About Ajaaya
We’re here to Transform the Finance Industry
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The Story behind Ajaaya
We are a group of professionals with extensive experience in various microfinance companies. Driven by a commitment to good governance, we established ADHITI FINANCE INDIA PRIVATE LIMITED in April 2020 with an initial capital of Rs. 2.12 Crores. However, our application for an NBFC – Lending Company License was not approved by the RBI.
In response, we reorganized and founded a new Section 8 Company, AJAAYA DEVELOPMENT FOUNDATION, in January 2021.
Subsequently, ADHITI FINANCE INDIA PRIVATE LIMITED amended its Memorandum and Articles of Association and rebranded as AURUKSHAYA CONSULTANTS PRIVATE LIMITED. This transformation enables AURUKSHAYA CONSULTANTS to lend money to AJAAYA DEVELOPMENT FOUNDATION and other entities, as well as provide corporate guarantees to other institutions.
Management
Our Promoters & Directors
This start-up being launched by NBFC MFI professionals who has got more than 45 + years of cumulative experience in Banking & Finance.
S.Gopinath
Promoter Director
Is a retired banker having 10 years microfinance experience in leadership roles & 25 years of banking experience. Built and managed large MFI from scratch which currently have an AUM in excess of Rs.5,000 crores. Pioneered the first mobile technology in MFI space
MP. Tolerance Samuel
Promoter Director
Has 13+ years experience in Microfinance industry and had worked as Deputy COO in the second largest MFI in india. Expertise in managing operations, business expansion and people management Both the directors had worked together for about 10 years in the same company and built it from day one.
R.Raghavender Anand
Director
Has 20 years microfinance experience in leadership roles & 14 years of banking experience Built and managed large MFIs from scratch which currently have an AUM in excess of Rs.5,000 crores Pioneered the first mobile technology in MFI space International microfinance experience.
P. Selvi
Director
Has 23 years of experience in various field of social work on the welfare of children, women and family. This experiences helped her to have good network with NGOs and Social Institutions which helps in the field of MFI for helping Special need people.
Our Management Team
Meet the amazing team behind Ajaaya
Mr S. Ganesan
AGM Accounts & Finance
He is a semi professional with 30 plus years work experience in Finance department in various fields like Press, Advertising, Microfinance and Fund Syndication. Had been part of startup companies and done multitasking in Accounts, Finance, Secretarial and Administration works including Statutory Compliances. Has very good exposure in Fund Syndication for Micro Finance Industry for more than 10 years.
Mr T. Sabarinathan
Zonal Manager
He is a seasoned Operations professional who has a through knowledge of South India Microfinance. He had handled sizeable portfolio in various MFIs and also an expert in manpower management.
Mr Starlin Ghanadhas B.L, MBA
Legal Consultant
He is an experienced law professional and a practising Advocate at Madras High court. His expertise includes both Civil and Criminal litigations. His area of work ranges from Writ Petitions, Writ Appeal, Contempt Applications, Criminal applications, Habeas Corpus Petitions to various laws and Jurisdictions concerning business transactions.” His services would be very valuable to Ajaaya Development Foundation.
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Key benefits
Why Ajaaya Devolopement Foundation?
Empowering Communities
Our programs and services are designed to empower economically backward communities, providing them with the financial tools and knowledge they need to improve their livelihoods.
Focus on Women
By supporting women entrepreneurs, we help foster economic growth and gender equality. Our small loans and group-based approach enable women to pursue their trades or professions confidently.
Targeted Approach
By focusing on specific regions (Tamil Nadu, Karnataka, Andhra Pradesh, and Telangana) and satellite towns, we ensure that our services are accessible to those who need them most.
