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Vikram Akula appointed executive chairman of SKS Microfinance
Founder of Hyderabad-based SKS Microfinance has been appointed as executive chairman of the company, said a company filing.
The posting will be effective from November 1 this year. The company’s board meeting held on Tuesday has passed resolutions to the effect, said a company filing with the National Stock Exchange.
Akula who was the founder of SKS Microfinance which raised huge funds in one of the largest public issues in the sector recently and was listed on the stock exchange on August 16.
SKS Microfinance has also announced the appointment of M R Rao, current Chief Operating Officer, as Deputy Chief Executive Officer with immediate effect. Suresh Gurumani will continue as the Managing Director and Chief Executive Officer of the company, said the filing.
SKS shares closed at Rs 1,260, down by 2.11 per cent on the NSE on Tusday.
Vijay
December 25, 2010 at 8:51 pm
Akula is wholly responsible for the current state of affairs and killing the micro finance sector.
Sriniwas
September 17, 2010 at 6:10 pm
I believe the Vikram Akul a MF-hungry man ..SKS has opened new Fin.market segment.. to those money hunters…. at the same times it may not help the real-concerned to marginal community welfare… because these money hungry a socalled big MFIs will pass this financial burden to them.. Secondly, it is also affecting upcoming or startup mfi- those who are really wants to help the poor segment..
srikanth yadav
September 14, 2010 at 4:17 pm
sir,
it gives me great pleasure to know about your attitude to serve the people of the rural folk
regards
srikanth