COMPANY PROFILE. : Registered Private Limited Company (NBFC) Kalpavruksha Numbal Main Road, Numbal, Chennai

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1 COMPANY PROFILE Company Details: Name of the company Constitution Address of Registered Office Corporate office : VELICHAM FINANCE PRIVATE LIMITED : Registered Private Limited Company (NBFC) : No. 78, ICL Home Town, Kalpavruksha Numbal Main Road, Numbal, Chennai Phone/ address : Website URL : 3/46, Kattur & Post, Manakkal-Aiyampettai Via, Thiruvarur : Date of Incorporation : September 11, 1991 Sector Nature of activity Details of Registration with RBI Company Registration with ROC PAN : Finance Company : Extending Small and Medium sized credit facilities : B : CIN-U65991TN1991PTC : AAECS9552J Ownership and Management: Name of the Directors/Promoters % of shares Mr. M. Nagarajan Others Directors / Management: The affairs of VELICHAM FINANCE PRIVATE LIMITED are managed by: Mr. Nagarajan - Promoter & CEO Mr. M. Krishnakumar - Executive Director Mr. Balchandhar - Non Executive Director Mr. Nagarajan is the Promoter & CEO of the company. His Impecable Academics Credentials of having 6 academic degrees (M.A., M.S.W., PGDRD, PGDPR, PGDFM, and PGDMM) and 30 years of vast and varied experience in Project planning and designing, participatory rural appraisal, water management, capacity building, man power planning and management, community development and micro financing has made him an Institution Builder. Mr. Nagarajan is also the CEO of Bharathi Women Development Centre (BWDC), (NGO) a highly successful and accomplished Society formed for the development of the rural poorespecially women, operating from Thiruvarur, Tamil Nadu. 1

2 Mr. Krishnakumar is the founder director of the company. He is a Post Graduate -M.A. Social Dynamics and Qualified in Computer Application. He area pf specialization is Child Protection and Child Rights and in this He has initiated and implemented various community development projects with the support of State & Central Governments. He has also associated himself as a frontline functionary in a Welfare Society functioning from Nagapattinam and a Voluntary Health Association, registered in Chennai. Under his stewardship, the Societies and Associations received State level awards for performance and implementation of community development programmes. In recognition of his services in the social sector and with this regards to the various awards he is honored and has been nominated as a member to several prestigious Government Committees set up for the socio-economic development of communities. Mr.Balchandhar, He had been working in Lakshmi Vilas Bank since in From there, he worked in various capacities with the bank and retired as a Senior Banker in During his experience as a Banker, he was instrumental in introducing Self Help Groups with cooperation of various reputed NGO s. Having 47-years of experience in the banking sector and with accolades won in various capacities like Best Manager of the district and honours from NABARD in Tamilnadu, Mr Balachandhar is a valuable asset who helps to lead Velicham to growth and development. Key Personnel Mr. Justo Akbar Chaly- Head Strategy and Treasury 20-years of extensive experience in Strategic, operational, sales and relationship management Mr Justo Akbar Chaly is an effective worker who plays a vital role in escalating Velicham. He has 10- years of experience in global markets, from leading corporate teams to strategically developing internal and external shareholders. Having worked across 8 countries (India, Hong Kong, Singapore, Malaysia, Kuwait, Bahrain, UAE & Continental Europe) he has a clear track record of managing customers, projects and people across the globe. He has worked as a Property Sales Manager with Expat properties-uae, Business Analyst at Standard Chartered Bank, Retail Manager with ABN AMRO and IDBI Bank, an officer at HDFC and HSBC Bank and also as an Executive Forex with Wall Street Finance (India). With a well-rounded senior management career and experience of undertaking different types of challenges, Mr Justo has proved to be an effective employee who works with a spirit of excellence. Mr. Ram Kumar Head of Operation is a M.com graduate with 21 years of vast experience in the field of Microfinance, credit training, accounts and Internal Audit. He had been working and managing the operations for a number of reputed MFI organisations and Multi Coperative Societies around Tamilnadu. Having travelled around the world gaining insights on his areas of expertise, Mr Ram is a skilled negotiator, trouble-shooter in operational areas and has a strong process acumen. With his deep knowledge enhanced through looking after the functioning of branches, setting strategic plans and developing products he has moulded himself to be a successful professional with great leadership and management qualities. Mrs. Ganga Devi Head of Planing & Credit is a proficient employee of Velicham with 12 years of experience in MFI, eleven years solely in heading the MIS cell of estimable organisations. With an M.com degree, she has good knowledge in Micro Finance system, preparing goal-oriented solution plans, MIS data and reporting and vitally analysing the financial inflow-outflow source. She has to her credit an impressable record of successful planning which has helped in developing the organisation to a higher level. Mrs Ganga 2

3 effectively handles adverse situations within devoted timelines and also inspires her fellow team members to reach the stipulated goal. Capital Structure: Authorized Capital : Rs lakhs Paid up Capital as on 31/07/2018 : Rs lakhs Reserves & Surpluses as on 31/03/2018 : Rs lakhs Net worth as on 30/09/2018 : Rs 2.37 Cr Borrowing powers of the company : Yes, it has the power to borrow as per the M&AA Banking Arrangement: AXIS Bank Limited and Tamil Nadu Mercantile Bank (no credit facility). Business Correspondence Velicham Finance Private limited has been working with City Union Bank as a business correspondent under Financial Inclusion Program, across the state of Tamil Nadu. It has been associated 47 Branches in 15 Districts of Tamil Nadu state. A team of 103 employees working in 118 no of villages and serving to no of clients. Through them the products like, Saving banks accounts, Aadhar Seeding, NREGP Payments, Old Age Pension payments, Micro Insurance, have been delivered for the City Union Bank Limited. Details of Existing Credit Facilities: 1. Milaap Social Ventures India Private Limited, No.57, 1st Floor, 1st Main, Mini Forest Lane, (Above Corporation Bank), J.P. Nagar, 3rd Phase, Bangalore Total Borrowing : Rs.64, 40,000 Outstanding Balance: Rs. 55, 46,762 as on September 30, Usha Financial Services Private Limited, No. 330, Mezanine Floor, Functional Industrial Estate, Patparganj, Delhi , India Total Borrowing : Rs.30, 00,000 Outstanding Balance: Rs. 30, 00,000 as on September 30,

4 Key Operational and Financial Data: No. of States 2 (Tamil Nadu and Pondicherry) No. of Branch 4 No. of Clients 3347 Working Districts 6 (Thiruvarur, Thanjavur, Nagapattinam, Karaikal, Karur, Namakkal & Trichy ) Portfolio as on Cr CAR as on % PAR as on % NPA 0 OUR STRENGTH: 1. Rich expertise of the CEO. 2. Well-experienced team of 150 working professionals. 3. Marinating fair Code of Conducts and Ethics at all level of operation. 4. Continues Maintaining 0 Percent Risk in Portfolio. 5. Well-prepared client through Bharathi Women Development Centre and trustful longstanding client relationship. 6. Resource support through clients, infrastructure and back ground profile of BWDC. 7. Unique strategies in Operation & Methodology. 8. Sound Technical application and Control mechanism. 9. Involving and lending for Social Performance like Water & Sanitation, Livelihood Promotion Etc Brief History: VELICHAM FINANCE PRIVATE LIMITED (formerly Sushil Hire Purchase Private Ltd., - an Indian Non-Government Company) was registered at the Registrar of Companies Chennai on September 11, 1991 and was categorized as Company Limited by Shares. The company engaged in Financing under Hire Purchase. The name and structure of the company were later changed on February 7, 2017 to Velicham Finance Private Limited subsequent to the engagement of Mr. Nagarajan as its CEO in and has since shifted its area operation from Chennai to Thiruvarur. The Promoter & CEO(Nagarajan) is also the main brain behind all activities of Bharathi Women Development Centre, a Society and NGO engaged in multifarious social and development activities. This Society has a motivated team of more than 150 professionals having rich experience in capacity building, project formulation, design and implementation, monitoring and evaluation, participatory planning and financial review. Moreover, they also have domain specialization in sectors like agriculture, education, health, disability, livelihoods, disaster response and mitigation, policy advocacy, micro financing etc. The strength and experience of this man power, along with Mr. Nagarajan s active, pivotal and 4

5 contributory role through his meticulous finance planning, wide social contacts built over the years and astute business acumen have brought in palpable growth, image, recognition and success to this Society. Under his stewardship, the Society has impeccable record of 65% growth in its micro financing activity and financial parameters in the past two years with almost 0% non-performing advances. His team s contribution shall play a major supportive roll in the development and successful carrying out of mission for VELICHAM FINANCE PRIVATE LIMITED. Driven by a noble and long term motto of uplifting the rural poor and their status, the company has shifted from its activity of hire purchase financing to small and medium financing to agriculturists, artisans, self-employed labors and traders mostly based in rural areas. VELICHAM FINANCE PRIVATE LIMITED have planned to tap and utilize the vast potential available in the area of operations for extending need-based small and medium credit facilities to the rural poor on a massive scale. 5