| 22 Annual Report | 2024-2025 Stephen Dongwon Lee is a Non-Executive Nominee Director of Arohan. He was nominated to our Board of Directors by Teachers Insurance and Annuity Association of America. Stephen is a Senior Director and Head of Asia on the Private Equity Impact Investing team at Nuveen. Prior to joining the firm in 2014, Stephen worked as Director of Access to Finance for Building Markets, a social enterprise based in New York that supports local businesses in post-conflict and developing countries. He has also held various positions at J.P. Morgan, Accenture and ATX Communications. Stephen graduated with a B.A. in Economics from the University of Pennsylvania, an M.B.A. from Georgetown University’s McDonough School of Business and an M.S. in Foreign Service with a concentration in International Development from Georgetown University’s Edmund A. Walsh School of Foreign Service. He is also a former Fulbright Scholar in Egypt. Mr. Sri Radha Ramana Saripalli has been working in Small Industries Development Bank of India (SIDBI) since 1996 in the areas of Credit, Financial Inclusion relating to MSMEs, Microfinance, MFIs, Clusters, Livelihood Enterprises, etc. He is currently a General Manager at SIDBI. Mr. Saripalli has done his Master in Sociology from Andhra University and has completed CAIBB. Nitish Chawla is a Non-Executive Nominee Director of the Company. Nitish is an Investment Director at IFU, the Danish Development Finance Institution. Prior to joining IFU in 2020, Nitish has worked as an investment manager at a single family office where he managed the family’s investments in various businesses across logistics, renewable energy and water solutions, hospitality and real estate sectors. He started his career as a buy side equity research analyst, tracking the financial services and pharmaceutical sectors in India. Nitish is a graduate in Computer Science and an MBA from Indian Institute of Management Indore. He has also cleared all three levels of the CFA examination. Karina Isabel Alva Alfaro is a Non-Executive Nominee Director of the Company. She is an investment manager on the Financial Inclusion Private Equity team at Maj Invest. Prior to joining the firm in 2016, she has worked with a leading Latin-American credit rating firm. She started her career working with USAID supporting small businesses to access finance and Technical Assistance. She has more than 10 years of global experience in credit analysis, project management, and private equity. CA Ms. Rupa Rajul Vora is a Non-Executive Nominee Director of the Company. She was the Group Director & CFO - IDFC Alternatives for more than a decade and earlier, CFO of the Indian operations of Antwerp Diamond Bank N.V. and KBC Bank N.V. She was also associated with Calyon Bank and Oman International Bank S.A.O.G. Before joining the corporate world, she ran an independent practice as a Chartered Accountant for almost a decade. She has won the award for India’s Top Women in Finance 2023 by Equalifi. She has been a member of the Jury for the CFO 100 Awards by the CFO Institute and has been conferred with the “Women Leadership Excellence Award” at the IPE - BFSI Awards 2013 by the Institute of Public Enterprise. She has also been featured among India’s 10 most influential women in finance in India by Rediff.com in 2012. In addition to being an independent director on corporate boards, she is also a Fellow Member of the Institute of Directors and a lifetime member of the Independent Director’s Data Bank of the Indian Institute of Corporate Affairs. She has been a member of CII’s National Committee on Financial Reporting 2020-2021 to 2023-2024. Mr. John Arunkumar Diaz is a Non-Executive Independent Director of the Company since January 03, 2024. He is a consultant, entrepreneur, mentor and an advisor to a Venture Capital company. He holds a degree in Mathematics and an MBA from XLRI, Jamshedpur. He has worked with Standard Chartered Bank for 28 years in all areas of banking with assignments in India, Europe, the Middle East and the Asia Pacific Region. Thereafter he had a brief stint as Head, Reuters Consulting South Asia before taking up freelance consulting in Banking with assignments in Indonesia, Thailand, Laos, Mauritius and Seychelles among others. More recently, he was MD of Jain Sons Finlease Limited, an NBFC which provides loans to SME and MSME companies with limited or no collateral. He also had some experience as an entrepreneur in the healthcare sector with two ventures in the healthcare delivery space; one a clinic and the other a hospital chain. He is also an active member of TiE-Mumbai (The Indus Entrepreneurs, Mumbai Chapter) and enjoys mentoring new upcoming entrepreneurs whilst also doing some Angel investments. He is on the boards of several companies of which 3 are Regulated Entities. Stephen Dongwon Lee Sri Radha Ramana Saripalli Nitish Chawla Karina Isabel Alva Alfaro Rupa Rajul Vora John Arunkumar Diaz microfinance sector SRO recognised by the RBI for 8 years from 2013 including as its President from July 2015 to June 2016, as Chairman twice from July 2019 to June 2021 & is also the current Chairperson of the Governing Board of MFIN for 2024/25. He also serves on the Board of Trustees AMFI WB and is also the Lead of the Steering Committee of the 37 MFI lenders in Assam liaising with the state government on the AMFIRS’21, the Microfinance Incentive & Relief Scheme 2021. Strong Corporate Governance
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