also among the few cooperative societies that was able to scale its operations with the technological intervention from an outreach of 700 to 48,000 active members till date.

In the year 2003 through the Hindusthan Cooperative Credit Society he introduced microfinance services and ran it successfully. It is noteworthy to mention HCCS was the only credit cooperative society that had taken loan from a private bank. Later on as the microfinance sector began to get regulated, the microfinance division from the cooperative credit society was separated, thus making way for launching of Hindustan Microfinance Private Limited (HMPL) by registering it as an NBFC.





Mr. Satishkumar G. Rao - Director

Mr. Satishkumar Rao has been a career Banker with over 20 years of leadership expertise across marquee brands like Bank of Baroda, HDFC Bank, YES Bank and United Overseas Bank, Singapore. He has recently moved on to an Entrepreneurial role through which he works with & nurtures the ecosystems of 4 different Organizations - in the Human Resources, Microfinance, Rural Employment & Social Learning Domains.

Mr. Satishkumar Rao truly believes in the power of Entrepreneurship as a vehicle to influence and impact communities. It is this belief that has led him to assume an entrepreneurial role in critical domains that primarily impact the young, under banked and rural communities of our country.

In his corporate avatar, he has been the Head of Technology & Operations for United Overseas Bank, President & Country Head for Financial Markets Operations at YES BANK apart from being a part of the start-up team at HDFC Bank. As the President & Country Head for Financial Markets Operations at YES BANK, Mr. Satishkumar Rao was an active part of the Bank’s growth story and had led the Bank in various leadership roles for 9 years.

Mr. Satishkumar Rao is a post graduate from Narsee Monjee Institute of Management Studies with Masters in Financial Management and is considered to be one of the best leaders for Banking Operations in the country. He is also a visiting faculty as well as a speaker at various forums & loves mentoring and guiding young professionals through his expertise.





Mr. LB Prakash - Director

Mr L. B. Prakash currently is doing the assignment for Technical Assistance Programme of DFID titled Bihar Agriculture Growth and Reforms Initiative (BAGRI) with Price water house Coopers (PwC). He was working with the USAID’s Financial Access for Investing in the Development of Afghanistan (FAIDA) project in Afghanistan as Banking Capacity Team Leader. He has over two decades of experience in development sector in South Asia, especially in microfinance and livelihoods. Some of the key strategic areas where he has rendered his expertise are capacity building and mentoring, organizational development and management, financial review, institutional assessments and program evaluations. He is an expert in organizational development and management, local staff capacity development, community organizations and cooperative promotion.

His prior work experience includes providing technical support to MFIs in India (e.g. Arohan, BWDA), promotion and nurturing of community-based organization’s (cooperatives) of women and (men) farmers and working with government organization’s/departments like Rural Development, Registrar of Cooperatives, SERP (implementing the World Bank funded IKP/Velugu project), APRLP and DRDA.

In his consulting work, Mr. LB Prakash has handled major projects and assignments for many organizations including UNDP-UNOPS Myanmar, CGAP USA, Grameen Foundation USA, MISFA Afghanistan, Imp-Act Consortium, EDA India, M-CRIL India and MicroSave.





Mrs. Sujata Jadhav - Director

Mrs. Sujata Jadhav has prior experience of information technology business. She had joined as an intern in New Satara Cooperative Credit Society Limited and later on was actively involved in the capacity as a Director with HCCS. She has an excellent understanding about how the poor manage their lives and finances. This provoked her greater involvement in the organization during the launching years when she actively interacted with women groups and ensured HMPL services could benefit the society.







Mr. A. Ramanathan - Independent Director

Mr A. Ramanathan Ex Chief General Manager Micro Credit Innovations Department, National Bank for Agriculture and Rural Development [NABARD], Head Office, Mumbai He was also in-charge of the newly set up Financial Inclusion Department at NABARD He has a rich field experience of more than three decades in Management of Rural Financial Institutions/Micro Finance Institutions. He has Expertise in Training Need Assessment, Designing Training Programmes, Preparation of Course Materials and Directing Training Programs in the areas of Microfinance, Organizational Behavior, Organizational Development, Training of Trainers, Management of Training Centers, etc.







Mr. V. Nagaraja - Independent Director

He is 68 years old (as in Sept 2015), Post Graduate in Commerce and Business Management, retired Chief General Manager of Punjab National Bank. While at service he had exposure to various fields of Credit Administration, Credit and Operational Risk Management, Foreign Exchange, Inspection and Audit, Management of Regional Rural Banks and Merchant Banking. He had headed PNB Capital Services Ltd., a Merchant Banking and NBFC subsidiary of Punjab National Bank as its Managing Director for about four and a half years. He has been on the Committees / Working Groups constituted by the Reserve Bank of India and the Indian Banks' Association.







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