Indian Grameen Services PDF  | Print |  E-mail
Corporate identity number: U85320DL1987NPL027141

Indian Grameen Services (IGS) is a not-for-profit Company, registered under the Section 25 of the Companies Act. IGS was promoted by Professional Assistance for Development Action (PRADAN) in 1987, to extend a variety of commercial services, necessary for promoting livelihood opportunities for a large number of rural producers. During 1988-1995, IGS focused initially on identifying and developing livelihoods, then on provision of technical assistance and support services, and finally on providing marketing support.

Recognizing the limitations of a model in which rural producers were dependent on a reluctant and unfriendly banking system for start-up credit and working capital, and at the same time believing in the need to integrate technical assistance and support services with credit, IGS, during 1996-2000, got actively involved in the promotion of the BASIX group of companies, designed to provide financial services and technical assistance in an integrated manner, and on a commercially sustainable basis. Technical assistance and support services, wherever possible, could be extended in collaboration with various economic agencies operating in rural areas with their own areas of core competence. IGS focused its attention on identifying livelihood opportunities for rural producers in the areas of operation of BASIX and extending various technical assistance and support services necessary for these customers. From the experiences of this phase, IGS reaffirmed its belief that "credit is a necessary but not sufficient condition for livelihood promotion".

From 2001-onwards, IGS focused its attention on two parallel streams of work, first, strengthening the implementation capabilities of various institutions/agencies, including other companies of the BASIX group, various development organizations and community based organizations (CBOs); and second, continuing knowledge building on livelihood promotion by studying and documenting the livelihood promotion efforts of others, and constantly analyzing its own pilot action research.

With its experience over the years, it recognized the complexity of the task of supporting livelihoods, in the changing economic environment, with variety of services at multiple points along a sub-sector in collaboration with various parties, who provide services in their own self-interest. 

The overview of IGS initiatives are presented below:


For more information


India Development Gateway (InDG)


Board of Directors 

  • Dr. Sudha Nair - Chair & Independent Director

  • Dr. Sudha Nair Dr. Sudha Nair, Chair & Independent Director is a microbiologist and obtained her doctorate from the University of Madras in the year 1991. She has eighteen years of work experience in taking the benefits of Science & Technology for sustainable rural development and livelihoods and has played a significant role in policy formulations for women in Science, Engineering and Technology. She is currently a Senior Director and heads the J R D Ecotechnology Centre where she coordinates the activities of a multi-disciplinary team. She serves on various committees at the National (Department of Science &Technology, and Department of Biotechnology) and International (Member Executive Board Organization of Women Scientists for the Developing World, Advisory member of the Regional Office Asia Pacific Region, UNESCO and Member Gender Advisory Board, UNCSTD) to promote equality for Women in Science and in taking the benefits of Science to Women.

  • Mr. Vijay Rajaram Nadkarni - Independent Director

  • Mr Vijay Rajaram Nadkarni Mr Vijay Rajaram Nadkarni, Independent Director has worked for over three decades in banking and has worked in agricultural banking, finance to small scale industries, commercial banking, financing of international trade, housing finance as well as finance for livelihoods. Besides working with State Bank of India where he headed a region, he was worked as the Managing Director of Krishna Bhima Samruddhi Local Area Bank, the only bank in the country with a mission to provide financial services to the under-served and to provide livelihoods. He also has vast experience in the implementation of banking technology. He was the executive head of an alliance of voluntary organizations formed for promoting the credibility of the voluntary sector though promotion of norms of transparency and good governance. He has also volunteered for a large number of organizations and worked in tribal areas as well for disaster relief, conservation of environment etc. He is visiting faculty for the post graduate programme for development management conducted by the SP Jain Institute of Management and Research, Mumbai.

  • Dr. Sankar Datta - Independent Director

  • Dr. Sankar Datta Dr. Sankar Datta, Independent Director is currently Professor at Azim Premj University. Before taking up this responsibility he was the dean of the Livelihood school. Previously he was the Managing Director of Indian Grameen Services. He was in MP Oilseeds Coop Federation, PRADAN and IIM-Ahmedabad, before joining the faculty of the Institute of Rural Management, Anand (IRMA) for five years. Dr Datta has been involved in extending professional services for rural development activities, specially focusing on livelihood support/ promotion, working with micro-enterprises, for over two decades. Dr Datta is a Member of Working Group on Mahatma Gandhi National Rural Employment Guarantee Act constituted by Planning Commission (Rural Development Division) Task Force on Livelihoods and a Member in the Consortium for Management Training for NRLM. He is a member of the Advisory Council of Centre for Management in Agriculture, of IIM-Ahmedabad. He has a bachelor’s degree in Agriculture and Animal Husbandry and holds a post graduate diploma in Rural Management. He did his PhD in Economics from Sardar Patel University.

  • Mr. Hersh Haladker - Independent Director

  • Mr. Hersh Haladker Mr. Hersh Haladker, Independent Directorhas masters in Innovation Design from the Royal College of Art, London and Masters in innovation engineering from Imperial College, London. Hersh looked at innovation from three different aspects. He was awarded the design London fellowship for a joint MBA in innovation entrepreneurship in Imperial College, Business school. His work has involved innovations in products, services and processes. He has partnered with companies such Swarovski, Sharp, mc laren, Britannia, GMR group, Pepsi Cp., Marico etc., in the past. Positions currently held - Founder and director - instillmotion consulting pvt. ltd. - ; Head of innovation cell - spring.board - Symbiosis International University - ; Member Secretary - Research and Innovation council, Symbiosis International University.

  • Ms. Patricia Mukhim - Independent Director

  • Ms. Patricia Mukhim Ms. Patricia Mukhim, Independent Director is an Independent Director. She is an educationist, activist and journalist. She is currently editor of The Shillong Times, Meghalaya’s oldest English language daily and a columnist for The Telegraph and The Statesman. Patricia Mukhim is a member of the National Security Advisory Board and National Foundation for Communal Harmony, under the Ministry of Home Affairs, New Delhi. Patricia Mukhim was conferred the Padmashree in March 2000. Earlier in 1996, she received the Chameli Devi Jain Award for outstanding woman media person. In February 2008, Patricia received the excellence in journalism award. In January 2011 She was conferred the 2nd North East Excellence Award by The Indian Chamber of Commerce.

  • Ms. Swati Bhargava Desai - Additional Director

  • Ms Swati Bhargava Desai Ms. Swati Bhargava Desai, Additional Director holds degree M.A.(Economics) University of Bombay and LLB from University of Delhi. She has had an illustrious carrier of 35 years with State Bank Group with wide experience of serving the banks in varied verticals including credit, retail banking and international finance. During her long career in the Bank, she has held many challenging assignments. Her last assignment was with SBI Securities Limited as Managing Director. She has long experience in SBI's treasury and hence financial markets. She was Managing Director of the broking arm of SBI for four years. She oversaw reorganisation of the Company and revamped processes and policies to set stage for growth. State of the art technology was developed and introduced to make the Company's on line presence the finest in the industry.

  • Mr. Devarakonda Sattaiah - Additional Director

  • Mr. Devarakonda Sattaiah Mr. Devarakonda Sattaiah, Additional Director has over 24 years of experience including a tenure of 20 years with BASIX Group dealing with Microcredit and Micro Insurance Operations with nearly 2 million credit customers, USD 450 million in loans outstanding and over 3.8 million insurance covers. He has got track record of starting and expanding businesses. Managed the Human Resource function for the same company with over 8,000 people in hundreds of locations. Exposed to some of the best management education in the world at Indian Institute of Management (IIM), Ahmedabad and to all round leadership exposure that is unique to the BASIX Group. He comes with strong hold on operations process, mechanism, planning, tools and monitoring and mentoring practice. He served as Head of Human Resources (HR), Insurance Vertical, Chief Operating Officer (COO) and Director Strategic Products in Bhartiya Samruddhi Finance Limited. He comes with strong familiarity with the rural realities, dynamics and customer knowledge. He is a post graduate in Management with a bachelor degree in Maths, Physics and Chemistry from Osmania University, Hyderabad. He is the designated as Managing Director of Bhartiya Samruddhi Investments and Consulting Services Limited.

  • Mr. Arijit Dutta - Managing Director

  • Mr. Arijit Dutta Mr. Arijit Dutta, is the Managing Director of Indian Grameen Services. Arijit has over 25 years of experience in the development sector with reputed national and international organizations. Arijit’s key skills include programme design, implementation and evaluation, and analysis of policies and institutional strategies in rural livelihoods, institutional development, micro finance and natural resource management. Arijit has been instrumental in experimenting business correspondent model with various banks and technology service providers, as part of BASIX Group initiative on financial inclusion. The different experiments being tried out, which resulted in enhancing the understanding and the skill sets to make the model a viable and feasible instrument of increasing financial services outreach. Arijit has been exposed to both working with cutting edge workers as well as senior and policy level professionals and institutions. Arijit studied Agricultural sciences and also attended the international training program on microfinance organised by Boulder Institute. Arijit also spearheaded the team for Study and design of irrigation finance with special emphasis on small & marginal farmers; Promoting large networks of Soy Producers.


    Board Committees 

  • Project Committee
  • Human Resource Development committee( HRDC)
  • Audit Committee
  • Inclusive Finance Committee (formerly known as Banking Service Facilitation Committee)
  • India Innovation Incubation Fund ( formerly known as LAMP Fund)