Tuesday, October 22, 2019,

Receivables Exchange of India Limited

Management Team

Shri. Chandramouli Vemuru

Chandramouli Vemuru Chief Operating Officer (COO)

Chandramouli Vemuru, an academically strong first class distinction graduate electrical engineer & a development banker with diverse experience of over 28 years in both private and public sector organisations in various geographies across India. He has been working with Small Industries Development Bank of India (SIDBI) from past 22 years and currently holds position of Dy. General Manager. He has been deputed by SIDBI to Receivables Exchange of India Ltd (RXIL) and holds position of Chief Operating Officer at RXIL.

He has also served as the nominee director in a public sector Industrial and Technical Consultancy organisation. He has also represented his organisation in various crucial meetings as observer in Small Finance Bank and MSME units. He has long experience in project appraisal / monitoring and also in effective recovery using persuasive methods. Instrumental in helping scores of entrepreneurs and enterprises whether budding, growing, expanding, diversifying or graduating or excelling at whatever stage and with diverse requirements.

Shri. Kailashkumar Varodia

Kailashkumar Varodia Chief Financial Officer (CFO)

Kailashkumar Varodia is a finance professional with over 17 years of experience in factoring and banking services. Prior to joining RXIL, Kailash has worked with SBI Global Factors Ltd, a subsidiary of SBI as Head of Business Development and Accounts teams. He was also part of Operations, System and Product development during his tenor with SBI Global Factors Ltd. In the beginning of his career he has worked with HSBC in Retails Assets and Factoring Services.

Kailashkumar is a commerce graduate from Mumbai University and is a Member of the Institute of Chartered Accountants of India. He has also done MBA and CFA from ICFAI, Tripura, Information System Audit (ISA) course from Institute of Chartered Accountant of India.

Riya Sawant

Riya Sawant Company Secretary (CS)

Riya Sawant has over 9 years of experience in secretarial, compliance, legal and allied areas. Before joining RXIL, she has worked with Power Exchange India Limited, Ramgopal Polytex Limited, Yash Birla Group and Crescent Entertainment & Tourism Limited.

She is a commerce graduate from Mumbai University and is a Member of the Institute of Company Secretaries of India (ICSI) (2008). She has also done LLB from Mumbai University.


B. Ulagiyan Head Business Development

Ulagiyan is a seasoned finance professional with diverse experience of over 14 years in various geographies in India. He started his career with Canbank Factors Ltd (Subsidiary of Canara Bank) and later joined SIDBI. Presently, he has been deputed by SIDBI to Receivables Exchange of India Ltd as Head – Business Development. He was handling branch operations (including project finance) and Receivable Finance during his tenor with SIDBI.

Ulagiyan has been involved in TReDS project since inception and played a vital role in setting up of RXIL TReDS platform including conceptualization, structuring and designing of blue print of the platform and also contributed in development of software, Procedural Guidelines etc., which are critical to the project. He has brought to bear his deep domain knowledge in receivable finance and factoring areas as inputs in the development of the architecture for the TReDS platform.

He has significant expertise in the area of SME Lending, Receivable Finance, Factoring & relationship management. He brings along a strong client relationship across key markets and client segments (SME, Mid-Market, Large, Public Sector & Multinational Corporates)

Ulagiyan is an MBA from University of Madras and also holds an Diploma in International Factoring from Factors Chain International, Amsterdam