Managing Director and CEO
Qualification: Bachelor’s degree in Technology (Electrical Engineering) from National Institute of Technology, Kurukshetra and a Professional Diploma in Marketing Management from All India Management Association.
Nitin Chugh previously had successful stints with HDFC Bank Limited, Standard Chartered Bank, HCL Limited and Modi Xerox Limited.
*His resignation is effective from close of business hours on September 30, 2021
Non-Executive Director
Qualification: Post-graduate diploma in Business Management from XLRI Jamshedpur and has completed a private equity programme from Oxford University.
Mona Kachhwaha currently works with Unitus Capital Private Limited and was previously employed with Citibank N.A. and Caspian Impact Investment Adviser Private Limited.
*Ceased to be a Director w.e.f. August 10, 2021 (close of business hours)
Independent Director
Qualification: Bachelor’s degree in engineering from University of Pune, Maharashtra and has completed general management programme from Harvard Business School, Boston, Massachusetts.
Umang Bedi is a Co-Founder of VerSe Innovation, a company who powers the algorithms of Dailyhunt, India’s largest local language content and news discovery platform across 14 Indian languages and Josh, India’s leading short video app across 12 Indian languages. He was previously the Managing Director - India and South Asia with Facebook India Online Services Private Limited, ADOBE Systems India Private Limited and Intuit Inc.
Additional Director (Non-Executive, Non-Independent)
Qualification: Graduate from the Indian Institute of Management, Ahmedabad.
Ittira Davis is an international banker with over 40 years of banking experience having worked extensively in the Middle East and Europe. He was with the Europe Arab Bank from July, 2008 to October, 2012 initially as the Managing Director – Corporate and Institutional Banking and then as an Executive Director. He has previously worked with Citibank in India and the Arab Bank Group in the Middle East. He joined Ujjivan in March, 2015 to manage the transition to a Small Finance Bank. Later, he was the Chief Operating Officer of our Bank until June, 2018. Ittira Davis was the MD & CEO of Ujjivan Financial Services Limited from July, 2018 until March, 2021.
*Ceased to be the Director w.e.f. July 23, 2021 (end of business hours)
Additional Director (Non-Executive, Non-Independent)
Qualification: Bachelor of Arts degree in Economics and a Fellow member of the Institute of Chartered Accountants of India. He also attended the Advanced Management Program from the Harvard Business School in Boston.
Rajesh Jogi brings rich work experience of 27 years in the Banking Industry with a focus on risk management. He last worked with the Natwest Group (erstwhile RBS Group) where he led key strategic projects and transformation. He was the Chief Risk Officer, India of the Royal Bank of Scotland and subsequently the Country Head of Risk, India for the Group. He is also a Non-Executive Director on the Board of few other companies.
Non-Executive Nominee Director
Qualification: Bachelor’s degree in commerce from Osmania University and Master's diploma in business administration from Symbiosis Institute of Management Studies. She is a Certified Associate of the Indian Institute of Bankers.
Chitra Kartik Alai is currently General Manager at the Chennai Regional Office of SIDBI.
Independent Director
Qualification: Master’s degree in Arts (Economics) with specialisation in Agricultural Economics from Calcutta University.
Prabal Kumar Sen was a Professor at XLRI, Jamshedpur, earlier Bank of Baroda Chair Professor at Institute of Rural Management Anand (IRMA) and Lecturer in PG Dept of Economics, at University of Burdwan. He had previously worked for United Bank of India in the Senior Management Grade and earlier worked as an Interpreting Officer in the Calcutta High Court.
Independent Director
Qualification: Master of Technology degree in electrical engineering and Doctor of Philosophy degree from the Indian Institute of Technology, Bombay.
Nandlal Laxminarayan Sarda has previously served as a director on the boards of the Union Bank of India, Clearing Corporation of India and Andhra Bank. He was a professor in the department of computer science and engineering at Indian Institute of Technology, Bombay.
*Retired on July 26, 2021(end of business hours)
Additional Director (Independent)
Qualification: Master’s Degree in Commerce (Gold Medalist) from M S University, Vadodara.
Rajni Mishra has been a career banker for nearly four decades, with State Bank of India as well as its Associate Banks where she has handled varied assignments and diverse portfolios, gaining exposure in Branch Administration, Corporate Credit, Forex Treasury, Vigilance, Audit & Inspection etc. She is the Chairperson and Independent Director on the Board of M/s NCL Buildtek Limited, Hyderabad, a leading manufacturer of building materials and a Group Company of M/s NCL Industries (erstwhile Nagarjuna Cement Limited).
Additional Director (Independent)
Qualification: Doctor of Philosophy degree from Syracuse University, Syracuse, NY, USA.
Umesh Bellur is a professor and Department Head of Computer Science and Engineering at IIT Bombay. He has worked with various organisations including TCSI Corp, Oracle Corp, Covad Comm. Corp, Collation Inc. in California and was a member of Technology Advisory Board for the SEBI, SBI, Clearing Corporation of India and NSDL. He is currently serving as an Independent Director on the Board of Central Depository Services (India) Limited and National Payments Corporation of India.
Additional Director (Independent)
Qualification: Bachelor's degree in commerce from Madras University and PGDPM&IR from XLRI, Jamshedpur.
Harish Devarajan has gained rich experience working with TVS Sundram Fasteners Ltd. and Hindustan Unilever Ltd. (as Vice President HR). He was on the Board of Bank of India and has been a freelance Leadership Coach and Organisation Consultant since 2008.
*Ceased to be a Director w.e.f.
August 12, 2021 (close of business hours)
Annual Report 2020-21