Mr. H P Singh is the Chairman cum Managing Director of Satin. Mr. Singh has more than two decades of experience in the microfinance industry and has pioneered the unique loan repayment concept of daily collection. He holds a law degree and is a Fellow of The Institute of Chartered Accountants of India and also has extensive experience in auditing, accounts management, project financing, advisory services and company legal matters. Mr. Singh is actively involved in Satin’s day-to-day operations and has been a vital source of inspiration since the company’s inception in 1990. Under Mr. Singh’s leadership, Satin has grown into one of the leading microfinance institutions in North India and continues to expand its operations.
Mr. Vishal Mehta represents Lok Capital on the Board of Satin. Mr. Mehta is co-founder of Lok Capital Fund and he started its investment business and operations in India in late 2004. Since then he has played the lead role in building Lok Capital as a premier venture capital fund focused on investing in base of the pyramid enterprises. Lok Capital is one of the first social VCs focused on India.
Prior to Lok, Vishal has worked with one of the largest issuers of credit cards in US, Capital One and led their sub-prime outbound telemarketing vertical. Prior to that, he was working primarily in the telecom sector. He managed several key operator accounts for Siemens in India and worked on launching new wireless equipment in Malaysia and Germany. He continued his telecom sector marketing and product strategy work with PRTM, a management consulting firm based out of their Washington DC’s office. He has also worked as consultant to social projects in India and Kenya. Vishal holds an Engineering degree from Delhi University and an MBA from the University of Michigan, Ann Arbor.
Mr. Davis Golding represents ShoreCap II Limited on the Board of Satin. Working with ShoreCap, an international investment company which invests in and supports development financial institutions serving micro and small enterprises in developing economies, Davis holds the responsibility of initiating acquisition leads, performing on-site due diligence, recommending approval or decline of opportunities, structuring investments, and serving on the Board of Directors of investee institutions. Prior to joining ShoreCap International, he was EVP and Chief Operating Officer of ShoreBank Pacific, a community development bank dedicated to sustainable development including environmental integrity, serving the US states of Washington and Oregon. Previously, he worked as Director, International Mergers and Acquisitions/Corporate Development for Textron Financial Corporation. Mr. Golding also served as President and CEO of a Hong Kong based merchant banking operation. He has over 30 years experience in international finance, banking, and mergers and acquisitions. He holds a B.A. in Business Administration from Duke University, Durham, North Carolina.
Ms. Deepa represents Danish Microfinance Partners on the Board of Satin. She works with IFU, an Investment Fund owned by the Danish Government. IFU invests together with Danish companies in projects in developing countries and is also an investor in Danish Microfinance Partners. She has been associated with IFU for past 16 years working out of Chennai, Copenhagen, Singapore and New Delhi. Prior to working with IFU, she worked in Ballarpur Industries Limited, India, a large industrial group engaged in production of Paper, Chemicals, Glass, etc. Apart from this, Ms. Hingorani serves as member of Board of Directors for a number of organizations. She is Masters in Finance and Control (Delhi), Executive MBA (Scandinavian International Management Institute, Copenhagen).
Himanshu Aggarwal lives with her family in Loni Ghaziabad in the state of Uttar Pradesh. Her family was struggling to meet their basic requirements such as food, clothing, etc. Her desire to grow her family’s clothing business with sufficient stock was hampered by a lack of access to any financial institution. After hearing about Satin, she was able to avail a Rs 10,000 loan to help fulfill her family’s financial needs. Himanshu specifically described her appreciation for Satin’s transparency in terms of size of loan, term of loan, and rate of interest which was provided through the training (CGT) process.