Our Team

Founder of Prakfin.

Former General Manager – IDBI Bank with Vast Corporate Finance Experience including major debt restructuring under erstwhile CDR.

Knowledge partner of SIDBI – from 2015 to 2016.

Strategic advisor to Glassex India Group , Trig Group, Veritas Group and Garuda Group of companies.

Over Two decades of managing Prakfin’s operations and successfully completed more than 100 transactions in Syndication, Restructuring, Acquistions.

Was board of several companies as nominee of IDBI during 1993-1999 (Ucal Fuel, Thiagrajar Mills, etc.) & Presently Independent Director on the Board of Engineering Company.

Strengths – Relatioships, Negotiation, Well-thought-out Deal Structuring and Concluding the deals (Debt, Equity and Acquisitions).

Director (Operations).

Founder of Samruddha Financial Services in 2014. (Offering boutique financial services).

Co-Founder of PRAKFIN.

Presently Director ( Finance), Kamal Cape Town Iron & Steel Company ( Pty) Ltd. Cape Town, South Africa.

Former Chief Manager, Bank of Maharashtra, Co-Founder of PRAKFIN & Founder of Samruddha Financial Services (SAMFIN).

Former Senior Executive Leading Commercial Bank, Dar es Salam, Tanzania.

Former Senior Risk Manager – Eskan Bank, Kingdom of Bahrain.

He has banking experience of over three decades.

Well versed in working capital assessment, bank branch operations, credit appraisal and risk management.

Director (operations),Prakfin, Mumbai.

Has rich and varied experience in the Financial Sector. Started his career with RBI.

Presently working as Senior Project Finance Officer with National Housing Bank (NHB).

Worked as General Manager (Finance), National Dairy Development Board for four years (FY-19 to FY 23).

Worked as DGM in IDBI Bank Ltd and headed SME Centre Mumbai for 4 years and Head Mid-Corporate Branch at Navi Mumbai for 3 years.

As a Head-City SME Centre, Mumbai dealt with more than 150 diverse SME clients (manufacturing & service sectors) having book size of Rs.1500 Crore (approx.). Also worked in Project Finance Department (PFD) in Head Office, IDBI Bank for appraisal of various projects.

Implemented Central Sector Scheme of GoI viz. Dairy Infrastructure Development Fund (DIDF scheme) and Sanctioned loan under Dairy Infrastructure Development fund to the extent of Rs.4000 Crore.

Arranged JICA (Japan International Cooperation Agency) for low cost funding for dairy development in the India.

Developing working capital manual for Bank.

Acted as Nominee Director in IDBI Bank’s assisted company.

National Housing Bank: Chief Financial Officer, CISO & Company Secretary with National Housing Bank, New Delhi from 2017 till Jan 2023. He was involved in foreign borrowing of 100 mln EURO from AFD, France for its SUNREF program towards green housing development in India.

IDBI Bank: Two decades experience in Corporate Banking ,Investment Cell, Finance & Accounts, Internal Audit, International Banking at IDBI as GM (1998 to 2017).

In the past, he worked as Jt. CFO and Company Secretary with UPSTDC, Accounts Officer with Paradeep Phosphates Ltd., and Internal Auditor with U P State Samaj Kalyan Nirman Nigam (for 4 years).

He was on the Board of several companies as Nominee Director on the Board viz. India Mortgage Guarantee Corporation, Mahindra Rural Housing Finance Ltd., Polyplex Corporation Ltd., Jayaswal Neco, Industries Ltd., Precision Fasteners Ltd, and Vaid Elastomers Ltd, in the past.

A Career Investment Banker with 30 years of experience in top management positions of various banks like Bank of Baroda, Axis Bank, Suryoday SFB and Capri Global.

Nurtured over 2000 SMEs and Corporate Relationships in Banking.

Largely exposed to Senior Secured Debt, M&A, Private Debts and Private Equity.

Dr Sivabalan Athmaraman, a PhD in Marine Biology has more than 30 years’ experience in variety of fields including aquaculture, secured logistics, engineering services and financial advisory services.

He has undergone various training in related fields and advanced Leadership Programme from Manchester Business School, UK and G4S Plc. He also headed the Indian business of MNC G4S Cash Services for over 6 years.

Later on, turned entrepreneur and running engineering services for over 10 years and also financial advisory services during this time.

He comes with a rich experience in managing and running of large company, starting up and running of new enterprises thereby giving him complete insight into how to manage finance.

Associate Director (Operations) of the Company.

Former Zonal Head (Mumbai Zone), Bank of Maharashtra.

He is on NPA committee of Banks.

Advisor to several companies.

He has more than four decades of rich experience in key areas of commercial Banking. Worked in various capacities in the Bank from Branch to Head Office including Specialized Foreign Exchange Centers, Industrial Branches, Inspection Cell and as Head of Largest Branch of the Bank.

Carries out Technoeconomic viability study.

Empaneled as Domain Specialist in SME by Dun & Bradstreet (D & B) and conducted seminars for SME entrepreneurs at Bangalore, Coimbatore.

Conducts Seminars for Exporters organized by Federation of Indian Exporters Organization.

Visiting faculty at SIES Management college, Nerul, Navi Mumbai.

Guest Faculty in some of the Bank training colleges like Sir Sorabji Pochkhawala College for Bankers (Central Bank and Dena Bank), Bank of Maharashtra Training Centre etc.

Brings rich experience in retails loans and managing high ticket size retail loan transactions.

He is highly skilled and experienced as Financial professional. He is Founder of SVK Financial Services which has a active collaboration with Prakfin Corporate Advisory Services for Corporate Finance transactions. He is actively associated with some of the complex structured debt transactions handled by Prakfin.

His specialization is business development and execution of retail loans provides a distinct advantage to our clients. He has done several retail loan deals, project funding, corporate funding, structured funding, green LRD, Channel Finance and loans for NRIs.

• Prita heads the operations team.
• A professional with over 17 years of experience focused on Risk, Compliance, Credit and Product development in the Retail & SME segment and Real Estate development arena.
• Areas of expertise include formulation, review and implementation of systems, processes and policies for new products, services and regulatory matters.
• Prita was part of Eskan Bank – the top Housing Bank in the Kingdom of Bahrain for 10 years where she headed the Risk and Compliance Function. Prior to that she was associated with India’s top retail banks, viz; HDFC Bank and ICICI Bank in the Retail and SME credit and product risk functions.

Mrs Bhumika is a Analyst and carries out risk assessment of transactions

Forensic Audit

Analysis of balance sheet of the Clients

• Bank statement tracing and identifying the cross transactions
• Related party data and transaction verification



Mutual fund

• Process review of the system, RCM and SOP , NAV Calculation, Compliance of the mutual fund with regulation of the SEBI.
• Master Circulation Compliance Verification
• Analysis of Fees, borrowings made by the MF , Dealing Guidelines as per insider trading policy, commission paid to broker
• Fund accounting entries verification.



Finalisation of balance sheet and Notes to Accounts as per the SEBI MF regulations

Company Audit

• Worked as Assistant with the team in doing statutory Audit
• Areas where i was part of the team Debtor ageing analysis, reconciliation ( bank, Service Tax , TDS), Fixed Assets Capitalisation, sales and Purchase Vouching, expenses vouching , stock verification , peety cash audit etc.
• Preparation of tax audit report and financial statements for corporate as well as non corporate clients
• Import and exports related work like gain / loss calculation, other benefits verification , documentation work.