Leadership Team

  • Tara Thiagarajan, Chairman and Managing Director Tara ThiagarajanChairman and Managing Director

    Tara has been the Chairman and Managing Director of Madura since inception where she is focused on architecting the organization for intelligent capital delivery into the informal economy. This includes building a strong data framework and a research-driven analytical platform to expand product opportunities, manage risk and enhance cost efficiency. She is also a scientist with expertise in neuroscience and complex systems and a broader interest in bringing cutting-edge science to the understanding and engineering of human systems. Tara has a B.A. in Mathematics from Brandeis University, an MBA from the Kellogg School of Management at Northwestern University and a Ph.D. in Neuroscience from Stanford University.

    She has also been a postdoctoral scientist at the Center for Critical Brain Dynamics at the NIH and was a visiting Scientist at the National Center for Biological Sciences in Bangalore. She is a frequent Op-ed contributor to various publications including The Economic Times, Business Line and Entrepreneur magazine.

  • Mohan Eddy, Wholetime Director Mohan Eddy Wholetime Director

    Mohan has long experience in building organizations across various sectors from manufacturing to technology and is leading Madura’s transformation into a next-generation intelligent enterprise. Prior to Madura, he built an Enterprise Technology consulting practice that scaled to $200 MM in revenues and is now part of Tech Mahindra.

    Mohan’s expertise lies in engineering high-performance teams and he enjoys the challenge of envisioning and building from the ground up. His satisfaction comes from empowering and enabling human potential with training, technology and systems, and in expanding opportunity for large numbers of people. Mohan is also a gadget and technology buff and keeps us all on our toes with the latest and greatest.

    He holds a B.E in Mechanical Engineering from the College of Engineering in Guindy and a Post Graduate Diploma in Management from IIM Calcutta.

  • Narayanan M, Chief Executive Officer Narayanan M Chief Executive Officer

    Narayanan has led operations at Madura since inception and is focused on ensuring productive branch operations coupled with cost-efficient fund flow. Narayanan comes with 25 years of experience in the banking industry where he has held key positions as Head of Treasury at Bank of Madura and Head of Treasury at the GMR Group, Bangalore. His earlier career led him through a variety of significant roles at Bank of Madura including Head of Mumbai – Main, the largest branch of the bank, and AGM of Cash Management Services, Merchant Banking and Corporate Banking. He was also an active member of various committees including Strategic Planning, Investment, Forex and ALCO. Following the merger of Bank of Madura with ICICI Bank he took on the role of VP of Corporate Banking. He has also worked briefly at Union Bank of California and at ING Vysya Bank.

    He is a Certified Associate of Indian Institute of Bankers (CAIIB).

Management Team

  • V BalakrishnanChief Financial Officer

    Balakrishnan has more than 2 decades of extensive experience across various sectors including Financial Services. Prior to Madura, he was Senior Vice President at OPC Asset Solutions where he managed the Southern market for the company in providing solutions for several blue chip clients. At Veda Corp Advisors, he handled varied investment banking assignments. As CFO and Company Secretary for Ma Foi Management Consultants for over 7 years, he was a key member of the management team during a phase of rapid growth in the company.

    Balakrishnan is a Chartered Accountant, Company Secretary and a Grad CWA.

  • Rajeev Sundaresan, Advisor-Business TransformationRajeev SundaresanAdvisor – Business Transformation

    Rajeev drives business transformation at Madura and is responsible for aligning the vision of the Company with the business processes and technology roadmap.

    In a career spanning more than three decades, Rajeev consulted and worked with companies globally in North America, Europe, Middle East and Australia. His experience spreads across industry verticals like Banking, Financial Services, Manufacturing, Consumer Product Goods, Automotive and Energy. Prior to Madura, Rajeev led a business unit of a leading IT major with full P& L responsibility.

    Rajeev is a Chartered Accountant and has passed the CISA exam from the USA.

  • Ravi Kumar Doddala, SVP- Group LendingD Ravi KumarSr. Vice President, Group Lending

    Ravi Kumar heads the SHG lending operations at Madura where he spearheads branch operations and expansion. His expertise is in strategic planning as well as execution of sales and marketing plans. He comes with over two decades of experience in sales & marketing, business development and channel management in the financial services industry. He has worked previously with Cholamandalam DBS Finance in the Vehicle Finance business and later at Equitas Finance where he handled multiple roles in Micro Finance, Vehicle Finance and LAP. Most recently he was the Regional Business head – South of Tata Motors Finance Solutions.

    Ravi Kumar is a B.Sc. graduate from Regional College of Education – Mysore and has an MBA (Marketing & Finance) from University of Madras.

  • Rajiv RG, VP-Process ExcellenceRajiv R GVice President, Process Excellence

    Rajiv spearheads the development, implementation and management of processes at Madura to ensure cutting-edge automation to drive speed, productivity, risk mitigation and flexible product introduction. Rajiv comes with over two decades of experience in Supply Chain, Operations, IT Strategy & Digital Transformation at various multinational companies including DXC, CSC, Cognizant, Ramco and L&T where he has handled large global engagements and enterprise technology projects. He has also authored many concept papers which have been published and awarded in global forums.

    He has an MBA in Marketing and a BE in Mechanical Engineering

  • Rajeshwari RagavAssistant Vice President, Data Excellence

    Rajeshwari is focused on building Madura’s data and research frameworks to ensure an efficient and accurate data supply chain for rapid decision making at all levels of the organization. She comes with over seventeen years of experience in customer insights and analytics across several industries including Financial Services, Consumer Goods and Services, Auto, Apparel, and Retail. Her domain experience spans customer segmentation and market sizing, new product development and market testing, brand monitoring, and customer data integration. She has worked previously with several organizations including The Nielsen Company, TNS, IMRB and Titan Industries.

    She holds an MBA in Mass Communication and Marketing and B.A. in Economics.

  • Rajeena Thomas, AVP- People ExcellenceRajeena ThomasAssistant Vice President, People Excellence

    Rajeena manages Madura’s people operations with a strong focus on building recruitment pipelines, employee engagement and development of the field staff capacity for high performance. Prior to Madura, she spent over twelve years e in human resources in at L&T Finance and Thermax where she developed expertise in partnering with business units to deliver on the people agenda of the organization. Her experience spans talent management, performance and career management, organizational structure, workforce planning and running HR operations.

    She has an MBA in Human Resources Management from Pune University.

  • Samuel Mathews, AVP- Finance & AcocuntsSamuel MathewsAssistant Vice President, Finance and Accounts

    Samuel manages all financial reporting at Madura as well as spearheads its ERP transformation and streamlining of finance and accounting processes. He is a Chartered Accountant with core finance and accounts experience across various segments of the financial services sector, including share and commodity broking, life insurance and gold loan financing at Geojit group, HDFC Life and Muthoottu Mini group.

    He has a Masters in Business Finance from the Institute of Chartered Accountants of India