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Board of Directors

Jayaraman Chandrasekaran

Independent Director

Mr. J. Chandrasekaran is an Independent Director on the board of GrowXCD Finance.

Jayaraman Chandrasekaran

Meet the Board

Select a profile to read the full biography.

Jayaraman Chandrasekaran

Independent Director

  • Mr. J. Chandrasekaran is an Independent Director on the board of GrowXCD Finance.
  • Mr. Chandrasekaran, a career banker, comes with an illustrious career spanning over three and a half decades at SBI and retired as Chief General Manager in September 2011. He was SBI’s nominee director on the Board of SIDBI for 6 years, from June 2012 till June 2018.
  • During his career Chandrasekaran was involved in the areas of Mid Corporate, SME lending and Treasury. He headed SME the SME lending unit from 2002 to 2007, positioning SBI as thought leader in SME.
  • Chandrasekaran was a member of various RBI technical committees on the money and bond markets. 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.
  • He is currently an Independent Director in Equitas Holdings Co Ltd. (Currently in the process of merging with Equitas Small Finance Bank), Independent Director Mahaveer Finance India Ltd. and a Nominee Director SBI CAP Trustee Co Ltd.
  • He holds a Bachelor’s degree in Technology specializing in Chemical Engineering from Indian Institute of Technology, Madras.

Sundararajan GS

Nominee Director

  • Mr. Sundararajan holds the position of Nominee Director in our company. He earned a Bachelor of Engineering degree from Coimbatore and a Post Graduate Diploma in Management from the Indian Institute of Management (IIM), Ahmedabad. Currently, Mr. Gopalasamudram Srinivasaraghavan Sundararajan serves on the boards of several esteemed companies in the Banking and Financial Service Industry. Additionally, he actively participates in the realm of Social Entrepreneurship in an advisory role.
  • Mr. Sundararajan played a crucial role as the Group Director at Shriram Group until mid-2020, having initially joined as the Managing Director of Shriram Capital Ltd. This company served as the Holding Company for Shriram Group’s financial services and insurance businesses across India and overseas. His expertise in the Asian market and profound understanding of various countries and their business landscapes led to his inclusion on the Board of Sanlam Emerging Markets in South Africa in August 2013.
  • In his capacity as Group Director, Mr. Sundararajan served as a director on the Boards of subsidiaries, overseeing critical aspects of strategic growth opportunities. Notably, he was responsible for the Retail and MSME business at Shriram City Union Finance and the life and non-life insurance businesses in collaboration with Sanlam, South Africa.
  • Before joining Shriram, Mr. Sundararajan held the positions of CEO & Managing Director at Fullerton India Credit Company Ltd., a registered Non-Banking Finance Company catering to the financial services needs of retail and commercial mass markets. He also served as the Managing Director of Fullerton Enterprises Private Limited, a KPO that formed a strategic alliance with the Centurion Bank of Punjab to drive the SME business.
  • Mr. Sundararajan’s extensive career includes roles such as being nominated to the Boards of two Financial Services investments of Temasek in China, managing Citibank’s SME and Asset Based Finance business in India, and heading the captive finance arm of Eicher Mitsubishi in India after starting his career in Sales with the same company.

Rajat Bansal

Nominee Director

  • Rajat holds the position of Nominee Director in our company. He has over 11 years of experience across private equity and corporate finance. He was with Lok from 2014 till 2017 and rejoined the firm as Principal in 2022. His focus in the current role is to build the growth stage BFSI and fintech portfolio for the fund while also leading fund raising from select investors.
  • Prior to rejoining Lok, Rajat was an Investment Director with Sabre Partners, leading investments in financial services and healthcare. He also has experience in fund raising and corporate finance with IFMR Holdings and CEPA Ltd prior to his first stint with Lok.
  • Rajat has an MBA from Indian Institute of Management Calcutta and Bachelors in Engineering from Delhi College of Engineering.

HKN Raghavan

Non-Executive Director

  • Mr. HKN Raghavan is an Non-Executive Director and investor in GrowXCD.
  • Mr. Raghavan has over 37 years of professional experience and over 12 years in the financial services industry with Equitas. In Equitas, he scaled the MicroFinance and Commercial vehicle business. He was instrumental in launching SME, Micro LAP and Micro Housing products by leveraging the outreach.
  • Apart from business, he has handled the crucial responsibility of the transition of Equitas NBFC to Small Finance Bank. He also headed consumer banking for close to 2 years and the official spokesperson for Equitas Small Finance Bank interacting with Media and Investors.
  • Raghavan has also been active in the Microfinance SRO organizations and was elected and served a Director of MFIN board in 2015. He was also part of MFIN code of conduct enforcement committee and Member of Credit Bureau enhancement committee.
  • Apart from his financial services experience he has wide experience with FMCG, Retail, Lending to Farmer Producing Organizations and Farmers. Companies worked spanned across Hindustan Unilever, Agrotech Foods Ltd, Henkel, Dabur Foods, Subhiksha, Samunathi in the FMCG and retail space.
  • He holds a B Com Osmania University 1985 and an Executive MBA from IIM Cal.

Pranay Sultania

Nominee Director

  • Pranay holds the position of Nominee Director in our company.
  • He is a Chartered Accountant and has worked in PwC and Grant Thornton (2015-2021)
  • where he has worked extensively on due diligence engagements for Mergers & Acquisitions and Private Equity transactions of varying sizes, spanning across sectors including financial services, real estate, manufacturing, logistics, IT, FMCG, healthcare and e-commerce
  • He is currently part of investment team at Lok Capital since 2021 and is involved in investing and managing investments across financial services, specifically in NBFCs. Additionally, Pranay looks at sustainable agri & climate tech.

Arjun Muralidharan

Founder, MD & CEO

  • Arjun Muralidharan is the Founder, Managing Director and CEO of GrowXCD Finance Private Limited. He comes with 20+years of professional work experience with core expertise in rural retail lending including Microfinance, Small Business Loans, Secured MSME loans, Affordable housing, Two-Wheeler loans and Consumer Durable loans.
  • Arjun was the CEO of Grama Vidiyal and instrumental in transforming the business into a regulated NBFC (Grama Vidyal Micro Finance). He enabled its growth from 20 branches & Rs. 20 Cr AUM to 350 branches in 6 states, 1.2 million customers and Rs. 1500 Cr AUM through organic growth. He raised capital from reputed impact investors and forged many new banking partnerships enabling the balance sheet growth.
  • He spearheaded the acquisition of Grama Vidyal Micro Finance by IDFC Bank and was later appointed as the MD & CEO of IDFC FIRST Bharat (erstwhile Grama Vidiyal Micro Finance). In IDFC FIRST Bharat, he expanded the operations to cater to over 2 million customers while managing over Rs. 6700 Cr AUM across multiple products and pan-India operations.
  • Arjun is an active support of startups and entrepreneurs and is a mentor at IIT Madras Incubation cell and provided inputs towards their strategy and growth. He is also part of the guiding team of Paripoorna Software, which is a software development company working on cutting edge mobile and web application development for customers in India and Abroad.
  • Arjun is a B.Tech from IIT Madras and a MS (Industrial Engineering and Operations Research) from University of California, Berkeley.