About Us
Navachetana Foundation (NCF) is a pioneering non-profit organisation registered under the Karnataka State Societies Registration Act. Established in 1999 and headquartered in Haveri, Karnataka, NCF was founded by a group of passionate young entrepreneurs committed to driving economic development and improving livelihoods for women in Haveri and neighbouring villages.
Initially, NCF focused on promoting sustainable natural resource management through watershed development and tank rehabilitation projects in rural areas. These initiatives aimed to enhance community-owned resources and involved active participation from local communities. In 2005, NCF expanded its scope to address the financial needs of women who lacked access to credit from mainstream commercial banks. In April 2006, NCF disbursed its first loan, marking the beginning of its microfinance operations. Navachetana Microfin Services Private Limited (NMSPL) was established in May 2009 to streamline these operations.
Since its inception, NCF and NMSPL have made a significant impact, with over 70,000 women benefiting from our services and achieving a remarkable 100% repayment rate. We are dedicated to empowering women by providing them with financial support and fostering entrepreneurship.
Navachetana Microfin Services Private Limited (NMSPL) is a registered non-deposit accepting Non-Banking Finance Company- Micro Finance Institution (NBFC-MFI) recognised by the Reserve Bank of India. The organisation specialises in extending micro-loans to economically disadvantaged women excluded from mainstream banking services along with other financial inclusion services and products.
The micro-enterprises that emerge as a result of NMSPL’s financial support not only improve the livelihoods of the borrowers but also positively impact the lives of their families. NMSPL is committed to creating a conducive environment for financial inclusion among the economically marginalised. The vision of NMSPL is to contribute to a country where every individual has access to income-generating opportunities, ensuring the ability to provide necessities for their families and elevate their quality of life.
Part
Total
No. of States
6
No. of Districts
37
No. of Branches
87
No. of Active Loans
2,02,915
No. of Active Borrowers
1,94,021
Total AUM
683.39 Cr
* As on 31/10/2024
Mission
Our mission is to provide microfinance solutions to economically backward women and their families, enabling effective poverty alleviation and promoting financial inclusion for all.
Vision
We envision a society where every family is empowered to fulfil their basic needs of food, health, clothing, shelter, and education. Through the power of microfinance, we enable economic engagement, paving the way for a brighter and more sustainable future.
Mr Nagendra V Mali
Chairman & Managing Director
Mr Nagendra V Mali is the Founder & Managing Director of Navachetana Microfin Services Private Limited (NMSPL). With a Science degree and Journalism diploma from Karnataka University, he established the Navachetana Foundation (NCF) in 1999 to serve the underprivileged and promote rural development. Recognising the power of microfinance, he founded NMSPL in 2005, leveraging his 24 years of experience in financial services and socio-economic development. His visionary leadership drives positive change, empowers communities, and advances education, profoundly impacting the lives of the underprivileged.
Mrs Chandrakala Mali
Director
Mrs Chandrakala Mali, an Arts graduate from Karnataka University, Dharwad, is a dedicated social entrepreneur with a strong focus on education. With experience as a Teacher and Administrative Officer at Karnataka Public School, she brings valuable insights from the education sector. Her voluntary work in public schools highlights her commitment to enhancing children’s skills and education. As the Managing Director of Chetana Chit Haveri Pvt Ltd and a Non-Executive Director, she actively contributes to the developmental initiatives of Navachetana Foundation. Mrs. Chandrakala Mali’s contributions bring about positive transformation in rural women’s and children’s lives, leaving a lasting impact on their communities.
Mr Ullas Kooli
Non-Executive Director and nominee of NEHPL
Mr Ullas Kooli, a Non-Executive Director and nominee of NEHPL is a mechanical engineer by profession with over 15 years of experience in IT and Financial Services. He has worked in leading multinational companies across the world, building business relationships with banks and driving successful IT implementations. With a people-oriented nature, he actively engages in sports and CSR activities. Ullas brings valuable expertise and diverse experiences to Navachetana, making significant contributions in various capacities.
Mr R.D Gadiyappanavar
Independent Director
Mr R.D Gadiyappanavar is a postgraduate in Agriculture Science from the University of Agricultural Sciences (UAS), Bangalore and CAIIB- from the Indian Institute of Bankers. He has 35 years of extensive experience in the Banking industry. His career encompassed operations, training, and administration. He has worked at State Bank of India in various capacities from a Technical Officer to Senior Executive Grade. He led the prestigious Bangalore Main Branch and other branches in Bangalore and Hubli. He also held positions like Assistant General Manager (Region IV, Bangalore Zonal Office), Assistant General Manager (Personal Banking, Development Banking, Head of Agri Business Unit, Lead Bank) at the State Bank of India’s Local Head Office, Bangalore. Since April 2007, Mr. Gadiyappanavar has been the Chief Executive Officer of SanghaMitra Rural Financial Services.He was also a Board of Director in the then Krishna Grameena Bank a Regional Rural Bank sponsored by State Bank of India. He is a governing member in a group of institutions promoted by MYRADA. He has also served on the Board of Sa-Dhan and AKMI.
Mr. Ramanathan Annamalai
Independent Director
Mr. Ramanathan Annamalai is a senior leader in the rural banking and microfinance sector. He has last served as Chief General Manager at NABARD. He is presently serving on the board of companies in the financial sector.
Mr Unnikrishnan Janardnan
Chief Executive Officer
Mr Unnikrishnan is an experienced professional, holds an M.Sc. in Agriculture from Pune and an MBA in Banking from UBI, Belgium, JARO Institute. With an extensive background in the banking sector, he has held senior management positions at renowned institutions such as ICICI Bank, Bajaj Auto Finance Limited, DCB Bank, and IndusInd Bank. His expertise encompasses various areas, including business development, finance, trade finance, cross-selling, business strategy, cash management, portfolio management, loans, and retail banking. With a strong focus on serving SMEs, microfinance institutions, rural financial institutions, and large corporates, Mr Unnikrishnan Janardnan brings diverse knowledge and experience in lending, collections, remittances, and establishing bank branches.
Mr Ganesh Shetty
Chief Financial Officer
Mr Ganesh Shetty is a highly accomplished financial services professional. He has over 25 years of experience as a Chartered Accountant. He holds a Diploma in Financial Management from Prin. Welingkar Institute of Management, Mumbai, and is a Certified Treasury Management expert from ICFAI, Hyderabad. His extensive expertise covers several spheres within the industry, including fundraising, treasury management, ALM management, project management, credit analysis, due diligence, and mergers and acquisitions.
Mr Ganesh E.K.
Chief Accounts Officer
Mr Ganesh E.K., a B.Com graduate from Karnataka University, Dharwad, has been an integral part of Navachetana Microfin Services Private Limited since 2005. With over 15 years of experience in accounting and insurance, he possesses extensive expertise in fund management and financial software programs, including Tally. As the head of the Accounts Department, Mr. Ganesh E.K. plays a crucial role in ensuring efficient financial operations and contributes significantly to the organisation’s success.
Mr Chandrashekhar R
Business Head
Mr Chandrashekar R has over two decades of comprehensive extensive experience in banking, microfinance, and finance. His distinguished career has seen him take on leadership roles across various business units and geographies. He has worked at India Bulls Financial Services and Jana Small Finance Bank earlier. This plethora of experiences has equipped him with crucial skills in business development, collections, and risk management, and helped him develop a deep understanding of the complexities within the financial services industry.
Mr Thrishuli B
Head HR
Mr Thrishuli has had a well-rounded career path spanning around 25 years across diverse sectors, including working with NBFCs—MFIs. He has worked with Janalakshmi Financial Services and CreditAccess Grameen. He has experience managing and supporting both entry-level staff and senior management professionals.
Mr Veeresh Mathpati
Head Internal Audit
Mr Veeresh has accumulated a wealth of experience over his 19 years of distinguished career in Accounts, Internal Audit, and Risk Management, particularly within the microfinance sector. He has an impressive career trajectory and tenures at renowned institutions like Janalakshmi, Equitas, Ashriwad, and Nirantara. He has cultivated a deep understanding of the microfinance sector. He is adept at applying strategic approaches to ensure risk mitigation and compliance.
Mrs Harini M
Company Secretary
Mrs Harini is a qualified Chartered Accountant with experience in regulatory compliance or companies.
Mr Nandkishore AR
Head of Administration
Mr Nandkishore has over 25 years of experience in accounting and administration. He has showcased a steadfast commitment to excellence over the years in his career. His enduring commitment is exemplified by his longstanding tenure with AME Foundation, where he has served as a pivotal contributor since 2008. He has consistently delivered exceptional results and driven organizational success.
Embarking on a mission of financial empowerment, Navachetana proudly operates in six dynamic states—Tamil Nadu, Karnataka, Maharashtra, Andhra Pradesh, Telangana and Madhya Pradesh. Rooted in the heart of rural landscapes, Navachetana is dedicated to making a transformative impact in areas often overlooked. Our robust presence spans 65 branches, strategically located across 29 districts.
This expansive network ensures we reach and positively impact diverse communities, fostering financial inclusion and empowerment.