About us

The Company


Centrum Microcredit Limited is a regulated Non-Banking Financial Company (NBFC) – MFI. We provide micro credit and other relevant financial services to the un-served and under-served women in urban, semi-urban and rural areas. Our aim is to create positive social and economic impact in the lives of low-income households.

The Board of Directors


The Board of Directors Mr. Rishad Byramjee

Mr. Rishad Byramjee

Mr. Byramjee is the Managing Director of the Casby Logistics Group of Companies since 2003. Established in 1857, the company is a market leader in stevedoring activities in India.  Prior to taking on his current post, Rishad was actively involved in the Operations of the family business. In 2002 he gained a Master of Science degree with a specialization in Logistics and Supply Chain from the UK.

Under his leadership, the company expanded its Logistics operations from a regional scale to a pan-India scale within the business verticals of Air, Sea, Surface, and Rail Cargo movement. Rishad’s contemporary management style combined with the family values on which the company was built has influenced steady growth in the face of adversity and global slowdowns.

He leads the diversification and expansion program at Casby and has successfully initiated new businesses such as Solution Design, Warehousing, and Refrigerated. He is also involved in the growth of the other Group offerings that include Construction & Real Estate Development, Digital Security & Surveillance, telecommunications, and Software Development.

The Board of Directors Mr. Subhash Kutte

Mr. Subhash Kutte

Mr. Subhash Kutte has been a Banker throughout his life. He had joined Ratnakar Bank in June 1980 and served the bank for thirty-four years, initially in an executive capacity across various departments, including MD & CEO, and in the last four years as its non-executive Chairman. He retired as the Chairman of Ratnakar Bank Ltd. in the year 2014. He is presently working as a “Senior Advisor” for the said Bank.

During his stewardship, the Bank has overcome enormous challenges, which included the raising of capital funds to the tune of 300 crores. He has experience of four decades in the field of banking. He holds a bachelor’s degree in commerce. Mr. Kutte is also a Director on the Board of Ghatge Patil Industries Ltd. since the year 2014.

The Board of Directors Mr. Suresh Krishna Kodihalli

Mr. Suresh Krishna Kodihalli

Social Entrepreneur, Qualifications: Master in Sociology, Management Programme for Entrepreneurship and Family Businesses (MPEFB) – From IIMB Mr. Suresh K. Krishna has a Master’s degree in Sociology and a Management Programme for Entrepreneurship and Family Businesses (MPEFB) from the Indian Institute of Management, Bangalore. He was at the helm of activities at Grameen Koota Financial Services Pvt. Ltd. as Managing Director since its inception in 1999. He has a background in teaching and entered the field of development in 1997.

The Board of Directors Ms. Deepa Poncha

Ms. Deepa Poncha

A senior Human Resource professional with over 29 years of diverse work experience across a breadth of functions within the Human Resources field, Deepa has held HR Leadership positions across leading domestic and International Companies. In her past stints, she has been associated with companies like P&O Nedlloyd India (Ltd) and Tata Housing Development Company Ltd.

She has completed her Masters in Management Studies from Sydenham Institute of Management.

She developed and implemented processes & programs to support growth & transition within organizations & Groups.

She joined Centrum Group in 2006 and is currently serving as Group Head – Human Resources. She is responsible for Group-wide strategic Human Resource initiatives, developing sustainable workplace capabilities, and driving a motivational culture to enhance productivity and deliver desired outcomes. In addition, she also oversees the areas of talent management, managing for performance and leadership development across the Group.

The Board of Directors Mr.Ranjan Ghosh

Mr.Ranjan Ghosh

Ranjan has close to 25 years of rich experience in the Banking & Financial Service Industry. He brings a wide array of professional and industry contacts, a deep understanding of Risk Management and Financial Markets, and international best practices in Governance, Human Resources, etc.

Ranjan joins us from Standard Chartered Bank where he was the Global Head of Commercial Banks, Securities & Asset Financing sector, and was responsible for the P&L of the bank’s Wholesale Banking franchise. He has held several Senior Management roles in Standard Chartered in India and Singapore. He was also associated with HSBC and CRISIL.

Ranjan has done his Masters of Business Administration from The University of Northern Iowa – USA and Bachelor of Electrical Engineering from Jadavpur University, Kolkata.

The Board of Directors Mr.Prashant Thakker

Mr.Prashant Thakker

Prashant has over two decades of experience in the Financial Inclusion and Impact Investing sector. He was with Standard Chartered Bank for 18 years, where among other roles he was the Global Business Head for Micro Finance.  He led a number of strategic transformation projects for the bank. Prashant is a Wharton Fellow, holds a PGDBM in Finance from SIMSR.

He was recently elected to the Governing board of Microfinance Institutions Network (MFIN).

Leadership Team


Leadership Team, Mr. Prashant Thakker – Executive Director & CEO

Mr. Prashant Thakker – Executive Director & CEO

Prashant has over two decades of experience in the Financial Inclusion and Impact Investing sector. He was with Standard Chartered Bank for 18 years, where among other roles he was the Global Business Head for Micro Finance.  He led a number of strategic transformation projects for the bank. Prashant is a Wharton Fellow, holds a PGDBM in Finance from SIMSR.

He was recently elected to the Governing board of Microfinance Institutions Network (MFIN).

Leadership Team, Mr. Praveen Saha – Chief Operating Officer

Mr. Praveen Saha – Chief Operating Officer

Praveen brings over 17 years of experience in the Financial Services and Microfinance Industry. Before CMPL, he has worked with FirstRand Bank, Janalakshmi, ICICI Bank, and GE Money. His last assignment was with FirstRand Bank as Micro-Lending Head where he was instrumental in setting up the Financial inclusion vertical of the bank. Praveen is a Mechanical Engineering from M.Visvesvaraya Institute of Technology, Banglore, and has done Executive Programme in Business Management (EPBM) from IIM Calcutta.

Leadership Team, Mr. Hariharan Iyer – SVP – Risk and Strategic Initiatives

Mr. Hariharan Iyer – SVP – Risk and Strategic Initiatives

Hariharan has joined us from Centrum Financial Services Ltd, where he was the Business Head – Financial Intermediaries for over 4 years.
He has close to 19 years of experience in the fields of Rural Development, Microfinance and Banking.
Besides Financial Institutions including YES Bank and ICICI Bank; he has also worked with Rural Development Institutions such as NDDB and PRADAN.
He received his post-graduation degree from (IRMA) Institute of Rural Management, Anand.
He has joined CML as Head – Risk and Strategic Initiatives; and will be responsible for the Credit Risk function, Compliance, Legal, Secretarial & Strategic Initiatives.

Leadership Team, Mr. Asit Hemani – SVP – Finance & Accounts

Mr. Asit Hemani – SVP – Finance & Accounts

Asit comes with over 20 years of work experience in Corporate Finance. 

His areas of expertise include Corporate Finance, Financial Modelling and Valuation, Financial Planning, IGAAP & IFRS Reporting and Audits, Budgeting and Forecasting, and Tax Compliances. 

In his past stints he has worked with companies like Tata Steel, IDFC Limited, Edelweiss Group, Avendus Capital & UniDel Group. 

Asit is a Chartered Accountant. He did his Diploma in IFRS (ACCA, UK) and he has done his Advanced Valuation from NYU, Stern School of Business with High Honors.

Leadership Team, Mr. Rabhir Sainani – VP – Human Resources

Mr. Rabhir Sainani – VP – Human Resources

Rabhir has over 13+ years of experience in Human Resources Management. His expertise lies in Resourcing, Talent Development, Compensation & Benefits, Employee Engagement & Rewards.  In his previous assignment, he has worked with DCB Bank, TLG India & Spanco Respondez. He is a Thomas International certified PPA Trainer.

Leadership Team, Ms. Parul Parmar  – VP – Technology

Ms. Parul Parmar – VP – Technology

Parul has joined us from Fullerton India Credit Company, where she was the Assistant Vice President – Technology for over 4 years.

Parul has close to 13 years of experience in Microfinance, Banking, Electronic Payment,
E-commerce and Telecommunication sectors.

She received her post-graduation degree from GISMA Business School, Germany.

Leadership Team, Mr. Nikhil Khandke – AVP – Operations

Mr. Nikhil Khandke – AVP – Operations

Nikhil has 13 years of experience in Banking, Financial and Microfinance Industry. Prior to this he has worked with FirstRand Bank, Indusind bank and HSBC. He joined Centrum in 2017. In his previous role he was responsible for setting up operation platform for FirstRand Bank Ltd. Nikhil is a CAIIB and JAIIB and has also completed his MBA finance from NMIMS.”

Leadership Team, Mr. Ritesh Prajapati – AVP – Treasury & Planning

Mr. Ritesh Prajapati – AVP – Treasury & Planning

Ritesh has 10 years of experience in the Financial services largely with Fund Raising, Relationship management, Budgeting, etc. In his previous assignment, he has worked with Satin Credit Care Network Ltd and Light Microfinance. He has completed his Masters with a specialization in Finance from ITM Navi Mumbai.

Leadership Team, Mr. Om Shankar Dubey – AVP – Internal Audit & Training

Mr. Om Shankar Dubey – AVP – Internal Audit & Training

Om comes with 20 Years of experience in Sales, Audit and Training. In his previous assignment, he was associated with SV Creditline as Head Human Resources & Training. He has also worked with renowned microfinance companies like Janalakshmi Financial Services & Mimo Finance. He has completed his PGDBM from Purvanchal University.

About The Group


The Centrum Group, led by Chandir Gidwani and Jaspal Bindra is an integrated domestic financial services conglomerate with over two decades of experience in the financial markets across various cycles. In the institutional space, it has expertise across Equity & Debt spectrum with capabilities in Equity Capital Markets, M&A Advisory, Corporate Finance & Advisory, Primary & Secondary Debt Placement, Project Finance, Corporate Debt Restructuring and SME Finance.

Its retail arm provides integrated solutions for Private Wealth Management, Stock Broking, Insurance, Housing Finance and Micro Finance.

Its Investment Management vertical offers a broad spectrum of alternative investments that includes hedge funds, managed account solutions, private equity, credit, and real estate which are all organized under Centrum Investments Group. (centrum.co.in)

Financial Partners:


Non-Financial Partners