Samit Ghosh
Born1949 (age 74–75)
Dhanbad, India
EducationWharton School (MBA)
Title

Samit Ghosh is the founder of Ujjivan Financial Services Limited, and served as its managing director and chief executive officer until 31 January 2017, when he accepted an equivalent role with subsidiary Ujjivan Small Finance Bank.[1] Prior to 2004, he held positions at Citibank, Standard Chartered, and HDFC Bank. He served as CEO of Ujjivan Financial Services till 2017. Ghosh is currently the non-executive Chairman of Ujjivan Financial Services.[2][3]

Early life and education

Samit Ghosh was born in 1949 to Dr. Sailendra Kumar. Ghosh spent a large part of his early years in Dhanbad. His father was a doctor who served the Indian Army during World War II and set up a number of government hospitals in the poor coal mining areas near Dhanbad.[4] He lost his father at age of 10. His mother was a professor in Sri Shikshyatan College.[5] Ghosh completed his undergraduate in economics from St. Xavier's College in Kolkata and Master of Business Administration in finance from The Wharton School of Business at the University of Pennsylvania, United States.[6]

Career

Samit Ghosh has a banking career spanning over 30 years in India, South Asia and the Middle East with a specialization in retail banking. He started his career with Citibank in 1975. From 1980 to 1985, he worked as the vice president for investment and corporate banking at Arab Bank in Bahrain. He returned to India in 1985 to rejoin Citibank and was part of the management team which launched retail banking in 1985. He served as the vice-president of Citibank from 1975-1980 and again from 1985-1993.[7] From 1993 to 1996, he held the position of regional head of personal banking for South Asia and the Middle East at Standard Chartered Bank in Dubai.[8] Prior to founding Ujjivan, he served as the CEO at Bank of Muscat.[9][10]

In November 2005, he founded Ujjivan Financial Services in Bengaluru as a non-deposit taking, non-banking financial company (NBFC), primarily operating in the microfinance sector. The organization focuses on providing loans to women in urban and semi-urban areas. In 2013, Ujjivan Financial Services obtained registration with the Reserve Bank of India (RBI) as a non-banking financial company - microfinance institution (NBFC-MFI).[4] From February 1, 2017, he held the position of MD & CEO at Ujjivan Small Finance Bank until his retirement on November 30, 2019. Currently, Ghosh serves as a Non-Executive, Non-Independent Director at Ujjivan Small Finance Bank.[11]

Other roles

He has served as the president of Microfinance Institutions Network (MFIN) and chairman of Association of Karnataka Microfinance Institutions (AKMI).[12] Since April 2020, he has been serving as a CSI Partner at the Nudge Centre for Social Innovation, and as a Non-Executive Director at Parinaam Foundation since September 2020.[13][14]

Awards and honors

In 2011, Ujjivan Financial Services was awarded as Microfinance Organization of the Year.[15] Samit Ghosh was awarded as Social Impact Entrepreneur of the Year Award in 2015 by Forbes India.[16] In 2019, he was awarded for Contribution to advancing financial inclusion at Inclusive Finance India Awards, 2019.[17]

References

  1. ↑ "Ujjivan Microfinance MD Samit Ghosh Resigns".
  2. ↑ "Samit Kumar Ghosh, Ujjivan Small Finance Bank Ltd: Profile and Biography". Bloomberg.com. Retrieved 24 June 2023.
  3. ↑ "Exclusive Interview | It hurts when something like this happens, says Samit Ghosh, Founder Ujjivan, on minority shareholders rejecting his appointment as MD & CEO". Moneycontrol. 30 April 2021. Retrieved 24 June 2023.
  4. 1 2 "Former Banker Samit Ghosh's Epiphany". Forbes India. Retrieved 24 June 2023.
  5. ↑ "How Samit Ghosh Built Ujjivan Financial Services | MYB International". www.mybinternational.com. Retrieved 24 June 2023.
  6. ↑ Ray, Atmadip (15 June 2016). "Samit Ghosh: Entrepreneur making Ujjivan Financial Services a finance bank". Economic Times. Retrieved 12 January 2020.
  7. ↑ Desk, B. B. N. (30 October 2010). "Citi Organizes seminar on foreign exchange and rates risk management". Bangladesh Business News. Retrieved 24 June 2023.
  8. ↑ "The economic well-being of the country has dramatically changed: Samit Ghosh". www.fortuneindia.com. 9 July 2019. Retrieved 24 June 2023.
  9. ↑ "rediff.com: Heading: BankMuscat to expand operations in India". www.rediff.com. Retrieved 24 June 2023.
  10. ↑ Standard (18 July 2002). "After A Botched Bid, Bank Muscat Goes Solo". www.business-standard.com. Retrieved 24 June 2023.
  11. ↑ "Ujjivan". www.ujjivan.com. Retrieved 24 June 2023.
  12. ↑ "MFIN elects Ujjivan's Samit Ghosh as president and Bandhan's CS Ghosh as vice president".
  13. ↑ "The/Nudge | Centre for Social Innovation". csi.thenudge.org. Retrieved 24 June 2023.
  14. ↑ "Board of Directors - Parinaam Foundation". www.parinaam.org. Retrieved 24 June 2023.
  15. ↑ Standard (13 December 2011). "Ujjivan is 'Microfinance Organisation of the Year 2011'". www.business-standard.com. Retrieved 24 June 2023.
  16. ↑ "Former banker Samit Ghosh's epiphany".
  17. ↑ Bank, Ujjivan Small Finance. "Our Awards". www.ujjivansfb.in. Retrieved 24 June 2023.
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