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Arohan Inducts Shri D.K Mittal as Independent Director and Chairman to the Board

Arohan Financial Services Limited, the leading NBFC-MFIs in India announced the induction of Shri DK Mittal, Ex-Secretary, Department of Financial Services, Government of India as Independent Chairman to its Board of Directors. As part of the Aavishkaar-Intellecap Group, Arohan is serving the Group Vision of “Building businesses with or for the Other 3 Billion”.

Sharing his thoughts Shri D.K Mittal said, “India needs to harness its latent entrepreneurial potential to build a sustainable and equitable society. The idea of guiding Arohan, which is nurturing micro women entrepreneur at grassroots, enabling inclusion by using technology, is both challenging and rewarding. Arohan has parentage from the Aavishkaar-Intellecap Group which offers me unique insights into the economics of impact given the width of their engagement with the marginalized through equity, debt and advisory.”

Vineet Rai, Founder, Aavishkaar-Intellecap Group said, “We are indeed privileged to have Mr. Mittal join as an Independent Chairman to the board at Arohan. His presence gives us confidence that we have a visionary leader guiding us as we scale responsibly and serve one of the most marginalized parts of our country.”

Welcoming Shri D.K Mittal to the Board, Manoj Nambiar, Managing Director, Arohan Financial Services Limited said, “We are delighted to have Mr. Mittal join us at the board. He has been an administrator of repute and his exceptional leadership across various organisations makes him a valuable asset to the Board. His acceptance to join us is gratifying and we look forward to his guidance as we embark on our journey forward.”

D.K Mittal is a former Gold Medallist Indian Administrative Service (IAS) Officer of 1977 batch (UP cadre) and has served the Government of India in various capacities. Mr. Mittal was Secretary, Department of Financial Services responsible for overseeing Banking, Insurance and Pension policies of India. During his tenure, he worked very closely with the RBI and was on the Board of the RBI, LIC, State Bank of India, IIFCL and IIFCL (UK). Previously as Secretary, Ministry of Corporate Affairs, he has worked closely ICAI, ICSI and ICWAI.

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