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 Anujeet Varadkar Industry Member, CEO - Svatantra Microfin Pvt Ltd.
Mr Sadaf Sayeed Industry Member, CEO - Muthoot Microfin Pvt 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 Board Member, Former Executive Director, Reserve Bank of India
Mr Devesh Sachdev Industry Member, MD & CEO - Fusion Microfinance Pvt. Ltd
Mr Vineet Chattree Industry Member, Director - Svatantra Microfin Pvt. Ltd
Mr. Manoj Kumar Sharma Independent Member, Director - MicroSave Consulting
Mr. Arnab Roy Independent Member, Former Principal CGM and Regional Director - Reserve Bank of India
Dr Alok Misra CEO & Director, MFIN
Ms Sugandh Saxena Member Secretary
  • Mr. Manoj Kumar Nambiar

    MD, Arohan Financial Services Ltd.

  • Mr. Devesh Sachdev

    MD & CEO, Fusion Microfinance Pvt. Ltd.

  • Mr. Dibyajyoti Pattanaik

    Annapurna Finance Pvt. Ltd.

  • Mr. Vineet Chattree

    Svatantra Microfin Pvt. Ltd.

  • Mr. Gyan Mohan

    Director & CEO
    Adi Chitragupta Finance Ltd.

  • Mr. Vivek Tiwari

    MD & CEO
    Satya MicroCapital Ltd.

  • Mr. Prashant Thakker

    ED & CEO
    Centrum Microcredit.

  • 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 Manoj Nambiar (Chair) MD, Arohan Financial Services Ltd.
Mr Devesh Sachdev MD& CEO, Fusion Microfinance Pvt. Ltd.
Mr Vineet Chattree Director, Svatantra Microfin Pvt. Ltd.
Dr Alok Misra CEO & Director, MFIN
Mr. Swetan Sagar Member Secretary

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 Vineet Chattree (Chair) Director, Svatantra Microfin Pvt. Ltd.
Mr Gyan Mohan Director & CEO, Adi Chitragupta Finance Ltd.
Mr Kiran Kumar G Director and CEO, Svamaan Financial Services Pvt. Ltd.
Mr Malkit Didyala Co-Founder & CEO, Sindhuja Microcredit Pvt. Ltd.
Mr Neeraj Sati VP & Product Head, RBL Bank
Mr Prashant Thakker ED & CEO, Centrum Microcredit Ltd.
Mr Rahul Kotabage DVP, Business Intelligence & Analytics, Suryoday Small Finance Bank
Mr Sundar Arumugam Head, New Business & Innovation, CreditAccess Asia
Ms. Sugandh Saxena Member Secretary

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