Organization Chart & Core Team

Managing Director & CEO

Devarakonda Sattaiah

Name
Devarakonda Sattaiah

Designation
Managing Director & CEO

Qualifications

• MBA – 1988 from Osmania University
• B.Sc. Math, Physics and Chemistry – 1986 from Osmania University
• Management Development Programs Tier I & II @ IIM-Ahmedabad

Roles played in BASIX Group Companies
Since 1996 – Joined as Field Executive and grown in responsibilities

1. 1996 – 2001 – Field Operations
2. 2001- 2003 – Special Projects
3. 2003- 2006 – Head Micro Insurance
4. 2004- 2008 – Head Corporate HR
5. 2008 – 2010 – COO – BSFL
6. 20010-2012 – Director Strategic Projects
7. 2012-16 – CEO & MD – Sub-K
8. 2015 – 2019 CEO & MD B-ABLE
9. 2016 – till date – CEO & MD – BASICS Limited (Holding Co.)
10. 2020- till date CEO & MD – BSFL

Functional areas of Service
Micro Finance Filed Operations, Product Development, Micro Insurance Business conceptualization and collaborations building, setting up and leading Corporate HR, Overall Operations Management of Micro Finance, Financial inclusion and Business Correspondence services, Skill Business Modelling, Board Governance, Vetting Financials, Business Unit Economics Conceptualization, Crop Economics Modelling, Building Policies, Systems, Procedures and Tools for various functions, HR Development and Mentoring, HR Systems Development

Chief Financial Officer (CFO)

Bhagirathi Mohan Raj

Name
Bhagirathi Mohan Raj

Designation
Chief Financial Officer (CFO)

Qualifications
Masters in Financial Management and Commerce,
Post-Graduation Program in Finance from IIM, Indore,
Program in Venture Capital Management from ISB, Hyderabad

No of years associated with the organization
Over 24 Years

Achievements

• Born in BASIX and groomed as the group progressed since 1998 as a Corporate Executive.
• Part of the team in setting up six group entities by developing chartered documents, business plans, raising capital, setting up of systems and process.
• Managed over Rs 150 Cr of Fees, Grant based business in the group with MIS, Donor and Audit Compliances
• Part of International Consulting team and visited five developing countries as a consultant for developing business plans, setting up MIS, Audit
• A Trustee for Employees Gratuity Fund & Managed and Administered this over 15 years for the group entities
• Part of Interview Panel and Recruited over 250 employees in the group in the field of Finance, Accounts, MIS, Internal Audit, Consulting, IT, HRM, Secretarial
• Handled over 10 due diligences in the group for fund raising and valuation of the entities and holding company.
• Part of Secretarial Team for Swiss Agency for Development and Cooperation funded Livelihood Triad Fund (SDC LTF) & African’s Livelihood Promotion (ALPs) Fund, IFC Technical Assistance Fund, Livelihood and Micro Finance Promotion (LAMP) Fund for financial management & MIS with total fund over Rs. 100 Cr
• Coordinated with 17 CEOs in the group on various corporate, financial management matters.
• Coordinated with stakeholders for over 125 General Body Meetings and 200 audits in the group.
• Set up System, Procedure and Process to make consolidated financial statement of the Group including Parent Company, subsidiaries, Associates.
• Developing the Canonical Pay System in the Group along with Group CEO and implementation.
• On the board of four entities in the group
• Successfully run the Employees and Agents Society in the group for two decades and brought good visibility.
• Explored alternate investment plan for Corpus Fund and yielding better return, better appreciation.
• Setup the HO in Hyderabad in short span of 45 days with well-equipped infrastructure.
  .

Area of expertise
Financial Management, Corporate Matters, Corporate Laws, Management Information System, Project Management, Audit, Internal Audit, Internal Control Systems and Processes, Direct and Indirect Taxes, Employee Engagement, Human Resource Management, Statutory compliances associated to HR and Tax laws, mergers & acquisition, business transfer.

Chief Consulting Officer (COO)

Raghuram Bhallamudi

Name
Raghuram Bhallamudi

Designation
Chief Consulting Officer (COO)

Qualifications
MSc (Ag), PGDABM, MBA (USA)

No of years associated with the organization
4.5 Years

Achievements
A sound agribusiness professional who had developed profound skills in development consulting from his experiences in the sector. In a short time with the organization, strengthened the agribusiness and rural portfolio of consulting business.

Area of expertise
Agribusiness, Agricultural Finance, Social Innovation, and Project Management

Head-Financial Inclusion Services (FIS)

Biswaranjan Pattnaik

Name
Biswaranjan Pattnaik

Designation
Head-Financial Inclusion Services (FIS)

Qualifications
Post Graduate degree in Rural Management from Xavier Institute of Management, Bhubaneswar (XIMB).

No of years associated with the organization
More than 15 years of association with BASIX Social Enterprise Group.

Achievements
Biswaranjan Pattnaik has expertise in business proposals development. He has executed assignments in 23 states of India. He has successfully executed assignments in Bangladesh and Papua New Guinea. Biswaranjan is well versed in the reporting system of DFID projects, World Bank projects, Asian Development Bank projects, and United Nation for Development projects.

Area of expertise
His subject exposure includes Rural Power Sector reforms, Community participation in Irrigation, Community based Institution development, Agri.-Horti. -Forestry model establishment, Microfinance, Technical support to microfinance institutions, Financial Education, Detail project report preparation, Project proposal development, piloting of new concepts, and project evaluation.

Head- Institutional Development Services (IDS)

Vemu Mathananda Suneel

Name
Vemu Mathananda Suneel

Designation
Head- Institutional Development Services (IDS)

Qualifications
MBA-Agribusiness Management, B.Sc. Agriculture

No of years associated with the organization
4.1 Years

Achievements

• Agri value chain specialist & advisor under various projects (CBBO project, CGSRLM, MSRLM, AP Horticulture Department, Himachal Pradesh Horticulture Dev’ Project) conducted value chain studies of various agriculture and horticulture crops and designed cross cutting interventions for development.
• Other studies:
  • ‘Market Research study on Farmer Producer Organizations in Uttar Pradesh and Karnataka’ funded by SM Sehgal foundation in 2022.
  • ‘Impact assessment of Andhra Pradesh Rural Prosperity Mission of TATA Trust’ in 2021.
  • ‘Role of women in the cashew value chain in Maharashtra’ funded by MSRLM in 2019.
  • ‘Evaluation of JICA assisted forest project in Sikkim’ in 2018.
  • Impact assessment study of ‘Gender-based impact analysis of ATMA program’ assigned by Department of Agriculture Cooperation & Farmers Welfare (DAC&FW) in 2019.
• New proposal development value: ~INR.300 Cr (10 % success rate).
• Technologies to Markets (T2M): Off-grid solar solutions, water, data digitalization
• Project management, project support, partnerships and team management

Area of expertise
Value chain assessment and development, Agri Enterprise promotion, Supply chains, and Promotion of FPOs, Assessment and scoping studies

Assistant Vice President-Consulting Management

Prashant Deokar

Name
Prashant Deokar

Designation
Assistant Vice President-Consulting Management

Qualifications
MBA Finance

No of years associated with the organization
18 Years

Achievements
BASIX Chairman Award Year 2017.

Area of expertise
He has been managing Financial, MIS, Statutory Compliance, Income Tax, FCRA and Donor Reporting. He supports the project management activities. He extends training and advisory services to Community-Based Organizations on the development of business plans, bookkeeping, and other legal compliances.

Assistant Vice President

Shri Prakash Chaturvedi

Name
Shriprakash Chaturvedi

Designation
Assistant Vice President

Qualifications
MSc ( Ag) Agri Economics & Farm management

No of years associated with the organization
14 Years

Area of expertise
Livelihoods promotion, Training, Agriculture Marketing development, Agri value chain, microfinance, rural livelihood, Organic farming & SRI Cultivation in paddy & wheat, promotion and nurturing of Farmer Producer Groups and Organization.

Assistant Vice President

Avijeet Kumar

Name
Avijeet Kumar

Designation
Assistant Vice president

Qualifications
MBA

No of years associated with the organization
12 Years

Achievements
Successfully implemented Consulting Assignment of Digital Finance, agent banking in eastern and north eastern state of India, he has also been instrumental of Digital MSME loan product and implemented in northern India. He also worked in Branchless banking project of SUB-K and world bank was client, Chaired Basix Sub-k Operation policy of 2016-17, launched first MSME (one of the digital processing product) project of Basix in Rajasthan (Client – UBI). He has worked with various consulting assignment with SIDBI, SRLM in Digital Finance. He has also done piloting various project those are MFI-Regional processing centre, SBI banking outlets piloting with CSC-SPV , SHG door step banking facility.

Area of expertise
Diverse experience in Digital Financial Services, Microfinance, MSME and Financial Inclusion/Agent Banking sector. His experience is conceptualization of new business idea, Client relationship, Process Reengineering & Launching/Piloting New Business. His Core competency includes Project Management, Product Development, Business Development, Network Management, Business Process reengineering, Business policy, Business Risk & Team Management