Mr. Vivek Tiwari, a Postgraduate in Rural Development and Management from the Institute of Engineering and Rural Technology, Allahabad; has a prolific experience of nearly two decades in the microfinance sector on initiatives to promote financial inclusion, social entrepreneurship, and impact investing. As MD, CEO & CIO of SATYA, Vivek has taken the responsibility of spearheading the company’s strategic efforts and driving its expansion with morality and a vision to develop entrepreneurship and livelihood at the bottom of the pyramid.
Under his able guidance and leadership, SATYA has gained a massive presence in 22 states of India, currently serving almost 15 lac underserved people through its over 450+ branches spread across near about 50,000 villages. With 5500+ dedicated workforce, SATYA accomplished the monumental milestone of achieving more than INR 5000 Cr. Assets Under Management recently. Vivek’s far-sightedness and visionary thinking has helped SATYA become one of the fastest growing microfinance institutions in the country and well on its way to quickly emerge as a ‘figitech company’.
The India International Friendship Society awarded him with “Bharat Jyoti Award” for playing a pivotal role in accelerating the JLG/WSHG movement. Mr. Tiwari is also the Vice Chairperson of MFIN. He also received the BFSI Leadership Award for his immense contribution for furthering the financial inclusion movement. He was also felicitated as The Most Promising Business Leaders of Asia at The Economic Times Asian Business Leaders Conclave hosted by ET Edge. In 2021, he was also recognized as The Most Promising Entrepreneurs of Asia at The Economic Times Asian Business Leaders Conclave.
Under his exemplary leadership, SATYA has been recognized as MOST TRUSTED MICROFINANCE INSTITUITION OF INDIA and has also been felicitated with ATAL Achievement Award 2020 on 29th December 2020 at Constitution Club of India, New Delhi. Mr. Tiwari has also been elected as Vice Chairperson of MFIN (Microfinance Institutions Network) which is an association for the microfinance sector in India.
Recently, SATYA also bagged Best MSME NBFC/ MFI” and “Best Branding NBFC/MFI” awards at MSME Banking Excellence Award 2022 organized on 23rd February 2023 by Chamber of Indian Micro Small and Medium Enterprises (CIMSME). Adding onto the list of golden feathers, SATYA was also recognized as The Best Tech Savvy Microfinance of the Year at the “14th NBFC & Fintech Award 2023.
With profound endeavour towards the use of digital technology including paperless transactions, cashless disbursements, geo-tagging of client and staff locations, e-KYC of clients and e-Learning platform for training staff members, among others, Mr. Tiwari has catapult SATYA MicroCapital to emerge as the pioneer in the microfinance sector.
Before SATYA, Vivek was associated with Satin Credit care Network Ltd (SCNL) as the Chief Operating Officer. In his nearly nine years of engagement with SCNL, he transfigured its portfolio from INR 50 crore to INR 4,000 crore.
