Dr. U. S. Awasthi, Chairman

Dr. Awasthi is the Managing Director of Indian Farmers Fertilisers Cooperative Limited (IFFCO). Dr. Awasthi, a chemical engineer from prestigious Banaras Hindu University, is a world renowned professional and an authority in the global chemical fertiliser sector. With nearly 5 decades of experience, Dr. Awasthi has been instrumental in making IFFCO a global leader in fertiliser production. Under his leadership, IFFCO has made rapid strides on all fronts and has diversified into several sectors like General Insurance, Rural Telephony, Rural Retail, SEZ and Rural Finance amongst others.

He enjoys the unique distinction of serving private, public and cooperative sectors of the fertiliser industry in India. A hallmark of Dr. Awasthi’s tenure at the helm of IFFCO are the high levels of growth and excellent financial results.

Besides IFFCO, Dr. Awasthi serves on the boards of several Indian and global companies and has held several positions in various bodies. He was elected president of International Fertiliser Industry Association (IFA), during 1997-99, which is an organisation of 457 member companies from 80 countries. He was the first Asian to occupy the coveted position of IFA.

Dr. Awasthi, a recipient of several honours and awards for his outstanding contributions and achievements in the fertiliser industry and Indian agriculture has more than 25 papers to his credit and has co-authored a book ‘Fertiliser Industry in India’. In addition to professional interests, Dr. Awasthi is an avid follower of fine arts with special taste for paintings.

Mr. Rakesh Kapur, Director

Mr. Rakesh Kapur holds the position of Joint Managing Director in IFFCO. He has been extensively involved with all the new projects, acquisitions, joint ventures and diversification initiatives of IFFCO from their stage of inception. Mr. Kapur has a keen interest in adoption of ICT for the betterment of the lives of people living in rural India. He is also the Managing Director of IFFCO Kisan Sanchar Limited, and under his guidance, IFFCO Kisan has grown from a fledgling initiative to a sustainable venture.

Mr. Rakesh Kapur is an ex-IRS Officer of 1978 Batch, who held the rank of Commissioner of Income Tax in his parent cadre before he was absorbed in IFFCO in October 2005. He was awarded the “Best Probationer’s Silver Medal” in the IRS Batch by the National Academy of Direct Taxes, Nagpur. He has wide experience in finance, management, business strategy, accounts and taxation. He held various senior assignments in the Government of India, which included Joint Secretary (commercial), Telecom Regulatory Authority of India (TRAI); Director in the Ministry of Chemicals & Fertilizers, Department of Fertilizers; Additional Assessor & Collector, Municipal Corporation of Delhi apart from the postings in the Income Tax Department as Additional Commissioner of Income Tax, Deputy/Jt. Commissioner of Income Tax since 1978. He had also worked in the Technical Services Department of the Indian Oil Corporation Ltd. (Marketing Division) during 1975-78.

Mr. Kapur has travelled widely and participated in various national and international seminars and conferences, and presented papers on different subjects. He has been the Chairman of Fertilizer Association of India and also held the eminent position of being the Chairman of International Fertiliser Association (IFA).

Mr. Kapur holds B. Tech Degree in Mechanical Engineering (First Class with Distinction) from Indian Institute of Technology (IIT), New Delhi and a Post-Graduation in Management.

Mr. Sandeep Malhotra, Director

Mr. Sandeep Malhotra is the Chief Executive Officer of IFFCO Kisan Sanchar Ltd, a subsidiary of IFFCO promoted in 2007 with the mission of removing information hunger among farmers in India. He began his career with HCL and worked with Uptron, Siemens and ICICI Group before joining IFFCO Kisan.

Mr. Malhotra has more than 25 years of experience out of which 16 years were in the financial sector. During his tenure at ICICI Bank, he worked as a Project Finance Officer, financing a number of projects in manufacturing, services and infrastructure sector. He interacted extensively with government on the policy initiatives and regulatory aspects of various infrastructure sectors like power, telecom, rural roads and railways. His last position within the bank was General Manager, Corporate Banking – Northern Region. He has worked extensively with both corporate and public sector clients and was involved in a number of financing transactions across Asia, Europe and North America.

He has handled product segments like project finance, corporate loans, banking products like CMS/trade finance, treasure products, investment banking products on debt and equity side, structured products, M&A advisory and financing and private equity.

He has obtained Master’s degree in Management and Systems from Indian Institute of Technology, Delhi in the year 1994 and Bachelor’s degree in Electronics & Communication Engineering from REC, Kurukshetra. He did his High School from Model School, Rohtak. He is a Gold Medalist from MD University.

Mr. P. H. Ravikumar, Independent Director

Mr. P. H. Ravikumar is a banker and financial services sector professional with over 47 years of experience – 32 years in banking with Bank of India for 22 years and with ICICI Bank for about 10 years. He was a key member of the founding team of ICICI Bank, initially as Head of Treasury and later as Head of Corporate Banking of ICICI Bank. During this period he served as Senior General Manager with ICICI Ltd., the development financial Institution, as its Head of Corporate Banking for Western and Southern Indian business. Later he served for 5 years as the founding MD & CEO of NCDEX, the national commodity exchange. Thereafter for 4 years he served as the founding MD & CEO of Invent Asset Reconstruction Co. P Ltd., an asset reconstruction company regulated by RBI. In 2012 he Co-founded Vastu Housing Finance Corp. ltd., an affordable housing finance company and was its Chairman of the Board of Directors till July 2017.

Mr. P. H. Ravikumar is currently:

1) Chairman of Bharat Financial Inclusion Ltd. the largest micro finance lending entity in India. It is an NBFC – Microfinance entity regulated by RBI; The Company is a listed Company.

2) Chairman of NSE Data & Analytics International Ltd., a 100% subsidiary of NSE Ltd; the company is an unlisted Company, regulated by SEBI;

3) A member of the Board of Directors and Audit Committee of the Bharat Forge Ltd., the largest forging company in the world. Bharat Forge is a listed Company.

4) A member of the Board of Directors and Chairman of Audit Committee and Nomination Committee of Escorts Ltd. which is a listed Company.

5) A member of the Board of Directors and Audit Committee of Aditya Birla Capital Ltd. which is the holding company for the financial services businesses of the group and is regulated by RBI as a core-investment-company. The Company is a listed company.

6) A member of the Board of Directors and Risk Management Committee of UTI Retirement Solutions Ltd. which is a pension fund regulated by PFRDA. The Company is an unlisted Company with corpus of funds under management of about 50,000 crores, roughly USD. 7.0 billion;

7) A member of the Board of Directors and Chairman of Nomination and Remuneration Committee of the Board and a member of the Audit Committee of I G Petrochemicals Ltd which is a listed company.

8) A member of the Board of Directors of Vastu Housing Finance Corporation Ltd. and a member of its Nomination & Remuneration Committee and Audit Committee of the Company. The Company is an unlisted company and is in the affordable housing finance space, regulated by NHB.

9) A member of the Board of Directors of Aditya Birla Private Equity Advisors Ltd – one of the largest domestic private equity funds in India regulated by SEBI.

He was earlier on the Board of Directors of Federal Bank, Eveready Industries, L&T Mutual Fund, BOB Capital Markets Ltd and a few other companies.

He is the Chairman of India Advisory Council of Chartered Institute of Securities and Investment, U.K (CISI), a professional training body that is the largest training institute in its domain in the U.K. He is also a member of the Institute’s global Board of Directors at London, the first non European to be so appointed on the Board.

He is a commerce graduate and a certified associate of Indian Institute of Bankers, Mumbai and certified associate of Institute of Bankers, London and an Honorary fellow of Chartered Institute of Securities & Investments, London, and the first Indian to be so honored.

Mr. Srirang Athalye, Director

Mr. Srirang Athalye of “Aurum Ventures” grew up in Akola with cotton farming as one of the family activities and holds a Masters in Management Studies (MMS) from University of Mumbai specialising in Finance. He has over 31 years of Entrepreneurial, Industry & Consulting experience in various start-ups, M&A and financing activities. He has held various key positions in the Industry including CFO of a company listed on BSE.

He also was a key member in launch of first GSM operations outside Metros after which he launched an ISP company as a promoter. Mr. Srirang is passionate about Innovation and works on contrarian approach of “Within the Box thinking” by Systematic Inventive Thinking (SIT) for “Innovation on Demand”.

Mr. Srirang as Group CFO leads strategic initiatives of Aurum Ventures under the leadership of Mr. Ashish Deora.

Mr. Ranjan Sharma, Managing Director

Mr. Ranjan Sharma in addition to being the Managing Director of Kisan Rural Finance Limited, is also a Director on the Board of IFFCO Kisan Sanchar Limited. He has a rich experience in the Indian corporate Sector and has worked extensively in the rural domain. He has profound interest in exploring new concepts and innovative ideas for the development of the country, in particular rural India. He played a key role in formation of Kisan Rural Finance Limited and is also one of the founders of IFFCO Kisan Sanchar Limited.

Mr. Sharma conceptualized the idea of floating an NBFC to exclusively service the customers in the deepest rural pockets of India, where farmers predominantly rely on moneylenders thus denying them access to fair and transparent means of finance.

Mr. Sharma has varied experience in the Indian corporate sector spanning over 40 years. He has worked with traditional Indian business houses as well as multinational companies and remained employed in the fertilizer sector for nearly 22 years. His major accomplishments include implementation of mega sized projects, putting together management teams and financial structures for these ventures and setting up systems for running the businesses. He concluded more than a dozen international collaborations during his working career. He has exposure in dealing with top level government functionaries in central as well state governments in agriculture.

After becoming an entrepreneur in 2006, he floated an NBFC under the name and style of Star Global Resources Ltd which invests in diversified businesses after evaluating their long term business potential. Star Global is a shareholder in both IFFCO Kisan and Kisan Rural Finance.

Mr. Sharma is a Cost Accountant, Company Secretary and law graduate by qualification.

Mr. Atul Kalepatil , National Sales Head

Mr. Kalepatil has 12 years of rich experience in the financial sector both in secured as well as unsecured loans segments. He has in- depth understanding of all the aspects of business though key areas include executive leadership, strategic planning & execution, sales & marketing & profitability management.

Before joining Kisan Rural Finance Limited, he played pivotal role in setting up tractor business, specially used tractor’s business during his 5.5 years stint with TVS Credit., prior to which he had worked with HDFC Bank for over 5 years.

Mr. Kalepatil is a Post Graduate in Management from Prin. L. N. Welingkar Institute of Management, Mumbai University and he had completed B. tech from Dr. B.A.T.U., Lonere- Raigad.

Mr. Rakesh Dhasmana, Chief Financial Officer

Mr. Dhasmana has over 20 years of well-rounded breadth of work experience in various industries in India and abroad. He began his career in the Industry with Indian Farmers Fertiliser Cooperative Limited (IFFCO) in 1999 and worked in various capacities in Finance & Accounts function and was part of various key projects. He has worked in IFFCO’s JV/Subsidiary in Egypt and U.A.E and then worked in IFFCO Tokio General Insurance as Dy.CFO and IFFCO Kisan Sanchar as CFO before joining Kisan Rural Finance Ltd. While in IFFCO Kisan, he played an important role in the activities pertaining to the promotion of Kisan Rural Finance Ltd.

A strong supporter of robust processes, good workplace relations, consensus building and collaborative working, Mr. Dhasmana is a commerce graduate from Delhi University and qualified as a Chartered Accountant (C.A.) in the year 1999.

Mr. Dhiraj Gupta, National Credit Manager

Mr. Dhiraj Gupta has an experience of more than 12 years, in depth knowledge of rural finance domain and has worked across NBFC and BFSI sectors in organizations like TVS Credit Services, Axis Bank, HDFC Bank and State Bank of India before joining Kisan Rural Finance Ltd. He has profound expertise in product management, credit analysis, IT platform development for rural finance, business development, and team management.

In his previous assignment as Regional Credit Manager at TVS Credit Services Ltd he was responsible for entire rural credit and risk management of Rajasthan. He has won several accolades including famed ICON award for best employee in pan India under category of innovation in rural credit. He has also been Instrumental in successful launching of many projects which helped in establishing tractor finance business in Rajasthan with continuous growth in new and used tractor segment.

Mr. Gupta is a Graduate in Veterinary Science from Rajasthan Agricultural University and JAIIB from Indian Institute of Bankers.

Mr. Vijayandranath Banerjee, National Head Operations 

Mr. Banerjee is a resolute and committed professional having experience of 13 years of Product Diversified Skills in end-to-end customer lifecycle for retail asset lending in rural markets, mortgage lending, auto & two wheeler lending & consumer durables lending.

Mr. Banerjee is experienced in managing and re-engineering the centralized processing centre including process and risk mapping with front end operations, end to end customer lifecycle (from mortgage/lending origination, credit investigation, loan servicing and termination, KYC and other regulatory compliances, designing & monitoring the record management (physical and in digitized formats).

He comes from a background of diversified entities like ICICI, CITI, HDFC & SREI. His previous stint was as Regional Head Operations for North Zone in Srei Equipment Finance Ltd.

He is a star performing professional with experience in business process re-engineering, mapping of business processes to SOP, quality monitoring, new system development and handling improvement projects. He has hands on knowledge of all leading applications like Finnacle (LOS and LMS), Newgen Omniflow (Origination & Collection), Omnidocs, Sungard LMS (Ambit) and CRM.