Gurgoan/Bhubaneswar: Microfinance Industry Network (MFIN), the apex industry body for RBI-regulated microfinance entities and a recognised Self-Regulatory Organisation (SRO), has elected Dibyajyoti Pattanaik as its new chairperson and Gyan Mohan as vice chairperson.
The appointments were made at MFIN’s 17th Annual General Meeting held in Gurgaon on June 26.
Pattanaik serves as Director of Annapurna Finance Pvt Ltd., while Mohan is Director & CEO of Adi Chitragupta Finance Ltd.
The MFIN Governing Board also welcomed four new members – Aalok Patel, Chairman & Managing Director, Namra Finance Ltd; Ganesh Narayanan, Managing Director & CEO, CreditAccess Grameen Ltd; Sudipta Roy, Managing Director & CEO, L&T Finance Ltd; and Venkatesh Krishnan, Managing Director & CEO, Spandana Sphoorty Financial Ltd.
Speaking on the occasion Pattanaik said, “It is an honour to lead the sector at such a promising juncture. Portfolio quality is strengthening, liquidity is returning, and the foundations for sustainable growth are firmly in place. As we move forward, our collective focus must be on responsible expansion, deepening trust with regulators and lenders, and ensuring that microfinance continues to be a powerful force for financial inclusion across the country.”
Mohan added, “Microfinance has transformed millions of lives by placing financial opportunity in the hands of those who need it most — particularly women and underserved communities. As the sector enters its next phase of growth, I am committed to ensuring that client protection remains at the centre of everything we do.”
DAlok Misra, CEO & Director of MFIN, welcomed the new leadership and noted the sector’s resilience. “The sector is gradually emerging from a challenging period and has demonstrated commendable discipline and resilience. MFIN remains committed towards strengthening the ecosystem through policy advocacy, SRO oversight, capacity building, research, and sector-wide initiatives. I am confident that under the leadership of Dibyajyoti Pattanaik and Gyan Mohan the industry will build on its strong foundations and further strengthen its sustainability, resilience, and long-term growth,” he added.
