Dr. Alok Misra

CEO & Director - MFIN

Dr. Alok Misra has 28 years of professional experience in international development, rural finance, microfinance, inclusive finance and research at both policy and implementation level. He started his career with India's apex rural development bank (NABARD) in 1992 wherein his work spanned financial sector supervision, institutional development, microfinance, agricultural/rural finance and rural livelihoods/MSME finance. He was also a part of the multi institutional task force (2003-2004) responsible for setting up India's first online demutualized commodities exchange (NCDEX).

In 2008, he shifted to a global microfinance rating, policy analysis and technical advisory agency. Last five years, Dr. Misra was Professor and Chairperson, School of Public Policy & Governance at Management Development Institute (MDI), Gurgaon. He has served as a board member of MFIN, Vaya Finserv and member of NABARD's strategic group on microfinance.

He is a member of Inclusive Finance India Group of Advisors, member of Digital finance working group constituted by ITU, Geneva. Dr. Misra is closely associated with international initiatives like SPTF and Smart Campaign. He has written numerous articles and reports and for last two years authored "Inclusive Finance India report".

Dr. Alok Misra holds a PhD in Development Studies from Victoria University of Wellington, Master in Development Management (Gold Medallist) from Asian Institute of Management, Manila. He was awarded ADB-Government of Japan scholarship for MDM programme and NZAID scholarship for his PhD. He has been trained at Harvard Business School in "Strategic leadership for Microfinance" and was a Fellow, Fletcher Leadership Program for Financial Inclusion at Tufts University.

The Enforcement Committee (EC) primarily handles issues of non-compliances and grievances arising from customers requiring redressal. EC members are as under :

Name Particulars
Mr. Arnab Roy (Chair) Independent Member, Former Principal CGM and Regional Director - Reserve Bank of India
Ms. Veena Mankar Independent Member, Founder and Chairperson - Swadhaar FinAccess
Mr. Nitya Kishore Sahu Independent Member, Former CGM - Reserve Bank of India
Mr. Jugal Kataria Industry Member, Group Controller – Satin Creditcare Network Ltd.
Mr. Tarun Mehndiratta Industry Member, COO – Fusion Micro Finance Ltd.
Ms Sugandh Saxena Non-voting ex-officio Member, Head - Self-regulation & Compliance Officer - MFIN
Sheetal Prasad Member Secretary

The SROC provides oversight and direction to all the SRO functions and acts as the appellate body for EC decisions.SROC members are as under:

Name Representative Organization
Dr Aruna Sharma, Chair Independent Member, Indian Administrative Service Officer (Retd.)
Mr Sudarshan Sen Independent Member, Former Executive Director - Reserve Bank of India
Mr Manoj Kumar Sharma Independent Member, Managing Director - Microsave Consulting
Mr Devesh Sachdev Industry Member, MD & CEO - Fusion Micro Finance Ltd.
Mr Vivek Tiwari Industry Member, MD & CEO - Satya MicroCapital Ltd.
Dr Alok Misra CEO & Director, MFIN
Ms Sugandh Saxena Member Secretary
  • Mr. Devesh Sachdev

    MD & CEO, Fusion Micro Finance Ltd.

  • Mr. Vivek Tiwari

    MD & CEO, Satya MicroCapital Ltd.

  • Mr. Gyan Mohan

    Director & CEO
    Adi Chitragupta Finance Ltd.

  • Mr. Dibyajyoti Pattanaik

    Annapurna Finance Pvt. Ltd.

  • Mr. Udaya Kumar Hebbar

    MD & CEO,
    CreditAccess Grameen Ltd.

  • Mr. Amardeep Singh Samra

    MD and CEO,
    Midland Microfin Ltd

  • Mr. Harish Venkata Raghu

    Co-Founder, MD & CEO,
    SaGgraha Management Services

  • Dr. Aruna Limaye Sharma

    Indian Administrative Service Officer (Retd.)

  • Mr. Sudarshan Sen

    Former Executive Director at Reserve Bank of India

  • Dr. Harsh Kumar Bhanwala

    Former Chairman, NABARD

MFIN has three Board Committees.

  • Nominations & Renumeration Committee
  • Audit Committee
  • Associates Committee

The Task Force on Advocacy & PR is responsible for steering and guiding the advocacy agenda within MFIN. It supports the Secretariat in drafting policy notes to various stakeholders including RBI, MoF and other Central & State Governments. The Task Force engages with key policy makers and sector participants to create a conducive policy and business environment for the industry. The composition of the Task Force is as under

Name Representative Organization
Mr Devesh Sachdev (Chair) MD & CEO - Fusion Micro Finance Ltd.
Mr Udaya Kumar Hebbar MD & CEO - CreditAccess Grameen Ltd.
Mr Prashant Thakker ED & CEO - Centrum Microcredit Ltd.
Dr Alok Misra CEO & Director, MFIN

The Task Force on Credit Bureau is responsible for strengthening the credit bureau ecosystem for the microfinance clients in the country. The composition of the Task Force is as under:

Name Representative Organization
Mr Vivek Tiwari (Chair) MD & CEO - Satya MicroCapital Ltd.
Mr Gyan Mohan Director & CEO - Adi Chitragupta Finance Ltd.
Mr Ranjan Das Chief Risk Officer - Arohan Financial Services Ltd.
Mr Gunjan Grover Chief Operations Officer - RBL FinServe
Mr Vineet Chattree Director - Svatantra Microfin Pvt. Ltd.
Mr Rakesh Kumar CEO & ED - Light Microfinance Pvt. Ltd.
Mr Amardeep Singh Samra MD and CEO - Midland Microfin Ltd
Mr Sadaf Sayeed CEO - Muthoot Microfin Ltd.
Ms Sugandh Saxena Member Secretary

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