| BASIX Sub-K | | Print | |
|
BASIX Sub-K iTransactions Ltd (SUB-K) is an initiative to provide the financial services including Savings, Micro-Pensions, Micro-insurance, NREGA and other Government payments, Money Transfer, Micro-Credit, Utility Payments, Travel Reservations and Mobile Top-ups through a Business Correspondent model thus enabling Financial Inclusion which is the vision for our developing country. Increasing demand for basic financial services amongst all social classes, need to include the financially excluded and rapid adoption of Mobile technology among masses, have acted as a catalyst to enable ‘Sub-k’. Board of Directors:
 Mr. Vijay Mahajan is the Founder and Chairman of the BASIX Group. Vijay is a distinguished alumnus of both the Indian Institute of Technology, Delhi (1970-75) and the Indian Institute of Management, Ahmedabad (1979-81) and was a mid-career fellow at the Woodrow Wilson School of Public International Affairs, Princeton University, USA. Vijay co-founded Professional Assistance for Development Action (PRADAN) in 1983, Sa-Dhan in 1998, Andhra Pradesh Mahila Abhivrudhi Society (APMAS) in 2000 and Microfinance Institutions Network (MFIN) in 2009. In 1995, Vijay conceptualised BASIX as a “new generation livelihood promotion institution” and it was set up in mid 1996. Vijay served on the Rangarajan Committee on Financial Inclusion and the Raghuram Rajan Committee on Financial Sector Reforms. Vijay co-authored a book “The Forgotten Sector” and has written over 75 articles. Vijay serves on the Boards of major Indian development organisations and has been a member of various committees set up by Government and Regulatory institutions. Vijay is the Chair of the Consultative Group to Assist the Poor (CGAP), a global microfinance forum, comprising nearly 40 bilateral, multilateral and foundations in development.
Close Mr Amit Mehta, was the co-founder of Bartronics India Limited and was with them for 14 years and has held various positions in Tata Consultancy Services, where Amit was the head of sales and marketing for the VAS and mobility solutions and also responsible for sales of RFID based solutions globally. Amit was an intrapreneur in Danlaw Technologies where he founded the Intelligent Security Solutions Group. Amit is also an active member of the Plastic & Rubber Institute as well as the AIDC and Mobile Monday Group. Amit has done his Post Graduate Degree in Business Information Technology Systems from University of Strathclyde Glasgow, and a Post Graduate Diploma in Management Studies from University of Teesside. Amit is currently functioning as the Managing Director of BASIX Sub-K iTransactions Limited.
Close Mr Mahesh Kanumury has over 20 years of operating, consulting and venture capital experience. Mahesh has an MBA from Harvard Business School, an MS in Engineering from Purdue University and BS in Engineering from Indian Institute of Technology, Chennai. Mahesh is currently the Managing Director and Founder of Arivali Partners where he provides advisory and investment services to a number of social enterprises. Mahesh was a General Partner at a $260M early stage venture capital fund based out of the Silicon Valley where he invested and successfully nurtured the growth and exit of technology companies. Mahesh also worked at McKinsey in the US where he led a number of high-impact initiatives at the CXO level. Prior to McKinsey, Mahesh worked at Schlumberger Technologies and Research where he led large scale software development efforts.
Close Ms Geeta Dutta Goel holds Bachelor’s Degree from Lady Shri Ram College, Delhi and an MBA from the Indian Institute of Management of Ahmedabad. Ms Goel manages the Michael and Susan Dell Foundation (MSDF) microfinance initiative in India, which includes a portfolio of over 20 microfinance and related institutions. As part of her role, she has served on the Boards of some pioneering and leading urban microfinance institutions, such as Ujjivan, Janalakshmi, Swadhaar. Prior to joining the MSDF, she spent over 12 years with the Corporate Finance Group of PricewaterhouseCoopers in India, where she advised large Indian and multi-national clients on joint ventures, mergers and acquisitions, business plans and valuations. Ms Goel was appointed as the Nominee Director of the Company on behalf o MSDF on November 21, 2011.
Close Mr. PA Kalyanasundar has over 35 years of rich experience in the banking industry. Mr Kalyanasundar was with Bank of India from 1975 and retired as General Manager - IT in November, 2010. In a banking career spanning 35 years, Mr Kalyanasundar has held Senior Management positions for over 16 years. Mr Kalyanasundar has rich firsthand experience of Rural banking, as also implementation of Financial Inclusion solutions in the Bank. Apart from core competencies in banking areas, his experience spans key functions such as IT implementation programmes, implementing an enterprise-wide Core Banking Solution across 3000 branches of the Bank. Mr Kalyanasundar has also implemented similar system for the bank’s branches overseas. Mr Kalyanasundar has won several honors and awards - CIO 100 Bold IT leader award for four years and entered the Hall of Fame; CTO forum Hall of Fame award; CIO 50 powerlist award (DataQuest). Mr Kalayanasundar is a Post graduate in Mathematics, an Associate of the Indian Institute of Bankers. Apart from a Diploma in Cyber law he also holds a Certificate in Corporate Governance in Enterprise I T (CGEIT) from ISACA. Mr Kalyanasundar has been appointed as the Additional Director of the Company with effect from March 26, 2012. He has also served as a Director of National Payments Corporation of India (NPCI).
Close Mr. Devarakonda Sattaiah is the Director. He started his career as a Technical Assistant before joining BASIX. He joined BASIX as an Field Executive and rose to the position of Director, Operations, BSFL. His contributions to BASIX began with initiating micro-credit operations, beginning micro-insurance operations and setting up Corporate Human Resource Department in BASIX. He was instrumental in effecting key long-standing collaborations with insurance companies influencing them to make substantial changes in policy to adapt to the rural micro-insurance customers needs.
CloseCurrent Year's Financials Previous Year's Financials For more details, please click on www.subk.co.in |