IIFL Samasta has been serving economically underserved communities since its inception in 2008. While its primary focus lies on providing economic opportunities to the underserved, it is IIFL Samasta’s constant endeavor to create a positive impact in the community beyond business. Through its Corporate Social Responsibility (CSR) and community outreach programs, IIFL Samasta nurtures a holistic approach towards financial inclusion and sustainable development.
An unrelenting focus on customers
We realise the importance of social interventions in terms of reach and overall impact on the lives of people living on the margins, hence we provide more than just loans. The company has rolled out various initiatives under the CSR program to empower the communities it serves. IIFL Samasta aspires to create an impact in society at large; however, women, children, marginalised communities and the elderly are given priority. IIFL Samasta’s flagship CSR projects are focused on financial literacy for rural women, skill development for youth and cattle well being for farmers.
To connect with our CSR team for any collaborations.Click Here
Samasta – CSR Annual Report 2019-20 Click Here
IIFL Samasta promotes financial awareness and encourages good practices among our customers. All IIFL Samasta branches play financial literacy videos for our customers to orient them towards understanding the basics of managing money. In addition to this, IIFL Samasta has partnered with Sukalyan NGO to establish financial literacy centres at the Panchayat level in the states of West Bengal, Assam and Odisha.
Samasta with IIFL Foundation have launched such centres in West Bengal (Purulia and Jhargram), Odisha (Puri and Khorda), and Tripura (Khowai) to increase financial awareness and to promote good financial practices among the underserved communities. At the centres, women are trained on various aspects of financial literacy in theory and practice.
DISASTER RELIEF ACTIVITIES
As a responsible corporate IIFL Samasta firmly believes in helping communities in times of need and we extended a helping hand to flood victims in the states of Karnataka, Maharashtra, Assam, Tamil Nadu, and Kerala. IIFL Samasta swiftly ensured relief (including grocery kits and other essential items) and rehabilitation.
Livestock Development Centres ( CattleWell being and Animal Health Centres)
IIFL Samasta’s Kamadhenu initiative under aims to improve dairy breeds to help amplify production and farmers’ incomes. We have partnered with Bharatiya Agro Industries Foundation (BAIF) Institute for Sustainable Livelihoods and Development NGO to set up cattle well-being centres in Karnataka and Tamil Nadu and with NGO in Rajasthan. Two centres are already functional at Harohalli and Halagur villages in Karnataka.
IIFL Samasta’s Employee Engagement programs are designed to offer opportunities for corporate volunteerism to help augment employee loyalty and build greater job satisfaction. In the last 6 months our employee engagement activities focussed on better health for the communities where we conducted eye check-ups and blood donation drives in Tamil Nadu and Karnataka. The activities also included a new initiative called Project Smile, wherein employees will identifying and referring children with cleft lip and palate from the different communities for cleft lip correction.
VENKATESH N
Managing Director
Venkatesh is the founder and MD of IIFL Samasta Microfinance Ltd. He has over 20 years of experience in the financial services industry as an entrepreneur. Venkatesh was also the founder of the erstwhile PNV Techno Acquisitions Private Ltd. that marketed financial products, and Affluence Edifice, that provided wealth management services for individuals. Venkatesh holds a Bachelor’s degree in Computer Science and has completed the Harvard Business School-ACCION Program on Strategic Leadership in Microfinance.
SHIVAPRAKASH DEVIAH
Whole Time Director & Chief Information Officer
Shivaprakash co-founded IIFL Samasta in 2008. He leads IIFL Samasta’s technology-led initiatives which includes the setting of comprehensive IT infrastructure to facilitate smooth operations. He also oversees Operations to ensure seamless execution of business strategies. Shivaprakash has over two decades of experience spanning the software and financial services industries. Before co-founding IIFL Samasta, he managed global technology projects for Wipro.
Ms. Sistla Uma Shanmukhi
Additional (Independent Director)
Smt. Uma Shanmukhi Sistla is a banking professional with four decades of experience at the State Bank of India and its associated companies. Upon retirement, she held the position of Chief General Manager at the State Bank of India and served as the Managing Director and CEO of SBI-SG Global Securities Services Pvt Ltd (SBI-SG). SBI-SG specializes in custody, clearing, fund accounting, and various other securities services. Smt. Uma Shanmukhi Sistla began her career with State Bank of Hyderabad in 1983 and joined State Bank of India as a Probationary Officer in 1987. She has wide experience spanning ~40 years, in various areas of Banking, covering Branch Operations, Credit Management, Consumer Banking, SME Finance, International Banking, Training, Research, e-course development, Investment Banking, Investor relations, ALM, Financial Control. She also has exposure to Bank’s International operations, owing to a 2 year stint at SBI’s Frankfurt Branch.Read More
DISASTER RELIEF ACTIVITIES
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