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Board of Directors

Devesh Sachdev
Devesh Sachdev

Company’s Founder & CEO, Devesh Sachdev, An XLRI Post Graduate with 16 years of experience in the Service Industry prior to starting Fusion in 2009-10. He started his career with Citigroup in 1996.

His entrepreneurial quest started with BSA, a small size logistics company. He spearheaded the growth of BSA from single city operations, limited service offerings to Pan India foothold and diversified services making BSA the Market Leader in its segment. Devesh was the first professional manager to be appointed Director on the Board of all the group companies of BSA.

Amongst the diverse experiences, his expertise lies in building business, managing large teams in a cost efficient manner, strategy, key relationship management and handling all dimensions of the business.

Under his leadership, Fusion has grown into one of the leading microfinance institutions and continues to expand its operations.

In 2015, he attended and successfully completed Strategic leadership program in Harvard Business School.

He is currently the Vice Chairman and board member of MFIN, which is a Self-Regulatory Organization for NBFC-MFIs in India. MFIN works closely with regulators and other key stakeholders and plays an active part in the larger financial inclusions dialogue through the medium of microfinance. He has been listed in the “50 fastest growing CEOs of India” by ‘The CEO Magazine’ in 2018.

Ken Vander Weele
Ken Vander Weele
Nominee Director

Mr Ken Vander Weele is a co-founder and partner in Creation Investments Capital Management, LLC, a fund management company that manages several specialized private equity vehicles that invest in emerging market financial services companies serving poor clients.

From 2000 until 2009 Mr Vander Weele served as the President of the Investment Services Division at Opportunity International, a major microfinance network. Mr. Vander Weele was responsible for the development and oversight of all commercial MFIs within the Opportunity Network, garnering over $1 billion in assets during his tenure. During this period, Mr Vander Weele was involved in forming three microfinance banks in Eastern Europe (Forus Bank-Russia, Opportunity Bank-Montenegro, and Opportunity Bank-Serbia), and Ken served as the board chair of each bank.

Between 1991 and 2000, Mr. Vander Weele held various positions within the Opportunity International Network, including Global COO, Regional Vice President for Eastern Europe and Interim CEO.

From 1975 to 1981, Mr. Vander Weele held various positions at Grant Thornton, CPAs, in their Madison, Boston, Chicago, and US National Office. From 1981 to 1991, he was the Senior Vice President, CFO and a founding shareholder of Graphisphere Corporation, a graphic arts holding company with private equity shareholders, until it was sold to a strategic buyer.

Mr Vander Weele was also a founder and the board chair of the Microfinance Centre for Eastern Europe from 1998 until 2006 and the Balkan Financial Sector Equity Fund from 2005 to 2011.

Mr Vander Weele has a PhD in international economics from Oxford University, and a BBA in Accounting from the University of Wisconsin. Ken is also a CPA.

Narendra Ostawal
Narendra Ostawal
Nominee Director

Narendra Ostawal is based in Mumbai, joined Warburg Pincus in 2007 and since then has been working with the firm's Indian affiliate. He is involved in the firm's Investment Advisory activities in India and focuses on Financial Services and Healthcare sectors in India. He currently serves as a Managing Director of Warburg Pincus India Private Limited. Prior to joining Warburg Pincus, Mr. Ostawal was an Associate with 3i India and McKinsey & Company. He is a Director of Laurus Labs Limited, Capital First Limited, AU Small Finance Bank Limited, D B Power Group Companies, Computer Age Management Services Pvt. Ltd., Sterling Software Private Limited and Fusion Micro Finance Private Limited. Mr. Ostawal holds a Chartered Accountancy degree from The Institute of Chartered Accountants of India and an M.B.A. from Indian Institute of Management, Bangalore.

Ratna Viswanathan
Ratna Vishwanathan
Independent Director

Ratna Viswanathan has been the CEO of MFIN for the last three years and was Dy. CEO prior to that. She has built a strong Self Segulating Organisation in line with the sector supervision mandate of the RBi and has brought in a strong sense of credibility for the sector as far as the external world is concerned. She has put in place a very valuable property in terms of the international microfinance conclave which is now an annual feature and has enhanced the visibility of the sector.

Belonging to the 1987 batch of the Indian Audit and Accounts Service, Ms. Vishwanathan comes with extensive experience across a range of departments of the Government of India including Audit, Defence and Prasar Bharti. In the development sector she has served at very senior levels in well-known international NGOs such as Oxfam and VSO. She steered these entities through critical change management processes as they transitioned from international liaison offices to ‘full fledged Indian entities’. Ratna Vishwanathan is a Director on the Board of Mudra, Member of the RBI’s Financial Inclusion Advisory Committee and Chairperson of the South Asian Microfinance Network.

She is currently the CEO of the Sustainable India Finance Facility which is an entity set up under the United Nations Environment Programme and is partnering with BNP Paribas to bring in private sector investment into sustainable agriculture, green energy, water conservation and other sustainable enterprise at scale.

Namrata Kaul
Namrata Kaul
Independent Director

Namrata Kaul is a career banker with extensive experience of over 30 years across Treasury , Corporate Banking , Debt Capital markets and Corporate finance in India and UK. As Managing Director at Deutsche Bank AG, Namrata led the Corporate Bank practice as its India Head. She was also responsible for managing risk, credit, compliances and regulatory reporting for the Corporate portfolio of the Bank. In Deutsche Bank U.K., as part of the Strategic Leadership Team aiming to strengthen cross border networks , she set up an Asia Desk in London. Namrata was a member of the Deutsche Bank Asia Executive Committee, a Member of the Board of Deutsche Bank India, and a founding member of the Deutsche Bank Diversity Council.

She currently serves as Independent Director on several Boards including Vivriti Capital , Schneider Electric , Bhopal Smart City Corporation and Prime Securities Ltd. She is also an Investor and mentor at PadUp Ventures, a start up incubator offering advisory services to early stage tech and digital companies in India and helping them grow successfully to the next level with intellectual and financial capital.

Actively engaged in the Social Development sector , Namrata is Vice Chair and Director on the Supervisory Board of Care International (Geneva), a leading international humanitarian organization engaged in long term international development projects to fight global poverty. She is a Board Member at Care India, a NGO engaged in the empowerment of women from poor and marginalized communities in India. She also serves on the Audit Committee of Sevagram, Udaipur , an NGO working on long term and sustainable social transformation.

Namrata is a Chevening scholar from the London School of Economics, she holds a Bachelor of Commerce degree from Lady Shri Ram College, Delhi University, and is a Management Postgraduate from IIM Ahmedabad.

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