A Celebrated Appointment

Surekha Marandi, a stalwart in the financial sector, has been re-appointed as the Independent Director at SATYA MicroCapital Ltd. This decision was made during the 2nd Extraordinary General Meeting (EGM) of the company, marking her second consecutive term. Marandi’s extensive experience within the sector, especially her pioneering work in financial inclusion, makes her a celebrated choice for this role.

Marandi’s Unparalleled Expertise

With over three decades of experience in the Banking, Financial Services, and Insurance (BFSI) sector, Marandi is noted for her expertise as a Financial Inclusion Expert. Her previous tenure as the Executive Director at the Reserve Bank of India saw her overseeing critical departments such as Financial Inclusion and Development, Customer Education, and Communication. Her leadership at RBI set significant precedence in microfinance and regulatory policies, influencing the future of banking in India.

Insights from SATYA MicroCapital

Vivek Tiwari, Managing Director and CEO of SATYA MicroCapital Ltd., spoke highly of Marandi, appreciating her guidance that played a crucial role in the company’s progress. He emphasized the importance of her insights, which have been a driving force in SATYA’s growth and continuous efforts toward financial inclusion. “Her presence is a testament to our commitment to achieving excellence,” stated Tiwari.

SATYA’s Rapid Growth and Vision

Since its inception in 2016, SATYA MicroCapital Ltd. has significantly impacted the rural financial landscape. The organization, headquartered in New Delhi, has grown an impressive Assets Under Management (AUM) of over Rs. 6,000 crores. By implementing advanced technologies, SATYA has ensured efficient operations and improved customer experiences. According to The Tribune, its commitment to empowering rural and semi-urban women through affordable micro-credit services has positioned SATYA as a leading finance institution.

Empowering Women Entrepreneurs

Currently, SATYA serves over 16 lakh women entrepreneurs who lack access to traditional banking channels. Through its expansive network of 830+ branches spread across 61,200 villages in 26 states, SATYA aims to fortify its mission of empowering women digitally and financially. The organization’s dedicated workforce of over 8,500 employees plays a vital role in achieving this mission.

Looking Forward

As SATYA MicroCapital Ltd. looks forward to Marandi’s expertise leading its future endeavors, the organization remains steadfast in its goal of making financial empowerment and literacy accessible to India’s underbanked rural population.