Home / Governance / Board of Directors


Mr. Rangachary N, Independent Non Executive Chairman

Mr. Rangachary N, is an independent Director of our Company and the Chairman of our Board. He was appointed as the Chairman on July 26, 2007 and Independent Director of our Company on June 29, 2015. He is a fellow member of the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, and Institute of Company Secretaries of India. In the past, he has served as the Chairman of Central Board of Direct Taxes and Chairman of the IRDAI. He has also served as the Advisor to the Government of Andhra Pradesh on Finance. He was a member of the Expert Committee on General Anti-Avoidance Rules (GAAR) and headed the Committee to Review Taxation of Development Centres and the IT Sector, a high-level committee set up by the Prime Minister in the year 2012 for bringing clarity on taxation issues, pertaining to the Information-Technology sector and development-related centres.

Mr. Arun Ramanathan, Independent Director

Mr. Arun Ramanathan is the Part-time Chairman and Non-Executive Independent Director of our Bank. He holds a bachelor’s degree in science from University of Madras, a master’s degree in nuclear physics from Andhra University, a master’s degree in business administration from University of Madras and a master’s of philosophy degree in economics and politics of development from University of Cambridge. Further, he is an associate member of the Institute of Cost and Works Accountants of India. Prior to his becoming a Director of our Bank, he was a member of the Indian Administrative Service (Tamil Nadu Cadre, 1973). In his stint of more than 34 years of service in the Indian Administrative Service, he held several postings in the Government of India at the level of Secretary in various ministries, including Secretary in the department of Chemicals and Petrochemicals (Ministry of Chemicals and Fertilizers), Secretary in the department of Financial Services (Ministry of Finance) and at superannuation in 2009, the Union Finance Secretary. He has served as a director on the boards of several companies including State Bank of India, IDBI Bank Limited, ICICI Bank Limited, India Infrastructure Finance Company Limited, IDFC Limited, Oil and Natural Gas Corporation Limited, Shipping Corporation of India Limited, Tamil Nadu Petroproducts Limited, National Textile Corporation Limited, ONGC Videsh Limited, Titan Industries Limited, United Stock Exchange of India Limited, Indian Clearing Corporation Limited, Jenson and Nicholson (India) Limited, JCT Electronics Limited, Religare Enterprises Limited and L&T Infra Debt Fund Limited. He was a member of the Life Insurance Corporation of India. He has served as chairman of the audit committees of Oil and Natural Gas Corporation Limited and Shipping Corporation of India Limited. He has also served on the Indian advisory council of Daimler (India) Commercial Vehicles Private Limited between 2010 and 2016. He is a serving member on the investment committee of the Tamil Nadu Infrastructure Fund Management Corporation Limited and has been included in the panel of outside experts of Oil and Natural Gas Corporation Limited in the finance/commercial category.

Ms. Jayshree Ashwinkumar Vyas, Independent Director

Ms. Jayshree Ashwinkumar Vyas is an Independent Director of our Company. She was appointed as an additional Director of our Company on November 12, 2014 and was appointed as an Independent director on June 29, 2015. She is a qualified chartered accountant from the Institute of Chartered Accountants of India and has been the managing director of Shri Mahila Sewa Sahakari Bank Limited since 1986.

Mr. Rajaraman P V, Independent Director

Mr. Rajaraman P V, is an Independent Director of our Company. He was appointed as a non-executive Director of our Company on November 2, 2011 and re-appointed as an independent Director of our Company on June 29, 2015. He holds a Bachelors degree in Science (Physics) as well as a Masters degree in Science (Physics) from the University of Madras. He also holds M.A. in Management Studies (Developing Countries) from the University of Leeds. He was a member of the Indian Administrative Service from 1967 to 2004. He has more than three decades of experience in the Indian Administrative Service and has served in various capacities including Collector, Erode district, Managing Director of India Cements, Chairman and Managing Director of Tamil Nadu Housing Board, commissioner of Sugar, Secretary to the Government of Tamil Nadu in the Commercial Taxes, Home and Finance departments, chairman of Tamil Nadu Industrial Investment Corporation. He has also served as a director on the boards of Small Industries Bank of India, Hindustan Petroleum Corporation Limited and Indbank Merchant Banking Services Limited. He is a recipient of a Padma Shri Award from the President of India in 2015 for distinguished service.

Mr. Viswanatha Prasad Subbaraman, Independent Director

Mr. Viswanatha Prasad Subbaraman founded Caspian Advisors in 2004 and has led the institution since then, including setting up multiple impact funds with increasing diversity across sectors. With over `1,000 crores under management, Caspian is considered a pioneer in Impact Investing in India.

In addition to providing strategic direction to Caspian's various initiatives, Prasad is active in the ongoing management of Caspian's funds and serves on the boards of multiple portfolio companies, serving also as an Investor Director (Non-Executive and Non-Independent Director)of our Company from 2008 to 2016.

Mr. Bhaskar S, Non-Executive Director

Mr. Bhaskar S joined the Equitas Group on October 15, 2007 and served as the Chief Financial Officer prior to his appointment as the Executive Director & CEO of the Company on 21st October, 2016.

He holds a Bachelors degree in Science from University of Madras and is also a qualified Chartered Accountant from the Institute of Chartered Accountants of India. He started his career with Pricewaterhouse & Co., where he worked for one and a half years and later moved to Cholamandalam Investment and Finance Company Limited where he worked for two decades. Prior to joining Equitas Group, he was the Group Treasurer and Senior Vice President – Audit for the Murugappa Group, Chennai.

Mr. Jayaraman Chandrasekaran, Independent Director

Mr. Jayaraman Chandrasekaran holds a Bachelors degree in Technology specialising in Chemical Engineering from Indian Institute of Technology, Madras.

A career banker, he joined SBI as a probationary officer in 1975 and after an illustrious career spanning over three and a half decades retired as Chief General Manager in September 2011. Key areas of specialised experience in SBI include:

  • Technical Consultancy for SME and Mid corporate clients which involved, besides project evaluation, building systems for customers in inventory and receivables management, production line balancing, costing, pricing and product mix studies, etc.
  • Head of Bank's Rupee Treasury from 2000 to 2003,running it as an independent profit centre. Responsible for maximizing yields in money market and securities trading operations,et al. He was a member of various RBI technical committees on the money and bond markets.
  • Following major restructuring of business, He headed and ran the Bank' s new SME Business Unit from 2004 to 2007, positioning SBI as a thought leader in SME business. He was responsible for identifying new growth opportunities and achieving business and market share goals. He served on the Board for SMERA. He was deputed for a 3 week course on MSME at the Kennedy School Of Government, Harvard. He was a member of the RBI appointed Chakravarty Committee on restructuring and rehabilitation of distressed SME units, the recommendations of which were accepted and implemented by RBI.
  • From Nov 2007 till superannuation, he was Chief General Manager, heading SBI Chennai Circle, covering TN and Pondicherry during which there was significant growth in retail and cross selling business. He was part of the Chairman's core team in implementing Citizen SBI, a major HR initiative.

Post retirement, he was engaged for about 5 years in training officers in various banks in SME and delivering guest lectures in various institutions including ASCI, Hyderabad. He was SBI's nominee director on the Board of SIDBI for 6 years, from June 2012 till June 2018. Presently, he is an independent director of Mahaveer Finance India Ltd, a small, growing NBFC and SBICAP's nominee director in SBICAP Trustee Co. Ltd., its step down subsidiary.

Mr. John Alex, Executive Director and CEO

After graduating in Agriculture & Rural development, Mr John Alex started his career as a Group II Gazetted Officer in Tamil Nadu State Government and served as Extension Officer (Agri) & Block Development Officer in the State Government from 1979 to 1983.

Joined Indian Overseas Bank, a Public Sector Bank as a Probationary Officer and served as Agricultural Field Officer, Branch Manager, Regional Assistant Chief Officer, Senior Manager & Chief Manager in various Branches in Tamil Nadu & Andhra Pradesh from 1983 to 2008.

Joined the Management Team of Equitas in 2008 and conceptualized and set up the team for Social Initiatives with a clear focus to address a larger spectrum of requirements of small clients in the field of Health, Education, Skill Development, Food Security, and Placement for unemployed Youth, Inclusive model for persons with disability & trans genders.

Awards & Recognition for Equitas Model:

  • Presented Case Study in XLRI, Jamshedpur – Awarded Innovation for Impact 2013,
  • Visited on an invite from MFI’s in Indonesia in 2013 and show cased Equitas model
  • Presented Case Study at the 16th International Micro credit submit at Manila in Sept 2013
  • Presented Case study at SPTF Annual meet at Senegal in June 2014
  • Presented Case study integrating Microfinance & Health at the Annual National Microcredit Summits 2010, 2011 and 2013 in New Delhi Presented Case study on Disability Inclusion in Microfinance in the National Microcredit summit 2014 in New Delhi
  • Awardee under Category-Companies for universal design to reach out to persons with disability in the NCPEDP 2014, at Delhi
  • Presented case study at FINCA International, Washington DC in Oct 2014
  • Visited on an invite MFI’s in Mexico and show cased Equitas Ecosystem in Oct 2014
  • Received the FICCI India award for 2015 for outstanding CSR work among mainstream Industries
  • Presented case study in 2016 at the Annual Micro credit summit at Abu Dhabi
  • Presented a case study in 2016 at the Annual conference hosted by Social Performance Task force (SPTF) at Morocco
  • Presented paper on entrepreneur Development program for disabled women in the Workability Asia Conference held in Aug 2016 in Bangalore, India
  • Presented paper on helping farmers through aggregating on both demand & supply chain in the National Microfinance summit at Delhi, India in Sept 2016
  • Presented the Equitas Model of inclusive finance to over 18000 women with Disabilities and received an award for innovative projects for the disabled at the Zero Project conference held at UNO, Vienna in Feb 2017
  • Presented the Equitas Model of Inclusive Finance to over 19000 women with Disabilities and received the award for Market Place Innovations at the “Disability Matters Asia Pacific Conference & Award 2017 conducted by Springboard Consultants USA
  • Presented the Equitas Model of Inclusive Finance at the Annual SEEP conference held in Washington DC from Oct 2-4, 2017
  • Was invited to give a guest lecture to MBA students at the Advance Centre for International Studies, John Hopkins University, Washington DC on 6th Oct, 2017
  • Speaker at the European Microfinance Week at Luxembourg closing ceremony on 1st Dec,2017
  • Presented the Case Study on an invite Westpac Bank a 200 year old Bank & 1st Bank in Australia in May 2018
  • Received the SKOCH AWARD for Top Ranking CSR Project by Banks in India in 2018
  • Presented Equitas Case Study at the Global Microfinance summit 2018 at Istanbul, Turkey on 24th & 25th, Jan 2019.