About Us


Who we are

IFMR Investment Adviser Services Private Limited (“IFMR Investment Adviser”) is a part of the IFMR Trust group, a mission driven organisation that works to ensure that every individual and every enterprise has complete access to financial services. IFMR Investment Adviser’s objective is to provide higteamh quality non-binding investment advice and recommendations to the Investment Manager in asset classes that impact the financially excluded, such that we assist the investment managers to achieve desired investor outcomes.

The asset classes that we work on will be ones that have a significant impact on improving access to finance such as microfinance, housing, MSME lending, commercial vehicle finance and agribusiness lending.

IFMR Investment Adviser Services Private Limited is regulated by the Securities and Exchange Board of India (SEBI) and is licensed to provide investment advice under the SEBI (Investment Advisers) Regulations, 2013.

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Our Promoter

IFMR Trust

IFMR Trust is a Private Trust set up with a mission to ensure that every individual and every enterprise has complete access to financial services. In addition, IFMR Trust has invested in the following companies, all of which work in the financial inclusion space in India, spanning wholesale and retail finance to the sector. These are:

IFMR Holdings

IFMR Holdings Private Limited is operating multiple for-profit, commercial, operating companies, which have significantly scalable business models and furthers IFMR Trust’s mission of financial inclusion. IFMR Trust is the controlling shareholder in IFMR Holdings. IFMR Holdings provide strategic direction to underlying investee companies namely IFMR Capital and IFMR Rural Channels.

IFMR Capital

IFMR Holdings is the majority shareholder in IFMR Capital. It works towards the creation of a stable and inclusive financial system in India. IFMR Capital connects high quality Microfinance Institutions (MFIs) and institutions lending to Small & Medium Enterprises (SMEs) and small farmers with investors in existing and emerging debt capital markets.

IFMR Investment Managers

IFMR Investment Managers Private Limited (“IFMR Investment Managers”) is a part of the IFMR Trust group. IFMR Investment Managers’ objective is to provide high quality investment management services in asset classes that impact the financially excluded.

IFMR Investment Managers has been appointed as the Investment Manager to the IFMR Finance for Freedom Social Venture Fund that is proposed to be registered as an Alternative Investment Fund (Category I, Social Venture Fund) with the Securities and Exchange Board of India.

IFMR Rural Channels

IFMR Rural Channels is in the process of deploying the Kshetriya Gramin Financial Services (KGFS), a new model of providing a suite of financial products to remote rural households. It’s mission is to maximise the financial wellbeing of every individual and every enterprise by providing complete access to financial services in remote rural India.

IFMR Finance Foundation

IFMR Finance Foundation is a not-for-profit company promoted by IFMR Trust. Our mission is to ensure that every individual and every enterprise has complete access to financial services. We strongly believe in the deep transformational power of finance in unlocking the potential of individuals, households, enterprises, and local governments.

IFMR Rural Finance

High quality delivery of financial services requires delivering them in a convenient, flexible, reliable and continuous manner. IFMR Rural Finance therefore has been set up by IFMR Trust with a mandate to design a model that can withstand scrutiny on the aforementioned essential parameters and thus pave the way towards complete financial inclusion in rural remote India.

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Board of Directors

Dr. Kshama Fernandes – CEO, IFMR Capital

Kshama has extensive experience across financial advisory, consulting, and academia. Prior to joining IFMR Capital, she was Professor & Head of Finance at Goa Institute of Management. She has worked on consulting assignments for the World Bank, the Chicago Mercantile Exchange, Ministry of Finance, Government of India, and NSEIT. She was a core committee member of the Percy Mistry Committee on Making Mumbai an International Financial Centre and also developed the SEBI mandated certification programme for derivatives for the National Stock Exchange (NSE) and NCDEX.

 
 

Sucharita Mukherjee, CEO, IFMR Holdings

Sucharita Mukherjee is currently the CEO of IFMR Holdings, is a Trustee and Vice Chair of IFMR Trust, and has been a part of the IFMR Trust Executive Group since 2008. She is a director on the board of all IFMR Trust group companies and was the founding CEO of IFMR Capital, from its inception till 2012. She has recently been appointed as a member of the India Advisory Committee to the UNEP Inquiry into a Sustainable Financial System.

Previously, Sucharita led the origination and structuring effort in credit derivatives and structured finance for corporates at Morgan Stanley in London where her work included developing innovative asset-backed financing structures in areas such as intellectual property and health-care receivables. She was also part of the credit derivatives team at Deutsche Bank in London, structuring credit-derivatives-linked repackaged investments for financial institutions. She graduated with an MBA from IIM, Ahmedabad, and has a bachelor’s degree in Economics from Delhi University

Bindu Ananth – President, IFMR Trust

Bindu Ananth is currently the Chair of IFMR Trust and the CEO of IFMR Rural Channels and Services. She is a director on the boards of all IFMR Trust group companies, is a Trustee of IFMR Trust, and has been a part of the IFMR Trust Executive Group since 2008.

Bindu co-edited ‘Financial Engineering for Low-Income Households’, a book published by SAGE. Her work has also been published in Economic and Political Weekly, the OECD Trade Paper Series, and the Small Enterprise Development Journal. She is a Fellow of the Global Economic Society, a member of the FICCI taskforce on financial inclusion, and a member of the Government of India’s High Level Committee on Women. She was a member of the Reserve Bank of India’s Committee on Comprehensive Financial Services for Low-Income Households and Small Businesses (2013) and she serves as a Nominee Director for the National Stock Exchange on the Board of Computer Age Management Services.

Prior to this, she worked in ICICI Bank’s Microfinance team between 2001 and 2005 and was Head of the New Product Development team within the Rural Banking Group in 2007. She graduated with Masters Degrees from the Institute of Rural Management (IRMA) and Harvard University’s John. F. Kennedy School of Government, and has a bachelor’s degree in Economics from Madras University.

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Strategic Counsel Committee

Sucharita Mukherjee, Chairperson, IFMR Investment Adviser

Sucharita Mukherjee is currently the CEO of IFMR Holdings, is a Trustee and Vice Chair of IFMR Trust, and has been a part of the IFMR Trust Executive Group since 2008. She is a director on the board of all IFMR Trust group companies and was the founding CEO of IFMR Capital, from its inception till 2012. She has recently been appointed as a member of the India Advisory Committee to the UNEP Inquiry into a Sustainable Financial System.

Previously, Sucharita led the origination and structuring effort in credit derivatives and structured finance for corporates at Morgan Stanley in London where her work included developing innovative asset-backed financing structures in areas such as intellectual property and health-care receivables. She was also part of the credit derivatives team at Deutsche Bank in London, structuring credit-derivatives-linked repackaged investments for financial institutions. She graduated with an MBA from IIM, Ahmedabad, and has a bachelor’s degree in Economics from Delhi University

Debi Guha, Founder, Arcus India Advisors Pvt Ltd

Debi Guha has more than two decades of experience in the financial services industry. She started her career in ICICI from 1993 to 1998 where she was a founding member of the Infrastructure Industry Group. She then began her investing career with GIC Special Investments (the alternate investment arm of the Government of Singapore Investment Corporation), where she headed GIC SI’s investment activities in multiple countries including India and worked with them for 12 years. In 2012, she set up Arcus India Advisors Pvt Ltd, an Indian asset management company focused on investing in credit oriented strategies. Debi has considerable expertise in private equity, structured debt and mezzanine.

She is an MBA from the Indian Institute of Management, Ahmedabad and a BE in Electrical Engineering (Gold medalist) from Jadavpur University.

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Investment Recommendation Committee


Vineet Sukumar, Chief Executive Officer

Vineet is presently the CEO of IFMR Investment Advisers and the CFO of IFMR Capital. Vineet joined IFMR Capital in early 2010 and was instrumental in formulating the origination and business development process, creating new capital market structures, as well as in driving client and investor engagement. Vineet is presently responsible for managing the treasury, accounts and markets teams, as well as for supporting the CEO on developing and driving the strategy of the company.

Vineet has deep experience in strategy, corporate finance and capital markets in large corporates and in the financial services industry. Prior to IFMR Capital, he worked with Standard Chartered in India, managing the bank’s largest corporate relationship. He also worked with the Tata Group in leadership roles across diverse industries. Vineet graduated from IIT Kharagpur and completed his MBA from IIM Bangalore.


Bama Balakrishnan, Partner and Chief Risk Officer, IFMR Capital

Bama graduated from IIM Ahmedabad (batch of 1999) and is a CFA charter holder. She worked with ICICI Bank for 10 years, beginning in the structured finance team and moving on to lead teams in corporate and investment banking in India, USA and Singapore. Her hobby and interest is Carnatic music; she is also learning to play the Veena.

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Team


Vineet Sukumar, Chief Executive Officer

Vineet is presently the CFO of IFMR Capital. Vineet joined IFMR Capital in early 2010 and was instrumental in formulating the origination and business development process, creating new capital market structures, as well as in driving client and investor engagement. Vineet is presently responsible for managing the treasury, accounts and markets teams, as well as for supporting the CEO on developing and driving the strategy of the company.

Vineet has deep experience in strategy, corporate finance and capital markets in large corporates and in the financial services industry. Prior to IFMR Capital, he worked with Standard Chartered in India, managing the bank’s largest corporate relationship. He also worked with the Tata Group in leadership roles across diverse industries. Vineet graduated from IIT Kharagpur and completed his MBA from IIM Bangalore.

Avinash P

Avinash P, Director – Investments

Avinash joined IFMR Investments to head investments in retail finance institutions. Before joining IFMR, he has worked in ICRA for 7 years in its credit rating practice specialising in financial sector entities including banks, insurance companies, retail finance companies and microfinance companies. His responsibilities at ICRA included publishing sector research and industry coverage. Prior to that, he worked with Deloitte in its Audit and Assurance practice. He is a 5th rank holder in the Chartered Accountancy examination.

 

Ravi Saraogi, Investment Strategist

Ravi was previously working in the institutional equities research team at IIFL Capital, specialising in economic and financial research for the Indian markets. Prior to IIFL Capital, he worked with J.P. Morgan India, in their Emerging Markets Strategy team, primarily focusing on the Asia Pacific region. He has also worked at HSBC India’s Analytics division with experience in model building and data analytics. Ravi is a CFA® charterholder from the CFA Institute, US.

 

Nikhil Mardia, Investment Manager

Nikhil was previously part of the Corporate Finance team at Global Analytics in Chennai, where he worked on financial modelling, forecasting, cash budgeting and data analysis. Prior to that, he worked as an investment analyst with an Akron (Ohio, USA) based Investment Management Company.

 

 

Vijayakumar P, Senior Associate – Finance & Operations

Vijayakumar has more than 10 years of experience in Accounts Payables and Receivables and he has joined IFMR Investments as Manager – Finance & Accounts. Previously he was working with Equitas Group for almost 4 years in Equitas Holdings Private Limited and Equitas Micro Finance Private Limited. Prior to Equitas, he worked with AML Steel Limited and before that with Sunbright Designers Pvt Ltd. He is a Post Graduate in Corporate Secretaryship and pursuing MBA Financial Management.

 

Namitha Janardhan, Investment Analyst

Namitha is an investment analyst at IFMR Investments. Namitha is a professional with well-rounded experience of over two years in various assignments related to financial services sector. Her expertise encompasses Financial Research & Analysis; Demand Assessments and Business Consulting. Clients worked with include some of the leading private sector enterprises and investment banks. Namitha has completed her PGDM in Development and Sustainable Finance from IFMR Business School.

 
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Annual Report & Audited Financials

To download our Annual Report for 2014-15 click here.

To download our Annual Report for 2013-14 click here.

To download our Annual Report for 2012-13 click here.

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Careers

We are looking to expand the team and are looking for mature, highly talented and motivated finance professionals with 0-2 years’ experience for the role of Investment Analyst. The compensation package would be among the best in the industry and will depend on the skills, aptitude and experience of the candidates. The detailed Job description can be found here.

If you are interested in exploring the opportunities available, please send us your CV along with a covering letter to career.investments@ifmr.co.in. Please note that only short-listed candidates will be contacted in due course.

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Contact

IFMR Investment Adviser Services Private Limited
10th Floor-Phase 1, IIT-Madras Research Park,
Kanagam Village, Taramani
Chennai 600113
Tamil Nadu, India
Tel: +91 44 66687000
Fax: +91 44 66687010
Email: contact.investments@ifmr.co.in
Follow us at www.ifmr.co.in/blog

Corporate Identity Number: U74900TN2012PTC087839
SEBI Investment Adviser Registration Number: INA200000019 dated August 1, 2013

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