Sunday, May 26, 2019,

Receivables Exchange of India Limited

Board of Director

Shri. Ajay Kumar Kapur, serving as Deputy Managing Director of Small Industries Development Bank of India (SIDBI), is a graduate in Industrial Engineering from IIT, Roorkee. SIDBI is the apex financial institution in India for promotion, financing & development of Micro, Small & Medium Enterprises sector and coordinating the functions of similar institutions serving the sector. It provides to MSME, through its 79 branches spread across the country, complete range of direct financial services which includes term loans of different tenors for various purposes, working capital, risk capital in different forms, receivable finance, etc. besides providing refinance and resource support to banks, SFCs, MFIs and other financial intermediaries for onward flow of credit to MSMEs.

SIDBI also provides range of services to MSMEs through subsidiary and associate organisations promoted by it. This includes SIDBI Venture Capital Limited (SVCL), Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE), SME Rating Agency of India Limited (SMERA), India SME Asset Reconstruction Company Limited (ISARC) and India SME Technology Services Limited (ISTSL). SIDBI also caters to the needs of the unfunded segment by way of development and refinancing activities through Micro Units Development and Refinance Agency (MUDRA) Ltd, a wholly owned subsidiary of SIDBI which was launched by Hon’ble Prime Minister on April 8, 2015. SIDBI in partnership with NSE, has set up Receivables Exchange of India Ltd. (RXIL) to operate a platform for TReDS, which is an institutional mechanism for facilitating the financing of trade receivables of MSMEs through multiple financiers.

An engineer from University of Roorkee, Shri. Kapur started his career in 1980 with erst-while Punjab Tractors Ltd. in company’s Harvestor Combine Unit near Chandigarh and switched to development banking when he joined IDBI in 1985.

He has been working with SIDBI in various capacities since its establishment in 1990 in diverse areas such as branch operations, bills discounting, factoring, receivable finance, business process reengineering, HR, etc. and also served as Chief Executive Officer of SIDBI Venture Capital (SVCL) from 2004 to 2009.

Shri. Mukesh Agarwal is a business leader with over two decades of experience in financial services industry. Shri. Agarwal is presently the CEO – India Index Services & Products Limited (IISL) & Dotex International Limited (Dotex), NSE group companies.

Previously, he was President at CRISIL Limited, a Standard & Poor’s company, and was leading their India Research business with full P&L responsibility. He worked with CRISIL for 20 years. Prior to that, he was associated with Asian Paints (India) Limited for a couple of years.

Shri. Mukesh Agarwal has a Masters degree in Management studies from S.P. Jain Institute of Management & Research, Mumbai, India and Bachelors degree in Electrical & Electronics Engineering from Birla Institute of Technology & Science (BITS), Pilani, Rajasthan, India.

Shri. Debashis Ghosh joined Industrial Development Bank of India (IDBI) / Small Industries Development Bank of India (SIDBI) in the year 1985 and has been working since then in various capacities as a developmental banker catering to the MSME sector in India. He has wide experience in financing of MSMEs in India, areas of financial inclusion and promotional efforts.

He currently serves as Chief General Manager - In-charge of Strategic Planning, Budgeting & Business Process Re-engineering Vertical (including Digital Initiatives); Product Review & Strategic Initiatives Group (PRSIG); and Stressed Assets & NPA Management Vertical.

Shri. Ghosh holds a Master’s Degree in Economics from Jawaharlal Nehru University, New Delhi and Master’s Degree in Financial Management from Mumbai University. He also holds a Diploma in Social Work and Business Management from Calcutta University.

He has also represented / participated in many conferences, seminars and training programmes at various global forums during his tenure viz.,

  • Annual Global SME Finance Forum 2016 at Beijing, China
  • CEO Roundtable of Development Banks, Annual Meetings Conducted by IMF & The World Bank and The Annual Meeting Of International Development Finance Club, Washington DC, USA in 2014
  • Business Delegation to Sydney and Melbourne in 2009 organised by World Trade Centre, Mumbai and All India Association of Industries.
  • Annual Microfinance Training Programme organized by Naropa University, Boulder, Bouline, USA in 2003

Born on October 24, 1942, Shri Janki Ballabh passed his M.Com. from Agra University. He worked as Lecturer in the Department of Commerce in St. John's College, Agra and Shri Ram College of Commerce, New Delhi before joining State Bank of India in July, 1966. Shri Ballabh worked in several important positions at branches, Head Office and Corporate Centre of the Bank which included his postings at New York Branch of the Bank, Chief Executive Officer of the Bank's Branch at Singapore, Chief General Manager (Product Development, Marketing & Personal Banking) at the Corporate Centre and Dy. Managing Director & Group Executive (International Banking) before taking over as Chairman, State Bank Group, the nation's largest commercial and investment banking Group, with effect from November 1, 2000. Besides heading State Bank of India, Shri Ballabh was Chairman of seven Associate Banks of SBI, 4 banking subsidiaries of the Bank abroad and seven non-banking subsidiaries of the Bank in India. Shri Ballabh has worked on several Committees of the Government of India and Reserve Bank of India.

After his retirement from State Bank of India on October 31, 2002, Shri Ballabh was appointed by the President of India as Vigilance Commissioner in the Central Vigilance Commission, New Delhi for 3 years from November, 2002 to October, 2005. Shri Ballabh also worked as Chairman, Reserve Bank of India Services Board (November, 2005 to October, 2007), Member Appointment Board of the Ministry of Finance Govt. Of India for selection of Chairman and EDs of Public Sector Banks and Financial Institutions (2006 to 2008) and Chairman of the Advisory Board on Bank, Commercial and Financial Frauds (February, 2010 to January, 2012).

Shri. Gopal Krishan Kansal is the Chief General Manager (CGM) of SME Business Unit in State Bank of India. Shri. Kansal, a Bachelor’s degree holder in Science, is a seasoned banker in true sense with a rich experience of over 36 years in banking gained across multiple departments and positions. Shri. Kansal has gradually worked his way up the helms of banking, gaining experience in almost all key segments of banking in various capacities. His tenure in bank has also spanned working in diverse geography across the length & breadth of country and overseas centre at London. He took over the challenging role of head of SME Business Unit started in month of November 2015. Prior to current position, he has also led the Rural Business Unit as CGM. His experience & foresight coupled with practical approach on decision making have taken the SME business of SBI to great heights.

He is quick to foresee the changes in SME industry dynamics and under his guidance a dedicated team is also working on number of new initiatives as a part of future growth strategy. His leadership style is largely inclusive, built on taking initiative, providing guidance, team-building and mentoring future leaders.

A Chartered Accountant by profession, Shri. Ajay Gupta has more than 24 years of experience in banking and corporate finance. He is a seasoned banking professional with diverse experience across the fields of corporate & SME lending, project finance, treasury operations & control and transaction banking. He joined ICICI Bank in 1992 and has held many leadership positions across different departments of the Bank. He is currently designated as a Senior General Manager and is responsible for the ICICI Bank’s Commercial Banking Group. This group focuses on growing the transaction banking franchise of the Bank through cash management, payments and trade finance products spanning across a set of corporate, small and medium enterprises and international banking clients. Shri Gupta also has a keen sense of technology and is a key driver in delivering technology enabled transaction banking solutions to the Bank’s clients.

Shri Raman Uberoi is a Chartered Accountant by profession and has over two and half decade of experience of working in the financial services industry in India. He has extensive understanding of corporate India; industries, companies and managements. He has worked on CRISIL, India’s leading rating and research company for 24 years where he has looked at over 2000 large and mid- sized corporates and has strong relationships with most corporate houses, regulators and policy makers. He has extensive experience of running large teams and businesses and has established new businesses and also led strategy and acquisition practices. He served in various position in CRISIL like the COO and President and Head of the Ratings business. He was also part of various committee on bond markets, infrastructure debt funds, etc.

He is currently actively involved in advising a start-up in its growth path and also continues to advise CRISIL in Government and regulatory areas. He has worked on multiple assignments with multilaterals in the areas of capital markets and banking. He is member of the Advisory Board of the Structured Finance Group of Piramal Finance Limited.