CreditAccess Grameen Limited Announces New Appointments, Effective April 1, 2019
March 11, 2019 at 12:18 pm
Share
CreditAccess Grameen Limited has recruited Mr. Venkatesh Prasad as Chief Operating Officer (COO) and Mr. Sundaram Arumugam as the New Business & Innovation Head of the Company. Both Mr. Prasad and Mr. Sundaram will be joining the Company effective April 1, 2019. Mr. Prasad has experience of over 25 years and handled various senior positions like Chief Financial Officer, Chief Executive Officer, Executive Director and Strategic Management Consultant. As COO, he will have responsibility towards business operations, manpower management, operation quality, technology to support business and general administration to manage all infrastructure. Mr. Sundaram has over 15 years of experience starting from Infosys, Key founding team member of Equifax Credit Bureau in India and experienced in various product development in technology and innovation. He will lead the new business innovations in the Company, to ensure the Company be ahead in the innovation journey.
CreditAccess Grameen Limited is an India-based microfinance company focused on providing micro-loans to women customers predominantly in rural areas. The Company operates in approximately 353 districts in 14 states and one union territory in India through 1,826 branches. The Company operates in a single business segment that is lending to members. Its microfinance group lending products include income generation loan, home improvement loan, family welfare loan and emergency loan. The Company's microfinance individual lending product is Unnati loan. Its retail finance products include grameen vikas loan, grameen two-wheeler loan, gruha vikas loan and grameen swarna loan. The Company's distributor products include grameen suraksha, life insurance and national pension scheme (NPS) - Swavalamban. It has tied up with various insurance service providers, including HDFC Life and Kotak Life to provide insurance coverage to customers and spouse/co-borrowers (applicable for retail finance).